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Author Topic: Do not believe every crypto news you read online  (Read 1148 times)
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November 05, 2022, 08:22:54 PM
 #21


Should be common to think that there's no way to find out that investors are leaving on that mentioned chains.

Besides, should be a common practice already that filtering the news we encounter should start with us. While browsing and lurking in the crypto world, we should be vigilant if we will believed in certain news or not.

Might be hard for newbies to determine if the news is sh*t or not but sooner or later, they will be soon used to it.

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November 05, 2022, 09:31:50 PM
 #22

Not all crypto news shared on the internet is meant to be true or false. There is crypto news that is to disregard when read and there are some to be accepted also. They all depend on the level of information received.

One thing I noticed about crypto online news is that they do spread in ways that can be deceiving, which can be shilling of projects, castigating another project for another to excel, causing traffic, stating unverified facts, putting FOMO into people's hearts and paying ads for promotion.

R


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November 05, 2022, 09:52:54 PM
 #23

When you see a crypto news saying that investors are leaving shiba inu and polygon or avalanche for a new project do not always believe, this is a new way to attract the public investors that have no time to do their own research first.
The media can always make all kinds of news very well. Make a small fact seem like a very big problem and vice versa. Nowadays, crypto-related news is also very easy to create hype and FUD is also very well spread. Therefore, regardless of the conditions, when we read various news, it would be better if we cross-check and at least wait for the conditions, not immediately make decisions based on panic because of the news. Moreover, if we are an investor, we must be smart and wise investors in any kind of investment.

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November 05, 2022, 09:58:26 PM
 #24

Any crypto news is published for the purpose of a certain market sentiment, to induce groups of people to take certain actions. In fact, almost any news is some kind of manipulation, and often news spreads different FUD to provoke certain market fluctuations. I would never make decisions based on news alone. You should always look at on-chain metrics to see if what is described in the news is really happening or if it is just plain FUD.

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November 05, 2022, 10:15:40 PM
 #25

This is not new, some projects have even been compared to bitcoin, the ethereum killer...These types of marketing you will also see even traditional products like coca with pepsi or samsung with apple, they still often speak badly of each other to enhance their value.
News is necessary to keep up to date with market information, but it needs to be selective. When it comes to investing in a project, you cannot use news to invest, you must do all the relevant research on that project. If anyone invests without doing research, it's their fault, not news like this.

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November 05, 2022, 10:41:17 PM
 #26

When you see a crypto news saying that investors are leaving shiba inu and polygon or avalanche for a new project do not always believe, this is a new way to attract the public investors that have no time to do their own research first.

For example, something like this is been going on for a long time now



I can't count how many times I've come across such news online and when you check the project out its either a new upcoming project that's not even launched yet or a project that has low volume.

This Oryen Network in the picture above is not even listed on coinmarketcap and presale is ongoing 🤦🏼‍♂️ why the lie in the first place? The presale is even struggling if you check the website.

New crypto investors need to be very careful when doing research, do not take a decision without doing your own research first.

This is a common strategy of shills.  They create an article about investors moving to new projects and copy pasted it to different newly created news site to make it looks legit.  I agree not to believe this kind of news unless given valid proof where we can also validate it.

I also see this kind of shilling strategy made by other altcoins.  I feel sorry for the project to hire this incompetent Shiller or probably this is the same person that write the exact same news to shill other projects.

Not all crypto news shared on the internet is meant to be true or false. There is crypto news that is to disregard when read and there are some to be accepted also. They all depend on the level of information received.

One thing I noticed about crypto online news is that they do spread in ways that can be deceiving, which can be shilling of projects, castigating another project for another to excel, causing traffic, stating unverified facts, putting FOMO into people's hearts and paying ads for promotion.

This is the consquences of the said fredom of speech, many fraud and liars make use of this freedom for their own benefits.  Spreading falls information and fake news to earn money.  All we can do is to be vigilant and always verify the news we read.  Don't believe it unless personaly verified.

