Stay away from crypto influencers

[timerland]

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

Yeah completely agreed.

Use your common sense - why would someone be so anxious to tell you exactly what to invest in, even if it's just a passing remark.

It is clear that people have their own agendas and are often paid to say certain things to the public. A lot of these influencers are completely ruthless and lack moral code, and I've seen countless times where well known youtube influencers (e.g. Bitboy crypto) have just hyped up worthless garbage, and as soon as retail buys up, he dumps it on their head.

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[BioFrog]

I totally agree we absolutely must not follow the various crypto influencers on social media, sometimes they guess others not, no one can predict the future, you have to create your own strategy by learning to follow the evolution of a new altcoin through the graphs and the various news released by the development team

[Xal0lex]

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

Most people think there are kind and popular people in the crypto industry who have a large audience and these people want to help make money with this large audience. In fact, these people want to make money with the help of their large audience. Any Influencer who talks about any project is not an enthusiast, this is an interested person who promotes what he was paid to do. That's how all sorts of dubious NFT, GameFi projects were promoted. People found out about them through youtube, discord, instagram from influencers and believed that if such a person talks about a project, it means it's worthwhile. Always do your own research, not blindly follow someone else's opinion.

[dunfida]

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

Most people think there are kind and popular people in the crypto industry who have a large audience and these people want to help make money with this large audience. In fact, these people want to make money with the help of their large audience. Any Influencer who talks about any project is not an enthusiast, this is an interested person who promotes what he was paid to do. That's how all sorts of dubious NFT, GameFi projects were promoted. People found out about them through youtube, discord, instagram from influencers and believed that if such a person talks about a project, it means it's worthwhile. Always do your own research, not blindly follow someone else's opinion.

When you are just a noob then you would really likely to fall out of these traps but if you are someone who do really loves on verifying everything via your own research then you would really be able to save up your ass

with these things which is really very rampant or really been flooding on this market thats why you should really be careful on who you would really gonna believe but as much as possible its better to stay away with
these fellas.They are just shilling out something with having that intent behind.

Stick with your own actions basing with your own analysis.

[Pterosaur]

There are few good crypto influencers on YouTube follow them and they will never lead you astray but apply your own wisdom too, some projects have good use case but how they handle their marketing is very bad, watch out for them on your own.

[iv4n]

I wish everything was so simple, but it's not really like that! Influencers have a lot of followers, even though I’m not active on social media I read about it and see what happens! Perhaps for us crypto enthusiasts Elon Musk is the best example, he raised Doge where it's now and his tweets work wonders in the crypto market! It's what influencers are doing actually, they are moving the market with the help of faithful followers!
It's good to be aware of what's happening around, I don't follow any influencers, but they are doing their thing, and I guess we need to consider them as an important factor in some situations! With enough followers influencers can make changes, I am aware of that, it's reality!

[Vaculin]

I bet 99% of those influencers don't even know what blockchain or crypto currencies are. They don't even know what they are promoting. They get paid, they start saying scripted shit about how cool that coin is and how fast it can make you rich and so on. And sadly there are people that follow those influencers and falls for their trap.
Even if you are following an influencer that makes legit contents, make sure do your own research before making any investment or you will end up losing everything.

The basic rule when you start investing is you do your own research. Even if there is someone who can possibly mentor you, but you cannot rely for him forever. At the end of the day, your own decision making will always matter.

Crypto influencers are really rampant in social media and in fact a lot of people have been following them but you can't guarantee them your future because their focus is not yours, but on their own goal to get a good income. So whatever happens to your investment the moment you trust them, they will not be liable for that, you will be the one to find solutions to your own problems.

[lienfaye]

I bet 99% of those influencers don't even know what blockchain or crypto currencies are. They don't even know what they are promoting. They get paid, they start saying scripted shit about how cool that coin is and how fast it can make you rich and so on. And sadly there are people that follow those influencers and falls for their trap.
Even if you are following an influencer that makes legit contents, make sure do your own research before making any investment or you will end up losing everything.

The basic rule when you start investing is you do your own research. Even if there is someone who can possibly mentor you, but you cannot rely for him forever. At the end of the day, your own decision making will always matter.

Crypto influencers are really rampant in social media and in fact a lot of people have been following them but you can't guarantee them your future because their focus is not yours, but on their own goal to get a good income. So whatever happens to your investment the moment you trust them, they will not be liable for that, you will be the one to find solutions to your own problems.

Indeed. These influencers are earning money through their videos and not because they are concern for us to invest in a worthy coins.

There's nothing wrong to watch and listen to what they have to say but its not wise to based your decision to invest in a particular coin because of their suggestion. Its best to do our own research and stop relying to anyone, even to people who called themselves as "experts" in crypto.

Its our hard-earned money that we'll going to invest so its just right to be careful in making decision.

