Mouth work wonders in crypto | Bitcointalksearch.org

mahilchii

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Quote from: ScamViruS on March 17, 2020, 02:50:02 PM

People have learned from their past mistakes. This is because such influencer has been cheating investors by promoting various scam ICO's. Now people don't trust them anymore. Their words do not affect the market. So no one will listen to them anymore. People are smart enough now, they know where to invest.

I agree with you but still most of them raise questions in this forum regarding where to invest which means they are still confused.

And yes people are more smarter than before many of them prefer to invest in top 50 alts rather than investing in new projects, recommend not to invest in new projects without knowing any stake of proof.

@baoli

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Base.protocol

First of all your comment is a little funny. Mouth more like it is marketing although not too influential this days. We still can't take away that know people will always push price up. Influencing will always be part of crypto

Mighty_crypt

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Mouths don't work any wonders anymore, people don't trust words on Crypto space any longer since they have been repeatedly deceived, it was just like how McAfee sprays his nonsense about few projects in crypto space and most of these projects are dead or dumped already

Ucy

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Compare rates on different exchanges & swap.

Well, if their opinions/words are really affecting the price of cryptocurrency, it probably means they are honest, consistent, their predictions usually comes to pass, and observant people are aware of this.
There could be the negative side of this though, people who aren't really honest or consistent could be manipulating price to make their predictions right. < That isn't moral and probably not legal.

kceekcee

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Quote from: cassavachips on April 29, 2020, 11:59:07 AM

Don't depend too much on them, now they mostly spread fud only for their own benefit. I suggest analyzing the project with what the project will do or updating the project rather than relying on information from such people.

I think this is how the crypto currency space is generally, when it is to favor you, you spread fuds to influence the emotions and trade actions of other traders.
But when you need a pump too, you spread fomo to influence the emotions and trade action of other traders equally.

Wayrey2020

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Quote from: cassavachips on April 29, 2020, 11:59:07 AM

Don't depend too much on them, now they mostly spread fud only for their own benefit. I suggest analyzing the project with what the project will do or updating the project rather than relying on information from such people.

Your phrase reminds of me of crypto currency influencers, who for their own benefit and style of occupation spreads fomo or fud to their followers causing panics to buy or sell respectively.

Hype is important for token growth, which is why as a trader or investor, you need to make sure that the hypes have positive influences on your decisions.

Yamifoud

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Quote from: target on March 17, 2020, 03:25:45 AM

Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Haven't seen such effect these days anymore, the big names in crypto are now even afraid to come out to say something. I haven't heard anything from them anymore like Musk and Draper. Some supported a coin but if you look at the coins they've been supporting, its also crashing. There isn't any coins that can survive this bear. Looking at their pages in coinmarketcap, they were already delisted in all the exchanges and Mcafee still in face palm.

We can't see it now because people are already aware of their tactics, they are influencing the minds of newcomers and feels that they can control it.
That is why we can't see huge hypes these days and that such market manipulation is slowed down.
And we can remember those days that 2017, it is because of these people but they all gone now and to think that we can no longer that happening again.

terrific

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Binance CEO is a great leader.
His words get attention in the twitter world which is also being sent to the crypto communities.
McAfee also became a word of advertisement and many took him seriously but it all stopped.

Fatimahcrypto

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I use to remember those days in early 2018 when several influencers on twitter were busy giving us ill conceived notions on the cryptos to buy and hold. We later got to know that most of those predictions were an act of marketing and the influencers were heavily paid for the service rendered.

AutomaticTrade254

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Just fud surrounding with a project will not make it make some big issue in crypto. Technically it is a strategy that whom developing and promoting their coins so far that investors are interested in . Fudding and sweet talks are no more attractive for real traders / investors . Do your own research, observes and wait in patience then you can now see the reality.

mongkie

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in the marketing world we call it WOM,Word-of-mouth marketing WOM marketing is when a consumer's interest in a company's product or service is reflected in their daily dialogues. Essentially, is it is free advertising triggered by customer experiences—and usually, something that goes beyond what they expected. Word-of-mouth marketing can be encouraged through different publicity activities set up by companies, or by having opportunities to encourage consumer-to-consumer and consumer-to-marketer communications.