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November 05, 2022, 11:53:18 PM
 #27

Every media is somewhat biased and crypto is one of the most tribalised community out there. Everyone is looking for an edge to shill their bags and journalists don't understand the tech. Everywhere i look i see even quality crypto news medias bubbled and enforcing fud and ignoring the competition that is a threat to their bags.

Maybe i am overly skeptic about the human nature, but i am listening only people who speak highly about coders even If they are coding for other team, and praise coins because of their tech even when they don't hold them.


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November 06, 2022, 02:57:39 AM
 #28

In addition, most ads or news sources you'd often see are more often than not shilling type of news, instead of proper reports. I wouldn't even doubt it if said articles were paid by the teams behind the projects to speak well about them. It's also why DYOR is always recommended anyway, especially if you're entering a new place like crypto, which every project looks like a new world.

This is the consquences of the said fredom of speech, many fraud and liars make use of this freedom for their own benefits.  Spreading falls information and fake news to earn money.  All we can do is to be vigilant and always verify the news we read.  Don't believe it unless personaly verified.
Well, I'd much rather have freedom of speech than ousting scams. At the very least, you'd see one or two good projects every now and then, controlled speech may prevent bad projects but it also prevents good projects from going up. Researching and finding out new info also makes it rather fun in terms of project hunting. 

R


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November 06, 2022, 09:55:27 AM
 #29

Cryptocurrency is here to stay, and it will likely change the way we handle transactions and even how we buy and sell goods. The truth is that the market itself is doing everything to force its participants to make a clear choice between delusion and logic. everyone is beginning to understand that to succeed in this business, you cannot only be a specialist who knows how to earn tokens with reports on the forum, but also have real experience.

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November 06, 2022, 10:16:17 AM
 #30

When you see a crypto news saying that investors are leaving shiba inu and polygon or avalanche for a new project do not always believe, this is a new way to attract the public investors that have no time to do their own research first.

...
That is true. Though we thought that online is a source of much information we needed, unfortunately, not all we see and read are reliable, many of them are just a sort of misinformation that makes us have different opinions and speculations about a particular project or issue. It was found to be a big issue since most of us are too reliant on social media, online searches and even having a one-sided most of the time. And this is how the manipulators and influencers take advantage if the situation while many haven't yet realized it.

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November 06, 2022, 10:22:36 AM
 #31

why the lie in the first place?
Because if they tell the truth it won't attract many investors and that's why we have to be careful people and don't believe the news from the media about crypto without first finding out the authenticity.
The way to avoid such clickbait news just follow official blog from that project.

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November 06, 2022, 10:44:55 AM
 #32

why the lie in the first place?
Because if they tell the truth it won't attract many investors and that's why we have to be careful people and don't believe the news from the media about crypto without first finding out the authenticity.
The way to avoid such clickbait news just follow official blog from that project.
It is too hard to think if the source is real or something created to fool people. Many people neglect to read and understand it carefully or finding the authenticity of the source. I'd see how terrible being doing this but I did this oftentimes until I realized that I was wrong, really. Even seeing feedback, it was even hard to see negative but mostly positive which we could think is really good. But behind those beautiful words, there is something hidden negative that nobody knows until someone brought it outside.



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November 06, 2022, 12:11:09 PM
 #33

When you see a crypto news saying that investors are leaving shiba inu and polygon or avalanche for a new project do not always believe, this is a new way to attract the public investors that have no time to do their own research first.

This is not news but paid advertising and this is not new, maybe new to you but too boring for me. Today's investors only want profit when investing and developers only want profit when creating a project, so it can be said that they will do whatever it takes to attract investors. And if unlucky investors encounter scam projects in the first place like this, it's their fault. Since we have invested, we must research before investing, can't blame us for not having time. If you don't have time for it, don't expect to make money from it, just like your main job, you also have to work hard to get paid.

