Topic: do you trust social media influencers on cryptocurrencies. - page 3. (Read 953 times)
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 .
One should not just trust influencers, because we already know that influencers are someone who works for pay, so they will
always promote any project positively and attractive, so that their followers grow, and it can make a lot of money for them.
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. always promote any project positively and attractive, so that their followers grow, and it can make a lot of money for them.
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.
Half of social media influencers are shillers, that's the fact.
They most of the time hid behind bitcoin and stylishly promote other altcoins which they hold bags and when this market pump, they sold and leave you hanging with loss.
Telegram crypto signals aren't excluded, I make sure I look at their content as educational and not Financially.
That's frank but true, there's reason why these influencers spending their time creating some videos and posts. It's because they are getting paid otherwise they won't even move their finger to get out some effort.They most of the time hid behind bitcoin and stylishly promote other altcoins which they hold bags and when this market pump, they sold and leave you hanging with loss.
Telegram crypto signals aren't excluded, I make sure I look at their content as educational and not Financially.
Social media influencers is the last person people should trust, they are just promoting, promoting and promoting except very few.
One should not just trust influencers, because we already know that influencers are someone who works for pay, so they will
always promote any project positively and attractive, so that their followers grow, and it can make a lot of money for them.
always promote any project positively and attractive, so that their followers grow, and it can make a lot of money for them.
I don't trust crypto influencers or other social media or even cryptocurrency experts, I just use them as references and don't trust them completely. in this industry there is nothing you can trust, let alone fluctuating crypto prices that cannot be used as a benchmark. As an investor, you need to really research more about the projects you want to take part in, manage your money properly, and not be greedy.
You wrong when not believe with crypto influencers social media, look last tweet from Elon Musk and check whap happen with DOGE coin after his tweet, price pump just few second from his tweet so its most important if you wanna success in cryptocurrency you need to check social media and waiting for what new update giving by some one have big change for cryptocurrency. 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.
Is the results are good? Or something you will say that we need to be careful as well. 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.
A lot of people pretending to be social media influencers particularly into cryptocurrency. Actually, there is no wrong if we follow them, listen to them but we should also have to think if they are also saying the right things about crypto. if these people are also crypto holders, they might know more about it but if they are not, they are talking nonsense.
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.
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. 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.
I don't trust social media influencers on cryptocurrencies but sometimes they may provide useful information that will help you to take the right decision. you don't have to invest money just because they say, it's better to analyze yourself.
It is a 2-way thing, there are some of them that have good track record shilling projects but there are some all they do is to shill a project and dump on you. The one you see that after shilling a project the price dump, never listen to him/her again. You need to know that it is your money that you are investing into this projects, if a tokens has pumped before being shilled do not buy, because that is a sign of inside trading
The crypto currency investment space is a selfish market where you have to trust only yourself, so listening or following social media influences decisions on a coin is not good at all. You need to be independent when making investments decisions
Always do your own research
Always do your own research
They not need to make a noise when btc is at its bull because people will already know that by themself but the best time to show up and encourage people is when the market is in bear because if people will buy the market will recover and boom
They can still make a profit that way but with less effort .
If influencers are confident enough that their followers are going to stick with them and follow them , they won't be afraid to do crazy things but if influencers are caring to his followers he will only influence them in a fair manner .
They can still make a profit that way but with less effort .
If influencers are confident enough that their followers are going to stick with them and follow them , they won't be afraid to do crazy things but if influencers are caring to his followers he will only influence them in a fair manner .
Social media influencers is the way how to promote some project and make investor interested, without Social media influencers many project failed because investor do not know how development of some project and how going so far with road map and listing coin. Maybe with media social give positive impact how ICO and investment coin can increase to higher price by investor excited, without investor and media social project investment is nothing.
Most social media influencers are just being paid to promote or endorse something so it's really hard to trust them. Some of them are just spreading fud for referrals which will only be beneficial to them. They might be a few numbers of trusted influencers but I guess it's still better to do our own research than to rely on social media influencers.
Social media influencers are self made people, but beyond certain point they serve as ambassador to different services and products with their popularity. So, these people doesn't have any influence over the cryptocurrencies. Most of the time these people without understanding the core value promote projects just for money. Believing the words of these people, more investments were attracted by lot of scam projects.
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.
Influencers are very important to a project, influencers are a marketing strategy so it's only natural that the coins / tokens promoted by them price will pump.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.
but not all influencers can do that, depending on the influence they exert on their followers on social media.
be careful don't be easily attracted, it doesn't mean the project they are promoting is Legit.
Indeed it is very important but the question is, as an investor do you trust them? I am hesitant to say yes because lots of them are being paid to advertise a certain cryptocurrency. After knowing Mcafee, I never believe anything what an influencer said unless I do a research on them and study that cryptocurrency.
therefore I said, project that promoted by influencer is not necessarily legit.
Half of social media influencers are shillers, that's the fact.
They most of the time hid behind bitcoin and stylishly promote other altcoins which they hold bags and when this market pump, they sold and leave you hanging with loss.
Telegram crypto signals aren't excluded, I make sure I look at their content as educational and not Financially.
They most of the time hid behind bitcoin and stylishly promote other altcoins which they hold bags and when this market pump, they sold and leave you hanging with loss.
Telegram crypto signals aren't excluded, I make sure I look at their content as educational and not Financially.
You should always do your own research. If famous person posting that this project is good when he probably was paid for it. Think about it
There are several influencers across the world in crypto community but one thing for sure is no one has the ability to predict the exact price, yes I agree most of predictions works that is based on the analysis like the way social media influencers are sharing their opinion. Crypto is not like stock market many so called experts have failed on their predictions so it's always better research on our own rather than trusting others. If money is involved automatically risk has been involved so never ever trust anyone in this community.
An influencer marketing strategy is implemented to attract and encourage users/investors. They target a wide range of audiences for an easy process of disseminating information and promotion. Honestly, it is difficult to trust any of those so-called influences as there is a chance that it will induce you into developing a passive decision. Some of them are just manipulating their followers as they have gained their trust. Consequently, I choose to stay away from listening and believing them as I can evaluate the market situation myself or any project that I find interesting.
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