Crypto influencers be like

[libert19]

In short,



In deep,

https://mobile.twitter.com/zachxbt/status/1454199244860977152


Inb4 thread deleted because no original write up 

[cryptoaddictchie]

That's how they roll on twitter. Most influencers are paid for posting some stuff there. Imagine they got some big allocation on the supply, when those token got value, they can easily dump the price on the market. They also help in popularizing the tokens and that's their compensation.

I feel majority of influencers have this same benefits especially those who got so many followers.

[Porfirii]

In Spain (and I suppose that soon in many others too) they are about to approve a new law that regulates better than the old regulation all this kind of advertising in social media. I haven't read it yet but I suppose that some practices may end up being banned.

But how do you regulate something that is so global? it mustn't be easy.

[sheenshane]

That's how they roll on twitter. Most influencers are paid for posting some stuff there. Imagine they got some big allocation on the supply, when those token got value, they can easily dump the price on the market. They also help in popularizing the tokens and that's their compensation.

Relatively the same on Telegram when there's a pump and dump group.

I don't know why there are too many influencers that keep increasing their followers, if I have been a failure in investment because of those influencers I think that's the time I will unfollow them.  Popularization isn't easy unless if you're a celebrity but I think they should value their followers and not follow with a hype investment just because of them, IMO.

Anyway, I think this thread isn't an appropriate board.

[Stanlo]

The truth is influencers have a big part to play in this cryptoverse, even if a project have good team and utility they need to get the words out there one way or the other, pay for advertisements too and also partnerships, I don't see how this is bad it's left for the investors to do their own part and that's strict research on the project before investing

[cryptoaddictchie]

I don't know why there are too many influencers that keep increasing their followers, if I have been a failure in investment because of those influencers I think that's the time I will unfollow them. 

Anyway, I think this thread isn't an appropriate board.

They are using this method also to gain profit. Yes having followers arent easy to do, but there are some who offers way on how to increase your followers.

Some also do or join potential giveaway, like they will avail such offer by someone to increase his follower by shouting out a giveaway. Somehow this is a very fast way but the followers aren't not as unique or organic since those who followed could also un follow anytime.

[TheNineClub]

Man, shilling and crypto influencers are really trying their hardest for people to hate crypto XD But, I just can't see them going away at all. At least some of them are providing quality information and it's up to us, the consumers, to decide if we want to be led by the leash or take that with a grain of salt.

[coupable]

In Spain (and I suppose that soon in many others too) they are about to approve a new law that regulates better than the old regulation all this kind of advertising in social media. I haven't read it yet but I suppose that some practices may end up being banned.

But how do you regulate something that is so global? it mustn't be easy.

The only way to do so can be made by the platforms where they are active. For example , Facebook or Youtube can limit the activity of crypto infuencers although i am not sure if they can apply such a policy in a limited area or in a certain country (upon a demand from its authorities). If i am not wrong, Youtubers are already restricted from publishing videos promoting ICOs and fundrise events. However, this wouldn't be possible with other non-governed platforms like Telegram and Discord.
In fact , we can't deny the benefits brought by influencers to rise awarness about crypto, especially within local communities. And as it's a free-speech kind, they can be used/manupilated by companies, scammers, whales, self-greedness ...

[BIT-BENDER]

That's how they roll on twitter. Most influencers are paid for posting some stuff there. Imagine they got some big allocation on the supply, when those token got value, they can easily dump the price on the market. They also help in popularizing the tokens and that's their compensation.

I feel majority of influencers have this same benefits especially those who got so many followers.

I think they are only beneficial to the influencers only when the token do well like Shiba Inu or some other good project, I think many influencers would have a bank vault size of dumped coin if they only collect their reward from influencing a project, in the token. But they are some other influencers who doesn't take any reward or don't have a connection with the project, but are only. Concerned in giving there followers their thoughts on projects, to be they are the real crypto-currency influencers.

[sunsilk]

Devs looking for a way to be shilled by these influencers and these influencers are gaining for themselves. There's a higher payment for those with names not just as an influencer but as a celebrity.

I just remember the good old John (RIP) that has said he's been asked to shill some new projects and he's going to get paid more than 10 btc. I barely remember the price of bitcoin by that time, IIRC, it was on the range of $10k-$20k.

[mk4]

In Spain (and I suppose that soon in many others too) they are about to approve a new law that regulates better than the old regulation all this kind of advertising in social media. I haven't read it yet but I suppose that some practices may end up being banned.

But how do you regulate something that is so global? it mustn't be easy.

