Stay away from crypto influencers

[thesenioralex]

Everyone is aware that the majority of crypto influencers are paid influencers, but the younger generation does not want to perform research and instead prefers to follow someone who does research for them. Actually, they invest in trust rather than research, despite the fact that their own research is always good. Because losing, based on my own study, is vastly superior to trusting someone.

[stompix]

Influencers aren't evil people they are just doing their job,

Job?
Their job is at shilling for some shitcoins that they know it can and it will end badly for all investors.
It's not their "job", they are getting paid to advertise stuff and to deceive poeple.

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.

Yeah, bs!
A lot of them don't care about their reputation when it is completely outweighed by the possible gain from some token.
Why do you think all those influencers are on youtube, to help everyone get rich or to get a ton of money themselves?
If youtube will stop monetizing clips that offer financial advice as they have a few times warned they might do some of those influences will suddenly give up and search for another money-making scheme.

Reputation? If you're barely making the minimum wage and somebody comes at you with 1 million to shill your project do you think you will start doing a complete research on it or just grab the money and start doing non-stop videos about it?
Look at all the bounty managers here, look at all the projects they've taken, how many of those are still alive even if they have paid the bounty for the army of shills? Thousand over thousands of dead coins and nobody is bothered by "reputation".

[dbc23]

It is just like depending on an individual to tell you how to spend your own currency. This so called influencers didn't fall from the sky with their analysis. They were either paid to promote a project or might be doing it out of free will but no matter the motive every investor should be able to carry out their own research prior to any sort of investment. No one is 100% accurate about the market so take responsibility of your investment decisions

[ScamViruS]

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.

If you follow crypto influencers, you will have to face losses in the long run. Because they present crypto in a way that sends the wrong message about crypto to new crypto investors. New investors in most cases think that crypto is a means to make a quick profit which is a misconception.

Every time I follow these influencers, I suffer huge losses, because these influencers take money from the crypto project team and promote those specific projects.

[Oceat]

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.

If you can recognize a good and bad influencers already then you are doing the right thing which is doing your own research. That's just the basics and not all people would recognize a good and a bad one but some of the replies above are helpful to recognize a good and a bad one. Most Youtubers are only interested of the views that's why if you recognize they were talking more nonsense ang BS then stop listening to them already they aren't worth it to listen till the end.

[XUR_TIP]

YouTubers like shilling crappy tokens and meme coins that's how I find shiba though but majority of others are shitcoins, the good influencers are those that choose tokens and tell you to do your own research before investing money on them.

[Coyster]

YouTubers like shilling crappy tokens and meme coins...

From my observations, i think total novices who want to get rich quick via crypto are more often than not victims of many of this shit projects hyped by influencers, if you talk about crypto to people who do not really understand the network, they immediately have this urge to make money, they start to feel they can make some quick/fast money out of this, knowledge never comes first for them. Thus for such people they will like the idea when someone makes a video promising them they'll make huge returns, they immediately jump on it and learn their lessons the hard way. DYOR can't be overemphasized in this network of ours.

[Peanutswar]

Social media platforms are one of the most common visited by people to keep entertained. Still, those platforms too offer the people wants such as cryptocurrency; of course, newbies would like to learn how people earn with this money that is not tangible; of course, the influencers and the platform marketing would like to promote they will reach out to these people and now they are getting paid for this kind of action to encourage, in some cases the influencer not care to its viewers and keep the money to their account through promotions. Some of them tend because they want other people or their viewers to earn too, so choose where the influence helps you.

[ThePoorMan]

As in all things, there are the good, the bad and the ugly, you have just choose who to follow. Some influencers actually share useful information and a few have insider info about projects they share with their audience.

[pawanjain]

The word influencer itself means one who influences others and being in crypto doesn't require you to be influenced.
Owning a cryptocurrency requires awareness of what you are holding and how and when you have to use it.
You have to do it all by yourself. If you are following a crypto influencer then there's basically no point of holding crypto at first place.

[qwertyup23]

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.

This tip also applies in general to scams being advertised throughout the internet. It takes lots and various of forms which can be extremely appealing to newbies who have little-to-no experience transacting into cryptocurrencies.

Unfortunately, cryptocurrency influencers have the power to compel their viewers to invest in a certain project due to this illusion that they know better than them. Instead of watching crypto influencers, you can listen to various YouTubers who explain investing without even forcing or telling you to invest in a certain project. In this way, you are not just learning but you are also avoiding being scammed at the same time.

