Crypto influencers be like

[Huppercase]

If you look closely, it's no longer news that crypto has boomed this year and the market cap has climbed tremendously, but this is due to institutional investors' money, which owns around 60% of the money in the market capitalization, and these influencers are not left behind. They all made their own contributions, but it has become a trend for these influencers to join the club of getting quick money from shitcoin, and they do so with the help of their followers, which is rather horrible. Only a fool would take advise from Twitter without evidence.

[Desmong]

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.

This can of thing happens every day on social media. Every investors have to be smart when investing in a particular coin so that they will not end up creating a Volatility that will end up with loses. Majority of influencers have different ways if influencing the price of a coin then later, they'll gonna dump it for the weak investors. We don't have to fall for easy trick that can end up crashing our investment.

[Eureka_07]

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.

There are a lot probably. But not all influencers are like that. They became one of the most important 'asset' of a project since they are almost always able to encourage (shill) the project to their followers. It becomes easier for the devs since there are also lots of "blind" people that follows these influencers that they will here and probably obey what these influencers are saying. 
One solution probably to avoid being a victim of this kind of fraud is just learn and don't follow this people when it comes financial things.

[Rengga Jati]

Isn't this exactly often happening in this crypto industry?
Most influencers only focus on the money, not on the projects. Moreover, if they do not know the crypto industry so much, they will do many things in order to get money from this by using or utilizing their followers.
Only a few influencers really cares about the crypto industry and also really cares about their own followers by promoting good or promising projects, and not doing that kind of pump and dump.
But, this is rare enough.

What we need to do is by making ourselves aware enough, wise, and also smart in choosing every new project. Although we may be one of the fans, it means that we don't need always to follow our favorite influence.
there must be self consideration and also thought based on reality, logic, adn also wisdom. Moreover it is about money.
But if we really know how to do it, we can also utilize this kind of pump and dump to earn profits, high profits, but of course, this will be very risky.

[Peanutswar]

Many people use their popularity to influence other people with their wants so they can essay manipulate other people unless those people are aware of the things they are doing and the activity did not go well. Some influencers just want to involve with the crypto to manipulate some of their followers and try to take advantage of investing with this by just supporting them. Just idolize them but not be a follower of their wants.

[CryptopreneurBrainboss]

but it has become a trend for these influencers to join the club of getting quick money from shitcoin, and they do so with the help of their followers, which is rather horrible. Only a fool would take advise from Twitter without evidence.

Well then majority of the investors currently in the market are fools because they're easily getting influenced by social media especially twitter. The NFT pumps are getting cried out on twitter as major sports players are coming into the space with their NFTs causing fomo. Recently project focused on metaverse starting pumping because Facebook showed interest in the trend.

The market is still very new and can be easily manipulated, Meme coins are getting pumped on this platforms and speculators aren't verifying the information before investing. The most popular now is Shiba Inu going to $1 all over YouTube immediately you open and want to watch some useful crypto related videos.

All this has contributes from influencers and whether we like it or not they're definitely having an impact on the market but we all know how this will end. Well lets wait for the bears to take over and watch how this hyped shitcoin disappear.

[sunsilk]

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.

Yeah, it was like that. The coin of the day and everyone would rush to buy anything that he tweets and that's why he's getting more offers because of the pump and dump scheme that he has done.

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.

I think I'm not confused about John of being offered with money for promotion. I also knew that Andreas has been offered with that amount. Maybe I was confused about the exact amount that was offered to John before.

[Rabi3]

In short,



In deep,

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


Inb4 thread deleted because no original write up 

that's all they do, most of those influencers nowadays have nothing to do with crypto, they just posting about it for money, they showed no sympathy for their fans,  it's all about that cash, promoting random tokens because some devs offer them some money,  and most of the times devs and influencers are the ones securing the bag.

[Rikafip]

I think I'm not confused about John of being offered with money for promotion. I also knew that Andreas has been offered with that amount. Maybe I was confused about the exact amount that was offered to John before.

If John was offered 10 BTC to promote HEX. I am sure that he would do it. I just don't understand what was the guy (probably Heart) who offered Andreas Antonopoulos that amount of money thinking, that he would sell his reputation for that amount? It was really shot in the foot.

[isaac_clarke22]

~

I mean they're influencers in whatever they got popular from. Just like what King Theoden said

You have no power here.

The least and the best they could so is just make their follower invest to whatever they are shilling. They are just influencer to their specialization, but that does not make them a good investor here in crypto.

[Oceat]

that's all they do, most of those influencers nowadays have nothing to do with crypto, they just posting about it for money, they showed no sympathy for their fans,  it's all about that cash, promoting random tokens because some devs offer them some money,  and most of the times devs and influencers are the ones securing the bag.