Also called referred to as "WOMM" or "word-of-mouth advertising," WOM marketing includes buzz, viral, blog, emotional, and social media marketing.

so technically social media as long as posted by any significant person is called WOM and yes it will be a good tool to increase the awareness of people to cryptocurrencies.

huu78

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people who are already famous and say that a new currency has a good chance in the crypto market will easily experience a growth or FOMO say that John Mcafee, then another famous figure, even if the CEO of Binance says a good project scam, then in the short term the project will get FOMO are, even if it does not take long.

electronicash

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Quote from: wozzek23 on May 04, 2020, 08:49:35 AM

Quote from: Ifemini on March 17, 2020, 03:06:21 AM

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Not just in this crypto space, everywhere celebrities can do magic due to their fame. It had happened many times in this crypto space also. After the revolution of social media, famous people are easily able to trigger waves on any type of investments. I read when an American VJ talked about an android app and its pitfalls, it led to massive amount of uninstallation of that app. (I could not recall that celebrity name and what was that app, I am sorry).

not anymore. not this time. if they are going to shill today, they'd be laugh and may branded as scam when finally the team disappears in the shadows. we all know this is unregulated, any one who scams today go unpunished. even the famous ellen dedeneres weren't able to push up the price of XRP when she shills for it.

this is the time that technology matters the most and which one is best will survive so look up which projects are on top and which has superior codes among them.

minairia3

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Quote from: Tomohisa on May 04, 2020, 08:35:07 AM

I think those ruses gonna stale fast and less likely to work in today like it used to be before. Of course, there are a few people still hold a great reputation and no doubt they would create an insane hype but they do not that kind of thing at all.

Hype by those guys are really not helping. I remember before all advisor are just jumping ship to each new release ICOs. I wonder what could those guys can help through. Right now its not a thing anymore cause most new projects relies on the exchange and using IEO and doesnt even need a famous one to shill their project. Remember how Mcafee becomes a shit talker before? But he seems to earned a lot by these projects he said he help gained popularity but mostly all of them are dead now.

wozzek23

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Quote from: Ifemini on March 17, 2020, 03:06:21 AM

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Not just in this crypto space, everywhere celebrities can do magic due to their fame. It had happened many times in this crypto space also. After the revolution of social media, famous people are easily able to trigger waves on any type of investments. I read when an American VJ talked about an android app and its pitfalls, it led to massive amount of uninstallation of that app. (I could not recall that celebrity name and what was that app, I am sorry).

In crypto space I have seen market reacts to Winklevoss brother's tweets and press statements many times. When Elon Musk cleared about the rumor of he is Mr.Satoshi, BCH faced sudden downfall. Mouth of word from famous people is always have more power and this crypto space is no exception as per many past events.

Tomohisa

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I think those ruses gonna stale fast and less likely to work in today like it used to be before. Of course, there are a few people still hold a great reputation and no doubt they would create an insane hype but they don't do that kind of thing at all.

HerbertMarcel

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Positive thoughts about anything can bring positive vibe . When its a matter of trading in crypto market you have to learn more and do your research / analysis. We cann;t say / explain what comes next . People already learned their part of lessons well. Just a rare hype or fudding talk will not make crypto a better place for long term invest . But exception are everywhere to stay .

cassavachips

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Don't depend too much on them, now they mostly spread fud only for their own benefit. I suggest analyzing the project with what the project will do or updating the project rather than relying on information from such people.

AssociatesBumble579

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As the global pandemic is increasing, almost all the economic, social, and religious issues are being hindered. Which is sad, but I hope the situation will improve soon and the market is moving up very soon without any Mouth work wonders .

ampere

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When we say mouth works wonders, i think it is abit exaggerated.
Let us just say that A great marketing strategy works wonders in the crypto currency space.

And this is one reason why binance triumphs alot because of its marketing prowess.
You can then relate marketing prowess to hypes, good community and reliable product.

FlagstaffRevel235

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Yes, I would have been most happy if the coin market was restored by launching a phrase. Because in the critical period of the coin market, a lot of money is lost which is unimaginable. Therefore, I always expect the market to return to its youth again, by any means or reason. Maybe it's a Mouth work wonder or a CEO inspirational statement , investors are wiser now, they want legit project, not names. Stay awake .

