Topic: Honest question, what to think about “crypto” affiliates or influencers? - page 5. (Read 741 times)

To be honest, crypto affiliates and influencers can be a part that plays a role in the development of the crypto world. This will make crypto increasingly famous in the world. however, once again. Also known as affiliates and influencers. They will usually only care about what they are promoting because they are making money from it.

So, don't trust them 100%. Moreover, they will usually only give very good reviews for the projects they promote, so that more people will join the project. Currently there are probably a lot of crypto influencers in all parts of the world. However, all or most of them may be the same, namely that they mostly only care about their pay, without caring about what they are promoting and they usually won't think long about the effect on investors who are attracted by their promotions. Although maybe not all affiliates are like that, perhaps most are.

Well, some are here not to take advantage of the people but to really help those people who might have the potentials to be successful in trading. However, I guess majority are still trying to convince people and invest on their trading signals or whatsoever and assuring them that they will be highly profitable in the future. That is pure scamming, telling people some lies and these innocent people are still expecting to be in profits regardless if they don’t have the knowledge and skills to trade successfully.

It's because that's it, you're correct with what you're thinking that they're all into commissions and that's why they just create contents for the sake of affiliate commission.
They'll just say that they're extracting every potential source of income but don't believe them, if they are a profitable trader, they don't have to do that.
But that's it, they are content creators and every source of income as they say will be taken into account but they're not really good traders at all. Maybe some but the majority of them are just hiding in the curtains of being a real trader but no doubt, they're good marketers.

You are right, people of the current generation have become entrepreneurs and have rich mind sets. They know that one can not survive only on one job, and that's why they are trading. But as you mentioned trading can not only benefit you. Because of its high volatility factor. But there is another factor that, the money is not continuous from trading. Traders have fallen to a lot of manipulations and lost a lot of money too. And there is no bad in starting another business while you have the free time.

Those who have an optimistic mindset, they always want to be a part of something, that could earn them free money. And we all know that trading is not full-time work, but of course for those who are new. New people have to spend way more time making analyses while the experts and the ones having access to resources do have not to spend that much time. So, they left with some spare time. And in that spare time, many try to open a channel where they can sell their signals, while others start their own YouTube channel before opening any VIP channel. Because YT is the only way from where they could earn more money and exposure to the audience too.

The more the merrier, right! This is what we do really have in mind on which if people do able to earn from their trades then why not really be making out some videos and trying out to show up to people about your trades which it could really be generating even more income for you or simply affiliating on which we know that it isnt really that always that those people are the bad guys or simply just that pretending.
Trading results cant really be that faked out and if people would be seeing that you are making some good trade positions or simply just been that profitable then it would really be that an additional income for you.

If you do find these influencers to be that fooling people then you do always have the will whether you should be staying or avoiding them or you would be simply be seeing on what they are showing.
It all matters to you and you do have that self will and control on whatever actions that you would really be tending to do so. It is really just that a matter of choice on which you do seem
which is right for you or not.

Some  may actually be making money from other activities like even trading, but have just decided to add the money they can get from becoming affiliates and influencers to what they are already making. Long time influencers and people who are good with online marketing do not see it as so much of a difficult task to create, edit and upload videos. To these people, this is just a regular activity that they have taken time to master hence the ease with which they can do it.

I can use Guy Crypto YouTube channel as an example of someone that do crypto affiliation, from the ending description of his videos, you will see his Binance and other exchange referral links for the bonus but influencing people to buy is far below his career, he doesn't do that but that guy will give you good crypto educational content for free. There is no YouTube currently that does reviews like that guy and he will warn from the beginning that they are only educational content and not should be used as financial decisions.

I don't see anything wrong in affiliate but you see influencers, they are the reason why we are where we are today, they deceive a lot of investors in to buying scam projects, they bought most of these coins when the prices were lower and shill to their fans and then sell when everything were at the top. There were lot of drama after FTX exit scam that went hard on everyone, some of them paid chain analysis to see how they rugged pull and they were draging each other. The trust is lost and most fans are no longer loyal after the incidence and I doubt if altcoins are going to grow like before as we had in the past.

The answer to your question is so easy, those YouTubers might not be earning that much money from their trading portfolio while they might be earning more by promoting some websites, or any product related to the crypto industry directly on their YT videos. The process of promoting them is easy and that easy process will make them a lot of money too. Then why they do not avail of this opportunity? I mean, they have to do all the analysis at the end and after getting benefit from that analysis they will do what? nothing, which Means their analysis is waste now. But after getting benefits from the analysis of him, he can share it with his community maybe in return for some paid membership.

Yes, you should definitely run from them, because most of the content creators do not really care about the money of their community or followers. All they care about the money they are going to make by promoting or pumping some product. In such conditions, never fell for FOMO and be prepare to control yourselves. The best practise I have is, I simple ignore most of them because most of the Influencers do not really share such pumping signals frequently

First of all, thanks everyone for their answers and opinions, I starting out my Bitcoin journey and I learn a lot from discussions like this.
So, some clarifications and a couple of extra questions...  

I get the "Why not?" part of having both revenues... but my point was that IF a Trader is also a Youtuber (affiliate) then:

- Or he IS NOT a Highly Successful Trader, or at least not successful enough so that he values the "extra income" from being an affiliate.
- Or he IS Passionate about Bitcoin (not a Highly Successful in Trading or not even a trader at all) and wants to spread the word, but still in need for an extra buck.
- Or he is a Highly Successful Trader AND Passionate about Bitcoin, but in this case an affiliate link would make no sense.

