All the crypto industry is running by shills - page 3.

masterrex

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

I think shilling is a part of the crypto lifeline. It is just a kind of aggressive marketing strategy that uses famous personalities to promote a particular coin/token like Elon Musk for example, and it is very effective in some instances. IMO, I think there's nothing wrong with that strategy because I believe investors are already knowledgeable enough to choose what is the best cryptocurrency to invest in, base on their own judgment.

KaliLinux

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Quote from: wack slacker on May 30, 2021, 03:08:08 AM

The job of YouTubers is to make money and they make videos for people to watch it. They can exaggerate any project but they are not deceiving us. A good project will have many people's awareness and investment. So please accept advertising in the cryptocurrency market as a reference only.

I agree with you but whether they are just giving their own expert opinion about a crypto project or they are shilling any particular crypto, it is still dependent on the investor to have their own insight about the project, Do some form of research on the project and let the YouTubers view only be a point of reference as you mentioned.

wack slacker

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The job of YouTubers is to make money and they make videos for people to watch it. They can exaggerate any project but they are not deceiving us. A good project will have many people's awareness and investment. So please accept advertising in the cryptocurrency market as a reference only.

Teraboy

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That's a common thing and that already happened since long time ago. The fact that so many people were falling to the trap that already created by shills. The youtubers were not only for shilling but the youtubers were also taking the advantage by buying it at the dip and they were selling their stash at the top. They can take so many advantages at once.
Youtubers are only getting pair for shill and there's no genuine youtubers who discussing crypto based on their honest review.

eaLiTy

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

I do not disagree with this view point as the developers might be paying for shilling their project and during the bull run they might be employing these tactics to attract investors thereby making a huge profit of themselves as well. This nothing new and so is the reason you need to be smart enough to understand these trends and if the shilling is higher make sure to get in and get out at the right time rather than holding till the end Grin

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Youtubers get 30K for 1 video to talk about the coin

You mean $30k for a video to talk about a coin, i guess that is not the truth because it is serious huge money.

Mpamaegbu

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In the way you explained it OP, I don't think there's anything wrong for someone to shill a token. Even those who hodl Bitcoin also do that (I wonder why you left Bitcoin out of it). For me, I see it as a form of advertisement. Before DYOR, one must've heard about the token in question. It's the way that a token is talked about that can draw one's attention to it and then one goes to research it. The only place I can find shilling offensive is if it's put in someone's place or space constantly. Otherwise, I see it as the regular traditional kind of advertisement made modern. Shilling is advertisement, simply put. Again no one can force anyone to buy what they don't want. Your consent is required in such issue.

manggis97

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I think that not true, many altcoin has working product that consist of proffesional team member. The working product helped second party to run their business. Many company and personal people getting alot of benefits from crypto and blockchain technology. Content creator of crypto just small number who did get advantages from this market.

ilovealtcoins

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I think this is not necessarily true because good projects are still known by many people and serious and long-term investment if it is really good. We see that projects from 2017 to now are still developing well such as Synthetix, ChainLink. They also have bounty campaigns before ICO fundraising. Synthetix was quiet during the half bear market until it was really a strong project in the DEFI trend.

In addition to advertising through media channels, technological factors and the investment of large investment funds are also driving the cryptocurrency market up.

Psynthax

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So does any other investment instrument, it's not a rare sight to see the overglorified stocks get shilled so hard, same thing with some of crypto, when you're investing there's always some shill and it's a normal occurence. But what's important isn't how the shill could get the coin pumped temporarily but a long term price chart that shows the project is developing into a new height of technology and not just some pump and dump coins. Maybe some smaller market cap gets shilled so hard today for pump and dump, but who knows whether the coin gonna grow its market cap to be really big because they simply deliver what they promised?

Kemarit

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And majority of those youtubers doesn't know a thing about TA, LOL, they will just shill for the coins they have and just writing lines and shows everyone that it will be going to the one. So I would say we don't need to trust them, and those who blindly believed those shillers are going to be on a rude awakening as they will loss a lot of money on the market. Just used our common sense, study the market, read and try to gain a lot of knowledge. It might be hard, but for sure it will pay big dividends later.

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Quote from: Hamphser on May 29, 2021, 06:59:13 PM

Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

Always DYOR!

