Topic: do you trust social media influencers on cryptocurrencies. (Read 953 times)
Yeah, at some how I trusted them on their articles and knowledge about crypto but I'm not relying on them when it comes to decision making in investments and trading. I'm just gathering some information and tips from them that I can use for the future references.
No, I don't trust social media influencers regards anything. It can be crypto currency, a product or a service, doesn't matter, they aren't to be trusted. The only benefit you can find on their advertisements is that some influencers are popular and may lead a FOMO wave, so if you want to speculate and risk some money to make fast profit it might be interesting for you on this particular situation to follow their advices.
However in general, investors must do their own research and look for more feedbacks before investing in crypto currency, preferentially feedbacks from real crypto investors from different platforms and forums.
However in general, investors must do their own research and look for more feedbacks before investing in crypto currency, preferentially feedbacks from real crypto investors from different platforms and forums.
if they are the newest alt coin influencer, they will definitely give always positive tweets on the projects they support.
Even they are supporting one particular project, after seeing how dogecoins is performing these days, from that I am coming to a conclusion that following influential people will not be a big problem and definitely will be helping to make easy profits. Because, when people are shilling for their own benefit, and if we are good to make use of them with proper cautionary steps, then we not go for following them?Honestly so far I'm not following any of social media influencers but I'm just planning to do so; that way I could make some easy profits in the short period of time; only time knows that I am right or wrong.
Social media influencers are no more knowledgeable about cryptocurrency, when compared to you or me. Their recommendations are purely based on their own monetary benefits. In some cases they get paid to promote certain coins and in other instances these people may be owning large quantities of coins or tokens that they are promoting. While there is nothing wrong in investing in such coins, I would say that you need to do careful research on your own before doing that.
It is very unfortunate and we gonna call this a business. Money is above all, that what I saw this time, the more money you have, the more influential you are. And these innocent and NO-HOW media influencers take that offer without knowing what will happen next or they are dragging one's life to hell. However, as people grasp some learning and more market awareness plus their experiences it teaches them not to listen and believe this kind of curse. They are acted base of their own thinking, not coming from these influencer.
Maybe yes maybe no. They as influencers must have their own analysis for BTC, if they are the newest alt coin influencer, they will definitely give always positive tweets on the projects they support.
Trusting in social media influencers was one of my biggest mistakes I made when I join the cryptocurrency space it was only late that I realized that most of these influencers are just normal people who are trying to make every dollar they can in the crypto market in any way they can so a lot of time they endorse scam projects and get paid but investors suffer and I have experienced this time and time again so I strongly agree that you should never trust social media influencers.
Completely only Fomo in the fast time and in this trade is quite high risk. Like Elon Musk who in my opinion is still under the misuse of the media because every Tweet he makes makes the market shift in fast time. in this trade of course has a high risk. It is not uncommon for people to be trapped in a high price position and the price has experienced a dump
I would probably 100% distrust influencers promoting a particular project or coin. but Elon is different, he understands what he is writing and also he is also relevant to technology and crypto because as I know that he is the former CEO of Dogecoin. just like if a softbank or warren buffet wants to buy a stock, surely a stock will increase in value. So it doesn't matter to me if Elon promotes crypto as long as he knows exactly what he's writing 
Honestly, i have followed lots of twitter influencers and i can say that most of them are active during bull market and goes silent when the market is dull. you see post like btc pumping, lets go to the moon and so on whenever the market turns green. looks like most jump out from Nowhere to proclaim the BTC goodness. My opinion, if they failed to inform their followers and listeners to be careful and never to be greedy, then they are not truly crypto influencers. all they wanted to do is dump on their fallowers and move on.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing now. Do not go all out on BTC.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing now. Do not go all out on BTC.
nope, because i only believe with my own analysis my friend,
sometimes a social media influencers is not pure analysis, wich mean they will getting paid if they promote any altcoins project buddy
Honestly, i have followed lots of twitter influencers and i can say that most of them are active during bull market and goes silent when the market is dull. you see post like btc pumping, lets go to the moon and so on whenever the market turns green. looks like most jump out from Nowhere to proclaim the BTC goodness. My opinion, if they failed to inform their followers and listeners to be careful and never to be greedy, then they are not truly crypto influencers. all they wanted to do is dump on their fallowers and move on.
My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing now. Do not go all out on BTC.
It is quite a tricky question because i can tell you with my experience that sometimes i do find good coins from these social media influencers posts but yes mostly i do not take their posts very seriously especially the comments about everyday market because i have observed their most guesses are wrong but when it comes to pointing out new potential projects they can be useful. My belief is that whatever goes up will surely comes down and btc and other crypto will correct sooner or later and we might wait for months again before another major outbreak like we are experiencing now. Do not go all out on BTC.
