Topic: Honest question, what to think about “crypto” affiliates or influencers? - page 4. (Read 756 times)

There's nothing inherently wrong with people making a living by making promotional videos on behalf of a product or service. Unfortunately, when it comes to crypto there are a lot of people who don't have any morals whatsoever and will shill the scummiest garbage possible. The more buzzwords and hyperbole you see in a video the more likely it is to be a scam.

There are some people who genuinely want to educate people like BTC Sessions and a few others. If creating content is your main job and you're putting in a good amount of time into editing and doing research then it's completely fine to use your platform to earn money as an affiliate since YouTube sure as hell isn't going to give you a fair cut from their profits. It's the Bitboy and Ivan on Tech types who intentionally mislead and dump tokens on their followers that I have a problem with.

As far as I know, people who upload various influential and profitable videos on crypto trading on social media are mostly misinformed. There are many such YouTubers who make such absurd videos only to increase the subscribers and views of their channels. If they were such good wise traders then they wouldn't have created such a problem, instead they would have been trading continuously and could have become rich very easily, but instead of doing this, they made videos with trouble, so we have to understand that it was a completely wrong decision. They give Also, some people give a lot of wrong information, and they do their own research and make videos where those who invest are definitely scammed. But there are many YouTubers who can do good research and make some videos aimed at profiting experienced business people, they are good and can be profitable if invested accordingly. However, there are many types of videos on YouTube, and it is possible to earn money by following them and trading.

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.

Some can be reliable at some point, others are not at all. But one thing is certain, they make a living out from those words that are coming out from their mouth. And the only way we can tell if they can be trusting or not, if they can be worthy of our penny or not is by doing our own research. That way, we will also learn from our own, and we will be more convinced if those crypto influencers are helping us to be in profits as well, or they are just taking advantage of our funds by telling things that are too good to be true.

There are two things they really expect about why they regularly create content:
1. Affiliate
2. Advertising revenue.

Content creators take advantage of opportunities from advertising and affiliate revenues to gain financial coffers, while people don't realize it. Beginning traders tend to look to these content creators for direction on how to trade crypto assets well, so that is something that will benefit the content creators.

Maybe those who are still doing it now don't think it is a bothersome thing so they are still quite happy doing it well even though they have to create, edit and upload so many videos to one or several platforms. Even though other people see it as a form of hard work, but as long as they are still happy to do it and never complain about their own work, I think it is fine and not a problem because it is also about how to make money through some their own path of struggle.

And maybe those artists, influencers, celebrities and YouTubers still think that trading is not always profitable and in fact it is. So they all still do some other work that can make money for themselves so they are still willing to promote other people's products through short advertisements and make videos for the things that people are looking for the most at the moment so that they can also get profit from this action. So I think there is nothing wrong with that as long as it can add to our income in life, because money will always be useful for anything now.

They're all fake, showing off on social media that they really are influential and have become millionaires. But you know what? If they are rich enough then there's no shadow selling on their contents but if you look at them, you see the obvious right? They've got target people and those are those that are easy to believe to a thing they say. That's the mistake that many do because they think that these influencers are always right. Some of them may even feed you with a scam project and many think that they're genius for telling that. Sorry but not sorry, that's really happening for many influencers out there that don't even make a research for what they are being paid for to advertise or be their ambassador.

They may only be doing that as profession and getting people to be interested. They are influential people who already may not necessarily be traders but are interested in getting some profit and royalties from trading. It is also like in soccer bet that someone invite other people in groups like telegram to sell prediction for them. The same question is also asked why they can not use that knowledge they have to bet and win big all to themselves but because they are not guaranteed about such winning, they sell them to others. That is same as what happens with trading call groups.

Sometimes, affiliate marketers or individuals that create content on social media or YouTube are not really creating that content because they want to help you, but because they are more interested in monetizing their page or channels. Although not all affiliate marketers pass wrong information for their selfish interests, what you must also understand is that affiliate marketers are paid for whatever they are promoting, and they will definitely advertise what the company asks them to tell the public. It's now left for you to be wise and do your due diligence research about the content before making a decision to join. Those traders that make some video tutorials on how to make $100 profit every day from trading, only a few of those videos are real, but there are a lot of them that are just for selfish purposes, because even if you decide to try any strategy you learn from them, it's never going to be as profitable as what you were shown on the video. So you don't have to rely on everything you see on YouTube or on the internet.