Just as illustrative (and rather grotesque) examples of my point: I do not see Michael Saylor "selling" me an affiliate link, nor Ricardo Salinas. Of course they are extreme cases, already not worried about making a buck even before Satoshi's white paper, but you get my point... Should I prefer "influencers" that do not need the extra buck? (In this case I will be restricted to millionaires with their millionaires agenda, but detached from the affiliate noise)... Is this a cleaner solution to go through the noise? Do you have anyone that consistently shares good stuff to recommend (people not companies)?

An example that comes to mind would be Aaron Bennett who offers a great informative service, and still cares for the extra affiliate money. Which is totally fine for me.
I do not have anything against affiliates (I am -and want to believe- an honest affiliate myself in another sector), just trying to pick the voices I pay attention to... and the online Bitcoin and general crypto world is quite noisy for someone entering the space.

So, thanks everybody for their replies and opinions! I keep learning!

Some satisfactions doesn't only come by making profits, there are times where an individual want to do things that way more than money and gou tend to think, what the heck is wrong with them, cause they already got all the money.


The answer to that is not far-fetched from the overall view of the public about the product they are influencing for, If it is of benefit to the viewers that means they did the video with the intent to impart knowledge and give out advice, but if they do that with the sole intend lf cashing out while leading of herr into loses that means they only care about their pocket.


But the most important thing is to do your own findings to ascertain whether or not you are on the right track, and not being carried away by the activities of those influencers.

Probably to have multiple sources of income, affiliates is also one of best ways to make passive income. As long as they do not promote ponzis/scams I have no problem with them. I mean, signature campaigns are similar, lol.

This is a good question, but you see, money is never enough to get. You got to explore every available lucrative means to amass it and it's put in one word- diversification.

Although not all these crypto affiliates or influencers knows what they are doing, they are in themselves not good at trading, they are just selling shit all for the money  and that's why you need to be prudent which influencer or affiliate trader we follow cause most of those trading videos online are cut-and-join videos.

But there are a few successful professional crypto traders that are making profits with trading, and in their humanity they feel a need to share their knowledge and strategies with interested persons and their motive is to share their knowledge about crypto trading and not basically the need to make money through those YouTube videos .

Who says that all the influencers are profitable traders? Most of them are just relying their income from YouTube ads, and they don't actually know how to trade. Some of them are just good at editing a replay that's why their videos are attractive to people especially to beginners.

Incase you didn't know, you can do a replay in tradingview. So if ever someone show their trades using that way, they should provide PnL or winning trades to make sure that they are not fraud.

Being a crypto affiliate or an influencer is not actually bad, it gets only bad when you want to influence your audience with wrong information so you can achieve your own goal. However, not all crypto influencers are desperate enough to feed people with lies so that they can convince them to believe in them. Some are doing their best to show to the people the reality about trading and let them understand about it.

Personally, I think the reason why traders still trying hard to be successful on YouTubing or crypto affiliating it’s because they want to maximize their potentials as a successful trader. Aside from the fact that they are making decent income from YouTubing or being a crypto influencer, there’s also high chances that they can also bring some big positive changes into other people’s lives. That is, if those people follow the advices from reputable traders.

Let’s just say that some traders are not satisfied with their profits through trading, and if there’s another way to increase their profits is being a YouTuber or a crypto influencer that attract and convince people to engage in crypto trading. If they succeed, it means more profits will enter into their account, and if they end up failing, surely they will not stop there but continue to create more inspiring videos that will eventually influence the viewers until they decide to enter trading and expect bigger profits.

Not in defense of them, but why do rich people continue to work, why Mark Zuckerberg is still working, or why Elon Musk does this? They love what they do and want to achieve higher goals, whether it be a million dollars for one ad, a billion views, or millions of new followers. What is unacceptable is It promotes fraud, Ponzi schemes, pump/dump coins, and all forms of digital scam. Some of these methods violate the rules and laws of YouTube, and here such videos must be reported, while others deserve to be canceled and advised to stop watching these videos and clarify the facts.

Investment is based on planning and analysis and not listening to the opinions of experts, no matter how honest they are.

If you have one source of income, you will avoid to join other? crypto trading and affiliate money are different thing and both has own benefits. Trading is profitable but you know that no one know which side market will goes. Trading will not gives you guaranteed profit and no Youtubers claimed that so far. Most of the new projects are just advertising but if we see the basic learning then I think it's not bad to learn from these influencers.
Youtube videos earning is without risk while trading you can loss also. I agree that many new influencers are creating video on trading course just for affiliate but there are still big Youtubers we can trust on them. Their videos consist so many valuable knowledge about cryoto market news and about some specific tokens. If i see youtubers pumping a product, I will do my own research because I have brain, No Youtubers force me to buy, I will choose my self either the coin influencers pumping has potential to give me profit or just advertising.

like any other "influencer" I think it's some one that trying to avoid fatigue and have a classic job
And of course I completely will not trust and have 0 interest in any product advertised.
These are the "snake oil" seller of third millenium, one of the worst species around here

moreover, what are the crypto product that deserve attention and are not just a pump&dump or just a clone of anything or a speculative project?

Well, I understand your suspicion, and I will say that it is totally valid for I too have once or twice asked the same question, until I meet some traders who are also YouTubers and we become friends ..

Some (note the keyword "some", not all ) are actually making money from trading, and you know what they say about diversification, or having multiple streams of income, they are also into YouTube streams and affiliate marketing as a way to earn more money.

And can I tell you something, most of this guy's even earn more money from YouTube and affiliate marketing much more than they earn from trading, but still , they are into trading because for some, it's a passion, something they love doing , while for some others, they are into trading to gain the experience they need to win subscribers to their channel .

In the crypto space, the term "DYOR" is known, meaning that every user is required to have at least a basic knowledge of how to research a project independently. You can determine which influencers are worth following within reasonable limits. Some influencers are not that bad, they really explain things according to reality.