Ashong Salonga

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Indeed. It was already two years ago since I have last heard about some well-known individuals talking about supporting a certain coin and taking advice to put up on holding into such coin for good for it will get into trend and increase its price as well as popularity in a specified span of time. Those were the old stories now because mostly, such statements including price predictions from well-known individuals are not really happening for the reason that there is no certain individual that can gradually predict the behavior of the crypto market. Nowadays, if you want to be able to know more about certain coins, and you want to identify potential cryptocurrency, you have to exert your effort on seeking and researching about it to be able to get the information you needed added by the tough belief and own instinct based on your own judgement if such coin is worthy or not. People are already learning to do tasks on their own and to not primarily depend or base into some well-known individuals because we all do have different perspective about certain coins. It is your choice to believe into those mouth works or do it on your own way discovering the information you needed.

qigong13

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Mouth work only works if that cryptocurrency is true to what it meant to be. You can't put something in the high pedal when it has nothing to offer. See, there are cases of why some cryptocurrency only hype up thanks to mouth work for a few hours before back to square one.

betty11

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Times are hard and people are wiser than when we were in the bull run, hire a celebrity to shill your project, the community will just go on to dump on you because they know war is looming.

carter34

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Basically here ,I think that what is important thing is the token utility and not mouth only. The situation is to have a great quality token that will support and solve humanity lives. Because life is important first than any other thing.

Teawhalee

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These times mouth doesn't really work like it use to be. One major reason is that majority of the supposed leaders have messed up and mislead people for their own personal pocket. People are more cautious and vigilant now. It's hard to mislead people now as a lead because no one will follow.

Slingshot

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This sounds funny but it was then peoples mouth or recommendations moves Crypto enthusiasts. Now people are seriously careful and more watchful before picking any project not before we are moved by mere talks and TA, I o be frank I am my own TA and all that, I do my research without minding anyone's mouth and it's working for me.

SirLancelot

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It’s like a normal thing. Why do you think that companies pay influencers and celebrities money to talk about their products and promote it? It’s because they know that people are going to invest in those projects when an influencer they like recommends it. There’s no difference between that and what you have just said about cryptocurrency influencers.

There are some big guys in the cryptocurrency community that can influence the market in a big way by just saying something about it on Twitter , and once they do, you will see lots of people that are buying that coin and when they say a coin will crash a lot of people that believes them will start selling. But sometimes it’s best not to listen to these people and do what you think is right.

Mpamaegbu

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Quote from: Goodvalony on March 19, 2020, 03:48:07 PM

this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

But of course, the OP is talking about hype in the cryptocurrency industry. Without mincing words, I think the OP is correct. We don't get to see hype in Forex Trading. At least, not the way we have it in the crypto space. Genuine news or speculations are what move and drive Forex Trading.

cytpoway121

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Quote from: Teawhalee on March 19, 2020, 04:07:28 PM

Up till now it does and will continue to do so but it's not like it does before. People are now aware of how things are done and more skeptical for things from an untrusted source or else you get dumped on.

I will not outrightly say people are aware of how crypto currency works, if we revise or revisit the events of corona coin projects that exitscammed, we would realize that we still have newbies who want to get rich quick by trading crypto currency.

And they got dumped on lol.
Stick to the basics of crypto currency always and do your research.

slaman29

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Quote from: Leonardo7 on April 03, 2020, 03:20:45 AM

Wonderworking mouths are now scarce in crypto space because people are much wiser these days unlike 2017 when anyone could say something and we will just see 100% growth or more. One person I see doing that, for now, is CZ, when he tweets of listing an already existing coin o binance or through community vote for listing, and when he gives an update about WRX development.

Nope, not really. Take a look at all the spam I get in my email telling me I can feature my project in 8 podcasts for 2 minutes each, for only 28K USD. That is so crazy, so people are willing to pay 3.5k per 2 minutes slot on a podcast, and all those podcasts are supposed to be non-shills but come on. Who doesn't want thousands of dollars for a few minutes of their time?

Leonardo7

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Wonderworking mouths are now scarce in crypto space because people are much wiser these days unlike 2017 when anyone could say something and we will just see 100% growth or more. One person I see doing that, for now, is CZ, when he tweets of listing an already existing coin o binance or through community vote for listing, and when he gives an update about WRX development.

cytpoway121

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Quote from: acdc on March 29, 2020, 11:57:41 AM

Quote from: Ifemini on March 17, 2020, 03:06:21 AM

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

I think the politicians or celebrities still have a big influence on the market.
Imagine if one day the US president or the Chinese president said they loved bitcoin and cryptocurrencies, the market would grow spectacularly.