[llecrf]

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

It's a marketing strategy carried out by the development team and they pay influencers for it, I always look at it from a different point of view, like some new projects that are trying to get investors by doing promotions on some of their youtube channels, it's something that normal, but if they promise a number of benefits, then you can see the products owned by the project before investing, DYOR will make you take wise decisions when investing

[mdzahed134]

influencer is one part of the crypto world, the popularity of crypto will not be a trend today if not with the help of the influencer's popularity to introduce it to the public. So it's best to suggest people to do their own research if they want to invest in a crypto project.

I agreed, they're a part of the crypto community but i see a lot of influencers who promoting scam projects just because of they getting money to promote such projects. Many people follow him and invest here but at the end of the day they will be lose their hard earned money. I following a few influencers on Twitter and YouTube, those guys promoting real projects. But we should invest in any project by own researches.

[gurunanakji777]

Yes, One should always stay away from the crypto influencer as we all know most of them are paid to speak So there is no point to trust them blindly. If you are following anyone I would suggest always due diligence on your end also before taking any decision because we ourselves are the best analyzers. Any kind of promise of 2X or 5X is totally baseless and should not be trusted by such guys who promise.

[Rasa nanas]

influencer is one part of the crypto world, the popularity of crypto will not be a trend today if not with the help of the influencer's popularity to introduce it to the public. So it's best to suggest people to do their own research if they want to invest in a crypto project.

actually there is no problem with crypto influencers because they only promote the project to be known more widely, but there are some crypto influencers who deliberately promote scam projects to deceive investors and they will get paid. In other words crypto influencers have a good effect on the crypto world but can also have a bad impact. what you say is true the main thing is that we must believe in our own research to avoid scam projects.

[trendcoin]

I agree with this generalization. It would be a big mistake to listen to the advice of someone who puts a contact address for advertising and collaboration on their social media profile. You should definitely stay away from cryptocurrency influencers. There are certainly good people among them. But they are very few in number. In general, they seem attractive to novice investors. Everyone, especially novice investors, should stay away from them.

[TWW]

I agree with this generalization. It would be a big mistake to listen to the advice of someone who puts a contact address for advertising and collaboration on their social media profile. You should definitely stay away from cryptocurrency influencers. There are certainly good people among them. But they are very few in number. In general, they seem attractive to novice investors. Everyone, especially novice investors, should stay away from them.

because most of their Influencers have interests for their benefit. like buying coins in a dump condition then they make news and reviews of the coins purchased for followers to follow.
after a lot of buying and the price starts to rise, he will come out and make the price collapse. when that happens, won't that trap their new followers who are late in selling?
many of those who get stuck with this kind of thing are beginners. but those who are experienced will understand how they will benefit from the hype built by influencers.

[chaser15]

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

Not all are being paid to promote projects. It's just that these influencers want to make money by themselves by gathering lots of viewers on their Youtube channel.

It's always the case as some projects don't hire influencers to chill their project or company.

These people who watch that kind of video should be educated. These Youtubers are not the ones to blame but to those people and viewers that want easy money so every suggestion they are receiving, they will do it right away.

[Republikcoin.com]

so the only thing was learn learn and learn so we could be influencer by ourself. influence to not following people decision and influence to make our trade be better due more observation and research.

Relying on other people or their words is not a good option for everyone to implement because everyone has eyes to see every important thing, and have ears to listen to useful explanations and have brains to think good things before investing and trading in the market because all things in this world are always accompanied by no small risk.
So obviously need observation and research before deciding to choose something.

[ardydyon]

I agree, most crypto influencers nowadays get paid to promote the newest coins.
so that people watching will follow in the footsteps of these influencers to buy the coins they promote.
these influencers are sometimes not part of the team, they will promote the coin if someone is willing to pay for them. so there is no attachment to the team.
that's how they make money.
this method is very good because currently many people are accessing youtube to look for good coin references to buy.
you should do your own research on the coin.

[yazher]

Just like NFT games influencers, these people are no good at all, they will just pretend to be telling the truth from their own experience but in reality their just give their baseless opinion where you gonna believe and follow whatever they said. You better not to listen to them to save yourself from confusion and not to rely on their so-called expert tips. You just need to do your own research and everything will be good if you take your time before you start to invest.

[Dr.Osh]

Well, it's no wonder they sometimes promise something that sometimes seems exaggerated because some of them are paid for it, and others are for content purposes. however, it's okay to look for explanations, or research on youtube, but youtube is not the main source for doing in-depth research on a coin. if you are doing research and looking for information on the development of a coin, try to look live on their telegram, on discord, and where people are talking about the project. Besides, we shouldn't choose coins based on what they describe, because we don't know what kind of research they do, moreover you are taking all the risk. a lot of people pretend to understand something to make them look cooler, or things they make other people talk about. well, this is just a suggestion, but it's best to do your own research, and don't pick a coin because of someone else.

[Mario Vella]

I think YouTube might be a good source of information for beginners BEFORE investing. Just learning about cryptocurrency in general, basic topics like what is blockchain, liquidity pools, PoS vs PoW etc. But they shouldn't completely trust a single Youtuber as their investment guide as mentioned by many above.