Stay away from crypto influencers

[AakZaki]

My view for now is that there are many influencers who promote certain tokens or projects for their own financial gain and may not consider the interests of followers, For example by sharing links which may be risky to visit especially for those who are new which indirectly has negative consequences without realized. Although they sometimes provide valuable insights and information to the community helping to ensure that one makes the right investment decision and turns a profit.

They only think of their profits not entirely for sharing information. Besides benefiting from the links or coins they recommend. Influencers also earn from the number of views on YouTube and increase their subscribers.
And they also have groups that they recommend joining. The more followers they have, the easier it is to earn money.

[1714858150]

1714858150

[1714858150]

1714858150

[1714858150]

1714858150

[1714858150]

1714858150

[1714858150]

1714858150

[petulino]

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.

You are absolutely right, I myself have been watching videos of different YouTubers on YouTube for more than a year.YouTubers on YouTube tell you about different cryptocurrencies and every YouTuber will tell you about 10 to 15 different types of cryptocurrencies.He tells you thousands of benefits of that cryptocurrency.And asks you to buy these cryptocurrencies at different prices.I have bought as many cryptocurrencies at the request of these YouTubers. Their price is seven times less than the purchase price,And my capital is stuck.The price is decreasing on daily basis instead of increasing.

It is better that everyone should do their own research and invest in the best coins at the right time rather than investing in a cryptocurrency after watching a YouTuber's video or at their suggestion.

[SirLancelot]

Influencers job is to attract ordinary investors to any new project or coin offered by project owner. Influencer get huge amount of money through this work. They may also provide fake news for exaggeration at times to promote any new project. But here an investor has to exercise utmost caution. Usually when influencers do promotions they want to convince you of certain things so that you are encouraged to invest of that particular project. Remember that influencer promote a project for his personal interest. You will never get those influencers after investing. So should not invest in any project or coin by the Influencers word. One should consider the risk factor and other factors before investing any project.

Maybe there are extra ordinary investors who will join the ride. They know that they can earn a profit out of those tokens if the hype attempt is successful. They, the influencer and the project owners are the only ones that can benefit but not the ordinary investors. They are only like an instrument that are being used to fulfill those people's dreams. This is the sad reality. Speaking of the amount paid to influencers, it will depend on different factors.

Sometimes it's based on the number of followers and sometimes its commission based or based only if how much the money gathered by the team. We can always report these influencers so that they will be banned on the social media platform and maybe they will be in jail too. Worse is some of them can get killed. They need to consider the risks more than the investors.

[petulino]

They only think of their profits not entirely for sharing information. Besides benefiting from the links or coins they recommend. Influencers also earn from the number of views on YouTube and increase their subscribers.
And they also have groups that they recommend joining. The more followers they have, the easier it is to earn money.

Often they will also tell you that the price can go up from here, and if it doesn't go up, then it can go down.And then whatever direction the market goes YouTubers will give themselves all the credit that we already told you.

You will be told about so many cryptocurrency coins at a time that one of them increases in value.And then YouTubers will proudly say that I mentioned this coin before.This is their way of earning from YouTube and getting good money from projects.It is better to read each project carefully and in detail and then make the investment.Self-effort will also give you experience and you will not face any difficulties in the future.

[daenarys_stormborn]

I totally agree with you, we have to be more careful and not be too quick to trust influencers who promote a coin, because it's no longer a secret that these influencers are paid to promote the coin

[uneng]

We can always report these influencers so that they will be banned on the social media platform and maybe they will be in jail too. Worse is some of them can get killed. They need to consider the risks more than the investors.

Hardly ever these influencers are going to be banned from social medias or are going to be punished by an authority, because they adopt some protective measures while promoting the scams. They always put a warning message on their videos with sayings like: 'invest at your own risk' or 'this video isn't financial advice'. They don't take any responsabilities for investors' losses and technically it seems to be fine for the legal system.

[Dr.Osh]

Why matters with crypto influencer? If They give better information why not .

there is nothing wrong with them, but you need to find out the truth of the information they convey, because sometimes there are enough crypto influencers out there who are paid to advertise a project that has little potential, or maybe even a scam. Also, it's better to believe in how you do your research rather than hearing research from other people. it's fine to listen to just looking for information, but you need to confirm that with information you get from other places. Well, even when people ask about a project in this forum, there will be lots of people who will give their honest response about a project. In any case, believe in yourself, and don't take information from elsewhere with 100% confidence. you need to do your own research.

