Topic: do you trust social media influencers on cryptocurrencies. - page 4. (Read 943 times)
Social media influencers aren't doing their work for free, they are into crypto themselves and they believe they can control the masses to invest in a particular project, this isn't safe because they might crypto FOMO just to get away with good ROI for themselves, learn to depend on yourself and try to start making decisions yourself too
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.
Honestly speaking hardly you will find genuine social media influencers on cryptocurrencies. As you said they come out when the market is green and disappears when the market turns bearish. This is a common thing. The market is like a jumping ball if it goes up it has to come down too So always be careful when you following the bull run blindly. Most of the influencer target to gain the follower & after that their target is to create a paid signal group and charge from the followers who are interested to get signal from them.
Yeah, most youtubers are paid to promote projects. Even if they aren't they often use their platform to promote their holdings then they dump on you.
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.
I do not trust anyone of them nor ever look towards their predictions, because they are doing so for their own benefits. For example, some of them gets paid to promote projects and will say all the good things, present the good interviews they had and so on, but most of them if not all of them, don't get paid in the project's token, so if you follow whatever review they made, that's up to you. On the other hand, the other class of influencers that jumps out during a green market should be avoided totally, because it is people like them that entices their followers into chasing the green market and when it dumps, they will remind you of the need to invest your spare and so on. If I can recall too, some of them also claims to experts and it is them that gave many predictions for several coins which never worked.
Therefore, I agree with you completely, know when to enter the market be it Bitcoin or other good coins, always invest what you can afford and if you must chase the moving market make sure to use a fund you can afford to lose, such that you can hold long term if it doesn't go as you planned without being bothered.
I mean, trusting social media influencer with your investment move means you take them as your financial advisor and that's just so wrong in many ways.
They might not have the capability to make the right decision and suggesting out of their guts. It's your money and you should not follow u professional advice otherwise you will bear the consequences because if anything bad happens, its you that lost your money so in a nutshell, I dont trust any of them.
They might not have the capability to make the right decision and suggesting out of their guts. It's your money and you should not follow u professional advice otherwise you will bear the consequences because if anything bad happens, its you that lost your money so in a nutshell, I dont trust any of them.
Everyone should never put their live into the risk by following what influencer said because mostly of them are liars.
This time he is getting jailed and that proves if that guy was a scammer. he got million dollars from doing varius promotions for the scam crypto.
Do not the fooled, those influencers are also crypto investors too, they are intentionally creating FOMO to get their own chance of dumping on people and exiting the market at the right time, safe yourself the respect and build your own strategy, there is always risks involved with crypto investments
They were wanna taking the benefits from their followers and we could take mcafee as the best example of how the crypto influencer can fool its follower for money. This time he is getting jailed and that proves if that guy was a scammer. he got million dollars from doing varius promotions for the scam crypto.
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.
This is not true. I don't know how important influencers can be to a project, most of this people you call influencers or experts are only but (paid) shills and nothing more, they can't determine a projects success or failure and Investors shouldn't invest in a project cause this or that Influencer made comments about the project, at most it could be a pump and dump project and the influencers would be around during the pump, but soon when the coin dumps, the investors are left alone, with their losses.I don't trust influencers or anyone who receives payments to talk about a project or give trading advice and other whatnots, in cryptocurrency, you must learn to do your research yourself, trust your discretion alone, cause you're the one bearing the risk in the end, and the profits as well.
I have bad experiences with social media influencers, in 2018 I followed the advice of influencers and ended up having a big loss in the end.
I think social media influencers are doing promotion projects for their own benefit, sometimes the projects they promote they have bought
early at low prices. After they promote and many interested investors, they will dump the projects.
In other words, many social media influencers use investors for personal gain. So always do research first before deciding to buy coins,
and most importantly don't use all the capital we have for investing in cryptocurrency.
I think social media influencers are doing promotion projects for their own benefit, sometimes the projects they promote they have bought
early at low prices. After they promote and many interested investors, they will dump the projects.
In other words, many social media influencers use investors for personal gain. So always do research first before deciding to buy coins,
and most importantly don't use all the capital we have for investing in cryptocurrency.
The main motive of these socmed influencers is indeed to gain money as much as they can.
How many influencers have you seen doing charity work and spending their money to less unfortunate people?