[Luqman]

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.

I basically agree with you, but not 100%.
Honestly, so far, I am still following certain crypto influencers that I exactly beleive. Because they are not kind of the influencers that always suggest us to invest in certain coins or projects or will influence us very much with big promises (but zero value).
If they are sharing their thoughts on social media or YouTube, they give certain information, and also share certain news about the crypto world, I can just get it to be one of my cosndieration.
So, it may also depend on what we are doing. If only follow the influencers as part of considerations, I think it is no problem. But, if we only depend on the influencer and make no difference on what they are always doing, this may be false because we don't have our own cosndieration and analysis.
Just take the advantages and throw what things that make us not wnat to

[GeorgeJohn]

It depends on the cryptocurrency influencer you be able to come in contact, crypto influencer can be described from two different perspectives such as positive influencer [ good influencer ] and negative influencer [ bad influencer ] depends on the one you fall into.

So when we emphasised on positive influencer we are talking of people who will bring other people into cryptocurrency and pass the knowledge of crypto unto people without having a double mind or the mindset of scamming, so those people shows the practical examples cryptocurrency with support of fundraising in order elevate you to follow cryptocurrency life span.

A negative crypto influencer in other way round is actually emphasising or put fingers at someone who has negative mindset by influencing people in a quantum numbers in order to scam them and make away with surplus funds. So those bad influencer's  primary target or objectives is to scam people.

[mzuhry19]

there's nothing wrong with following influencer and wrong when we follow without DYOR, and when we see influencer thats become additional information for our analysis. it all depends on our choice

[cabron]

there's nothing wrong with following influencer and wrong when we follow without DYOR, and when we see influencer thats become additional information for our analysis. it all depends on our choice

I learn a lot of information from them as well but it's not good to really listen to all of thier advice. Just like you said you have to do the DYOR after the things they are shilling. What I beginners will likely be good to listen to are those channels from cointelegraph or coindesk youtube channel.

Somehow for me, I find good channels to watch on youtube like the Boombust, Mark Moss, and Keiser Report.

[mzuhry19]

there's nothing wrong with following influencer and wrong when we follow without DYOR, and when we see influencer thats become additional information for our analysis. it all depends on our choice

I learn a lot of information from them as well but it's not good to really listen to all of thier advice. Just like you said you have to do the DYOR after the things they are shilling. What I beginners will likely be good to listen to are those channels from cointelegraph or coindesk youtube channel.

Somehow for me, I find good channels to watch on youtube like the Boombust, Mark Moss, and Keiser Report.

for me influencer that i follow not only on youtube bu also on twitter and maybe some telegram channel, because that's my information on coins

and thank you for the channel suggestion, this is additional informasi for me

[Poker Player]

I think the OP's idea is generally correct, although taken strictly speaking it would be false. I follow some and I get others from time to time on YouTube. The only thing is that the information they tell me is extra information never the only information I take for my investment decisions. Besides, I don't play to buy and sell shitcoins, so I don't even listen to the information they may give about buying and selling a shitcoin. One that I like is Toys'rUs, who usually starts talking about Bitcoin, and when he moves on to shitcoins, I change the channel.

[S3300]

I've followed many crypto influencers on YouTube and only very few of them know what they are doing, they don't just talk or direct people to buy some tokens for profits they work on predictions and tell you what may or may not happen in near future, there is no guarantee in crypto space that should be on every investors mind.

[Koil]

Actually you should not stay away from crypto influencers and i will tell you why.
All of them are paid actors and they try to hype a project that is dead.
If the project itself was good and has any value it won't need any influencers.
By that said, you should follow the crypto influencers and stay away from each project they promote.
99.99% of the good projects won't hire influencers to promote their project.
So when you see influencer promoting something stay away from it.
It is just paid promotion of something that not goes good

[GeorgeJohn]

there's nothing wrong with following influencer and wrong when we follow without DYOR, and when we see influencer thats become additional information for our analysis. it all depends on our choice

actually nothing is wrong by following crypto influencer because i know that bitcoin influencer will give you the necessary information that required to progress with bitcoin and other cryptocurrencies, but another thing is that those influencer's can put you into trouble if they really have negativity in mind, indecencies that they can be a trap influencer, some hype project that is not potential because they paid to do so, so it's not all informations you obtain from influencer are cogent.