ROLE OF INFLUENCERS ON CRYPTOCURRENCY (BITCOIN)

[Tonimez]

I will advise everyone especially newbies to follow these influencers as they consistently release daily crypto updates that may be of help to your decision making. Also learn to make your personal verification and judgement coupled with your experience before taking any action.

This last part dey very necessary because e serve as a disclaimer before someone will come and accuse you later say na you tell them to follow these influencers. No doubt, these influencers you highlight above are high reputable profile worthy of following not just because they are well known but they are also Bitcoin enthusiasts with lots of knowledge and experience in the crypto space.

These influencers are not always accurate, they post what they believe based on their own analysis which can go against them sometimes. For this reason, people should do extra research before any action is taken and you can disagree with what they post if you trust your own analysis more than their own.

Yeah sure, no one can be completely sure of a given coin behaviour in the next moment due to the volatile nature of most of these coins. We only advise reading through their posts to gain an initial information about the existence of such coins and then decide if it's something we would like to invest in. Some dudes need serious motivation to do anything, even what would benefit them. So these influencers can also serve as a push to a beginner to try out new opportunities in the crypto market. Personal discretion is required in every aspect of human career endeavours, so implementing same in the crypto market would be very important for the safety of our funds.

Unfortunately, the aclaim crypto influencers we have in Nigeria prioritised self benefit more than educating their community. They shill useless airdrops and take advantage of their community farming referrals to cash out at the detriment of the community. They dish out meaningless posts every now and then just to farm engagement instead of posting educative contents.

Personal interest is not just a Nigerian factor especially in the crypto market. Every crypto influencers is self centred and there's nothing anyone would do about it. Airdrop farming is their business and investors also use their links to get into the platform. So no matter how you avoid them, almost every initial Airdrops link enters the society through these influencers and whoever is their downliners is their gain.

Your discretion is widely needed during the airdrops tasks, especially the NFT minting and Ton transactions. If not for greed, many would not be engaging in every ton activity or NFT minting because those are the major scam points in Airdrops. So whatever you do in the crypto market, greed is the first enemy that should be avoided. Invest within your financial capacity and judgemental in all situations.

I will advise everyone especially newbies to follow these influencers as they consistently release daily crypto updates that may be of help to your decision making. Also learn to make your personal verification and judgement coupled with your experience before taking any action.

I don't consider following crypto influencers necessary because crypto influencers only care about themselves and how they will generate money with their social media accounts, and sometimes they can even deceive their audience by shilling a fake project to them so that they could earn money, and when their audience invests in the project and they lose their money, they will come up with a cock and bull story that they didn't know the project was a fake project. Any newbie that's interested in learning about cryptocurrency and bitcoin should look for a community like Bitcointalk community to learn about cryptocurrency and bitcoin so that the newbie will not be misled to invest in a scam. Newbies should also prioritise dyor; it is the best way they can learn fast and know the right projects they can put in their money.

I would like to say that it is not completely absurd to follow the crypto influencers as long as an investor has his judgement instincts. A newbie has to select among the many influencers to follow but should not make the influencer is decision maker. Most people you can see today in the bitcoin investment all got to know about bitcoin through the pages and channels of these influencers. Some newbies only finally decided to try out the bitcoin investment due to repeated announcements from these influencers.

So I think that their role in bitcoin development can not be completely denied because the relevance that bitcoin is gaining now is just the product of their influence. What matters is the ability of a newbie to avoid greed and use his instinct when investing. Some of these influencers control their community better than others especially people that also influence by repeatedly buying bitcoin publicly like Michael saylor who is known for his continuous accumulation of bitcoin and holding for a long time.

Not every crypto investor knows about the bitcointalk community. This forum has existed for over 12 years but not many people knew about it's existence. We are only privileged to know about the bitcointalk forum unlike others who still don't have such privilege. So there would never be a time when communities would not be depending on these influencers for information about bitcoin and new coins. The anthem of cryptocurrency investors is not investing more than you can bear to loose. So whoever is investing beyond his capacity is already taking a bigger risk.

[sokani]

Person fit still follow them for following sake. However, the fact say them be reputable figures in the space no mean say we go take everything wey dem talk hook, line and sinker. All of them dey after their own interests. E just be like when CZ talk say the best place to keep awa crypto assets nah exchange but no be true and we all know the reason him make that statement. So, as a beginner, the best thing you fit do for yourself nah to just dey read and engage on the forum.

[Preciousbae]

I don't consider following crypto influencers necessary because crypto influencers only care about themselves and how they will generate money with their social media accounts, and sometimes they can even deceive their audience by shilling a fake project to them so that they could earn money, and when their audience invests in the project and they lose their money, they will come up with a cock and bull story that they didn't know the project was a fake project.