Not very many or should I say, very rare that you will encounter a genuine social media influencer helping other people.
Most of them are being paid by those projects they are promoting, so they don't care if the project is legit or not.
I guess, you've seen some of them posting messages in telegram offering their services in exchange of coins or fiat money.
So bottomline, I really don't believe or trust these influencers. Better trust your own instinct.
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.
I have bad experiences with social media influencers, in 2018 I followed the advice of influencers and ended up having a big loss in the end.
I think social media influencers are doing promotion projects for their own benefit, sometimes the projects they promote they have bought
early at low prices. After they promote and many interested investors, they will dump the projects.
In other words, many social media influencers use investors for personal gain. So always do research first before deciding to buy coins,
and most importantly don't use all the capital we have for investing in cryptocurrency.
I think social media influencers are doing promotion projects for their own benefit, sometimes the projects they promote they have bought
early at low prices. After they promote and many interested investors, they will dump the projects.
In other words, many social media influencers use investors for personal gain. So always do research first before deciding to buy coins,
and most importantly don't use all the capital we have for investing in 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.
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.
for me influencers can't easily say that bitcoin will go up, so they encourage their followers to join in and follow what he has to say. Remember that we are traders, where a trader has his own principles. If you only follow when the influencer brags, then what if the influencer is silent? is our trade also silent?
plus you say that "they are active when the market is bull and silent when the market is sluggish". How is it different today when the news on television finds out that bitcoin price has crossed $ 30.000 and is silent when bitcoin is priced at $ 10.000?
Influential persons are people like us. Cryptocurrency is still a new phenomenon in our life and we are all just gaining experience in it. The opinion of the so-called influencers can be heard, but this should not be a guide to action, but only as a recommendation of one of the members of this market. We ourselves must analyze the current situation in the cryptocurrency market and there should be no authorities in this. plus you say that "they are active when the market is bull and silent when the market is sluggish". How is it different today when the news on television finds out that bitcoin price has crossed $ 30.000 and is silent when bitcoin is priced at $ 10.000?
Nope because that’s too risky and not all influencers will share their thought about cryptocurrency seriously since some of them will do that for the sake of money. You have to know cryptocurrency on your own and don’t just listen to the hype of anyone and don’t invest out of FOMO. Cryptocurrency is very risky and if you keep on depending to anyone, then you might lose the money again.
My Simple answer is a big No. I don't trust them but I consider their input and weigh if there is truth in it since there is no harm in having more information to verify. Most of the influencers are paid shills or have a motive behind hyping a certain kind of cryptocurrency. That said, being paid/self motive already beat the thing called being unbiased.
Trust the social media influencers? No you shouldn't. High chance they are getting paid to promote a shit project or coins. They will shill as long as they are paid. Everything they say is scripted written by those payers. Around 99% of those "social media influencers" know nothing about the project they are promoting.
I would stay stay away from them. Most of those influencers are scams. Funny (but not surprised) how we see those influencers getting exposed daily.
I would stay stay away from them. Most of those influencers are scams. Funny (but not surprised) how we see those influencers getting exposed daily.
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.
Yeah, I also do not like people who just keep shouting about bulls and moons especially when they have been proven wrong dozens of time now as we have entered into a bull market even a kid can tell that top coins will moon so no surprises. 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.
Before when I was a newbie and don't understand anything yes, I use to follow a couple of then on YouTube and I have also made some profit among the suggested projects from them, but I have long stop following influencer, this forum is enough for me to get all I need to know.
i know so many bad influencers and they made me think that the term influencer is bad . i thought i will only experience that on other social media where no crypto is involved but you made me realize that they also exist in crypto niche but if theres bad there must be few that are good . a good influencer will show good stuffs only and if its in crypto , they will teach their followers if what is it and how does it work so that followers know what to expect . true good influencer gives updates from time to time and not just if when the market is healthy .
Why on earth will i trust someone who is paid to make some fomo about a particular project?, they are not to be trusted becasue they are doing something they don't believe in. Social media influencers has done more harm to gullible cryptocurrency investors than we can debate, they sometimes ago made me loss something i cherish in 2017, so, i hate them when they pretend to preach what they don't believe to followers in order to get rewards from the pay-master. Whenever i see a project be promoted by a social media influencers then no way for me to make investment with such project.
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