There is a price for every tweet they do. I remember someone leakan information about how much was paid to John Mcafee to shill a coin thru his tweet. And influecer is paid to do what they are doing as its a marketing gimmick for the team.
A new company like a team that will release a token will do everything to make their product widely known and hiring an social media influencer is on of the best practice this digital age.
Topic: do you trust social media influencers on cryptocurrencies. - page 5. (Read 953 times)
I don't really think that we could trust social media influencers on crytocurrencies because endorsements are all about business regardless if they really know what they are promoting. It is hard to believe what social media influencers are promoting because some of them are not really educated of what thay are promoting. Advertisments always deceive us.
I was following an influencer and a well known guy which was facing some hard days back in 2017, he's McAfee. He was shilling privacy coins and he was buying and holding big bags of them before any tweet. The plan was to shill these coins and dump them later to his followers, people were fomoing and buying insanely, he did it a couple of times i think. I was following crypt0 on youtube and omar turned to be a good and an honest guy. You should know whom to follow before giving your trust, that's my advice.
sometimes yes, but sometimes no,
because i only believe with my own opinion buddy, sometimes a social media influencers will always talk a good words for a project that paying with a good amount of money
regards
because i only believe with my own opinion buddy, sometimes a social media influencers will always talk a good words for a project that paying with a good amount of money
regards
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
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?
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?
A good influencer is that he always makes sure to give advice and keeps on reminding his followers that it's not financial advice and there's a risk for every action that they do. A shill influencer is only making his pocket full when he used to advertise repetitively a project that he seems to be paid and it's part of them being an influencer. Those promotions are normal for them and you as a viewer and follower, can just skip those things and just always go to the main point of that video you're watching.
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.
Be wise. 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.
Those influencers jumping in to pool of crypto, which mean they must post good things about crypto.
Did you aware from other side? They trying reach followers related for bitcoin and in final step, they promote such project for money not cause there are real of volunteers or enthusiasts of cryptos, that’s was business.
Cryptocurrencies are decentralized so you are not supposed to anyone's prediction whether it is bullish or bearish because they also the same as you when it comes to cryptos, they just pretend to know everything to make them more attractive and gain a few more audience because that is how celebrities are making money so don't give them chance if you don't want anyone to become such one.
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.
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