Why all these crypto-twitter "influencers" are still exist?

[borovichok]

there are actually so many so called cryptocurrency investor out there that are actually just blindly following these influencers because they are quite lazy in doing their own research and also just outright blinded by these influencers, there's reason why these influencers usually have so many people following them it's because many are interested in taking this influencers take on some coins as some financial advice which is quite ridiculous, as bad as these influencers are, they have audience.

Influencers serves as guide to newbies in the market and educate them on the coins to bagged and the time to sell. Selecting an influencer wouldn't be difficult if you know what you're doing and how the market typically functions. There are both good and bad influencers in the space. Investors without knowledge are the real problem because they wasted time planning projects in the area without conducting necessary research. They are only concerned with how much money they will make when the project is completed, oblivious to the fact that the majority of projects are scams. Moreover there's recommendation for good crypto influencers in the space, they've undergone complex training and they knows when the bull and bear season will be triggered in the market.

[el kaka22]

Because there are people who are fool enough to fall for them? That is the only reason, there are still a ton of people who check these influencers and base their investments after their suggestions and they basically make them famous.

You do not have to pay an influencer to give you good deals neither, you just have to follow them, and if enough people follow them, then we are going to end up seeing a good amount of offers thrown at them by projects. I have talked with plenty, they charge anything between 400 dollars to 2000 dollars, of course there are bigger ones as well but that is what I learned, and they had like 20-25 tweets like that, which means they made anywhere between 8k to 40k that month, insane amount of money to make.

[Yamifoud]

You do not have to pay an influencer to give you good deals neither, you just have to follow them, and if enough people follow them, then we are going to end up seeing a good amount of offers thrown at them by projects. I have talked with plenty, they charge anything between 400 dollars to 2000 dollars, of course there are bigger ones as well but that is what I learned, and they had like 20-25 tweets like that, which means they made anywhere between 8k to 40k that month, insane amount of money to make.

it is a huge money and a great offer which could really urge them to accept and make a deal promoting their platform even though they know it was a scam. Very unfortunate but this kind of scheme has been spreading across the market and I couldn't think this will be stopped easily. With their influence and a great number of social media followers, this could really make a huge impact on the project that they have promoted and enough for the company to make money by using these influencers to attract investors.

[yhiaali3]

It feels like people don't remember what happened yesterday, because a lot of these guys say "bitcoin will go up tomorrow" and when they are wrong, they just ignore it and say "NOW it will go up" and they do it until it will go up to say "I told you so". If you look at all these posts you will see that they are wrong almost all the time and try to hide it to save this "rich trader" reputation. And people still follow their advice and believe them.

Yes, I have seen many such people in the recommendation channels on Telegram, whether free or paid, this is exactly what happens. They give you a recommendation for one of the altcoins and tell you to buy immediately, it will rise, you buy and wait, but it does not rise. They tell you to be patient and a lot of time passes and altcoin does not rise, until you despair. And you sell it at a loss.

But if the coin rose, they would fill the world with a loud voice: “Did I not tell you?” My expectations were correct in the millimeter.

[soramon]

The reasons why people might give influencers power in crypto and Bitcoin scams include trust, FOMO, lack of knowledge, and greed. Although people may be more aware of potential risks, they may trust influencers they admire and believe they have their best interests at heart. Furthermore, individuals may be influenced by the fear of missing out on a potentially profitable opportunity, while some may not have a complete understanding of blockchain technology or be tempted by the prospect of easy profits. Therefore, it is crucial to approach cryptocurrency investments with caution, conduct extensive research, and seek professional advice instead of relying solely on influencers' opinions.

[Dickiy]

What is clear is because those crypto influencers have very good popularity and image in other circles because consciously that we can realize there are people who believe in him so that many followers to see and get references from that person (although they always say Dyor is still for I am as a comparison of what I have learned in a project) and make no mistake those who might be said to be marketing a project when having a lot of followers on Twitter usually offered a fairly large salary as a marketing team.
And certainly from the person who follows the person will be the target of advertising that he made and certainly in followers there are still many beginners in the crypto world and as usual they are more easily attracted.
The problem of scam or not in this case may also be affected by what happened but basically they only work to get payments.

