Some Influencers Are Not Helping

[Yatsan]

This just shows how some influencers are not making good use of the platforms they are well-known with for they are just building up confusion on the minds of their followers from the statements they released or posted into their platforms which makes wrong impressions specially for their followers since they are well-known influencers on their field of work. It just clearly shows how money influences even the influencers that many people trust and eventually doing statements that sounds as mere advertisements favoring one side.

At the end of the day, all of this is purely money-making. So you don't put your full trust on these businessmen even if they appear to be siding with the revolutionary, with that which offers the biggest disruption to the traditional world.

This was indeed agreeable that the influencers will do whatever it takes for the sake of money even to lure its followers for they only care about how to gain for their own sake. Trust the facts you see and do not be dictated by the influencers thought for you will duly observe what is the truth and decide based on your own analogy.

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[verita1]

I saw this influencer as a little crazy.
We are not the only ones who are displeased with his antics.

https://twitter.com/_TheCoolTwin/status/1297203208557715459?s=19

What is true is that when bitcoin continues to climb, altcoins fall. We have checked it several times. We need to buy more bitcoin before it is unreachable.

[bayu7adi]

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

And for us crypto enthusiast, we should be always be careful on who to follow, on who we believed, otherwise we are going to get REKT here. Let them shill whatever they want, it's really up to us, use our common sense and think many times before buying any shitcoins those influencers are promoting or advertising specially in Twitter.

Marketing ruthlessness can destroy the crypto ecosystem, including what you say about McAfee. He is someone who is paid to do a tweet on twitter. Then the developer of the crypto project who will do a public sale, uses the tweet as a weapon that he has won the trust of people who are well known in the world

I would call this really disgusting junk marketing, namely by buying false trusts.

the artist will not be held responsible when the project that endorsed him fails

[MCobian]

Indeed, most influencers are promoting crypto purely for their own personal gain. They make use of the number of their followers
owned as a money making tool. Therefore, I have not followed influencers signals for a long time, because if they have started
promoting a particular crypto, they have bought that crypto before. After that, just make it hype and some people will be swayed
and the influencers can make a profit. Therefore crypto influencers like John McAfee will continue to provide trading signals,
because from there one of his sources of income.

[erikoy]

Well yeah but I think it will only be few. Besides we know already about cryptocurrenc whether there will be an influencer or not as long as the interest and the cryptocurrency opportunity is there users will going to keep coming back. The influencers may be influencing bad or good is a publicity. Publicity whether it is good or bad will still be publicity. Cryptocurrenct will continue to grow unless it is not helping but for now, It is valauble espcially in this pandemic where people chose to do online transaction and bitcoin is already an option to do it.

[Velkro]

The Winklevi are running an exchange; and since most people know about bitcoin already, I think it's safe to assume that they shilled an altcoin to let people gain more interest and potentially them gaining more users on Gemini.

That seems most resonable explanation.
Doesnt make it right as a whole situation. I would assume Winkelvoss twins have higher standards and would do more in terms of promoting Bitcoin and their exchange.
Kinda dissapointed in them for this.

[maydna]

Well yeah but I think it will only be few. Besides we know already about cryptocurrenc whether there will be an influencer or not as long as the interest and the cryptocurrency opportunity is there users will going to keep coming back. The influencers may be influencing bad or good is a publicity. Publicity whether it is good or bad will still be publicity. Cryptocurrenct will continue to grow unless it is not helping but for now, It is valauble espcially in this pandemic where people chose to do online transaction and bitcoin is already an option to do it.

At least, no matter if the influencer is good or not, that still gives people out there to know about crypto to help the crypto grow. If people know the crypto from the worst influencer, they will search for the other influencer. And with the presence of the internet, people will get what they want, and they will have a chance to learn more about crypto. I am sure the cryptocurrency will grow in the future because many influencers will introduce crypto to the public. After people know about crypto, they can decide to use crypto or back to use fiat money.

[coolcoinz]

The Winklevi are running an exchange; and since most people know about bitcoin already, I think it's safe to assume that they shilled an altcoin to let people gain more interest and potentially them gaining more users on Gemini.

That seems most resonable explanation.
Doesnt make it right as a whole situation. I would assume Winkelvoss twins have higher standards and would do more in terms of promoting Bitcoin and their exchange.
Kinda dissapointed in them for this.

All they want to do is make money and satisfy the government. They don't care about their customers just about their own wallets and making sure all agencies are happy with the data they provide. If you ever use Gemini or Coinbase say goodbye to those scarps of privacy that you still have.