Not all cryptocurrency influencers are like this. Most of them are but we still have few ones that are doing the influencing job because they want to help out newbies in need. Without following influencers, I won't have had known some of the things that I do now know. It's easy to spot the fake ones because they're always promoting one cryptocurrency or another new coins that it's a fake cryptocurrency being hyped. Fake projects and fake influencers are all over the industry and if newbies like myself although I won't call myself a total newbie because I have been involved in the market for some time but took some breaks because of martial reasons. It's our duty to spot the fake ones and not allow them to make use of us to get rich quick. Follow the influencers with sense and only take the things that'll be important for your growth and forget about any other things they're saying.

[Cossyblack]

Person fit still follow them for following sake. However, the fact say them be reputable figures in the space no mean say we go take everything wey dem talk hook, line and sinker. All of them dey after their own interests. E just be like when CZ talk say the best place to keep awa crypto assets nah exchange but no be true and we all know the reason him make that statement. So, as a beginner, the best thing you fit do for yourself nah to just dey read and engage on the forum.

This your talk makes sense wella, no be everything wey influencers go promote in regards to crypto currency wey we supposed venture into. I can still remember vividly when one  prominent celebrity influencer popularly known as David Adeleke aka Davido bin dey promote his personal shitcoin called "Timeless Davido" wey him newly launched into the market. Because of say na celebrity influencer launch am, people start to dey invest heavily in that shitcoin and it com happens say the coin come later crash leaving a lot of investors at big loss. E dey very important for person to make e own personal research before venturing into any cryptocurrency promoted by any influencer whatsoever so in other to avert becoming easy preys to scammers.

[Mr Reporter]

Person fit still follow them for following sake. However, the fact say them be reputable figures in the space no mean say we go take everything wey dem talk hook, line and sinker. All of them dey after their own interests. E just be like when CZ talk say the best place to keep awa crypto assets nah exchange but no be true and we all know the reason him make that statement. So, as a beginner, the best thing you fit do for yourself nah to just dey read and engage on the forum.

This your talk makes sense wella, no be everything wey influencers go promote in regards to crypto currency wey we supposed venture into. I can still remember vividly when one  prominent celebrity influencer popularly known as David Adeleke aka Davido bin dey promote his personal shitcoin called "Timeless Davido" wey him newly launched into the market. Because of say na celebrity influencer launch am, people start to dey invest heavily in that shitcoin and it com happens say the coin come later crash leaving a lot of investors at big loss. E dey very important for person to make e own personal research before venturing into any cryptocurrency promoted by any influencer whatsoever so in other to avert becoming easy preys to scammers.

In addition some cryptocurrency influencers really are taking it too far, most of their they really advantage of the newbies this days, to me I will say depending on influencers no be bad ideas ohhh but it depends on the one you are following, so as newbies when choosing you need to do your home work wella, most of the time some are covered it sheep clothing not really knowing who they are, I had this friend of mine who also talked about this influencers and one faithful day it was a story that the coins he asked newbies to buy was to be rug and that is how many victims fall this scam.

[Tonimez]

Person fit still follow them for following sake. However, the fact say them be reputable figures in the space no mean say we go take everything wey dem talk hook, line and sinker. All of them dey after their own interests. E just be like when CZ talk say the best place to keep awa crypto assets nah exchange but no be true and we all know the reason him make that statement. So, as a beginner, the best thing you fit do for yourself nah to just dey read and engage on the forum.

This your talk makes sense wella, no be everything wey influencers go promote in regards to crypto currency wey we supposed venture into. I can still remember vividly when one  prominent celebrity influencer popularly known as David Adeleke aka Davido bin dey promote his personal shitcoin called "Timeless Davido" wey him newly launched into the market. Because of say na celebrity influencer launch am, people start to dey invest heavily in that shitcoin and it com happens say the coin come later crash leaving a lot of investors at big loss. E dey very important for person to make e own personal research before venturing into any cryptocurrency promoted by any influencer whatsoever so in other to avert becoming easy preys to scammers.

In addition some cryptocurrency influencers really are taking it too far, most of their they really advantage of the newbies this days, to me I will say depending on influencers no be bad ideas ohhh but it depends on the one you are following, so as newbies when choosing you need to do your home work wella, most of the time some are covered it sheep clothing not really knowing who they are, I had this friend of mine who also talked about this influencers and one faithful day it was a story that the coins he asked newbies to buy was to be rug and that is how many victims fall this scam.

It happens everyday and it will always happen because these influencers are humans too. It is in the nature of Humans to put oneself first and that is why we must be very careful when taking advice from them. Most new coins enter agreement with some of these influencers and gains publicity through them and pays them hugely. After publicizing these shitcoins, they quietly sell off their coins and withdraw from it but because they have been paid to advertise the coin, they won't be able to tell the community that the coins is about to crash. This is where newbies fall victim always. As a person, you should always have your personal judgement and give room for fear because it sometimes saves you from heartbreak and deception.