I think you have illustrated clearly and accurately how influences can push up the value of a token.
And a recent example that comes to mind, is binances role in the rise of wrx, that was followed with indians cleared to participate in crypto currency and more account users for binance, swiftly and easily.

dainoran

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using popular people to get an altcoin price increase is indeed good, sometimes also the rise of altcoin only lasts a few moments.

gundala

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I think crypto enthusiasts including investors have learned a lot that influencers do not provide guarantees that the projects they promote will be successful. I also prefer a team consisting of experienced people in their field and the crypto world with several successful projects that have been handled. Most paid promoters only seek personal gain, sometimes not really knowing what is being promoted. We have to really be able to adapt to this.

cablelavish

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https://cointelegraph.com/news/blockchain-and-5g-greatest-promise-is-to-transform-the-developing-world

acdc

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Quote from: Ifemini on March 17, 2020, 03:06:21 AM

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

I think the politicians or celebrities still have a big influence on the market.
Imagine if one day the US president or the Chinese president said they loved bitcoin and cryptocurrencies, the market would grow spectacularly.

xZork

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Investors are becoming more and more wiser, investing based on their insights and market analysis.
In the past, if only one celebrity supported a coin immediately it would increase in value, but for now it is very unlikely.

Ifemini

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Quote from: Goodvalony on March 19, 2020, 03:48:07 PM

this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

I don't know much about the forex.
But in crypto currency as long as you build trust amongst your community. and you can make basic hypes.
then your project is going places.

Teawhalee

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Up till now it does and will continue to do so but it's not like it does before. People are now aware of how things are done and more skeptical for things from an untrusted source or else you get dumped on.

Goodvalony

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this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

Goodvalony

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Sorry to say i don;t believe this. what the op said is still effective. people Like C.Z still has a huge contribution on how the crypto market moves. some people control the whales in the market that their hype on some certain project changes the market positively.
One of the rules for crypto traders is to follow the news but don't trade the news.

safem

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I agree with you that when some of the big people in crypto speak about the happenings around crypto it usually trigger most of the crypto enthusiasts to keep having courage of continuity. However, the case may not be the same for now owing to the rate at which things are going down gradually with crypto. A lot of crypto investors are getting worried and afraid of how the market is continuously being dragged down of which the time of rising can not be predicted by anyone. Hence,it is not only about saying it with mouth again but seeing the result is what people are all after.

TheGreatPython

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Quote from: Ifemini on March 17, 2020, 03:06:21 AM

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Lol you’re funny, I’m surprised that someone still think this happens this time around. If that was possible and still happening, I guess one influencer will just invest in an altcoin and come out any day to say something about the altcoin and cause the price to pump. Sorry that doesn’t happen again, I don’t even know if that ever happened, I don’t believe that.

Since 2018 after the last bull run, I have seen a lot of influencers that kept making speculations about coins like Ethereum and Bitcoin, I was expecting the price to go up since they have said something about it, instead the price kept falling and even crashed hands down.

isaac_clarke22

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Quote from: target on March 17, 2020, 03:25:45 AM

Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Haven't seen such effect these days anymore, the big names in crypto are now even afraid to come out to say something. I haven't heard anything from them anymore like Musk and Draper. Some supported a coin but if you look at the coins they've been supporting, its also crashing. There isn't any coins that can survive this bear. Looking at their pages in coinmarketcap, they were already delisted in all the exchanges and Mcafee still in face palm.

Elon Musk? It's been a while since I heard from that guy when he mentioned something about Tesla cars. Did Musk supported Bitcoin before? I think I kinda missed a thread of his quotes here before. No matter what coins we can think of is pretty much going down right now.
I even remembered Mcafee's dare that he posted in Twitter. Man it's been also a while since I heard from his words to Bitcoin though.

TheICE007

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Mouth working wonders was some years back,it prifitted some people and many also lossed, I really don't think it works in this era,people have learnt not to take everything that comes out from the mouth of the assumed professionals,they do their own research now. Know who you are listening to.

