Topic: Beware of social media crypto influencers - page 2. (Read 697 times)

Absolutely, there are hundreds of ways to scam people off their money, new strategies are being deployed each time and we can play huge roles by understanding their cunny intros.

One way of getting people into this shit projects is by using top influencers to promote the coins, yes they are not part of the project only there to lure their followers into investing their money and this influencers are being paid in stable or fiats. Any plans on investing should be based on self justification and not persuasions or influence from any profile.

Ive seen always this kind of post in twitter or x which most of the posts is flexing the money in their wallet and what kind of coin they are holding and telling that they will give away a portion and sad to see that there's some people really expecting that someone will give them a free money instantly by having a comment their address, and also some of the influencers just to create a hype of a particular token even the project is seems sketchy they will just gather affiliate as they can so at the end its their wins. Not all influencers will accountable to the project for sure they will just wash their funds if the project gets rug.

To make money in crypto is not a small thing and you have to learn how to make money before engaging yourself in it, many people have fallen into the scammer's trap because they are very careless, the reason why I said they are very careless is that some people act as if they are illiterate because if not an illiterate how can someone post something or Twitter or online that you are going to make money through the way and you will believe, no one easily makes money and those who post online, if they know a way to make money they will never say it outside and let people know how it.

No one will let you know a good way to make money if not your blood or your best friend who wants your progress, I never believe anything that someone posted to make money because all is a scam, many newbies fall into the trap because they think cryptocurrency is making people rich quickly, many newbies need to be careful because if they keep believing some online stuff people post just to get their attention they will not have interest on cryptocurrency again because when they get scammed they won't believe in cryptocurrency.

Most of these screenshots are fake and so called Crypto Influencers are just going to get a good reach before making a rug coin themselves and shitting on their own followers. This is what most of the big influencers did in the past to gain money in previous cycles, now as they are "BIG" accounts, you won't see them posting them address of a coin below 100k mcap or something like that, you should never believe these people.

Social media is one place scammers and fake influencers go to alot because definitely they must get at least one fool who would fall for their tactics. We all know how cryptocurrency is being hyped, especially on social media space where almost everyone is talking about one cryptocurrency or the other.

One would ask, why are most scammers interested in crypto?
They chose cryptocurrency like Bitcoin because that is one way they can steal from people without getting caught. Crypto helps keep them anonymous. Imagine getting lots of people on a crowded social media space where you do not get caught.

With all the hypes on social media,  most people will fall victim to these scams and hypes because of the Fear Of Missing Out, and the truth is, many of these victims know very little or nothing about cryptocurrencies.

My advice is this, "do not be too greedy to invest in what you know nothing about, take your time to do a thorough research before investing".

My problem is that not only newbies that are been misleeded by influencer even old investors are somehow tricked to believe.

Anyone that is still decieving him or herself that bitcoin is A get rich scheme is been decieved and may never has the passion to invest in bitcoin because of his state of mindset.

Actually people has been used to make money in form of honey pot due to ignorant. Since there is no shortcut to wealth then we must apply caution in whatever we do.

No matter what you tell people about all these signal provider groups, they won’t still listen. All they want is a coin that will multiply their money within a very short period of time. That’s just the reason why most newbies do end up being scammed when they join the crypto space, because most of their aim is just to quickly make money after joining, but they don’t know that things don’t work like that. Most of the people that are always looking for signal provider groups are newbies, and we all know that most of those groups are fake, they are just after what they will be taking from people joining the group.

Some of the coins recommended by those signal providers are created by them, they do encourage people to invest what they have in the coin, and you will never know that the coin is created by them. After lots of people have invested, they end up dumping it on people that invested in the coin. We should just be careful, because scammers are just everywhere trying their possible best to scam people.

Twitter is one place newbies get deceived easily because people easily disguise themselves as influencers once they have gotten an account with lots of followers they make use of it to deceive people especially newbies. We just have to be careful with how we interact on social media especially in crypto terms there are lots of people who don’t have good intentions all they are after is to deceive people. It’s high time that people should stop believing that crypto is a quick money scheme and stop falling for obvious scams, people should start learning by themselves rather than relying on other people for signals. When someone even assures me that they can help me to make money i don’t even want to give them listening ears because crypto has no assurance.
You did well striking out the telegram username and twitter handle.

It may sound too radical, but all beginners who are interested in cryptocurrencies should stay away from all those influencers who would sell their own mother if it would bring them a profit. It's not only a dangerous game, but also a waste of time that everyone could use in a much better way - so if you can't resist this world of social networks full of false promises and scams, just stop using them today.

You can always communicate with your real friends through apps like Viber or something similar, you don't need Telegram, FB or Twitter.

Reminding all those newbies not to get attached easily with random social media influencers every now and then can really be helpful. But I don't think this will be enough. They should also make their own efforts to educate theirselves and open their eyes to the reality that getting rich quick profits is a big scheme. There's no instant success and profits, but everything should be worked hard first to earn significant amount.

However, falling into this kind of scam for the first time may still be tolerable and you'll certainly learn your lesson after that. But repeating the same mistake and seeing yourself being victimized again, that's already your choice. If you don't change your mindset and perspective, you'll never achieve your target goals.

This isn't surprising to me because I see this a lot. However, indeed, many people don't understand what's going on and they get scammed by these useless pieces of sh*t who can't earn money themselves so they use vulnerable newbies to fill their pockets. You can't stop this from happening because if you report their accounts, they create new ones and start doing the same thing with those new accounts and some people will still fall victim to these things.

