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Topic: Did you start investing in bitcoin because of some celebrity ? - page 4. (Read 819 times)

hero member
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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.

actually you are making sense because some of the influencers right now do the same people to invest in cryptocurrency especially some altcoins that does not have a potential so what I'm trying to let us know is that if you want to invest in cryptocurrency don't wait for someone's recommendation make sure that you make your own research to know the advantages and the disadvantages impact of it before you invest because probably many people redirect beginners who in you into cryptocurrency to invest in some certain cryptocurrency investment platforms using a celebrities name and after the investment the investors who invest would not reap what they have invested so probably that is a pure scam so we don't need to indulge into some certain recommendations of people.
member
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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.
hero member
Activity: 1470
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Instant cryptocurrency exchange with own reserves!
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 ?
it is obvious that we start our cryptocurrency investment especially bitcoin investment when we feel like because what motivated some of us to invest in cryptocurrency is not that we are being inspired by any celebrity our motive to invest in Bitcoin is very crucial and it is a personal decision to anyone who is into cryptocurrency but on my own understanding and the reason why I invested in Bitcoin it is because of privacy and I made a research to know Bitcoin, likewise other people for bitcoin is very wild and popular for people to invest on it without anyone to tell you.
hero member
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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 ?
No, I don't do anything in my life motivated by celebrities. If they advertise a service or product, for me it's indifferent. What I pay attention to is the product's usefulness itself and how it can impact my life positively when adoptint that. If there is a celebrity promoting it, it doesn't matter at all. On the other hand, if the celebrity in question is someone I dislike or have bad backgrounds, I confess I will tend to dislike the product they are promoting as well... In conclusion, talking by myself, there aren't positive points in hiring celebrities to advertise, because there aren't positive impacts implied on their presence on the ad, but there are negative ones when they are negatively perceived.

Other people may be heavily susceptible to celebrities, though. And that is why such worthless things as celebrities exist in first place... People are constantly seeking someone to idolize, unfortunatelly.
legendary
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At the time that I had found out about bitcoin, there was very few people actually speaking about and promoting it. “Way” back in 2013ish timeframe very few people had still yet to have heard of bitcoin and there certainly wasn’t tickers scrolling the current price of bitcoin at the bottom of all financial news outlets such as CNBC, for example. It was a very different time back then.
full member
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Of course not. Making Bitcoin investments is something I came to understand properly and like when I joined the forum as well as spent more time here. During my newbies days I had a vague understanding of how Bitcoin investments work mainly because of the wrong and funny explanations made by people like social media influencers out there. I can bet you that although a great deal of people have heard about Bitcoin and it's potential, only a few of them are fully aware of how it works.
In some countries where crypto is regarded illegal by the government, they hardly have celebrities whom make Bitcoin popular by even talking about it publicly. It is even difficult for Bitcoiners in such locations to carry out their crypto related businesses and stuffs at ease.
When we want to understand well the investment we are going to make, of course we have to first find out the understanding about it well and spend a lot of time on this forum, of course it will be better because we will be able to understand the understanding of Bitcoin from them. who has first to understand it well.
Yes, of course not everyone will invest in Bitcoin even though they have a good understanding of Bitcoin investment and for those who want to invest, of course they will try to understand how it works and how to get profits from investment and for some countries that banning crypto, of course only a small portion will invest in crypto.
hero member
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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 am in Bitcoin since 2015, when celebrities and influencers weren't as popular and influential as they are today, at least in my generation and in my country they weren't on a high level. Also, influencers didn't know Bitcoin and weren't promoting any crypto projects or currencies.
Celebrities and influencers don't promote Bitcoin, Monero or any other worthy cryptocurrency, they always get hired by ponzi project owners, then pay influencers to promote the project while influencers have no idea what they are promoting. In other words, influencers don't promote Bitcoin and whatever they promote, is a total scam in 99 out of 100 cases. Btw if someone like Elon Musk starts investing in Bitcoin, you should keep an eye on that fact because that usually means increased demand on Bitcoin and bull market.
copper member
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I invested in Bitcoins back in 2016-17 when Bitcoins were not so popular. I hardly doubt that at that time any celebrity was aware of this fantastic crypto. Nevertheless I have seen many followers blindly follow their idol celebrity. Hence, if any celebrity public promotes his investments, then all the fans will definitely follow them. This can also be seen by the TV and social media ads done by the celebrities and their fans blindly buying it. But actually when you are investing, you should do your own research to get the maximum profit and less losses.
newbie
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do only fans girls count as celebrities? they all ask for payment in btc
hero member
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Is it a wise decision to do so or we should do our own research for better results ?
it's always important to do your own research when you want to invest in something and even if a celebrity influenced you to invest in something that they are promoting, you still need to do your own research and understand what they are promoting. sadly a lot of people do not do this and just blindly follow what their idol says and the end result is either they lose their money because they don't know what they are doing or lose their money because it is a scam.
Research has become a necessity prior to investing. Even if most celebrities prefer to invest in that type of investment, still the risk to lose will always be there knowing all investments don’t have guarantees to end up profiting. So don’t just be a copy cat, but do your own diligence to learn. Investment will be more successful if you have the good knowledge and have good strategies to make it work, and not just like you rely on other people’s decision making, regardless if they are celebrities or not.
-.-

