do you trust social media influencers on cryptocurrencies. - page 2.

darewaller

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Quote from: BayAngelo on December 31, 2020, 12:29:24 PM

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.

Well, you called them social media influencers, and guess what they do? Social media influencing is their business, and they will be ready to do anything or promote/shill any coin on pages for money or for whatever benefit they are going to get from doing it.

So, it’s not whatever they tell you that you’re going to believe, you have to be very careful and do your own research when the so called social media influencers tells you what to do. Don’t be too quick to run and go invest in coins just because they told you that it is good or something, they can be paid by any team to shill their coins or tokens.

Yatsan

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I just follow social media influencers to get informed if something new is up but still the final decision making comes from me. I have my own mind to decide on my own so why bother trusting social media influencers when I can just barely do it on my own. I am not generalizing but there are biased influencers which can be misleading to its followers and if you have encountered such kind of influencer, then you might get lead into a wrong path. Just treat them to influence you on knowing something up new and verify it on your own. Follow it if it have been proven to be true but not at all times since you were the one to benefit or regret upon following them. Think on your own and lead your own way on crypto. Learning starts by trusting on your own and not being dependent into anyone.

bitcon

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You need to think with your own head. And in case of failure, who should make claims? Social networks do not bear any responsibility for fraud and other unpleasant situations. News from social networks can not always be trusted, not to mention the cases in which money is involved.

Temido2222

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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.

ene1980

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Quote from: Blitzboy on January 03, 2021, 01:49:27 PM

I do not put my trust on any influencers. I only trust myself and advice from veterans who I have interacted with in the real life. Social media are full of scammers and ignorant who only work for their money. And words of their mouth are controlled by anyone who pays them money. Therefore, trust yourself. Dont let anyone manipulate your money.

During the ICO boom some of the projects were able to purchase many notable sports and other celebrities to promote their projects and that included scam projects and those celebrities got into trouble by the authorities for promoting them and it clearly shows that you could manipulate the market by attaching a celebrity for their promotion and everyone learned their lessons from their past mistakes.

Majority of the people invest in projects or new cryptocurrencies hoping that they could profit from it but the scams burned a lot of investors and still people are not learning their lesson.

Blitzboy

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I do not put my trust on any influencers. I only trust myself and advice from veterans who I have interacted with in the real life. Social media are full of scammers and ignorant who only work for their money. And words of their mouth are controlled by anyone who pays them money. Therefore, trust yourself. Dont let anyone manipulate your money.

MonsterV

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honestly not, well if i know they are just influencers maybe if they have any backgrounds in cryptocurrency that might be good indicators to trust that influencers, but so far i haven't followed any influencers i don't trust easily i always make my own research about something before trusting it, you know just to double check.

toast

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it depends on their field if they are social media influencer but they are not crypto related influencer of course i wouldn't trust them if they promote cryptocurrency its probably a paid advertisement sharing personal crypto insight will be a different topic though.

Alohadanc3

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No I don't fully relly on their coments or ads or whatever it is. I know social media platforms are are very good for collecting data about anything but when it's comes to promotion as a consumer it would not be a best choice to believe in all. And in the investment sector it's kind of risky. So I would suggest if you saw or know something from someone in social media always do some research on your own first then go for any kind of investment.

Chainsmokers

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social media is one of the most extensive information but not all of them are well proven many spread fake news if you want to analyze better about crypto better go oficial and always look at the graph how the graph works

sapnu

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I think I would rely on their reliability before completely trusting them. Social media platforms are very broad and might be confusing and misleading at some point. Fame might be on someone but that doesn't mean you are supposed to believe them or hold on to their predictions. Even though they are influencers, you should always stay on your mind and make sure that you will base your beliefs through your own spectation and analysis so that you can think more straightforward.

Banulit

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There are several social media crypto influencers that is really good in giving advise that make them worthy of our trust however even though they give good advise you are still the one who will make decision in doing crypto things. You just need to be more wiser in every action that you are doing.

cryptoknightt

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like that is a prediction, if they predict something then the prediction is correct then they will proudly say it to the public, whereas if their prediction is not correct then they will immediately eliminate it or not bring it up at all.
and will make another statement when the previous news has faded.

trauchot

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I don't trust anyone, because most famous people who writes something about cryptocurrencies in social networks always get money for it and therefore we shouldn't believe such people, because we all saw what John McAfee wrote and how much money he received for it...

akar87

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Quote from: tsaroz on January 02, 2021, 01:29:15 AM

In my experience, everyone here are trying to make money when it comes to influencing people about crypto. There are some neutral people but they speak what everybody knows. The secret of being successful on crypto market is being able to predict the moves of whales and manipulators. You don't need to be 100% right, you just need to be more right than wrong.