What's extremely unfortunate is that X (formerly Twitter) now allows anyone to buy a blue tick for their account which has given an upper hand to such scammers and lowlifes because now they can buy a blue tick and some people would think they are influencers or celebrities and this is one of the biggest reasons why newbies often believe them easily.

People need to stay away from X as much as possible if they are new in the cryptocurrency industry.

That's how important it is for a beginner in the crypto world to join a legitimate crypto community, the purpose is to avoid the possibility of being deceived by scammers who take advantage of the greedy gaps of beginners.

for that always do

- do research first before buying or putting money in a cryptocurrency
- look at the reputation or history of the influencer
- don't trust 100% anything you just see on the internet

The forum here has been a very good source of information regarding the high rate of social media scams which a lot of online influencers has been a major contributors to but aside a newbie who just got registered today, I think every other member is aware of the social media scams and how the forum has been preaching against it to her members.

There's no shortcut to making big profit in trading or investments people should stop being greedy and focus on starting small and growing everyday as they keep getting knowledge on what they do. I think people who follow all the information they see on the social media platforms should not be pitted when they are scammed because they will not come out to tell anyone when want to involve in their greedy actions.

I saw a thread in this forum where Bitcoin was distributed to users for performing easy tasks. But the days of getting free valuable coins are long gone. These days it is common to see shitcoins and Ponzi schemes that promise investors quick returns. The common red flags of these scam projects are overhyping on social media and other channels and promising unrealistic profits within a short period. My advice to newbies is that they should invest in only Bitcoin until they have the experience to differentiate between scams and real projects.  

People fail to understand that some of these influencers know little or nothing about the crypto space. If they truly knew the secrets of how to make constant profit from the crypto projects they are advertising, they wouldn't be on social media. Most of them just want views or engagements on their channels so they can earn from it. Immediately the platform they are promoting scams people or go bankrupt they will claim that they do not have any relationship with the firm.   

In as much as we keep telling people to beware of influencers who come online to sell them dreams about crypto trading we should also try to find a way to hold these influencers accountable when they make people lose out on their investments.first of all they are influencers which means that people look up to them for guidance.as much as that is wrong, we should know that some people hold these influencers in high esteem.
although my advice will always be that people should not take heed to what these influencers are saying cause most of them sincerely have very low or no crypto knowledge.some of them were even paid by some scammers who want to swindle people out of their hard earned money so people should not take their words seriously.

Exactly. People refuse to learn, and that is why they fall victim to all these scammers. If there is knowledge about what you want to do seriously, you won’t be scammed, and you will know where to put your money, which will give you a return. Many people are too lazy to learn; even those who think crypto is a get-rich-quick scheme are all because they don’t have the knowledge of it; if they do, they won’t think like that since that is not how it works. 
 
However, influencers are the main reason why some people feel lazy about learning the crypto world before venturing into it. Influencers fill them with lies and give them a promising future about a coin just because they got paid for every advertisement, but at the same time, the people who invest in or follow those scammers should be the main reason; they suppose they know their worth; they need to know it's their money and not the influencers. Learning needs to be the first step in everything. 
 

For those who are not properly guided on crypto knowledge, these are major things that can get them enticed so easily. For us who have known crypto to be not a get-rich scheme, we overlook this by telling ourselves and others who care to listen that this is all a scam to make people believe that crypto can make them rich within a short time if they should invest in a coin or follow crypto influencers advice on coin to invest.

That being said, scammers already know that the way to scam people is to create a coin, promote it on social media, and have it pump in price. By doing that, they have won the hearts of many who will be longing to invest in their coin without researching it because many people thought crypto to be a get-rich scheme where they invest with their money and make a whole lot of money within a short time. That's why all these scammers use it as an advantage to people's weaknesses, that there are people on social who would want to be rich in a hurry.

Those who are greedy and not ready to be patient through their investment journey in crypto will have a rush of investment with them. In the end, it results in a loss of investment, which they won't learn from, by beginning to have a long-term investment plan on Bitcoin instead of all these pump-and-dump coins they learn about on social media

Beware of social media influencers in general, not only those who talk about cryptocurrencies.

The algorithms are designed to give greater visibility to those who arouse the strongest feelings, not those who tell the truth. Those who use more moral-emotional terms engage more, and therefore the algos give them priority and show them more frequently.

In my local we're talking about an influencer called "CryptoSpain", who has supposedly scammed many people in an exit scam recently. Although anyone with two fingers of forehead would have realized that the guy was not to be trusted, he said what many wanted to hear, was suggested more often than other content creators, and followed by a large percentage of the Spanish crypto-enthusiasts.

Don't be stupid. You don't need these people to tell you what to think. DYOR. By finding this forum you have got almost have of the work done

Do you think they know about all this?
Most of these so-called influencers don't hold Bitcoin, and some don't even know about personal wallets. They are mainly focused on centralized exchanges where they can trade or get some successful trades from people to use for scams on their platforms.

I stopped believing these influencers since the beginning of these telegram base tap or play to earn game; some of them are just after getting referrals, they don't know anything about Bitcoin and they will be leading newbies astray with false information.

Newbies, please stop believing these influencers, learn first and do research before starting your crypto journey.

Yes your are right cryptocurrency world has many scammers and hackers which makes people question Bitcoin legitimacy. Some people mistakenly think Bitcoin is same as fake cryptocurrency projects hurting industry reputation. Social media is full of false promises to make money quickly with very high returns in short time. These are obvious signs of scams. Investors should be careful and avoid promises that seem too good to be true. Bitcoin is genuine cryptocurrency that offers safe investment for long term not fake short term profits.