do you trust social media influencers on cryptocurrencies.

[BayAngelo]

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.

[mersal]

Cryptocurrencies are decentralized so you are not supposed to anyone's prediction whether it is bullish or bearish because they also the same as you when it comes to cryptos, they just pretend to know everything to make them more attractive and gain a few more audience because that is how celebrities are making money so don't give them chance if you don't want anyone to become such one.

[Awalt541]

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.

Be wise.
Those influencers jumping in to pool of crypto, which mean they must post good things about crypto.
Did you aware from other side? They trying reach followers related for bitcoin and in final step, they promote such project for money not cause there are real of volunteers or enthusiasts of cryptos, that’s was business.

[blockman]

A good influencer is that he always makes sure to give advice and keeps on reminding his followers that it's not financial advice and there's a risk for every action that they do. A shill influencer is only making his pocket full when he used to advertise repetitively a project that he seems to be paid and it's part of them being an influencer. Those promotions are normal for them and you as a viewer and follower, can just skip those things and just always go to the main point of that video you're watching.

[bekti3]

for me influencers can't easily say that bitcoin will go up, so they encourage their followers to join in and follow what he has to say. Remember that we are traders, where a trader has his own principles. If you only follow when the influencer brags, then what if the influencer is silent? is our trade also silent?
plus you say that "they are active when the market is bull and silent when the market is sluggish". How is it different today when the news on television finds out that bitcoin price has crossed $ 30.000 and is silent when bitcoin is priced at $ 10.000?

[Ryushin]

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

[republicrypto]

sometimes yes, but sometimes no,
because i only believe with my own opinion buddy, sometimes a social media influencers will always talk a good words for a project that paying with a good amount of money
regards

[FaucetKING]

I was following an influencer and a well known guy which was facing some hard days back in 2017, he's McAfee. He was shilling privacy coins and he was buying and holding big bags of them before any tweet. The plan was to shill these coins and dump them later to his followers, people were fomoing and buying insanely, he did it a couple of times i think. I was following crypt0 on youtube and omar turned to be a good and an honest guy. You should know whom to follow before giving your trust, that's my advice.

[Debonaire217]

I don't really think that we could trust social media influencers on crytocurrencies because endorsements are all about business regardless if they really know what they are promoting. It is hard to believe what social media influencers are promoting because some of them are not really educated of what thay are promoting. Advertisments always deceive us.

[cabron]

There is a price for every tweet they do. I remember someone leakan information about how much was paid to John Mcafee to shill a coin thru his tweet. And influecer is paid to do what they are doing as its a marketing gimmick for the team.

A new company like a team that will release a token will do everything to make their product widely known and hiring an social media influencer is on of the best practice this digital age.

[XCANA]

Why on earth will i trust someone who is paid to make some fomo about a particular project?, they are not to be trusted becasue they are doing something they don't believe in. Social media influencers has done more harm to gullible cryptocurrency investors than we can debate, they sometimes ago made me loss something i cherish in 2017, so, i hate them when they pretend to preach what they don't believe to followers in order to get rewards from the pay-master. Whenever i see a project be promoted by a social media influencers then no way for me to make investment with such project.

[shoreno]

i know so many bad influencers and they made me think that the term influencer is bad . i thought i will only experience that on other social media where no crypto is involved but you made me realize that they also exist in crypto niche but if theres bad there must be few that are good . a good influencer will show good stuffs only and if its in crypto , they will teach their followers if what is it and how does it work so that followers know what to expect . true good influencer gives updates from time to time and not just if when the market is healthy .

[pealr12]

Before when I was a newbie and don't understand anything yes, I use to follow a couple of then on YouTube and I have also made some profit among the suggested projects from them, but I have long stop following influencer, this forum is enough for me to get all I need to know.

[bttmember]

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.

Yeah, I also do not like people who just keep shouting about bulls and moons especially when they have been proven wrong dozens of time now as we have entered into a bull market even a kid can tell that top coins will moon so no surprises.

[adzino]

Trust the social media influencers? No you shouldn't. High chance they are getting paid to promote a shit project or coins. They will shill as long as they are paid. Everything they say is scripted written by those payers. Around 99% of those "social media influencers" know nothing about the project they are promoting.
I would stay stay away from them. Most of those influencers are scams. Funny (but not surprised) how we see those influencers getting exposed daily.

[serjent05]

My Simple answer is a big No.  I don't trust them but I consider their input and weigh if there is truth in it since there is no harm in having more information to verify.  Most of the influencers are paid shills or have a motive behind hyping a certain kind of cryptocurrency.  That said, being paid/self motive already beat the thing called being unbiased.

[crzy]

Nope because that’s too risky and not all influencers will share their thought about cryptocurrency seriously since some of them will do that for the sake of money. You have to know cryptocurrency on your own and don’t just listen to the hype of anyone and don’t invest out of FOMO. Cryptocurrency is very risky and if you keep on depending to anyone, then you might lose the money again.

[Argoo]

for me influencers can't easily say that bitcoin will go up, so they encourage their followers to join in and follow what he has to say. Remember that we are traders, where a trader has his own principles. If you only follow when the influencer brags, then what if the influencer is silent? is our trade also silent?
plus you say that "they are active when the market is bull and silent when the market is sluggish". How is it different today when the news on television finds out that bitcoin price has crossed $ 30.000 and is silent when bitcoin is priced at $ 10.000?

Influential persons are people like us. Cryptocurrency is still a new phenomenon in our life and we are all just gaining experience in it. The opinion of the so-called influencers can be heard, but this should not be a guide to action, but only as a recommendation of one of the members of this market. We ourselves must analyze the current situation in the cryptocurrency market and there should be no authorities in this.

[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.

[MCobian]

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.