[smyslov]

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

They are already exposed as people making a living shilling low projects, the community have matured they want projects that will bring usage, outstanding platform that will supplement decentralization and peer to peer, I stopped listening or reading these influencers because their ratios are not really high.

[audaciousbeing]

In this industry, the only influencer whose opinion matter is Satoshi Nakomoto and every other influencer or celeb is just looking to make a name for himself in the crypto world. Anyone still following those guys would only find himself to blame. While it is not wrong to have someone to look up to but times without number the so called influencers have failed to live up to the expectations of being the rallying point that they are are expected to be because of their selfish interest. They cannot even manage to agree on a framework for line of action while many of them have turn to developers and members of dump and pump groups.

[South Park]

As sad as this sounds this is the only viable strategy, we cannot stop this people from shilling and promoting shitcoins as much as they want, it is up to each one of us to try to learn enough about the market to know that such an investment is not only a waste of time but also of money and that for the most part besides bitcoin there are only a handful of coins worth your attention, unfortunately this means that a great deal of people will lose all their capital investing in altcoins that have no future and they will blame bitcoin because of it generating bad publicity in the process.

It is indeed okay if sometimes we are experiencing loss from the mistakes we've done because it will teach us a lesson that we will never ever forget. And that is good because before we encounter success we may encounter first the hardships and struggles before we got the price of trying and learning by what we did. So for me we should try and try because committing mistakes can make us smarter.

But this is only true if the mistakes that you make are not catastrophic, this is why I have always thought that the most important skill that a trader should have is money management skills, we all know that even expert traders make mistakes and obviously this is even more true for newbie traders the difference is that the expert trader can limit the damage of the mistake while a newbie cannot do the same and as such a mistake done by a newbie will make him lose the majority of his capital and he will never recover from that mistake.

[dunfida]

As sad as this sounds this is the only viable strategy, we cannot stop this people from shilling and promoting shitcoins as much as they want, it is up to each one of us to try to learn enough about the market to know that such an investment is not only a waste of time but also of money and that for the most part besides bitcoin there are only a handful of coins worth your attention, unfortunately this means that a great deal of people will lose all their capital investing in altcoins that have no future and they will blame bitcoin because of it generating bad publicity in the process.

It is indeed okay if sometimes we are experiencing loss from the mistakes we've done because it will teach us a lesson that we will never ever forget. And that is good because before we encounter success we may encounter first the hardships and struggles before we got the price of trying and learning by what we did. So for me we should try and try because committing mistakes can make us smarter.

But this is only true if the mistakes that you make are not catastrophic, this is why I have always thought that the most important skill that a trader should have is money management skills, we all know that even expert traders make mistakes and obviously this is even more true for newbie traders the difference is that the expert trader can limit the damage of the mistake while a newbie cannot do the same and as such a mistake done by a newbie will make him lose the majority of his capital and he will never recover from that mistake.

No one really starts on being a pro and those noobs will eventually become better traders as they do able to get experienced as they do make up some trades.Its a matter of trial and error on which learning
would really be on the process.Some might able to withstand it and some will eventually quit and never comes back. Money management is really a great factor that can really affect ones trading or in all
sorts of investment.Influencers is one of the things that do really give out interferrence but also it can give out some hints nor ideas, it will vary on how you do deal up with those informations
that you had listened.

[Yamifoud]

This is all about money and they take advantage of their popularity to manipulate innocent people to invest. But the sad thing is that these new investors never do a search in order to find out if its true, reliable, or much have potential that is why most of them suffered losses because of their incompetency. And these bag holders are taking all the money from them, from these innocent people who are a victim of these influencers.

Anyway, it is not their fault also and they are not the ones to blame at all. Because supposedly, as an investor we have also to invest time in searching and to know more about the project that we have a plan to invest with, not just being exposed and promoted by those big names, celebs, and etc...then we have to invest for it. It is a wrong practice and must have to change.

[k@suy]

This is all about money and they take advantage of their popularity to manipulate innocent people to invest. But the sad thing is that these new investors never do a search in order to find out if its true, reliable, or much have potential that is why most of them suffered losses because of their incompetency. And these bag holders are taking all the money from them, from these innocent people who are a victim of these influencers.

Anyway, it is not their fault also and they are not the ones to blame at all. Because supposedly, as an investor we have also to invest time in searching and to know more about the project that we have a plan to invest with, not just being exposed and promoted by those big names, celebs, and etc...then we have to invest for it. It is a wrong practice and must have to change.