The answer is a big NO for me. The reason is because, when i just entered into the crypto space in 2018, i generally used crypto infuencers as my guide and i sometimes tok their words hook-line-and-sinker which cost me a lot of money through bad investments.
I invested $2k in sparkster after recommendations of IAN balina. this turned out to be my worst investment ever. i was unable to recoup 5% of the total investment.
I invested $2k in sparkster after recommendations of IAN balina. this turned out to be my worst investment ever. i was unable to recoup 5% of the total investment.
I agree bro. Moreover, the louder the calls of such people to buy bitcoin and other cryptocurrencies, the closer we will be to the fall.
The influencer will always take the advantage from its followers. The crypto youtubers are also getting paid to promote the scam project too. I have seen some youtubers that blatantly promoting the scam crypto. I don't know what people think about that but it seems like the majority of its followers were getting brain washed lol.
Yeah, at some how I trusted them on their articles and knowledge about crypto but I'm not relying on them when it comes to decision making in investments and trading. I'm just gathering some information and tips from them that I can use for the future references.
wise choice. we must have a basis for our own analysis so that we can determine the right anticipation of our choices. there's nothing wrong with following the development of information from influencers, but don't make it a decision-maker. Influencers can also be wrong because market movements are full of surprises.
Part of the discussion that made be join crypto-currency was a part about crypto-currency influencers I was educated about those influencers and on my research they are not different from body lotion influencers who don't use the product, but are already know and famed in body lotion, entertainment and more, I think thats how crypto-currency is, the influence crypto-coin they don't invest in, so I have not trusted any crypto-currency influencers on social media or any where.
No I don't normally. This crypto space is highly depends on marketing band social media marketing is a huge part of it. Many crypto projects pay high amount to the influencer to say something about the project. Some of them are good some of them are nothing but scams. So good company s also promoting their products. So when ever you are knowing something from your favorite influencer always cross check them before investing on that projects.
I agree with you. There are many influences out there these days and we don't really know what kind of hidden agenda they have. If it about a not well known alt coins he might be an investors who is trying to sell. I would recommend to check his recommendations in the past before believing him. No I don't normally. This crypto space is highly depends on marketing band social media marketing is a huge part of it. Many crypto projects pay high amount to the influencer to say something about the project. Some of them are good some of them are nothing but scams. So good company s also promoting their products. So when ever you are knowing something from your favorite influencer always cross check them before investing on that projects.
I agree with you. There are many influences out there these days and we don't really know what kind of hidden agenda they have. If it about a not well known alt coins he might be an investors who is trying to sell. I would recommend to check his recommendations in the past before believing him.
No I don't normally. This crypto space is highly depends on marketing band social media marketing is a huge part of it. Many crypto projects pay high amount to the influencer to say something about the project. Some of them are good some of them are nothing but scams. So good company s also promoting their products. So when ever you are knowing something from your favorite influencer always cross check them before investing on that projects.
The name they give themselves say it all, they are influencers and the question I ask myself is why I would want to be influenced by someone when it comes to my financial decisions? There is no valid reason for that, if you do not know what to do with your money that is a sign that you should improve yourself in that aspect and not a sign that you should try to get external help, because no mater how good that help could be it is always going to be inferior to what you could do on your own.
Same with my own thoughts too. I am not following nor trust social media influencers on crypto because i know they are being paid with that. I'll always go with my own decision too without the influence of others. They are just the same with us. It would be better to stand on our own on what we think is better and possible than trusting on them.
Its based on who the influencer too, i mean if the one who said Bitcoin Pump soon is someone like American President, isnt it really will influence world and make his word came true? But basicaly, dont put your money in the influencer word, just invest base on your knowledge...
Just few people are real influencer and able to make a difference. A couple are totally anonymous like planB or cobra. others like "gemini twins" are well known in the field. Personally I don't trust too much what they are saying since I am trying to build my opinion on my own, but read their idea and posts it's always something "inspiring" to me.
All these crypto moonboys are worthless. All they do is pump up hopes and egos, giving ridiculous price predictions that are guaranteed to fail. They have no meaningfull credentials but people listen to them because they agree with them.
this is what influencing people is. isn't it? they say literally anything no matter if that is correct or wrong. and their followers blindly believe and agree with them and more worst is that those followers even try to convince others.by doing this they get a lot of referrals. they generate sales on their affliate links and they get huge payments for endorsing random projects. thats all what they want and get. they don't care about their audiences and their lose.
so just watch them for fun and do not invest bases of their guidelines or endorsments.
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