do you trust social media influencers on cryptocurrencies.

[BitcoinPanther]

Honestly, i have followed lots of twitter influencers and i can say that most of them are active during bull market and goes silent when the market is dull. you see post like btc pumping, lets go to the moon and so on whenever the market turns green. looks like most jump out from Nowhere to proclaim the BTC goodness. My opinion, if they failed to inform their followers and  listeners to be careful and never to be greedy, then they are not truly crypto influencers. all they wanted to do is dump on their fallowers and move on.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing  now. Do not go all out on BTC.

Influencers are very important to a project, influencers are a marketing strategy so it's only natural that the coins / tokens promoted by them price will pump.
but not all influencers can do that, depending on the influence they exert on their followers on social media.
be careful don't be easily attracted, it doesn't mean the project they are promoting is Legit.

Indeed it is very important but the question is, as an investor do you trust them?  I am hesitant  to say yes because lots of them are being paid to advertise a certain cryptocurrency.  After knowing Mcafee,  I never believe anything what an influencer said unless I do a research on them and study that cryptocurrency.

[TimeTeller]

I have bad experiences with social media influencers, in 2018 I followed the advice of influencers and ended up having a big loss in the end.
I think social media influencers are doing promotion projects for their own benefit, sometimes the projects they promote they have bought
early at low prices. After they promote and many interested investors, they will dump the projects.

In other words, many social media influencers use investors for personal gain. So always do research first before deciding to buy coins,
and most importantly don't use all the capital we have for investing in cryptocurrency.

The main motive of these socmed influencers is indeed to gain money as much as they can.
How many influencers have you seen doing charity work and spending their money to less unfortunate people?
Not very many or should I say, very rare that you will encounter a genuine social media influencer helping other people.
Most of them are being paid by those projects they are promoting, so they don't care if the project is legit or not.
I guess, you've seen some of them posting messages in telegram offering their services in exchange of coins or fiat money.
So bottomline, I really don't believe or trust these influencers. Better trust your own instinct.

[Coyster]

Influencers are very important to a project, influencers are a marketing strategy so it's only natural that the coins / tokens promoted by them price will pump.

This is not true. I don't know how important influencers can be to a project, most of this people you call influencers or experts are only but (paid) shills and nothing more, they can't determine a projects success or failure and Investors shouldn't invest in a project cause this or that Influencer made comments about the project, at most it could be a pump and dump project and the influencers would be around during the pump, but soon when the coin dumps, the investors are left alone, with their losses.

I don't trust influencers or anyone who receives payments to talk about a project or give trading advice and other whatnots, in cryptocurrency, you must learn to do your research yourself, trust your discretion alone, cause you're the one bearing the risk in the end, and the profits as well.

[shinratensei_]

Everyone should never put their live into the risk by following what influencer said because mostly of them are liars.

Do not the fooled, those influencers are also crypto investors too, they are intentionally creating FOMO to get their own chance of dumping on people and exiting the market at the right time, safe yourself the respect and build your own strategy, there is always risks involved with crypto investments

They were wanna taking the benefits from their followers and we could take mcafee as the best example of how the crypto influencer can fool its follower for money.
This time he is getting jailed and that proves if that guy was a scammer. he got million dollars from doing varius promotions for the scam crypto.

[poodle63]

I mean, trusting social media influencer with your investment move means you take them as your financial advisor and that's just so wrong in many ways.
They might not have the capability to make the right decision and suggesting out of their guts. It's your money and you should not follow u professional advice otherwise you will bear the consequences because if anything bad happens, its you that lost your money so in a nutshell, I dont trust any of them.

[Shallow]

Honestly, i have followed lots of twitter influencers and i can say that most of them are active during bull market and goes silent when the market is dull. you see post like btc pumping, lets go to the moon and so on whenever the market turns green. looks like most jump out from Nowhere to proclaim the BTC goodness. My opinion, if they failed to inform their followers and  listeners to be careful and never to be greedy, then they are not truly crypto influencers. all they wanted to do is dump on their fallowers and move on.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing  now. Do not go all out on BTC.

I do not trust anyone of them nor ever look towards their predictions, because they are doing so for their own benefits. For example, some of them gets paid to promote projects and will say all the good things, present the good interviews they had and so on, but most of them if not all of them, don't get paid in the project's token, so if you follow whatever review they made, that's up to you. On the other hand, the other class of influencers that jumps out during a green market should be avoided totally, because it is people like them that entices their followers into chasing the green market and when it dumps, they will remind you of the need to invest your spare and so on. If I can recall too, some of them also claims to experts and it is them that gave many predictions for several coins which never worked.
Therefore, I agree with you completely, know when to enter the market be it Bitcoin or other good coins, always invest what you can afford and if you must chase the moving market make sure to use a fund you can afford to lose, such that you can hold long term if it doesn't go as you planned without being bothered.