In my opinion, if and only if we get involve in a scam I think both parties has to be blame for the scammer's side they are the ones who's lease to blame because they are using their fame just to catch victims that are easily to persuade while on the victim's side, they are the ones who's to be blame a lot because I believe that there are no bad people who loves taking advantage other people if there is no people who are easily to persuade using flowery words and fake proofs. As an investor we have responsibilities and we should be smarter in order to avoid being a victim of scams.

[semobo]

In this industry, the only influencer whose opinion matter is Satoshi Nakomoto and every other influencer or celeb is just looking to make a name for himself in the crypto world. Anyone still following those guys would only find himself to blame. While it is not wrong to have someone to look up to but times without number the so called influencers have failed to live up to the expectations of being the rallying point that they are are expected to be because of their selfish interest. They cannot even manage to agree on a framework for line of action while many of them have turn to developers and members of dump and pump groups.

Even satoshi may not be able to influence the market because the market is not owned by him/them, he just created it as decentralized manner so no one can influence much on anything.

[South Park]

This is all about money and they take advantage of their popularity to manipulate innocent people to invest. But the sad thing is that these new investors never do a search in order to find out if its true, reliable, or much have potential that is why most of them suffered losses because of their incompetency. And these bag holders are taking all the money from them, from these innocent people who are a victim of these influencers.

Anyway, it is not their fault also and they are not the ones to blame at all. Because supposedly, as an investor we have also to invest time in searching and to know more about the project that we have a plan to invest with, not just being exposed and promoted by those big names, celebs, and etc...then we have to invest for it. It is a wrong practice and must have to change.

Unfortunately I do not really think that this is going to change in the foreseeable future and I say this because the same happens in the rest of the markets, just take a look at some of the television shows aimed at investors that are on air, you will see the same kind of behavior from those people, they will recommend that you buy a particular stock and that you hold it for a certain amount of time in order to make profits, and people follow those instructions and then they wonder why they lost money when it was obvious from the start that he was trying to lead people on and get their money for himself.

[Atiyeh]

At the end of the day, all of this is purely money-making. So you don't put your full trust on these businessmen even if they appear to be siding with the revolutionary, with that which offers the biggest disruption to the traditional world.

I have to admit my crypto portfolio itself is also not all-Bitcoin. I am also trying to make use of stronger altcoins for the opportunity it gives me. Trading altcoins is one way of increasing my Bitcoin worth.

if money comes who cares?

[Kelvinid]

I don't understand how people being a follower if someone from a very known personality says somethings.

"This project is good and profitable", "This project is promising" all have been glorified, but have we think that they are actually investing this or those projects? Not for sure, and probably because they are just being paid to attract people and to invest their project.

These called market manipulators are also the ones who never know about what they saying but just a scripted talk. They making money from it but not they think about how it affects the lives of the others and might give losses.

[shoreno]

I don't understand how people being a follower if someone from a very known personality says somethings.

"This project is good and profitable", "This project is promising" all have been glorified, but have we think that they are actually investing this or those projects? Not for sure, and probably because they are just being paid to attract people and to invest their project.

These called market manipulators are also the ones who never know about what they saying but just a scripted talk. They making money from it but not they think about how it affects the lives of the others and might give losses.

they dont need to risk a single penny if they can earn in a sure way by just promoting a coin. if you are a long time follower of those personalities you will know if they really invest on the coin or they suddenly promote the coin out of nowhere and that makes you question  .

 and based on the tone of thier words they are talking like a newbie  , you know the newbies that we see on the forum   .

[Slow death]

To be honest , here's what we need to get rid of for Bitcoin to truly be taken seriously by normal people and become the global currency :
1) An end to crazy influencers like you've mentioned

I agree, especially things like these:



they are a shame

2) An end to scams that make the news ( further making normal people to question Bitcoin )

this is a much more difficult task because there are thousands of altcoins that in themselves are already scam, but people don't realize it. then there are the ICOs with fake team and plagiarized whitepaper that are another headache that is full in the world of cryptocurrencies that make big investors move away from that market

3) An end to the meme culture where, once again , normal people see these "moon" memes and others and just think of Bitcoin as a joke

 

I agree

4) An end to crypto infighting - an example is the Eth crowd and Bitcoin maxis constantly going at each other on Twitter etc - this hurts crypto in general. I'm not saying don't debate technology - thats important , but when its meme vs meme , its a joke...

In fact, unfortunately there are many fanatics of certain altcoins that are scary, as is the case with some people from BCH and of course there are also some Bitcoin people who are short tempered and who do not control themselves and the fight never ends