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Topic: Honest question, what to think about “crypto” affiliates or influencers? - page 3. (Read 660 times)

legendary
Activity: 2086
Merit: 1759
Honest question, what to think about “crypto” affiliates or influencers?
As far as I know, affiliates and influencers can be said to both market or recruit users, through advertising how to trade crypto on YouTubers as a whole, as you can see, However, the two sources did not actually carry out crypto trading as seen, they only edited it to look like it was real and actually happened, to attract crypto users.

What differentiates affiliates & influencers is: [1] Their affiliates are required and obliged to attract users to trade, usually we will see a reference link in the description of their YouTuber channel, the more users, the affiliate can get a high percentage of the exchange and [2] the influencer only does advertising, Influencers don't care whether users trade or not, the point is: they are only for advertisers on YouTubers, because they are paid in advance by the owner of the crypto trading exchange or based on a rate card.

For this reason, don't be surprised if you see them taking great pains to edit, create content and so on so that it looks good and perfect, because they do it for money, not based on their experience.
legendary
Activity: 2800
Merit: 1128
Leading Crypto Sports Betting & Casino Platform
I honestly can't remember the last time I saw a video made by a crypto influencer. I used to watch them but that was a long time ago. The reality is that when we are truly a crypto trader then we are always much busier focused on our trading. And we are also busy looking for fundamental information that is useful for our trading.

But it is possible that the influencers who create video content on YouTube are also professional traders. It's just that when they get a lot of viewers or followers, I also know that income from YouTube is actually higher. And the process of making videos actually doesn't make us too stressed. And will not be afraid of experiencing losses. That's why there may be many traders who actually change professions to become affiliates or YouTubers. Because they know that even though trading in crypto is also profitable, there are also big risks that they have to face. And when they have found a better way to make money with less risk, namely by creating YouTube video content by sharing their trading skills, then I think it makes a lot more sense. Maybe I should also start learning to make videos and become a content creator  Grin
I would say making videos everyday and putting a lot of effort into them is still a lot of work, it just depends on the income. If you are a person who makes a video once every two days, then you will realize that you are going to spend all that 2 days making the video, takes hours to shoot it, and hours to edit it.

If you are getting viewed tens of thousands of times, then it does make sense and you could end up making a profit from it, and youtube income will be amazing in that case. But, if you are getting maybe just one or two thousand views per video, that would mean that you are going to get 300-400 thousand per year, that's it and the income for that would be less than a thousand dollars, and that's not worth it for a years worth of work.
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…?
Because they want more money. I mean who doesn't want more money right? If you can double your earnings thru affiliate marketing then I guess there's noting wrong about that. Many are doing it, and it will continue for a very long time as long as these types of influencers are in Youtube. If I'm in their spot right now, and I'm good at trading, but at the same time, I've given the opportunity to promote a legit thing, and I will earn from it then I'll grab it.

Why take the trouble of creating, editing and uploading so many videos?
Money.

They want more money, but that doesn't mean that they're greedy. It's just that they also have things to pay, and they will maximize their time as much as possible. They know that if they will take time creating, editing, and uploading videos on Youtube, they will earn from it, aside from the fact that they're profitable in trading as well.

Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
That will depend on you already. If you want to support that influencer, and you have spare money as well then you can try the product that your favorite influencer is promoting. As for me, I did watch some crypto-influencers, but I never invested, or bought any product that they're promoting.
hero member
Activity: 2870
Merit: 574
Those who create videos and share them on YouTube want to earn extra money from people who join through their shared links.
We don't need to run away from them because they are just sharing something that might be useful for other people and they also don't force people to register.
Many followers follow their ways of making money so some can also make money.
We don't have to trust what they offer because they might not use it and just spread it to get money from sponsors and that's how they make money.
And if anyone registers themselves using the link shared by that influencer, that influencer gets additional commission from their followers.
I also don't like videos like that and will move on to other interesting videos.
full member
Activity: 778
Merit: 100
BLOCKXS.COM
Affiliate is a passive money making methode.
You bring users to a website and you actually own part of the fees they generate without the trouble of managing / creating the website itself.

The more users you invite, the bigger the possibility to earn big money.