[RussianEnglishTranslation]

Yeah, most youtubers are paid to promote projects. Even if they aren't they often use their platform to promote their holdings then they dump on you.

[gurunanakji777]

Honestly speaking hardly you will find genuine social media influencers on cryptocurrencies. As you said they come out when the market is green and disappears when the market turns bearish. This is a common thing. The market is like a jumping ball if it goes up it has to come down too So always be careful when you following the bull run blindly. Most of the influencer target to gain the follower & after that their target is to create a paid signal group and charge from the followers who are interested to get signal from them.

[Miaallen]

No one should take what a social media influencer as a means of getting information or advice on making investments decisions. Those social media influencers are paid for whatever they are to say about a project or investment platform. And you should know that whoever pays the piper dictates the tune.

[KaratX]

Social media influencers aren't doing their work for free, they are into crypto themselves and they believe they can control the masses to invest in a particular project, this isn't safe because they might crypto FOMO just to get away with good ROI for themselves, learn to depend on yourself and try to start making decisions yourself too

[plvbob0070]

An influencer marketing strategy is implemented to attract and encourage users/investors. They target a wide range of audiences for an easy process of disseminating information and promotion. Honestly, it is difficult to trust any of those so-called influences as there is a chance that it will induce you into developing a passive decision. Some of them are just manipulating their followers as they have gained their trust. Consequently, I choose to stay away from listening and believing them as I can evaluate the market situation myself or any project that I find interesting.

[kentrolla]

There are several influencers across the world in crypto community but one thing for sure is no one has the ability to predict the exact price, yes I agree most of predictions works that is based on the analysis like the way social media influencers are sharing their opinion. Crypto is not like stock market many so called experts have failed on their predictions so it's always better research on our own rather than trusting others. If money is involved automatically risk has been involved so never ever trust anyone in this community.

[Pito001]

You should always do your own research. If famous person posting that this project is good when he probably was paid for it. Think about it

[Princejebs]

Half of social media influencers are shillers, that's the fact.
They most of the time hid behind bitcoin and stylishly promote other altcoins which they hold bags and when this market pump, they sold and leave you hanging with loss.
Telegram crypto signals aren't excluded, I make sure I look at their content as educational and not Financially.

[sangkler11]

Honestly, i have followed lots of twitter influencers and i can say that most of them are active during bull market and goes silent when the market is dull. you see post like btc pumping, lets go to the moon and so on whenever the market turns green. looks like most jump out from Nowhere to proclaim the BTC goodness. My opinion, if they failed to inform their followers and  listeners to be careful and never to be greedy, then they are not truly crypto influencers. all they wanted to do is dump on their fallowers and move on.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing  now. Do not go all out on BTC.

Influencers are very important to a project, influencers are a marketing strategy so it's only natural that the coins / tokens promoted by them price will pump.
but not all influencers can do that, depending on the influence they exert on their followers on social media.
be careful don't be easily attracted, it doesn't mean the project they are promoting is Legit.

Indeed it is very important but the question is, as an investor do you trust them?  I am hesitant  to say yes because lots of them are being paid to advertise a certain cryptocurrency.  After knowing Mcafee,  I never believe anything what an influencer said unless I do a research on them and study that cryptocurrency.

yes I also not fully believe with influencers, they promoting because there get paid not based on the quality of the project.
therefore I said, project that promoted by influencer is not necessarily legit.

[n0ne]

Social media influencers are self made people, but beyond certain point they serve as ambassador to different services and products with their popularity. So, these people doesn't have any influence over the cryptocurrencies. Most of the time these people without understanding the core value promote projects just for money. Believing the words of these people, more investments were attracted by lot of scam projects.

[Cling18]

Most social media influencers are just being paid to promote or endorse something so it's really hard to trust them. Some of them are just spreading fud for referrals which will only be beneficial to them. They might be a few numbers of trusted influencers but I guess it's still better to do our own research than to rely on social media influencers.

[akar87]

Social media influencers is the way how to promote some project and make investor interested, without Social media influencers many project failed because investor do not know how development of some project and how going so far with road map and listing coin. Maybe with media social give positive impact how ICO and investment coin can increase to higher price by investor excited, without investor and media social project investment is nothing.

[imstillthebest]

They not need to make a noise when btc is at its bull because people will already know that by themself but the best time to show up and encourage people is when the market is in bear because if people will buy the market will recover and boom

 They can still make a profit that way but with less effort .

 If influencers are confident enough that their followers are going to stick with them and follow them , they won't be afraid to do crazy things but if influencers are caring to his followers he will only influence them in a fair manner .

[youdacapt]

The crypto currency investment space is a selfish market where you have to trust only yourself, so listening or following social media influences decisions on a coin is not good at all. You need to be independent when making investments decisions
Always do your own research