[huu78]

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 is true that some influencers may receive compensation for promoting specific projects or tokens. This can create a conflict of interest and potentially lead to biased or misleading information. Investors should be wary of overly optimistic promises of returns or guarantees made by influencers without thorough analysis and research.

[bitkanu]

Why matters with crypto influencer? If They give better information why not .

that's a big IF, sometime the influencer just outright misleading since they have ulterior motive, the difficult part is differentiating between the real information and some shill.
you could be very well just become an exit liquidity for them if you just blindly follow their financial advice.

[Andrija Branislav]

I think the benefits of influencers are definitely there. Reputable and knowledgeable influencers in the crypto space but there are also downsides for example influencers may have a conflict of interest while promoting a particular cryptocurrency. They may be paid or given incentives by the project team or stakeholders.

Yes. Acts Promote projects without disclosing the fact that they have a financial interest in them. This can lead to biased or inaccurate information being presented to their followers and lastly, influencers may not have the necessary expertise or knowledge to provide reliable financial advice. While they may have a large following and seem knowledgeable about crypto,

[Bolivar_Tony]

you are actually correct about the paid crypto influencers, though there are many of them in the industry but there are few they that are genuine and give their honest opinion about coins and other stuff, those ones normally stated it that this is not a paid but honest reviews and you should be know that investing is risky. we have such people a lot during the ICO era

[Inspiron14]

Why matters with crypto influencer? If They give better information why not .

that's a big IF, sometime the influencer just outright misleading since they have ulterior motive, the difficult part is differentiating between the real information and some shill.
you could be very well just become an exit liquidity for them if you just blindly follow their financial advice.

That is part of the strategy they make, remember influencers are also human and humans have greed,
if I were an influencer of course I would take advantage of my number of followers to be able to Fomo market,
yes that's what they do, they want Fomo market and what does it do hold becomes profit.

[Ngemmeng]

there's nothing wrong with listening to or watching crypto influencers because you can get information, but to determine whether a recommended project is worth investing in or not you have to do your own research. I often say that your money and investment is your responsibility, not the responsibility of crypto influencers. so be careful when investing!

[woez]

In plain view content creators sometimes provide valuable insights and information to the public in helping to ensure that a person makes the right investment decision and turns a profit. but, my view is that right now there are many influencers born and trial and error who promote certain tokens or projects for their own financial gain and may not consider the interests of followers, the references are just read and read, either copy and paste on telegram or grab it on chanel people keep on sharing their links which may be risky to visit especially for those who are new which indirectly has negative consequences unknowingly.

[v3liana]

True! All of the influencers just care about their own pocket. Maybe there are some really honest influencers but not more than 10%. All we can trust just ourself, since i joined this investment i never trust all of the influencer most of them just promote the shit coins.

[panjay]

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 In the past I used to follow influencer calls blindly, it's on Twitter though, no difference. At that time it was not saturated market where erc20 was not a common sight, the POW era where you have your own device to mining it.
But yeah, shilling something mean they have an incentive in it.

[nyashenka]

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 In the past I used to follow influencer calls blindly, it's on Twitter though, no difference. At that time it was not saturated market where erc20 was not a common sight, the POW era where you have your own device to mining it.
But yeah, shilling something mean they have an incentive in it.

Many people do not want to make their own decissions. They like to fallow famouse persons who are rich. They think that if they follow rich persons they can become rich too.

[Amejoaquim]

You shouldn't trust them, most of them just doing their work to get a ton of money from scaming us.
There so many influencers who told us to buy something new random alts, but at the end of the day we loss our money because following them.

[Smitty Werben Man Jensen]

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 In the past I used to follow influencer calls blindly, it's on Twitter though, no difference. At that time it was not saturated market where erc20 was not a common sight, the POW era where you have your own device to mining it.
But yeah, shilling something mean they have an incentive in it.

Now is not the time to follow crypto influencers anymore, it's better to analyze it yourself and confirm it yourself,
I'm sure influencers are also experiencing losses now and it's the same as us,
companies are currently experiencing losses even many exchange platforms are also bankrupt, let alone influencers?
so that's why we have to be confident in ourselves to analyze fundamentally or technically.

[Bolivar_Tony]

Totally agree but there are some  crypto influencers  that gives a genuine opinion on projects and they have established names for themself for a while, but we can't always rely on their judgment, we are the ones that should make the final judgment after we must have carried out our own research and compare with their own.