This market had lots with those kinds of propagandas and false advertising or just simply make out shills or fuds.So its just sensible that you should really be aware with those things that could happen.

When you do make out investment decisions then you should really consider on looking on what are the things should be look out for and you should make out hasty decisions without research or verification.

Dont easily listen into others recommendation because this is usually the reason on why most people do lost up their investment.

He must have lost a lot of money believing the shills on youtube. Thousands of them are there have invested in these coins when they are less than $0.05, you literally just selling them to you. They are not paid by the team but simply profit from the buyers. For XRP, this is definitely a scam project but since the token is growing in value I guess the small investors considered it an investment.

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

Always DYOR!

This market had lots with those kinds of propagandas and false advertising or just simply make out shills or fuds.So its just sensible that you should really be aware with those things that could happen.

When you do make out investment decisions then you should really consider on looking on what are the things should be look out for and you should make out hasty decisions without research or verification.

Dont easily listen into others recommendation because this is usually the reason on why most people do lost up their investment.

goaldigger

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That can be part of marketing strategy to attract investors and that’s the trend now. We cannot blame them on that desperate moves but if you are confident enough with your skills and knowledge about the market then you can easily spot those fake project into a good one and you can also know if its just a hype or a real update, this is also why you need to do your own analysis.

harapan

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

When do people start taking other people's shill messages as financial advices? I hope it's not in modern day crypto of 2021. Well, it's not all shilling thatis bad same way not all PR is bad PR. Some projects simply wanted to get word out about their project and get people to know about it. I do tend to ignore shilling that talks more about how the price might hit an unrealistic target without any reference to their value proposition of the project. As I said, not all shilling is bad shilling.

tippytoes

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Quote from: Baofeng on May 29, 2021, 06:21:03 PM

Firs rule here is:

DYOR (Do Your Own Research).

Don't rely on twitter, youtube or any other social media promoting or shilling coins, because it is obvious that these people behind have some narratives that will benefit them, or maybe they are paid shills, just like in this community. Or better, don't invest on any shitcoins, because it's a haven of pump and dump groups, trading signal groups and others that will suckered money from noob investors.

Exactly! You can always watch or read any promotional materials, but if you are a diligent user, you will find time to search the facts. Especially if you are investing some funds to the project. Look for actual developments and see if they are delivering their objectives. Most of these YT people are just being paid to give positive feedback. Not really a fan of those promoters. Better research on your own and assess the actual capability of the platform.

plr

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost guarantee you that they are paying for shills.
Don't believe everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

Some of the shills are traders and bag holders, they have pending orders and they are shilling their coins so their orders will be hit, most of those who create shills are new projects, that wants to establish their presence in the community and the market there are accepted shills like bounty campaigns. as long as they show us transparency and true information I don't have problems with shills.

decodx

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Quote from: Meta anggraini on May 29, 2021, 06:22:13 PM

Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

I believe theres some pay shill by whales to manipulate the market, but how do you know its 30k/ video? Its a big money to shill the market.
You really need big pump to make it to a profit then.

It probably depends on how popular the channel is and how many followers it has.
Although it's possible that some of the youtubers have such high earnings from their sponsors, I doubt it's for one video.

Meta anggraini

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Quote from: charlieargentina on May 29, 2021, 01:23:10 PM

Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.

Youtubers get 30K for 1 video to talk about the coin

I believe theres some pay shill by whales to manipulate the market, but how do you know its 30k/ video? Its a big money to shill the market.
You really need big pump to make it to a profit then.

Baofeng

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Firs rule here is:

DYOR (Do Your Own Research).

Don't rely on twitter, youtube or any other social media promoting or shilling coins, because it is obvious that these people behind have some narratives that will benefit them, or maybe they are paid shills, just like in this community. Or better, don't invest on any shitcoins, because it's a haven of pump and dump groups, trading signal groups and others that will suckered money from noob investors.

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Don't depend on those youtube videos that you see being shilled by a guy that has a huge following. You can distinguish which is being shilled and which is a good project that's really concerned with the community. This is not new. If you remember that John McAfee has also become one before and it was very effective to those projects that paid him a lot of money. In our time, it's not only about youtube content creators but probably also really popular people on their own industries.

Topic: All the crypto industry is running by shills - page 3. (Read 411 times)