Stay away from crypto influencers

[YellowSwap]

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.

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[ANSEL_2.0]

90% of those YouTubers are doing this for the money but...

1. Not all of them are getting paid, there is one that talks only about IEO launchpad projects, get into the launchpad and sell once trading starts, this way easy 2x is possible.

2. Any project that promised 2x or more can't be trusted, they probably have nothing good to offer and all they can do is use words like this to lure new crypto investors.

[Upgrade00]

Whether or not the influencers are getting paid, people should build the habit of Doing their own research when it comes to investing and trading. You bear the financial risk of your decisions and should not base those decisions on someone else's opinion.

There is no guarantee in cryptocurrencies, so any project that "promises" any type pf growth at all is a huge red flag.

[cryptoaddictchie]

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.

Why stop followign? Didnt you knew that Ive got tons of free airdrops for free like uniswap, 1inch, tokenlon, and some worth airdrops just because Ive followed some of those? Yes there are influencers that only using that for money. But we all knew they are doing that to earn same thing posting from signature campaign here. Its their way on how to monetize their privilege.

We cant deny that some are mostly using it for money but there are some who also helps or give tips on how you earned. Maybe choosing the good one for you to follow might be the key.

Also why blame them its you who execute your choices. Better to be cautious on yourself to be more safe.

[Lafu]

Mostly they just doing it for there only thing to get more clicks and subscribers to there Youtube channels.
But there are also a few that dont making it this for this reason and just wanted to get out Information about few things and that people know it.
Also you are right on that , that a lot of them advert and advice for Coins and things they are maybe in.
Not all of them are bad.

[5W-KILO]

Influencers aren't evil people they are just doing their job, instead of this why not create a topic that differentiates good influencers and bad influencers because that's the way it is. . I've made money from few new projects watching YouTube video and shiba inu was one of those projects follow by metahero, I would have never known about these projects if not for influencers.

[TheNineClub]

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.

That would be shilling, and there are different forms. There are people who are paid to promote projects online in a normal manner, and then there are ''influencers'' that out of the gate promise people all of the world's riches if they join the project, because they are the only ones who know this super-secret money-making investment. I would say stay away from the second type, but the first type could be of use because people do find out about different projects through that. Think of it just as another form of marketing, the only difference is that we have become desensitized by regular paid promotions.

[hugeblack]

Not only YouTube celebrities/crypto influencers, but don't take investment advice from anonymous people on the Internet, always be skeptical and do your own research.
If we ignore scammers and paid promotion we can say:

 - Most analysts are looking for news that visitors need, meaning
    >> for example, if Bitcoin rises by 10%, they will be forced to talk about it because it has become a hot topic and will increase views.
 - What viewers are asking for, many channels have added news about DogeCoin due to Elon Musk's talk about it.

In general, if you do not have experience and know what you are doing, it is better to just buy Bitcoin.

[CryptoATM]

They are unreliable, many of them lead many investors astray in October 2021 saying BTC is going 100k that they should start buying this token and that coin but in the end history failed to repeat itself..smart influencers always play safe but many talk like a time machine.

[romeitaly]

I don't get it why people keep following crypto influencers even though its already obvious that they are paid getting promotion and featured those crypto things to their channel but not all of the youtubers and influencers are doing it just for the money some these people would like to help others to have earning we know its pandemic hard to get money and airdrops is one of possible way to earn money even its a small amount it helps to the person who gives effort. There are two sides of influencers the person just want to earn through views and the person want to help.

[aysg76]

Whether or not the influencers are getting paid, people should build the habit of Doing their own research when it comes to investing and trading. You bear the financial risk of your decisions and should not base those decisions on someone else's opinion.

There is no guarantee in cryptocurrencies, so any project that "promises" any type pf growth at all is a huge red flag.

This is the fact the most of the people are ignoring while following these so called crypto influencers who are not more than puppet of the projects promoting some shitcoins to the audience who is interested in his crap talk.They are just being paid for their reach and then people invest blindly in them and then loose their funds so stay away from them in first instance.

