Stay away from crypto influencers

[Y3shot]

Crypto influencers play a role in providing information about crypto projects that we might not be aware of. They may be paid to feature a project on their blog, and as viewers, it is our responsibility to judge the authenticity of their statements. Once proven true, we can consider investing.. otherwise, if proven false, we have the option not to invest and may choose to unfollow them for their lack of transparency.

Some influencers they are paid just to promote a project and this influencers they do their job by hyping it which will interest investors to come for it in the market, believing in every influencers online has made so many people go into the wrong choice of investment.  Their are good influencers and their are also bad influencers,  one just have to be careful when dealing with influencers because some can lead one into a wrong project .

[1714860233]

1714860233

[Sophokles]

Crypto influencers play a role in providing information about crypto projects that we might not be aware of. They may be paid to feature a project on their blog, and as viewers, it is our responsibility to judge the authenticity of their statements. Once proven true, we can consider investing.. otherwise, if proven false, we have the option not to invest and may choose to unfollow them for their lack of transparency.

Some influencers they are paid just to promote a project and this influencers they do their job by hyping it which will interest investors to come for it in the market, believing in every influencers online has made so many people go into the wrong choice of investment.  Their are good influencers and their are also bad influencers,  one just have to be careful when dealing with influencers because some can lead one into a wrong project .

All the influencers have some kind of economic interest in their efforts and they tried to give the best one to their community as they also wanted to keep their reputation intact. If an influencer community is not getting any benefits from him then surely they will stop following him. So if any influencer is sharing only the bad projects then I need to say he doesn't have much knowledge about the industry and is not qualified to share investment information. I don't consider influencers to be bad actors in the market as they are the fastest way to learn about new projects and any new events in the vast ocean of crypto.

[uneng]

All the influencers have some kind of economic interest in their efforts and they tried to give the best one to their community as they also wanted to keep their reputation intact.

Usually they don't give the best to their community. They offer the product which developers pay them the highest sum of money to be promoted, or just the product which developers are willing to pay them to promote. There isn't any kind of filters or quality control in most cases.

If an influencer community is not getting any benefits from him then surely they will stop following him. So if any influencer is sharing only the bad projects then I need to say he doesn't have much knowledge about the industry and is not qualified to share investment information.

Besides not having knowledge, the influencer is also greedy and egoistical, because he wants to make money promoting a product he doesn't know very well, neither know how it works for real. He cares for himself, his personal gains, and nothing else. He gives a shit if his followers are going to lose their hard earned money. Ironically, they make a living from that public's views...

I don't consider influencers to be bad actors in the market as they are the fastest way to learn about new projects and any new events in the vast ocean of crypto.

If not worse than the developers themselves, influencers are equally bad. They are the vehicles or middlemen being used by developers to scam the naive and deluded public through shady crypto projects which have as goal to only enrich the people behind it, ot the topside of the pyramid. They use charisma and influence to potentially harm other people. That is disgusting.

[Bushdark]

We can always get scammed when 2e listen to influencers that have the motive of advertising fake coins and any project they come in contact wih. We have tobe very careful with our decisions because it could have great consequences on us if we don't think we'll and ask questions before we make any financial decisions. Those that had been in the market for long know how to make better decisions on the project they want to invest in. We should always make careful decision when choosing crypto projects.

[Makus]

I love this topic so much, because influencer are just one of the major causes of newbies into the crypto network losses. To my knowledge, those who follow after the advise of influencers in regards to buying or selling of any coin without their own proper research,is just a newbie trader. Because I don't see any season for letting another man's idea affect you decision when you can make yours. However coins that were advertised by influencer can still turn out to be scam project, so let's stay on guard and do your own research for better clarification.

[Y3shot]

Crypto influencers play a role in providing information about crypto projects that we might not be aware of. They may be paid to feature a project on their blog, and as viewers, it is our responsibility to judge the authenticity of their statements. Once proven true, we can consider investing.. otherwise, if proven false, we have the option not to invest and may choose to unfollow them for their lack of transparency.

Some influencers they are paid just to promote a project and this influencers they do their job by hyping it which will interest investors to come for it in the market, believing in every influencers online has made so many people go into the wrong choice of investment.  Their are good influencers and their are also bad influencers,  one just have to be careful when dealing with influencers because some can lead one into a wrong project .

All the influencers have some kind of economic interest in their efforts and they tried to give the best one to their community as they also wanted to keep their reputation intact. If an influencer community is not getting any benefits from him then surely they will stop following him. So if any influencer is sharing only the bad projects then I need to say he doesn't have much knowledge about the industry and is not qualified to share investment information. I don't consider influencers to be bad actors in the market as they are the fastest way to learn about new projects and any new events in the vast ocean of crypto.

