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Topic: Did you start investing in bitcoin because of some celebrity ? - page 3. (Read 819 times)

legendary
Activity: 2842
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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.
sr. member
Activity: 784
Merit: 366
Underestimate- nothing
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.
hero member
Activity: 2856
Merit: 655
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.
member
Activity: 210
Merit: 36
Eloncoin.org - Mars, here we come!
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.
jr. member
Activity: 59
Merit: 1
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 .
sr. member
Activity: 1022
Merit: 368
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.
sr. member
Activity: 278
Merit: 255
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.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Celebrities, influencers, athletes, politicians and other prominent people won't dictate what I should do when it's about investing.

They can give the idea but it's not going to be as easy as it can be because it is not their money that I will put in risk but mine.

Some of them don't take these things related to Bitcoin seriously so, how can we trust them?
sr. member
Activity: 2800
Merit: 344
when lambo...
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 ?
Influencers and celebrities are somewhat called manipulating factors that encourage people to invest in Bitcoin due to amazing and attractive promotions. But this is not how I got into the crypto space, it was just a friend of mind introducing the forum first and then starting to invest after gaining some ideas and familiarizing the trend. That was somewhat difficult before since not know whom to trust and what is a good and reputable exchange platform to use. It is more on the diggings but now, with the help of these social media influencers and user reviews, it is easy for them. Unfortunately, this also makes people easily get scammed due to following the wrong person because not all influencers are helping people some of them promote scam projects.
hero member
Activity: 2828
Merit: 611
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 ?
We can take investors of Cristiano Ronaldo's NFT collection as an example of how bad it can be if you are following your celebrity and making investments in things you don't even understand. Some investors even filed a lawsuit against him for the money they had lost. I wouldn't blame the celebrities in such cases though, it's the responsibility of the investor to make sure that their money is going to the right place and that they aren't investing in something that might just be shiny on the outside.

So, I don't think that it is wise to make investments in anything just because someone you like said you should do it or you do it because the celebrity or influencer you follow has done it, that's bad practice, and this usually ends up making you lose money because you don't know anything about it at all.
sr. member
Activity: 1498
Merit: 416
★Bitvest.io★ Play Plinko or Invest!
What a goofy way to start into something in my opinion but if it kept you here and you're not just a passing stranger that are just trying to keep up with that celebrity then good for you because that would mean that you've found something that's not really easily found for others, the passion for something. Of course, following what your favorite celebrity does isn't a good advice but you got to remember, they don't know you and you don't matter to them, you're better of not doing that if you know what's good for you. I hope that people stop doing this trend of following what the famous people are preaching or doing, not good for you and your soul trying to be a clone of somebody that doesn't know that you exist.
sr. member
Activity: 882
Merit: 272
Who would have thought that some Celebs will be talking about Bitcoin later? I did it when everything was cold and uncertain, because the utility of Bitcoin caught my attention, I never even knew that Bitcoin can be so profitable if held, my first plan was to use Bitcoin like a bank because it is decentralized.

Until later when I dig deeper, if celebes are the one telling you to invest in Bitcoin then you are not completely confused that Bitcoin is for you, and i just because Bitcoin is good doesn't mean it is meant for you, we are all humans with different mindsets.

As good as Bitcoin is many people see no need to have it, they are better off not having Bitcoin or getting involved in crypto, I have a big brother who doesn't care even when he has a lot of spare money he could have used to buy Bitcoin.

To make it worthwhile you need a good reason for accepting Bitcoin into your life, not because of some Celeb told you so.
sr. member
Activity: 1008
Merit: 371
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 ?

