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Author Topic: Did you start investing in bitcoin because of some celebrity ?  (Read 768 times)
bSpend
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May 14, 2024, 01:12:58 PM
 #101

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?
Our own due diligence or research will always guarantee a better result, and this is because both celebrities and influencers all work for their own money, they get hired by some of this projects, paid heavily for them to talk about the project to their fans, sometimes, sometimes, some of this projects are scam, but the celebrity or influencer doesn't really give a damn about the legitimacy of the project as long as he or she has been paid.

And to answer the question more proper, I did not invest in bitcoin because of any celebrity, but there are some altcoins I've invested in in the past because some celebrity, top ones like Bow wow(a popular musician) was talking about the project on this x account, even partnered with the project, but at the end, this project was a scam, they raised money through ico and ran away, delivering nothing.

So, in investing on any project, (bitcoin aside now), we must learn to do and depend on our own research, and take responsibility of our own decision.

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May 14, 2024, 04:10:49 PM
 #102

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Though some might trigger an investor to make decision of investing in Bitcoin but the decision of investing in this digital asset should be done personally so that we won't blame anyone if anything happens, I think th best approach or way to go about Bitcoin is for an intending investor to make research even though their has been news and speculation about Bitcoin, an investor is required to do research before investing because in course of this research, you will know the advantages and disadvantages of Bitcoin, Bitcoin has it is own bad times, we shouldn't expect profit always, lets not also forget that bitcoin is unpredictable despite that the advantages of Bitcoin surpass the demerit but then we are expected to investment after we research about Bitcoin so that we will understand what it entails.

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May 14, 2024, 05:28:59 PM
 #103

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ?
No but I know a lot of people who have been influenced because of a specific celebrity or rather a content creator in youtube. People like to idolize people and follow what they do just because they think that person is always all-knowing.
Quote
Is it a wise decision to do so or we should do our own research for better results ?
Of course it’s not a good thing to just invest without any research no matter where you heard that specific advice from. I see no problem with being influenced but it’ll be best if you had decided on your own.
[/quote

Yeah is true, specifically alot of people do admire there celebrities in what ever they do ,it seems there idols influenced them to do that .
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May 14, 2024, 07:48:10 PM
 #104

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Though some might trigger an investor to make decision of investing in Bitcoin but the decision of investing in this digital asset should be done personally so that we won't blame anyone if anything happens, I think th best approach or way to go about Bitcoin is for an intending investor to make research even though their has been news and speculation about Bitcoin, an investor is required to do research before investing because in course of this research, you will know the advantages and disadvantages of Bitcoin, Bitcoin has it is own bad times, we shouldn't expect profit always, lets not also forget that bitcoin is unpredictable despite that the advantages of Bitcoin surpass the demerit but then we are expected to investment after we research about Bitcoin so that we will understand what it entails.

However is very important to make research before making any investment, is good to get the whole information about bitcoin investment before looking out to invest. Moreover is obvious that bitcoin is unpredictable both  the market entirely is something one can not easily predict that is why sometimes people do experience lose in the market, sometimes they also get profited that is to show that there's always a variation in the market.

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May 14, 2024, 07:58:01 PM
 #105

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Though some might trigger an investor to make decision of investing in Bitcoin but the decision of investing in this digital asset should be done personally so that we won't blame anyone if anything happens, I think th best approach or way to go about Bitcoin is for an intending investor to make research even though their has been news and speculation about Bitcoin, an investor is required to do research before investing because in course of this research, you will know the advantages and disadvantages of Bitcoin, Bitcoin has it is own bad times, we shouldn't expect profit always, lets not also forget that bitcoin is unpredictable despite that the advantages of Bitcoin surpass the demerit but then we are expected to investment after we research about Bitcoin so that we will understand what it entails.

However is very important to make research before making any investment, is good to get the whole information about bitcoin investment before looking out to invest. Moreover is obvious that bitcoin is unpredictable both  the market entirely is something one can not easily predict that is why sometimes people do experience lose in the market, sometimes they also get profited that is to show that there's always a variation in the market.
Dont tend to make investment first before you would be doing some research because you would really be ending up likely on a disaster or simply losing up money or investment. It would be always best that you should really be making up some research first before you do make out investment decisions on which we know that it would really be always important that you should make out some research so that you would really be that come prepared for whatever possible risks that you might be able to encounter. Investing just because of some influencer or celebrities is never been that good not unless if you do make out some follow up research about a particular project then it would be just fine.

In the end of the day, you are the ones who would really be making out such decision since its your money and its really just that right that you should really be careful on the decisions that you would really be making. You cant really just that make yourself that rushing up decisions without even thinking about on the risks involved. Always verify and think up carefully.