It's all about the money and nothing else, I've seen some Hollywood stars promoting crypto without even knowing what they were promoting and they didn't seem to care if the price went down, all they care about is their image but they didn't know that most fans are crypto fanatics too. What a shame influencers just grabbing something just because it paid good for them but they don't know what they were advertising, so it's like advertising a future scam if the token/coin is not yet listed in the exchange.

[Darker45]

I don't understand. Is she not allowed to sell her tokens? She was, right? So why the fuss? Influencers are hired personalities. They don't necessarily care about the future of any project they promote. They care about their payment. They were basically paid so that a certain shitcoin reaches a larger audience. But they don't care whether the project will be successful or not. They care that if they are being paid in the project's token, they will be able to sell them while they still have value. And that's what she does, right?

If the devs eventually realized that 1% is too huge a chunk of the total supply for her alone, then it was not her fault. The devs had the option to lock the tokens but they didn't. So she had the freedom to dump them all at once. If I were also an influencer, I might also dump them. To hell with those shitcoins. Dump them while they still have value.

By crying that what she did was killing the token, the devs are in effect admitting that the project is weak and the token does not have a strong demand.

[libert19]

.. just idolize them but not be a follower of their wants.

Idolizing itself is root cause.

?

The most popular now is Shiba Inu going to $1 all over YouTube immediately you open and want to watch some useful crypto related videos.

$1? Wow, they seem to throw things like mcap, supply out of window

[Rengga Jati]

I mean they're influencers in whatever they got popular from. Just like what King Theoden said

You have no power here.

The least and the best they could so is just make their follower invest to whatever they are shilling. They are just influencer to their specialization, but that does not make them a good investor here in crypto.

And most of their followers will always follow what they are doing with very high trust that they will be also as successful as the influencer 
So sad to know this but in fact, if they are dumb followers, they will always say that whatever is done by their influencer is the best and they will follow it. So funny again.

And in the crypto industry, this relaly doesn't work.

[GeorgeJohn]

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.

analysing this theoretically i want to understand the aspect of influencer's paid promotores, this area of terms is complicated, because  emphasising on promotores they are the one that is in charge of sector from my own perspective, because they belong there..so who are influencer's? This both party is doing a related function in order to bring their images in reality, actually they are working for payment which i know is their objectives.

[Rikafip]

By crying that what she did was killing the token, the devs are in effect admitting that the project is weak and the token does not have a strong demand.

Devs are completely incompetent and if she didn't screw them over, they would do the same to those who would buy that meme shitcoins. In short, they got owned by the shady twitter "influencer".  I mean, who nowadays gives marketing tokens that are not vested? Shitcoins, pure and simple.

$1? Wow, they seem to throw things like mcap, supply out of window

Haha yeah, just a clickbait titles. Talking about SHIBA, few weeks ago I had an argument about with one guy i know IRL about it; he claimed that it will soon reach $0.01. Then I did some quick napkin math showing him that in order for SHIBA to reach that price, mcap would be x4 bigger than of Bitcoin, which is just crazy. That didn't change his mind though as he still think it's possible. But you know the saying, "everything is possible if you don't know what you are talking about".

[dbc23]

Crypto projects can't survive without influencers at times mostly for new projects with good solutions. This where trading with caution comes in handy. Without influencers some good projects dies off because the lack investors. Been risk conscious for each crypto hype will save a lot of future losses and serve as a guide to quality investment plan.

[traderethereum]

Crypto projects can't survive without influencers at times mostly for new projects with good solutions. This where trading with caution comes in handy. Without influencers some good projects dies off because the lack investors. Been risk conscious for each crypto hype will save a lot of future losses and serve as a guide to quality investment plan.

The influencers help the crypto project to attract attention from people and some of them are the investors that willing to join with them and make a profit from the project.
If the influencers can give a good presentation about the project, that can make many investors invest in their project and achieve their goals sooner or later.
So without the influencers, it is hard for the project to grow and get more investors.
But we need to be careful with the influencers because sometimes, the influencers can spread fake information, so we need to find out more information about the project.

[Mpamaegbu]

That was how I bought a token during my noob days because Floyd Mayweather, the boxer, was used  to promote it. It later turned scam. But Mayweather is still walking a free man today while investors counted their losses. I learnt my lesson the hard way when that token turned scammed. That lesson is NEVER ever buy any crypto because a known face is promoting it.

In my few years in this industry, I have come to realize that:
1. Crypto growth demands patience
– forget what's happening now. We are in a bull season and that's why people are pulling out profit easily. Wait for the bear season and find out the true believers. There's always silence when that time comes.

2. Never invest cash you will miss in cryptocurrencies.

3. Do Your Own Research (DYOR) before investing in any project. Don't rely on influencers to do the picking for you.

[TheKernel]

I just checked, she only buys meme coins. 2021, what a year. Imagine what 2022 is going to be like.