Invest in Bitcoin because you believe in it, not because other people tell you that Bitcoin is the future and you should invest in it. Find out everything about it and how it works and what its potential is in the future. Because when you invest in Bitcoin because you believe other people's words, then when you are in a loss position you will blame other people for the loss and say that Bitcoin is a scam - and many cases like this happen. So first find out everything about Bitcoin, and then you can invest in it.
member
Activity: 448
Merit: 94
Eloncoin.org - Mars, here we come!
I would never do that and without a doubt this is a wrong, one mistake that many people make is that just because they put their money in bitcoin or an altcoin they think about themselves as investors, but in order to become an investor you need to study the fundamentals of the markets for months if not years, and while it is true that in my particular case I invested in bitcoin just a short amount of time after I heard about it for the first time, the truth is I already knew a great deal about investing at the time.
Invest in good projects and they inreturn they bring profits at our ends. I've never doubted my skills to comprehend more complex tasks and handling them to my very taste. Learning from the mistakes of others. I've promised myself never to beckon on some celebrities or influences that's only in the space to promote some certain crypto related projects. We should have know better, not everyone succeeds in the space, we should be more open and straight when it deals with prominent projects, always focusing on the main goals.
legendary
Activity: 3612
Merit: 2506
Evil beware: We have waffles!
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 ?
Then they are huge idiots. Following 'what others say/do' is a very stupid way to live. Picking up interest in something because of what others are doing is fine but just blindly following without DYOR is pure laziness and is a recipe for disaster.
legendary
Activity: 3122
Merit: 1140
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 ?
Making yourself having that kind of investment decision just because of some influencers or celebrity is something that would really be risky. Why? not all those people who had been suggesting something will really be that telling everything or really simply that knowledgeable. You dont even know if they are really that knows on what they are doing or just simply they are really that going with the hype.
This is why if you are really that having those doubts not only just on learning something new then it would really be always ideal that you would be needing up to learn up something more or
verifying on your own via making some more indepth research.

Its always been that important that you should really be the one who do make out some decision specially on investment. Dont make yourself do get easily hooked
via with those people around no matter how popular they would be. Always mindful that your money is at stake on here and you should really be that wise and careful with your decision.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
I would never do that and without a doubt this is a wrong, one mistake that many people make is that just because they put their money in bitcoin or an altcoin they think about themselves as investors, but in order to become an investor you need to study the fundamentals of the markets for months if not years, and while it is true that in my particular case I invested in bitcoin just a short amount of time after I heard about it for the first time, the truth is I already knew a great deal about investing at the time.
When most of us were new, I think that many of us might have done the same mistake of being gullible and believers of these celebrities with anything that they endorse. But this time, our eyes and minds have been opened and we're not going to rely to any of them just because they became popular in the entertainment industry. That doesn't mean that they know it entirely what they're promoting but because they're too soft and just accepts any deals that will generate them income, even the fake projects uses them.
legendary
Activity: 2534
Merit: 1338
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 ?
I would never do that and without a doubt this is a wrong, one mistake that many people make is that just because they put their money in bitcoin or an altcoin they think about themselves as investors, but in order to become an investor you need to study the fundamentals of the markets for months if not years, and while it is true that in my particular case I invested in bitcoin just a short amount of time after I heard about it for the first time, the truth is I already knew a great deal about investing at the time.
member
Activity: 151
Merit: 74
It is not a bad idea to take advice from others when it comes to investing, but one should never rely on others to invest. An advisor may be very experienced but still the investor should take a decision after carefully observing his own reviews. I have taken the advice of an investment expert but that advice was in line with my analysis which is why I took that decision. Those who want to invest must prepare themselves. Must know the market well. If a celebrity or someone you know said and manage the investment accordingly, there will be losses. Do your own research as much as possible and then invest knowing the risks involved. Since you will not give your losses and profits to anyone, learn to give importance to your own decisions and not to those of others. But you must prepare yourself accordingly.
hero member
Activity: 812
Merit: 626
I don't know if it's someone else but for myself being in bitcoin it happened because of the decision of several things that happened that changed myself who originally was on the fiat side and hated bitcoin instead turned around by being in bitcoin even though I never once hated fiat and remained in fiat too until now it's just that I'm more inclined to bitcoin for now.

Influencers do influence some people it seems because there are indeed a lot of people who are here because of influencers but in my opinion it just makes the situation more complicated because we are not based on ourselves and instead just expect a situation that is only based on influencers in the end. I think trusting influencers too much is not good so don't rely on influencers especially in the crypto space.
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