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May 14, 2024, 07:58:40 PM
 #106

It's very important to be cautious when considering investment advice from celebrities or specially social media influencers. While ofcourse some may offer valuable information, Never blindly follow their recommendations. We've already witnessed many instances where individuals have lost loads of money by investing in cryptocurrencies endorsed by social media influencers and celebrities. It's very important to conduct thorough research on any coin they promote and make informed decisions, Always verify the details and rely on your own research before investing.
celebrities are also human so any advice we are taking from them it is at our own risk, because they are open to mistakes and can also fall victim of advertising projects that wont succeed so instead of putting your trust in a celebrity i would even ask you to do your own research and convince your self if you are to invest or not,  have seen celebrities advertise phones or even products they don't use them self's, and you see some project advertised by an influencer with all the hype at the end of the day the influencer might not even invest, just that they were used as public figure for the product and  you see people making comments like they are investing in the same project with there favorite celebrity, but it is a very bad idea to consider without doing our own background check.

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May 15, 2024, 07:14:32 AM
 #107

All those people who invested due to Elon Musk never made sense to me at all, dude is rich that is true but just because he made some good decisions in the business world doesn't mean that he is going to be able to get you rich as well. If you really want to get rich thanks to him, invest into his companies and maybe if you are right about him then he will make the company grow bigger and you will be able to make a lot more money thanks to that.

However, if we look at the crypto world then he has nothing different about predicting price of a coin more than you or me, he is just making stuff up and hopes it sticks. He does have the advantage that people buys what he tells them to buy, but then eventually even those things crash, just look at doge for example.

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May 15, 2024, 07:40:58 AM
 #108

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Honestly, I once heard the phrase 'don't find idols for yourself' and after that I never made any decisions based on the actions of any celebrities or stars. There are so many examples of stars who advertise outright trash or invest in the air. Perhaps the worst thing you can do is to believe some star on the screen and invest blindly, without a clear analysis of the product.(IMHO)
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May 15, 2024, 09:29:41 AM
 #109

I bought BTC in OWNR wallet for the first time because I thought that I should try it, I didn't do that because of some celebrity or influencer. I didn't even know any crypto influencers back then,and it wasn't too popular among celebrities anyway.

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May 15, 2024, 10:22:42 PM
 #110

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Though some might trigger an investor to make decision of investing in Bitcoin but the decision of investing in this digital asset should be done personally so that we won't blame anyone if anything happens, I think th best approach or way to go about Bitcoin is for an intending investor to make research even though their has been news and speculation about Bitcoin, an investor is required to do research before investing because in course of this research, you will know the advantages and disadvantages of Bitcoin, Bitcoin has it is own bad times, we shouldn't expect profit always, lets not also forget that bitcoin is unpredictable despite that the advantages of Bitcoin surpass the demerit but then we are expected to investment after we research about Bitcoin so that we will understand what it entails.
It’s not wrong to get influenced by celebrities and make you invest in bitcoin, as long as you also do your part of researching about bitcoin and the risks associated with it prior to putting your money in it. Celebrities and influencers have their jobs to convince people, and you simply grant them.

 However, just remember that not all they said are proven to be true and reliable, so you have to explore and experience them on your own. That’s indeed a challenge for us, that we need to take risk. Otherwise, if you keep ignoring the possibilities that bitcoin may do to your life, then you will never benefit on it forever and regret your decision in the future.

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May 16, 2024, 02:47:06 AM
 #111

It's good getting update from the Media but it doesn't feel safe when you reacts to those media influences without making research and then you just bump into investing. I'm generalizing it because not only in bitcoin that influencers can disguise their selves on a logic to divert investors funds and disappear with it.
I've always heard about Bitcoin since 2018 but I haven't heard it time because I was ignorant to believe it was real. I actually got into bitcoin through a friend who's also a forum memeber here so when I got to adopt investing on bitcoin I was few know only that I believe they my friend so much soo couldn't have further doubts.
He indeed explored me by introducing me to this forum where I learnt more and felt more reliable with the bitcoin industry.

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May 16, 2024, 07:09:03 AM
 #112

It's good getting update from the Media but it doesn't feel safe when you reacts to those media influences without making research and then you just bump into investing. I'm generalizing it because not only in bitcoin that influencers can disguise their selves on a logic to divert investors funds and disappear with it.
I've always heard about Bitcoin since 2018 but I haven't heard it time because I was ignorant to believe it was real. I actually got into bitcoin through a friend who's also a forum memeber here so when I got to adopt investing on bitcoin I was few know only that I believe they my friend so much soo couldn't have further doubts.
He indeed explored me by introducing me to this forum where I learnt more and felt more reliable with the bitcoin industry.

