YouTube is very famous when people want to find out more information about crypto and it's always generating many clicks for YouTubers. But unfortunately, information quality is not very high for most videos because of hype and clickbait videos.
It is very important for us to know YouTuber's hype video is not good advice.
YouTubers want to create hype, not quality informationAn important point for each YouTuber is to generate clicks and views and followers.
And to get clicks and views and followers, it is a strategy from many YouTubers to launch hype videos, where outrageous claims are made, such like:
- Bitcoin will crash (soon)
- Bitcoin will die (soon)
- Bitcoin will make new all-time-high (soon)
- Altcoin will overtake Bitcoin (soon)
- Altcoin will die (soon)
- …
It is always similar strategy for YouTubers to create hype instead of presenting normal information. It is very dangerous because accurate information is not presented. Instead, reality is hyped and exaggerated.
= information quality is suffering and sometimes very misleading
YouTubers spreading HATE and FEAR (FUD)It is also very efficient for YouTubers to spread hate and fear because it's also generating clicks and views. Many people will get worried and click such videos to find it out but all information is just unjustified FUD, resulting in damages.
One reason is YouTuber’s greed to generate clicks and views and also a reason is for example, Russian propaganda. It is also possible, YouTubers are getting paid from Russia to spread hate and fear, as Russia has many loyal serfs on YouTube.
For us, such YouTubers are very dangerous because it’s facilitating
- Hate
- FUD
- weak hands and more sell pressure because people don’t trust to HODL
It is scientifically proven for hate and fear (FUD) to generate more clicks, so it is a common strategy for YouTubers to get more clicks and views.
Be careful when you see hate and fear (FUD) on YouTube.
YouTubers getting paid to advertise a project Very often, big YouTubers are getting paid from a project directly to present it in a positive way. Some projects pay YouTubers directly and hope to get more investors due to positive YouTube videos because many followers trust, what YouTubers are publishing even it makes not much sense at all.
For a high payment by projects, many YouTubers will only mention positive facts and forget often to inform about risks and flaws of a project to get many followers to invest.
Or it's about a shady exchange, where YouTubers will also get a profit if you sign up from a referral link.
YouTubers are trying to distribute referral linksA significant amount of YouTube videos is made in hindsight to collect money by referral-links.
For such YouTube videos we'll find a referral link mentioned somewhere which will lead us to to an official project site, where we can register to invest. Of course, a YouTuber who will mention such projects and mention his referral link, will get a reward if we click his link to join, register and invest, often a percentage of our amount invested. Of course, any YouTuber will be interested to make you join and invest a huge sum because of his profit.
A famous hype channel was (or still is) Trevon James, who advertised heavily for a known scam, Bitconnect.
ConclusionYouTuber's content is often of very low quality and only based on hype:
It is very easy to detect, when we view some YouTube presentations, where it’s often clickbait:
It is very clearly clickbait.
For us, we should always know: YouTuber's hype video is not good advice. It is not well researched and low quality content.