But I don't usually follow those celebrities who're promoting or endorsing some other coins because it's a trend now. Just a mention of a certain currency by a celebrity can be enough to attract potential investors, but I don't believe in that because I follow my own analysis, and before I engage in a new currency or project, I do my own research.

Following celebrities/influencers in the market is not too bad because through it we will be able to access or know projects that may have potential. But whether to invest or not will depend, we need to research and fully analyze the potential of the project before making a decision. We should not invest blindly and accidentally become liquid for them.

In addition to holding bitcoin, I also invest in altcoins so I don't mind following some celebrities or market influencers to keep an eye on some information. But when investing in any project, I will research it myself and not invest indiscriminately.
sr. member
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Whatever the desire all starts from oneself first, then comes an invitation from others to participate. For me personally of course not because at first when I wanted to invest either in BTC or any other type, it was purely of my own volition and not at the instigation of others.

For those who are young at heart, it is most likely yes and may be necessary, especially for those who like it, besides that it may already have its own community, although the number is mostly relative, meaning that not all young people choose to go there. Yes. Generally everything should be in line with personal goals and risk tolerance.
full member
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Is it a wise decision to do so or we should do our own research for better results ?
it's always important to do your own research when you want to invest in something and even if a celebrity influenced you to invest in something that they are promoting, you still need to do your own research and understand what they are promoting. sadly a lot of people do not do this and just blindly follow what their idol says and the end result is either they lose their money because they don't know what they are doing or lose their money because it is a scam.
Research has become a necessity prior to investing. Even if most celebrities prefer to invest in that type of investment, still the risk to lose will always be there knowing all investments don’t have guarantees to end up profiting. So don’t just be a copy cat, but do your own diligence to learn. Investment will be more successful if you have the good knowledge and have good strategies to make it work, and not just like you rely on other people’s decision making, regardless if they are celebrities or not.
Exactly. Bitcoin aside, many celebrities are being used to promote something, and of course, because a celebrity endorses it, expect that many people will be attracted to it and start to follow it, even if it is not just bitcoin or crypto currency-related. For me no, I started doing bitcoin or I have know bitcoin because one of my classmate in college introduce it to me by offering me side jobs related to earning bitcoin and from that I started to dig deep and widen my knowledge when it comes to bitcoin and crypto currency and I'm thankful to the person that introduce me to this industry because it keeps me making extra income.

But I don't usually follow those celebrities who're promoting or endorsing some other coins because it's a trend now. Just a mention of a certain currency by a celebrity can be enough to attract potential investors, but I don't believe in that because I follow my own analysis, and before I engage in a new currency or project, I do my own research.
legendary
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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 ?
No.
If that's the case for me then I would've lose huge amounts of money already. It's because there are many celebrities who are promoting different coins in the past, and even until now (although it's way fewer already).

I have been influenced by the fact that I can make money if I invest into Bitcoin that's why I learned at least the basics of it and invested on it. After all, many look at Bitcoin as an asset that many believe that they can make money if they invest into it. On the other hand, I also look at it as a currency as well. Investing not only on Bitcoin, but with other projects as well just because of a celebrity isn't a good idea because you might lose money in the end. I remember when John McAfee continued to shill some ICO's back in 2017-2018. Many made profits off of it, but most of them lost their money because they invested on a project he shilled.