Most effective when promoting project using media social because many communication of interaction happening on social media like Facebook or twitter so become easy how to get investor by promoting with social media, just after many people know with how project working give education with telegram community group to make investor most understand how project working and give analyze for the future planning for some project.

jaberwock

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Quote from: ?? on ??

Quote from: Baimovic on January 02, 2021, 07:27:02 AM

if only to keep up with the latest updates on a project it's not a problem, but there's no need to believe it. Because Crypto influencers work within their fields and are paid to attract public sensation, but I personally don't expect much about that. I just use it as a reference and nothing more.

Totally agree with what you are saying, most Crypto influencers only work to create some interesting sensations, because they are basically being paid for it, so don't trust what they are doing, just look for references and if necessary be reviewed repeatedly.

People get too egoist with power and that causes the biggest problems. Normally when a new twitter account starts sharing good news, literally just news, get it from somewhere and share it with the world, and basically become something decent, with a few followers, they start to become more opinion oriented because they got followers.

Now consider this times a thousand, when someone gets to be over 100k+ followers, they stop sharing just news, they share their opinions like they are the rule and when they are wrong they just do not even acknowledge they were wrong and they move to next opinion already and share that, which becomes toxic. That is the problem with influencers, they start off well and they have good intentions but the more followers they have and the more people share their love for them, they become even more dangerous than their intentions.

cabron

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Quote from: wxxyrqa on January 02, 2021, 10:36:40 AM

Quote from: Francis Freeman on January 02, 2021, 08:01:35 AM

To answer your question nobody should trust any kind of influencers. What you can do is use them and follow them to get a hint of what's going on in the world of crypto ,then research further and make your decision on whether the area and the project is good .

I think that the statements of certain people are still worthy of the attention that we show them. I am especially interested in the opinions of those people who have repeatedly proven their ability to understand the cryptocurrency market and predict the development of events in the near future. There is no question of too big forecasts, since only the Almighty can do it.

There are several youtube guys that I subscribed to because I like what they're saying to their video. There are channels that review tokens which they are also updating their followers about what is about to happen to the project.

I followed many projects and there are some that I don't know and I'm a bit lazy reading about the project but I end up learning about the project when they feature it. I feel enlightened when I know about the project and helps me decide whether to buy some or not.

wxxyrqa

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Quote from: Francis Freeman on January 02, 2021, 08:01:35 AM

To answer your question nobody should trust any kind of influencers. What you can do is use them and follow them to get a hint of what's going on in the world of crypto ,then research further and make your decision on whether the area and the project is good .

I think that the statements of certain people are still worthy of the attention that we show them. I am especially interested in the opinions of those people who have repeatedly proven their ability to understand the cryptocurrency market and predict the development of events in the near future. There is no question of too big forecasts, since only the Almighty can do it.

aTriz

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I don't follow any influencers. I sometime visit their profiles on social media channels. I sometime watch their videos on youtube and linkedin. but I never make my investment decisions bases of those so called influencer's speculations and signals.
so those influencers are totally failed to influence me and my crypto life. I always do my own due diligence. do my own research and then I invest in crypto market. which I don't do too often. I hardly invest in something nowadays.

sana54210

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Quote from: Miaallen on January 01, 2021, 06:50:53 AM

No one should take what a social media influencer as a means of getting information or advice on making investments decisions. Those social media influencers are paid for whatever they are to say about a project or investment platform. And you should know that whoever pays the piper dictates the tune.

You're right. Maybe after you get information from the social media influencer, you must search for the other info to know if they are right. I am sure you can get many things that you should have to decide to invest or not later, so you do not pick a wrong investment in the wrong project. If you just follow whatever they say, you can waste your time and money because you do not search for another review.

Doesn't that kind of depends on the information you are getting from them? I mean I do not trust any social media influencer ever about a new project going high, or even bitcoin going high, whenever they speculate on price of something I completely ignore them all together.

However don't you think when they share a news with you, it is important to check that out and also research if it is true or not? This is news after all, like if I hear someone say "grayscale bought another 100 million dollars worth of bitcoin" I do check if that is true or not, instead of just completely ignore it, that would be a lot more different than the ones that says "xyzcoin will go moon!! buy now!!" type of posts which is obvious that they got paid, there is no reason to care about those ones. At the end of the day we should focus on what they share, and not who shares it.

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