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November 06, 2022, 05:48:30 PM
 #34

Well if it's news Related to Some Hack or Meeting i believe in it but If it's something like Purchase or hold These token i probably try to skip it i always try to do my Own Research before buying anything in most of the time these Type of News Can be Advertisment Basically they are paid it can also be in Article or Our Favourite Influencer promoting it all such thing just create Volatility and FOMO Remember what happened with DogeCoin so ICO and public same are just Really risky at current time missing those 2017' days

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November 06, 2022, 06:26:29 PM
 #35

This Oryen Network in the picture above is not even listed on coinmarketcap and presale is ongoing 🤦🏼‍♂️ why the lie in the first place? The presale is even struggling if you check the website.

For the various obvious reasons. I mean to loot peoples money, get free money flowing into their wallets and never look back towards the project. The cheaters are growing at an alarming rate these days because they will pull out multiple scams one after another. For example, in the OP's case they might gain some money from the presale because there are always some people who will be buying blindly and thus scammers will will have a good balance at the end. They will pick this money and use it to create another big scam. This chain will keep on going because this is anonymous market and no one ever knows who is behind the scene. They dare because they know, nobody is going to know ever! Shits, always stay away from such projects.
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November 06, 2022, 08:45:34 PM
 #36

Well if it's news Related to Some Hack or Meeting i believe in it but If it's something like Purchase or hold These token i probably try to skip it i always try to do my Own Research before buying anything in most of the time these Type of News Can be Advertisment Basically they are paid it can also be in Article or Our Favourite Influencer promoting it all such thing just create Volatility and FOMO Remember what happened with DogeCoin so ICO and public same are just Really risky at current time missing those 2017' days

Same here, I also skip those kinds of news especially when the news talks about the future price of that altcoin.  It is very impossible to know the future price of an altcoin if it hasn't been successful in its crowdfunding space.  It is also funny to see a starting project with lots of partnerships, I couldn't believe it as long as the partner involved admitted or publish it on their own site.

There are lots of new shitcoin projects today that publish stuff that isn't true.  It is really annoying and I hope there would be a regulation that will check on the validity of partnership, and news spread by a certain project since many of these so-called partnerships is only one-sided. 

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November 06, 2022, 08:52:36 PM
 #37

I have to validate it first if other news agencies are posting and publishing it. If there's no further news about a specific topic or news that has been made then it's all that you guess, a paid article trying to excite and attract more investors.
That's why when you've seen some news and you're gullible enough, you'll be the one paying for its consequences because you didn't do it with care. Even known or not news outlet, they're receiving payments from those companies that want to have them advertised on their articles and news.

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November 06, 2022, 11:56:03 PM
 #38




I can't count how many times I've come across such news online and when you check the project out its either a new upcoming project that's not even launched yet or a project that has low volume.

This Oryen Network in the picture above is not even listed on coinmarketcap and presale is ongoing 🤦🏼‍♂️ why the lie in the first place? The presale is even struggling if you check the website.


When you have the money to pay media, they will do whatever you said, likely, moroever if they release a PR about a certain project, they will always inform about the positive sides of the project, make some hype about the project, and some may be too over. This is how some certain media working on, based on the order. That is why we must be smarter by reseacrhing and analysing again about the project before investing. or we can avoid investing in such project.
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November 07, 2022, 06:03:09 AM
 #39

This is called a means of advertisement meaning its a normal procedure, even google search engine now consists of ads from shit crypto projects, when it comes to adverts any ads company is ready to take money without researching the project themselves, and its left for the public to do their research.

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dlightag
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November 07, 2022, 06:40:11 AM
 #40

Cryptocurrency investment business have to deal with information and always be current in the cryptocurrency industries by having difference channel of information and also, seen a project like this that has not been lunch and team or the website are talking bad about other projects need to very careful, because the project that has not been lunch can run pull after ICO sales, before making any investment need adequate research before buying.
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