Overall, investing just because a celebrity told so isn't a great thing to do. You must have your own reason as to why you should invest into Bitcoin and any other coins out there.
LDL
hero member
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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 ?
To answer your question I would say I never follow any celebrity when it comes to investing in Bitcoin. Investing in Bitcoin is a purely personal matter where I do not follow anyone else's predictions or suggestions. Celebrities often make announcements to hype up Bitcoin and investing according to their announcements will definitely lead to losses rather than gains. Moreover, an ideal investor never invests in Bitcoin by watching others or following a celebrity, rather he invests in Bitcoin by doing his own research and market analysis. An investor does not invest all his capital in bull market according to someone's suggestion but he invests in Dollar Cost Averaging i.e. DCA method where there is definitely a high probability of profit in that investment.
Don't invest your money with following Celebrities....
sr. member
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Of course not. Making Bitcoin investments is something I came to understand properly and like when I joined the forum as well as spent more time here. During my newbies days I had a vague understanding of how Bitcoin investments work mainly because of the wrong and funny explanations made by people like social media influencers out there. I can bet you that although a great deal of people have heard about Bitcoin and it's potential, only a few of them are fully aware of how it works.
In some countries where crypto is regarded illegal by the government, they hardly have celebrities whom make Bitcoin popular by even talking about it publicly. It is even difficult for Bitcoiners in such locations to carry out their crypto related businesses and stuffs at ease.
hero member
Activity: 840
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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 ?
This Question to me looks like a survey question. well, why would I invest because of celebrity influencer, well if I do this it means I'm not matured in mind to take investment decisions, From what I known in the last couple of years I started investment, and when it comes to investment it's not something you do base on what a celebrity has done, wrong! .Rather Investment, basically investment into Bitcoin is something you don't need someone to do, it should be done base on your knowledge about Bitcoin and if you think it worth risking.
legendary
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I don't know any celebrities that got involved with Bitcoin in my country since it's illegal according to the central bank and government. I did my own research and decided to invest in Bitcoin. No doubt each celebrity has their own followers, and they are following him or her blindly. So these followers would be inspired by celebrity influence. They could help expand the Bitcoin network when they share about it. So his or her blind followers would start investing. But investors must also need do research. I don't support any blind investment in Bitcoin. Everyone should know what Bitcoin is and how it works. 
hero member
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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 did not come into the Bitcoin space because of any celebrity or influencer. My curiosity brought me here and that the success I have had all these years is what has kept me going. Celebrities do not a sway in my decisions because most of the celebrities promote stuff that they don’t understand. They promote anything as long as they are getting paid, very few of them make research on the stuff they advertise on their platform.  
In addition, celebrities have a lot of money so even if they invest without getting research, still they won’t lose all they have. Unlike us who have limited funds only, having research first should always be a must so that we won’t end up with a non-profitable investment but with a good and highly profitable one.

However, as for me, I don’t invest because majority are doing so. But I am investing in bitcoin because I know personally how it will turn in our dreams into reality as long as you do the right thing.
full member
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Is it a wise decision to do so or we should do our own research for better results ?

It is a very critical decision to be among those that believe that anything that a celebrity or any influencer did will influence them to join because they will definitely regret their action and they will be used as a source to be scammed. That means anyone engaging in such a lifestyle is definitely at a high threat in life because, apart from scaling, they will also be used to sell out goods that might be harmful to them.

Everyone knows that doing your own research is the best way to join bitcoin because without knowledge in bitcoin, you are of no use because instead of gaining, you will only be losing, and no one will like to be used in life. That is why doing your own research is the best way to have knowledge about bitcoin, but you might be influenced by social media about bitcoin, and those that influence you might not be a celebrity but have a have a higher intellect of bitcoin. 
sr. member
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I see that current youth is inspired by celebrities and influencers in big way.
Celebrities have some kind of influence over their followers and that's why they're are paid handsomely to advertise projects for the crypto community.

Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ?
I didn't invest in Bitcoin as a result of endorsement by a celebrity and I don't know anyone who's close to me who did.

Is it a wise decision to do so or we should do our own research for better results ?
When it comes to investment it is always wise to DYOR before investing. You shouldn't blindly put your funds in any project because a celebrity endorsed it. Celebrities most times do not research about the projects and all they care about is getting paid for the advert.
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