Yes, the more the merrier and this is where most people be thinking about having extra income if they are really that good at something since they are influencers on which it would really be just that normal that they

would really be taking advantage on having tons of followers which they would really be utilizing those things for them to make more money via having those kind of streams and affiliating with some companies to make them register or join under his link and showing some trading which it might be able to hook up people to follow. Its a win-win situation because we know that they could really be able to get paid for such marketing and at the same time they do able to earn with their good trades. I cant really blame out people on why they would really be raising up with those kind of questions on which it would really be just that so common that people will really be finding ways and methods on which they could be able to get some multiple source as much as possible.

Crypto trading is profitable for a very few. But the people who sell their courses and youtube and etc. It's rarely profitable for them infact most of them end in losses in trading and make most of the money by giving Ted talks to non-traders. This is why I clearly say never to trade immediately after listening to these YouTube Gurus go through the complete process yourself first and only then do any actions.

It’s just another source of income I would say. More the Merrier, if they are able to make decent amount of money through affiliates, then it will motivate them to create, edit and upload more videos. There’s nothing wrong with it, as long as they are not promoting illegal things. If you ask me then, I don’t really click at the affiliate links of these influencers. This is because I don’t want to make money from my wagering amounts. I mean they are already making so much money, so here I become cruel.

If you are actually concerned with the learning factor about cryptos I can highly recommend @Coinbureau. I've been following him since his early days (he has a lot of followers on YouTube now) and his videos are some of the best out there in terms of quality. His altcoin videos are also really good and he doesn't shill projects but also shows their weaknesses.

He also posts once a week a summary of important news, both in general and about certain coins specifically. Absolutely informative and entertaining.

This is the link to his Youtube-channel: https://www.youtube.com/@CoinBureau

It is almost all of them, that is why it's an issue. I am not saying that all influencers are bad, but most of them promote stuff for money and they do not care if anyone from their followers lose money because of it as long as they end up making profit. Obviously they would prefer if their followers make a profit as well, there is an incentive to make your followers make a profit, that means they will follow you even more and trade even more based on what you say.

However, it is not a must and we need to reach to a point where we could end up with a good result if we are careful about it as well. I believe that we need to reach to a point where we could make some profit and make some changes. Hopefully it will be better.

Well, there is nothing wrong with that; being an influencer on YouTube is an advantage if you have a lot of subscribers. So the crypto affiliate marketing method is only effective if you have a large number of followers. But for unknown influencers who have few subscribers, I don't think that will be an effective method. Then one more thing: my attention to other influencers on YouTube is that most of them just pretend to be trading experts, but what they say is just basic and sometimes even wrong about their other analysis trading tools.

In reality, not all influencers are truly reliable traders. That's why they sometimes seem to be much more serious about making profits from YouTube and the like. But that doesn't mean they are fraudsters. It's just that we shouldn't completely trust them. And another reality is that sometimes many reliable traders actually started out as content creators. So they combine the two. And I think it's quite a good thing to have 2 sources of income at once.

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  

Indeed there are scammers, but it is not the average, they make money with their followers or referrals, it is that simple, in fact, perhaps I do not follow any Influencers in the commercial environment but the second most successful in the history of poker has a channel of Youtube and its earnings exceed $40,000,000 ( poker) and the same question fits, an easy answer, money, there are interesting additional earnings. In fact, what is incredible is seeing it offer bonuses for subscribing to a certain platform.

In any case, it is a question that surely comes into question for you, because extra money for you does not count if you have a good income, anyway, another social question that does not concern directly into the bitcoin discussion itself.( board)

True! Most problems I encounter are the way they shill some altcoins, it's because they are being paid by these random shitcoins just to shill it from their social media, youtube channels, etc.
And some worst influencers are not disclosing if the one that they are talking is sponsored or paid. Some are also telling that it's their own pick.

Another way they earn money meaning they are just profiting small in trading and they need another form of income either on their videos or from sponsors. Just imagine you trade but you are earning more by making videos so what will you do? For sure do videos and the content is about trading even if you are just winning a couple of trades just to make content.
 
There is nothing wrong with those kinds of influencers as long as they don't give financial advice or create scam investments. This is really normal right now with all of us wanting to be YouTube stars.

One of the things that surprised me the most is how long it takes for someone like Bitboy to get sued or get his karma after promoting so many scams in the past. I don't know if people are just that gullible, or if the cost to make them responsible is too great. I guess reputation is the last thing that matters to them, especially if they can make millions and pay a fraction of it to defend their case in court.