Remember Trevon James, who shilled BitConneeeeect on YouTube?
I guess people trusting him got screwed...
YouTube has become a shithole and in my opinion, we are better off to avoid it most of the time.
Topic: Influencers, affiliate links and scams - page 3. (Read 414 times)
"Influencers" (especially on Social Media like YouTube) are people where I would be very careful of taking their opinions as granted. "Influencing" already sounds extremely shady and over the time we have seen how accurate (hint: not) YouTubers are operating. It's mostly a mix of shilling own bags of useless Shitcoins (probably pump and dump), generation of revenues from referall links or some YouTubers are directly paid for advertising coin xy or service xy.
Remember Trevon James, who shilled BitConneeeeect on YouTube?
I guess people trusting him got screwed...
YouTube has become a shithole and in my opinion, we are better off to avoid it most of the time.
Remember Trevon James, who shilled BitConneeeeect on YouTube?
I guess people trusting him got screwed...
YouTube has become a shithole and in my opinion, we are better off to avoid it most of the time.
It happens on other platforms, not on this forum which has its rules to prohibit affiliate links to spam and scam. The forum is not perfect but if considering about how good it is to prevent scammers and scam, it is better than many platforms. Twitter, Facebook can not compare with Bitcointalk.
4. No referral code (ref link) spam. [1]
I look it as the same way that Matthew McConaughey is doing Lincoln commercials, or Samuel L Jackson doing Capital One commercials. They are going to get a lot more attention then if they stuck me on TV and said buy this car / get this credit card / etc.
So they get these famous people to push their services.
Once you become a social media influencer you have to keep paying the bills somehow, so when someone comes and gives you money to push some crypto project you do that. It's just what it is.
If you make investment decisions based on that you are going to get burned.
-Dave
So they get these famous people to push their services.
Once you become a social media influencer you have to keep paying the bills somehow, so when someone comes and gives you money to push some crypto project you do that. It's just what it is.
If you make investment decisions based on that you are going to get burned.
-Dave
Not with cryptocurrency, this kind of problem is happening everywhere. As everything happens online it have been made simple by the so called influencers. With time more number of scams out of cryptocurrencies create fear among the common people. This finally makes common people to term cryptocurrency completely a scam. We should not allow this to happen, and the same can be understood by the learning cryopreservation .
These celebrities don't care about the history or integrity of the firms they are promoting because they blinded by the money they would make from the publicity. Some of them in my country even partner with these fake cryptocurrency businesses to scam the people. The government should make policies that would make customers hold both the company reliable and it's promoters for loss of funds or bankruptcy. These celebrities know that they have great influence on their followers and the want to negativity use thier power to exploit their fans Sometimes I wonder why people listen to these celebrities. Most of them have zero knowledge of the cryptocurrency industry yet thier followers blindly follow thier quack financial advices. I can never rely on the investment advice from any celebrity because they are not well grounded and only interested in thier endorsement benefit. If I cannot research and verify, then I would never invest
Not with cryptocurrency, this kind of problem is happening everywhere. As everything happens online it have been made simple by the so called influencers. With time more number of scams out of cryptocurrencies create fear among the common people. This finally makes common people to term cryptocurrency completely a scam. We should not allow this to happen, and the same can be understood by the learning cryopreservation .
One of the most common and easy ways to profit in crypto industry is to promote affiliate links to online platforms such as casinos, exchanges and micro earnings websites. Probably most of us have already done it in the past, or still do this during the present moment.
However, what if you had the reach of 1 million subscribers? Millions of views? And if you endorsed a platform to all those people which turned into scam?
That is what happened with some crypto influencers, such as "Bitboy", who promoted Celsius:
Or "Lark Davis":
And so many other celebrities like Larry David, Tom Brady and Gisele Bundchen ( FTX's ambassadors), Stephen Curry, Major League Baseball, Miami-Dade County and athletes who promoted FTX until its very end, although they weren't sharing referral links, but being directly paid by the company.
Every celebrity involved in promoting FTX crypto
What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?
However, what if you had the reach of 1 million subscribers? Millions of views? And if you endorsed a platform to all those people which turned into scam?
That is what happened with some crypto influencers, such as "Bitboy", who promoted Celsius:
Quote
In what may have been his most consequential failed tout, Armstrong was one of the most vocal supporters of crypto lender Celsius Network. He first talked about the lending platform in a 2018 project review video. “I do have faith in Celsius and I do believe it will be a successful project,” he said. In the March 2022 portfolio reveal video, he told his YouTube audience that the BitSquad held 25,000 of Celsius’ CEL tokens (worth over $83,000 at that time and around $23,000 as of press time).
Celsius froze billions of dollars from depositors in June, and Armstrong said he was one of the victims of the lending platform’s collapse. He admitted during his show that his team “worked with Celsius for years … some partnership stuff.”
Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad HandCelsius froze billions of dollars from depositors in June, and Armstrong said he was one of the victims of the lending platform’s collapse. He admitted during his show that his team “worked with Celsius for years … some partnership stuff.”
Or "Lark Davis":
Quote
Then ZachXBT made a second allegation, accusing Davis of withdrawing $2.5 million from crypto lender Celsius mere days before the now-bankrupt company froze withdrawals, swaps and transfers on June 12.
Davis posted videos with a Celsius referral link as recently as June 10. He had been promoting Celsius with his own promo code, LARK, to his YouTube audience throughout the first half of the year, CoinDesk found. A Twitter user pointed out that Davis promoted Celsius for weeks after he had begun making his withdrawals.
Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad HandDavis posted videos with a Celsius referral link as recently as June 10. He had been promoting Celsius with his own promo code, LARK, to his YouTube audience throughout the first half of the year, CoinDesk found. A Twitter user pointed out that Davis promoted Celsius for weeks after he had begun making his withdrawals.
And so many other celebrities like Larry David, Tom Brady and Gisele Bundchen ( FTX's ambassadors), Stephen Curry, Major League Baseball, Miami-Dade County and athletes who promoted FTX until its very end, although they weren't sharing referral links, but being directly paid by the company.
Every celebrity involved in promoting FTX crypto
What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?
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