[abel1337]

Not all people are aware that there are influencers who are just making themselves a favor by posting something that is aiming to help people. We know that the rise of influencers came by along with the rise of bull market. Most of the prediction about bitcoin going up is obvious but people who are new to the space don't know about it. Influencers are just taking advantage of those newbies to make their reputation rise and also their followers but today we are on a bear market, I'm pretty sure those influencers are having a hard time earning some money that's why they are taking the risk of promoting scam projects as if it won't affect them. Newbies are the one who are being victimized by these, Those newbies that don't have enough knowledge somehow rely on these influencer to gain knowledge which is the easiest way to learn but the riskier given that not every word they are saying is correct.

The only way to make people avoid giving power to these influencers is to have more knowledge in cryptocurrency. 

[tygeade]

So my question is this: if people are more aware of crypto/ bitcoin and all these scams, why they are giving power to these "influencers" to earn more money and scam more people?

Because not all people are knowledgeable about Bitcoin (crypto in general), lack of knowledge is the problem that's why some of investors are believing these influencers and letting themselves become a victim of scam projects. They won't stop until there are people who believe what they say, unfortunately most of them are newbies in crypto.

Moreover, even this forum is full of information about crypto, some people are not aware of its existence. Hence they're relying on other platforms that can provide informations of what they're looking for and probably these influencers are one of their sources.

Isn't that a bit of a trouble on their behalf? Like all the information you need about crypto and bitcoin is available online, and if you have no knowledge about it and not seek it out, then it is a bit of your trouble to fall for an influencer and lose money, right?

What people normally should do is to see this type of trouble, and then avoid it and try to learn what they should do, if they end up doing nothing at all and ending up with something much worse, then it's kind of their trouble at the current situation. I personally believe that the best thing to do would be learning, learn when you are new, but keep learning more if you can even when you are a veteran.

[uneng]

Influencers exist because crypto adopters created them. The audience turned them into influent personalities inside the industry. If people just ignored them, these influencers wouldn't exist.

However, there is a theory that when something has to happen it will happen anyway, by the hands of one person or another. What means that if it wasn't for these individuals in particular, like bitboy, scams would be being efficiently promoted by other influencers and investors would be scammed in every cases. In the end, you can't really avoid something which is pre-determined to happen.

[Nail15]

It's the same with religion, as long as people believe in crypto gurus - they earn on ordinary users.

[Rasa nanas]

There is something wrong with crypto influencers? I believe that not all of them are doing it wrong, there are a few good projects I got into through crypto influencers and I never regretted doing so, you just have to listen to the project they are talking about and do your own research on the project, buying the token or coin is not their fault, you money belongs to you and you are the only one to spend it rightfully. 

not all crypto influencers are wrong and not all crypto influencers are right.
there are some cryto influencers who are sincere and true in providing information on a crypto project in the hope that more people will know about the project and get profit. but there are also cryto influencers who deliberately spread fake news about a project in the hope that more people will invest and only care about their own profits, for example many cryto influencers spread fake news about gambling sites and trading sites.

[bakasabo]

What exactly confuses you? The fact that there are influencers or that they are using twitter to influence? Twitter still has one of the largest users database. It is still easier to make a post and reach needed audience in Twitter, than run around and try to convince people. I would say that trustful audience is the reason why we still have crypto-twitter influencers. People take everything at face value, people dont have thousands of others replied positively and follow them. It is easier to believe in a text that has 1000+ likes, than to follow what a crowd of 1000+ persons trust if they are gathered in one place IRL.

[Godday]

That's because Twitter has many daily active users around the world.  I think currently Twitter is the largest social media with the most active user interaction in the world.  So it's not surprising that many influencers in the crypto world still use Twitter to promote various crypto projects.  There are many ways one can promote their projects on Twitter and it is very easy to find audiences with similar likes on Twitter.