Pretty hard to enforce laws if there's no way to know for sure if a Tweet/post is a promotion or not; in this case we just know because the chat logs were leaked.

Also, I'm personally not for regulating almost everything and just letting the authorities hold our hand. There are some things that people simply need to learn their lesson and stop being dumb.

[Rikafip]

I just remember the good old John (RIP) that has said he's been asked to shill some new projects and he's going to get paid more than 10 btc. I barely remember the price of bitcoin by that time, IIRC, it was on the range of $10k-$20k.

McAfee  was wiling to shill just about any shitcoin that offered him enough money. Iirc, he even had something like "altcoin of the day" series of tweets in which he shilled one altcoin each day. So if someone offered him 10 BTC (when price was in 10-20k range) I am pretty sure that he would accepted no matter what kind of scammy shitcoin it is.

By the way, are you sure that you didn't confuse McAfee and Antonopoulos? I am asking because because he is the one that was offered 10 BTC to promote that ponzi scheme HEX and to help them appear more legit, which he refused of course.

That's how they roll on twitter. Most influencers are paid for posting some stuff there. Imagine they got some big allocation on the supply, when those token got value, they can easily dump the price on the market. They also help in popularizing the tokens and that's their compensation.

Not just on Twitter, it's the same situation everywhere, but Twitter is probably the most popular (and efficient) way to promote. And basically everyone is doing it, both legit and scammy projects, that's just how it goes on the crypto market. The only difference is that legit project will give tokens that are locked, and released periodically (6-9 months) they  can't be dumped instantly, while shitcoins like in the OP example don't care much about that and will give their tokens under any circumstances.

In short, trust no one.

[jrrsparkles]

And many of the athletes starts doing it, I can see them they are shilling for some shitcoins on instagram and twitter but I bet they have zero knowledge about what they are promoting anyway they are getting paid for what they are doing so we can't blame them but people are are reacting to them to be blamed, who knows if a celebrity ask their followers to eat shit because there are some health ingredients are there still people will do.

[pakhitheboss]

If they are promoting something then they are getting paid for doing that. That is how they make so much money. Those who follow them will blindly do whatever they ask. It is quite common now days that influencers are basically paid promotores.

[pawanjain]

The truth is influencers have a big part to play in this cryptoverse, even if a project have good team and utility they need to get the words out there one way or the other, pay for advertisements too and also partnerships, I don't see how this is bad it's left for the investors to do their own part and that's strict research on the project before investing

That's a good point in my opinion and I think if it were not for influencers then projects would not get the reach to their audience that they normally get these days.
Although there are many influencers who promote shit projects and also promote scam sites there are some who do promote potential projects as well.
Some do work for the money and some do it voluntarily. The best advice I would give to beginners is to do the necessary research before you invest in anything.
Although you follow influencers you should definitely look twice where you put your money at.

[Coyster]

The best advice I would give to beginners is to do the necessary research before you invest in anything.

I second that, I mean cause there is absolutely no way projects will stop using crypto influencers to promote their coins, what we must even understand is that these influencers most times do not even know if the project is a good or bad one, or if it is on the right track to success, but it's all about them making their money, which is totally understandable/fine, thus it's up to you the investor whose money is going into it, to do your own research and draw your own conclusions on the project, I for one wouldn't blame any influencer if he/she promote a project and it goes south, in the network there should be no trust, and as such if you trust an influencer and you lose in the end, then it's on you.

[roosbit]

Very misleading and careless on the part of influencers. Most are paid and act as shills to support these projects they are working for and will not side with their followers to give the rightful guidance.

[libert19]

I don't know why there are too many influencers that keep increasing their followers, if I have been a failure in investment because of those influencers I think that's the time I will unfollow them.

Anyway, I think this thread isn't an appropriate board.

They are using this method also to gain profit. Yes having followers arent easy to do, but there are some who offers way on how to increase your followers.

Some also do or join potential giveaway, like they will avail such offer by someone to increase his follower by shouting out a giveaway. Somehow this is a very fast way but the followers aren't not as unique or organic since those who followed could also un follow anytime.

Or be a (attractive) woman, they come naturally  

[UserU]

Or be a (attractive) woman, they come naturally 

And they could always have OF too. What a wonderful world we live in

[pooya87]

The only thing I see from this topic is yet another proof of uselessness of altcoins namely tokens. Because you wouldn't need to pay and beg some random brainless army to buy your shitcoin if it were useful or had any real utility. This is the only way they can gain any kind of traction in this world and attract any amount of money, by abusing the brainlessness of sheeple.