Mostly its all micro-amounts. But if you are lucky enough to invite a highroller, you may get rained on with "free passive money"
full member
Activity: 770
Merit: 106
You know the truth: I don't just believe YouTubers or influencers on social media platforms. Because most of them are not telling the truth. Especially for those who have a lot of followers or subscribers, of course there are video editors who are hired so that the impact of their content will be good enough to attract most of the viewers on any social media platform.

Even with affiliate marketing, I don't believe in what they do, because they are the number one that will benefit from the promotion they do, and that's normal because any social media platform today is also a business that can be used to get income, meaning the majority of the content they make just for the views is not credible.
legendary
Activity: 3080
Merit: 1144
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…? Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
A lot of them are mostly for our money. That is why it’s better to trust our own research and analysis in order to avoid huge losses in the future. Although there are still few who deserve our trust, and we can learn from their shared experiences, but just to avoid regrets in the end, learn to trade on your own by not trying to imitate others. Remember that what may work for others may not be working for everyone.
jr. member
Activity: 56
Merit: 2
The diversification of income streams, such as combining trading profits with affiliate revenues, is a wise strategy for financial stability. However, the integrity of content should always prevail; influencers should prioritize genuine advice over monetary gains
hero member
Activity: 2352
Merit: 593
Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them?
Most of the opinions from these crypto influencers are not reliable because they don't have the years of experience in the space to be able to give any sound advice. That is why you often find them repeating what most analysts are saying and some are creating hype to pump and dump. Once in a blue moon, they may drop some solid advice but still, be cautious and do your own research very well before taking their advice. Those who didn't have lost a fortune.

There are others that have long years of experience in crypto but are still dumb and still giving advice to others and others are also affiliated with it which is why they keep advertising it. But most of the influencers that I've seen have been in the crypto space during the COVID which is not that long experience and that is why I don't listen to them and always skip their videos. It is better to get advice from yourself from the knowledge and research you've conducted before concluding you'll invest in it.

Influencers are just making it content because they know that they will gain views because a lot of people are interested in it.
sr. member
Activity: 1022
Merit: 368
Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them?
Most of the opinions from these crypto influencers are not reliable because they don't have the years of experience in the space to be able to give any sound advice. That is why you often find them repeating what most analysts are saying and some are creating hype to pump and dump. Once in a blue moon, they may drop some solid advice but still, be cautious and do your own research very well before taking their advice. Those who didn't have lost a fortune.

hero member
Activity: 1050
Merit: 657
They do this because they're not traders but influencers, they only claim to be traders to connect with their audience as that's the perfect way they can use to influence them.
The fact is that some traders do live trading, if their portfolio is good and can be confirmed, then more and more people come to subscribe which makes them truly influencers by their profession. Affiliate programs are one form of passive income that can't be ignored when it comes from large companies.
as long as the influencer is truly an experienced trader and shares their trading activities well. in the sense that there are also platforms that collaborate with influencers to promote their platforms. so maybe what the influencer is sharing is not the real experience. I see this quite a lot on gambling platforms, but it doesn't rule out the possibility that it is also done by exchange platforms.

Regarding Affiliates, everyone can do it. and that will be passive income that can be obtained apart from trading or streaming activities. there's nothing wrong with that. everyone deserves to grow their income. the most important thing is that they do it well and don't aim to create a pump and dump scheme with the streaming videos they make.
legendary
Activity: 3738
Merit: 1708
They do this because they're not traders but influencers, they only claim to be traders to connect with their audience as that's the perfect way they can use to influence them.
The fact is that some traders do live trading, if their portfolio is good and can be confirmed, then more and more people come to subscribe which makes them truly influencers by their profession. Affiliate programs are one form of passive income that can't be ignored when it comes from large companies.

Most real traders don’t care about passive income from referrals. How many Wall Street traders do you see who are publishing their affiliate links to make an extra 1%.

The ones who spam their affiliate link usually do it because they want free money for doing nothing. They pretend to trade or trade with small units and trick people into think they are some great traders.
Happens all the time in almost all markets.
sr. member
Activity: 1008
Merit: 366
‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
Isn't it obvious? It's all about money, of course. No one will ever miss an opportunity to earn money! When they upload a video, they get money for that. They are trading and making money in one way and also making money from YouTube another way. Yes, they are not all traders. Some big channel may upload a video promoting some crypto projects. But they are doing it because they were paid by that project. If you know their background and know that they are not traders and only promoting it for the money, then try to stay away from them. It will create a hype for sure, but as we all know, hype tends to die soon.