This is the recent example of this :

Paul “Ice Poseidon” Denino, a former Twitch star who now streams on YouTube after the Amazon-owned platform banned him in 2017, was caught in a flagrant crypto scheme in which he took some $500,000 from his fans…and kept most of it.

In short, Ice Poseidon tricked his followers to invest in CxCoin, a platform the streamer founded for content creators to get cryptocurrency donations, then pulled the rug from everyone. He took that money ($500,000 in total), pocketed $300,000, and allegedly bought a Tesla.

Source : Youtuber crypto rug pull

People blindly follow them but this is wrong and beleive me most of them don't have knowledge of the market at all and they are only trying to promote some scam coins as they have been paid for it but you need to be awake and invest wisely because it's your fund so rather than making claims later on leave these self proclaimed crypto experts.

Invest in Bitcoin if you can but through legit ways only.

[Bitbtc8]

Sigh! I'm surprised that few comments on here are still taking influencers side after all the damages those influencers have done on our new crypto investors, I have someone who called crypto a scam till this day because of a influencer on YouTube, he lost all his money and the funny part is the token is a scam project.

[Mpamaegbu]

Influencers are humans. Humans are prone to mistakes and errors. The crypto industry is a highly speculative one. Speculation deals with guesses. Influencers can fail at speculations but that doesn't mean they won't get it right sometimes. I think I've been lucky to have picked one or two tokens from online influencers that did well. So, I won't be quick to give them a blanket condemnation as such. The caveat to all this is to never invest any amount you will miss.

[crwth]

I think it would depend on the crypto influencer you are following. I know that some crypto influencers dive into suitable projects and even promote them even if they are not paid because that's how good the project is. Of course, there's a side note in which they are doing it because they are also holding that token for their sake but as long as you understand the discussion the influencer presents, make your personal decision whether you will follow it.

[Little Mouse]

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.

Most of the time, your statement is true. They shill for different projects including shitcoin just because they want to get paid only. They care nothing about the project and the investor. But there are exceptions too. I know one guy from our local who isn't influenced by any project. He creates video to teach people, he creates video to help people to pick the right project instead of a scammy one.

[Findingnemo]

They simply take advantage of human's greed to make money and those youtubers are getting paid for what they are doing and actually they have disclaimer somewhere because YouTube terms says that so its our responsibility to how can we tackle the influencers and stay away from thise traps.

[Eureka_07]

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.

Most of the time, your statement is true. They shill for different projects including shitcoin just because they want to get paid only. They care nothing about the project and the investor. But there are exceptions too. I know one guy from our local who isn't influenced by any project. He creates video to teach people, he creates video to help people to pick the right project instead of a scammy one.

Other than that, some of these crypto influencers uses their "influence" so they can also earn through them... referral... or they are one of the early investors of the project so they want to try hyping the project. Luckily, not all crpyto influencers are not like that, I also able to watch other youtubers that always remind their viewer about the risks, not just the gain and everything.

[tranthidung]

If you follow good crypto influencers who can teach you about basics, advanced knowledge in crypto, that's good and you should maintain it.

If you follow crypto influencers who only make you hyped, with promise to get rich quickly, let's be very careful. The crypto market is not an easy one for you to join, win and enjoy your life.

It is a harsh market and if you are inexperienced, greed, emotional, you will very likely belong to more than 80% losers in this market. Influencers mostly don't help you to protect your capital. When you realize that, you already lose your capital.

[FirmWars]

There are good crypto influencers are get paid like OP said but dont lead people astray, they try protecting their own reputation online and they always warn investors to do their own research before investing in any projects they made mention, I think they've played save enough.

[isaac_clarke22]

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It's shilling by the way, OP and this has been happening in Youtube for quite some time already. It's not just crypto but also to many reviews of a crap product that they're obviously paid for promoting it.
Youtube does not do anything about this sadly and with the disappearance of dislike button ( though I heard some chrome extensions for workarounds), we're blinded if the video is informative or pure BS.