You're absolutely right is good to get information in the media, the media itself is a means of sharing information to different countries but sometimes the information we get from the madia can be wrong that is why is very important to make research after getting any information from the media, maybe it might be the wrong information or the right one. However when I was not familiar with this crypto investment I see a lot of people in social media testifying on how they made huge amount of money from crypto trading, since I'm not familiar with crypto trading so I decided to conduct a deep research about how crypto trading works, so on the contrary a friend of my also introduce me to this platform then that's when I started learning about how crypto trading works.

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May 16, 2024, 06:04:05 PM
 #113

I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?
it doesn't matter if you started investing in Bitcoin because of the information you got from a celebrity and surely, we have them all around all the social media platforms running ads and encouraging people to go into somany investment platform which have helped some and have been very detrimental to others but if the investment option that you got from the supposed celebrity is regarding Bitcoin, then it's good but for me, i didn't get into Bitcoin investments because of the information I got from a celebrity and I don't even take those dudes seriously because most of them are just doing the advert based on the fact that they've been paid already to do so and whatever you're getting from them is not a financial advice as they themselves aren't even involved In those platforms.

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May 16, 2024, 11:50:19 PM
 #114

I think that it is foolish to invest in Bitcoin just because someone said they thought it was a good idea. This isn’t about Bitcoin. It’s about investments and risks in general. We’re talking about a possibility of losing money and you can’t do that on someone’s believe. You should have your own believe and you will find it when you have research on the idea that has been suggested to you.

Also, Some of these influencers are paid (talking about those who post Altcoins for example), that’s why you should DYOR because it may not be for your good that they publicize certain information.



 

 

 

 

 

 


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May 17, 2024, 07:44:52 AM
 #115

I actually joined Bitcoin out of my own will, though I have not seen any celebrity making an advertisement about Bitcoin, celebrities are always into making different content based on shows and the rest of it. But I have not come across any of the celebrities content discussing about Bitcoin before also going into something just because of what people said about it is very wrong, it is always good to carry out your investigations on that rather than investing on what you know nothing about risking your hard earned money and get scammed, nowadays some individuals uses celebrities photos to scam people in the Internet which is very wrong so we should be careful on how we go about believe people most especially in the Internet.
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May 17, 2024, 08:28:49 AM
 #116

No, I will never do something just because I am influenced by other people such as celebrities and influencers, especially when it involves money. I'm a stingy type of person, meaning I won't easily spend money to invest in something I've never mastered. I will still respond positively to something that is profitable, but I also have a principle, without knowledge everything I do will be in vain. Doing personal research will make it easier to determine your direction, you can make decisions after equipping yourself with the knowledge you learn after hearing advice from celebrities or influencers.

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May 17, 2024, 09:01:37 AM
 #117

No, I will never do something just because I am influenced by other people such as celebrities and influencers, especially when it involves money. I'm a stingy type of person, meaning I won't easily spend money to invest in something I've never mastered. I will still respond positively to something that is profitable, but I also have a principle, without knowledge everything I do will be in vain. Doing personal research will make it easier to determine your direction, you can make decisions after equipping yourself with the knowledge you learn after hearing advice from celebrities or influencers.
I really agree with you, when it comes to money, of course we have to be able to make our own decisions and don't let other people make us lose our money when following other people's advice and it would be better for us to do this first before deciding to invest so as not to make us lose. the funds we have for the investments we make, doing personal research really helps us to be able to give us a good understanding of what we are going to do because without understanding we will not differentiate between what is right or wrong.

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May 17, 2024, 01:31:26 PM
 #118

Well, I've been around bitcoin for quite a while, even before many celebrities held bitcoin. However, I tried investing in bitcoin when I first became acquainted with payment alternatives on the internet, and bitcoin was always the most recommended coin. However, I chose bitcoin because of my own decision, not because I followed other people's footsteps, especially celebrities.


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May 17, 2024, 04:00:07 PM
 #119

-snip-
 ...However, just remember that not all they said are proven to be true and reliable, so you have to explore and experience them on your own. That’s indeed a challenge for us, that we need to take risk. Otherwise, if you keep ignoring the possibilities that bitcoin may do to your life, then you will never benefit on it forever and regret your decision in the future.

This is the main thing to watch out on celebrities especially when it circles around Finance, before the actual truth spread this far that you may now see some of them speaking truth about bitcoin, most of their publicity was monetize probably advertising an exchange or something else they would be paid for.

Though I was never influenced by them on investing in bitcoin while it's not a bad thing, what matters is from each individuals do always do their own research in order to know the truth about not keys not your coins and other important  information about bitcoin

R


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May 17, 2024, 05:07:04 PM
 #120

Better your own decision to invest in bitcoin I never started investing in bitcoin because of celebrities. I came to know about bitcoin through online and gradually I learned about the use of bitcoin and became familiar. Know the risks of investing before committing your money. Despite the risk bitcoin is the most popular currency compared to other currencies and gives good returns on investment. I invested in bitcoin on my own decision.

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