The mistake people do have with influencers is believing everything they promote 100%, after listening to cryptocurrency influencers investors don't bother on going for more research to know if the information is correct or not. The truth is that influencers can't be totally correct in everything they say, they will also do some hyping that will interest people to come after their projects. Influencers can more about a project just for their own self gains.

[mich]

Well there is a lawsuit but it did not stop Christian Ronaldo from playing football with Binance NFT owners. Even with the lawsuit from investors seeking damages.
There is damages of more then $1 Billion that plaintiffs are seeking for his NFT. It is for the sale of unregistered securities.
https://nftnow.com/news/cristiano-ronaldos-holder-workout-shows-utility-and-challenges-for-sports-nfts/

[olib123]

The majority of the proclaimed crypto influencers are just hyping what they have bought. This is very bad for those people who are new to the cryptocurrency world.

The best is to learn it from yourself and practice trading. It would take years but worth the time investing.

[Luffygroove]

I believe God gave us the brain to think. Just like when we receive and analyze other sources of information, like media outlets or social media, we can also follow some influencers as our other source of information. We can't just follow them and literally follow their steps, even when they're jumping off the cliff. We can cross-check it with the others and draw the best conclusion from it, so we can make the next decision. Always be vigilant, peeps.

[tsaroz]

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.

The so called influencers are an advertising agencies. They use their followers as viewers of advertisement and as crypto influencer have crypto based followers, they are a good targeted audience for new crypto projects that wants it's coins to be sold.
It's not that every project advertising are scam but every projects being advertised by these crypto influencer are not labelled as an advertisement but rather sold as investment advice or endorsement. They just shill it so that gullible people would jump into at a higher price. While in reality the influencer has no interest on the project until they were approached for advertising.

[JayTrain]

Unfortunately, it's pure truth; many bloggers create their videos this way. And gullible onlookers may fall for this trick. Crypto bloggers are not part of the team of any particular project, so I believe it's not advisable to trust them. They do it for their own benefit.It’s especially worth going through bloggers who offer to join a private channel for their knowledge; most often you won’t find anything valuable there.

[GreenStox]

I think their advice is not too bad to use as a reference, but in the end it is our own choice to decide and not follow their opinion completely.
Suggestions are also not too bad when we want to know something about other people's opinions.
suggestions can also be constructive.

[fapar]

Unfortunately, it's pure truth; many bloggers create their videos this way. And gullible onlookers may fall for this trick. Crypto bloggers are not part of the team of any particular project, so I believe it's not advisable to trust them. They do it for their own benefit.It’s especially worth going through bloggers who offer to join a private channel for their knowledge; most often you won’t find anything valuable there.

But you will lose your money, because private groups are always paid. A few influencer bloggers bring real benefits: they write manuals and become project ambassadors. The remaining majority, they simply publish news using their referral links, thereby making easy money at the expense of their subscribers. Thus giving birth to an army of sibyls. They are like dung flies; the worse the smell, the larger the swarm.

[Dr.Osh]

I think their advice is not too bad to use as a reference, but in the end it is our own choice to decide and not follow their opinion completely.
Suggestions are also not too bad when we want to know something about other people's opinions.
suggestions can also be constructive.

well, their opinion is not completely bad.  However, to minimize the risk, we also need to be wise in responding to this and starting our own research.  even when we find most influencers saying that the investment is good, we need to do our own research.  There are many types of crypto influencers nowadays, and among them, there are many influencers who think that the investment is good because of their high fees.  So, stay careful, be wise in choosing investments, and do in-depth research

[Antidiluvian]

Its important to distinguish influencer's from educators as well. If you learn something in the technical way from listening.. if your like me you wanna hear his other stuff, if this is how a teacher of tech makes money.. i will support that as long as i can learn from his experience and/or skills.

But yes, too many podcast leading people astray into crypto bubbles that have no real end of the world utility like monero, reticulum, lora type techs working together as pirates can pave a knew new less tyrannical system for this structure to compete with...  eventually people will see that the grass just might not just be greener on the other side...  but its real grass

[Victorik]

Yeah. Majority of these YouTube influencer are doing this for the money. They may really not be interested in the future of the coin. They are paid to build hype around the coin and that's all.
But, there are still some influencer who are actually supporting these projects genuinely, not just because they are paid to do it, let's not forget that too

[Promocodeudo]

Though this influencer do their jobs by advertising an praising this projects, I feel that they are doing the wrong thing because before you work, I think the persons you want to work for is suppose to tell you the nature of the job before you guys can come to the final terms, you can't just take up an opportunity because you feel that you will make a cool cash from it, what if such job end with government hunting for the project owners for example, don't we think that the influencer will be in trouble too, it will be a good thing if an influencer ask his or her employer how genuine his job is before he can accept to take up the role.