[KingsDen]

That's because Twitter has many daily active users around the world.  I think currently Twitter is the largest social media with the most active user interaction in the world.  So it's not surprising that many influencers in the crypto world still use Twitter to promote various crypto projects.  There are many ways one can promote their projects on Twitter and it is very easy to find audiences with similar likes on Twitter.

It is very important that we know that this forum we are into has the kind of old software which is not to flash in it graphics. And that is why new generation users always find it unfriendly to remain in the forum. They instead take their businesses and crypto related matters to Twitter where the feel is a social media, they can freestyle and do other things. So it is therefore not surprising that Twitter cryptocurrency angle is making waves and influencera are making huge sum of money everyday.

We might ignore an influencer because we feel we have the first-hand information about cryptocurrency. How about the newbies who knows little or nothing about cryptocurrency? They always troop into social media's and they will trap them before they could understand how the crypto-currency market works.

[JayTrain]

I believe that the existence of crypto "influencers" on Twitter is not surprising, given the nature of social media and the crypto industry. However, it is important for investors to be cautious and do their own research before following any investment advice from these individuals. While some may have valuable insights and expertise, others may be motivated by their own interests or may not fully understand the risks involved in cryptocurrency investing.

[jostorres]

Influencers serves as guide to newbies in the market and educate them on the coins to bagged and the time to sell. Selecting an influencer wouldn't be difficult if you know what you're doing and how the market typically functions. There are both good and bad influencers in the space. Investors without knowledge are the real problem because they wasted time planning projects in the area without conducting necessary research. They are only concerned with how much money they will make when the project is completed, oblivious to the fact that the majority of projects are scams. Moreover there's recommendation for good crypto influencers in the space, they've undergone complex training and they knows when the bull and bear season will be triggered in the market.

Maybe there is a tiny percent who did not really care about making money by shilling a random crypto project but they only care about the community so they are helping the newbies to go in the right path. If you have an experienced or knowledge in this field then yes you will have an idea if which influencers are honest and worthy to follow but what if you are a complete noob?

Better if you won't go straight on them but just learn bitcoin in your own. We have this forum and other websites who teaches about bitcoin and stuffs. We shouldn't blame the newbie investors but blame those greedy influencers. If only they are not selfish, all newbies in the space will be guided properly on the right path.

[tvplus006]

...It feels like people don't remember what happened yesterday, because a lot of these guys say "bitcoin will go up tomorrow" and when they are wrong, they just ignore it and say "NOW it will go up" and they do it until it will go up to say "I told you so". If you look at all these posts you will see that they are wrong almost all the time and try to hide it to save this "rich trader" reputation. And people still follow their advice and believe them...

If there was no demand for such forecasts, then we would not have seen such soothsayers. And all these newcomers, who actually want to earn a profit quickly and effortlessly, create a similar "demand" for such crooks. It should be noted that such forecasts are given in such a way that they can be taken in two ways and in any case, he will be able to turn his forecast to his advantage.

[South Park]

There are some newbies out there
Others are also too lazy to make their own personal research

I agree, but I'm surprised that there are so many of them. Like there are Twitter accounts with millions of subscribers. I agree that there are lazy people and newbies, but I think there are more people who just follow the hype and really believe that you can become a crypto millionaire like the moon in a week lol. It's not even lazy, it's straight-up stupid.

p.s. thanks for the advice, I fixed the post

This happens everywhere, lets look at politics, a politician makes all kind of crazy promises to win the election, and once they are in power not only they do not implement what they promised but they do the opposite, you may think that after such a lack of performance the politic career of such a person will be in shambles and they will never get elected ever again, but we know they will keep doing the same over and over again, and if this happens in politics which can have a massive effect on our lives it is not surprising influencers can get away with it as well.

[bittick]

even though we know these influencers always have some ulterior motives but it's pretty much the reason many newbies are getting into cryptocurrency investing, honestly they usually are the ones that makes many got interested in the field of investing, and afterwards they have fans which always follow influencers advice religiously. in short they have special place in the heart of some newbies.