Personally, I never follow anyone related to crypto. You may follow some well known persons, but that kind of stuff is for short term gains. If you are a day trader, this may help you a lot. Because short term market movements are based on sentiments and trends. I always focus on long term gains. So all I do is buy and hodl BTC.

IMO, influencers are the cause of FUD and FOMO. So it is better to stay away from them and focus on long term investment.
hero member
Activity: 2002
Merit: 633
Your keys, your responsibility
They do this because they're not traders but influencers, they only claim to be traders to connect with their audience as that's the perfect way they can use to influence them.
The fact is that some traders do live trading, if their portfolio is good and can be confirmed, then more and more people come to subscribe which makes them truly influencers by their profession. Affiliate programs are one form of passive income that can't be ignored when it comes from large companies.
hero member
Activity: 616
Merit: 749
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…? Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…

They do this because they're not traders but influencers, they only claim to be traders to connect with their audience as that's the perfect way they can use to influence them. If they were not appearing as traders, many individual that are subscribers to their channels won't have done that or listen to what they have to say. We don't have to believe everything coming out of the mouth of influencers because as their names says, they're only here to influence and not as financial advisors.

They charge those fees to join their private VIP groups and participate in referral programs because that's how they get paid. Not every project pays them big money for promotion and to run a professional YT channel isn't cheap so for them to keep up they do other things.
sr. member
Activity: 2324
Merit: 454
The reason behind that is to earn more money, they get paid by their sponsors to from a certain trading platform and they also earn from affiliates program.

There's nothing wrong with that, I've seen couples of top trading platforms that's being promoted by celebrities and YouTubers in our country. It's up to you if you're going to use their link to get something in return like a voucher or couple of dollars once you verified your trading account on a certain platform or you could just don't and do it yourself instead.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…? Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
Choose those influencers that give informative contents to his followers and actually we can actually see that. To many influencers are there for hype then care about the profit they can get from people who watch and register to the link given. Its so rare to see those people who truly educate that's why we need to widen up our research and we can find those people. Also nothing wrong about those affiliates the only thing bad about that is they are not helping but instead they help scammers to scam their followers.
There are some good ones in the rough but it's true that there are a lot of bad ones along with the good ones and that causes all the problems. If there are 90 bad ones, there is only one good one among them, and the odds do not look in favor for us. This is why we should be a lot more careful about it and not make wrong calculations based on the support of some bad influencer, it will end up with us getting a bad result for sure.

We should be a lot more careful and find influencers that actually does the research and provide us proof, not just share names or something. If I can see a social media person to end up with hours and hours of hard work to provide me something, I may start to believe that person for real because he put in the effort.
hero member
Activity: 1694
Merit: 516
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…? Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…

Because they are not as profitable as they want to appear. I stopped believing in these YouTube videos that want to show us how quickly they can make a profit. There is no verification on how real the numbers are we are seeing online. The influencer could either fake their profits or hide all the losing trades and appear more profitable. As long as there is no independent verification on all the trading being done o would not believe them. These influencer usually get their money through number of people watching the videos and Ads on top of it. An affiliation scheme brings in additional money and let's the influencer benefit from any money the new customers bring in. This doesn't mean that all their ideas are bad. If the content creator is funny and talks about a lot of different topics then I would still keep watching them. Just don't believe everything they tell you, remaining critical and cautious can save a lot of money on a bad investment.
hero member
Activity: 2590
Merit: 650
Want top-notch marketing for your project, Hire me
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…?
Cryptocurrency may be profitable for some of the influencers and YouTubers but it's not as easy or adorable as most of the influencers and YouTubers says in their video or content because there's time they lost in trading.
However, making profit in trading doesnt mean they shouldnt care about earning more money through any means which the earning can be use for another important purpose or crypto long term investment.

Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
That doesnt mean you should run away, there are some infuencer that are posting educating content while there are some that make content for advertisement purpose what you need is to understand how the system works but if you dont just focus on Bitcoin investment or trading if you have the require knowledge.
hero member
Activity: 2842
Merit: 625
Better call them affiliates because they always give their referral link for each content that they make. Whether they're paid or not, AFAIK, it's still a different profit for them if they have successfully referred people and signed under their links.

But those links are also like a tracking link for their sponsor so that they will have the record if these 'affiliates' of them are effective marketers and contributes a lot to their marketing.
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