Anonylz

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Back in 2017-18 many people rely on crypto influencers to make their investment decisions, people like John McAfee was one of such people, but from the way things are right now, i think people are more confident to make their own choices and decisions, because in most cases, this influences can also be wrong about a coin and people can lose money as a result,
Crypto influncers are still out there but they are not as strong as what they use to be, i guess things have really changed.

Viscore

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I think at this time people are more cautious, maybe if we go back in 2017 where the bull run happened, its easy to pump the market especially if the influenced people are talking, for example, John McAfee, he was so popular during those times where he can use his popularity to pump or to shill coins, but now his reputation is very bad, why ? because people learn from their mistakes and they won't make the same mistakes again.

xiboothrezi

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Until now, I don't think anyone can really have a significant influence. The crypto market is really dynamic and difficult to predict, all just speculation, "could be coincidental" right and vice versa. After all, most influencers do promotions with specific goals, paid promoters, you name it. So I prefer to discuss with my friends who are more experienced in the crypto world, rather than following influencers or other signals, or at least only used as a reference only, not as a final decision.

ife2020

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I will equate mouth = hypes in crypto currency because i think they relate.

Any project in the crypto space, that do not drive a conversation out from basic ethusiast or professionals will find it hard to thrive and survive, which is why in crypto currency, you must be able to hype your products to respective and probable investors.

You can onluy hype, if you can use your mouth to work the wonder, don't you think so equally ?

Crypto_lion

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Well yeah that's what they call marketing when they have some sort of business associated with it and a pure scam when there is nothing but mouthing of and making money just by creating hype. It just not only exists in crypto but you can find it in every industry and every city in the world.

bgaf

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Quote from: ned.ryerson on March 17, 2020, 03:53:38 PM

of course. Vitalik Buterin is the first who comes to my mind. everything that the Vitalik will say about ETH will have a strong impact on the project. The community of this project is very responsive to his words. CZ is also one of the most influential figures in this market.

Thats a wrong practice right. Influential or not we must seen the development through works and not by mouths. This is what I hate about fundamentals, since its bypass the technicality criteria to check if the project is really worth or not.

Just because Vitalik says, something good eth would move same with CZ, it seems like traders and users depends already words of these people. Traders are now changinf instead reviewing charts they waiting for a tweet that will decide either market would go down or up.

akirasendo17

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I Think its the day when people are new to digital money that they are easily believed , this people say since they are known to digital world, i am also a person who get caught in the situation luckily i get profit and when i sense that something is wrong i pull my investment and left few of my profit just in case, today is a different story since we already know how crypto can turn you millionaire or bankrupt in a matter of minutes, we guard and make sure of our moves, but sometimes some of this people are telling the truth, so its just luck for us to find a good one

joshua123

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Quote from: Ifemini on March 17, 2020, 03:06:21 AM

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Influencers greatlt affect how bullish it is. If you would noticed most projects have hired some advisors and they used their expertise or experience to be accounted on their project. Yes many of previous ICOs are doing this, and even IEO projects, but better for a project to showcase also what they have and not just using mouth words that arent effective for people who are looking for a real platforms.

Akiko

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Quote from: mr_random on March 18, 2020, 06:56:43 PM

Pumps can happen from the words out of two lips and this has been proven by the famous advisors during the ICO craziness. The advisors prefer to promote the project in their social circles and the followers are bombed with the paid shillings. Sad but true,unfortunately.

its happen before but i dont think this things will work again in the current market we have right now.
Every single words from popular crypto influencer they listen and that's happen only in bullish market way back 2017-2018 .

Those influencer reputation now has been damage and no one believe in them in terms of crypto currency investing.

Quote from: ned.ryerson on March 17, 2020, 03:53:38 PM

of course. Vitalik Buterin is the first who comes to my mind. everything that the Vitalik will say about ETH will have a strong impact on the project. The community of this project is very responsive to his words. CZ is also one of the most influential figures in this market.

there are also many project that he became advisor and it help those project to be successful but in the end this give also negative impact to ethereum price until now.

inanilujimi

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now people are smarter, if investing only with hype and listening to the richest or famous people around crypto are no longer effective in the user community, now people are more concerned with project quality over quantity.

mr_random

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Pumps can happen from the words out of two lips and this has been proven by the famous advisors during the ICO craziness. The advisors prefer to promote the project in their social circles and the followers are bombed with the paid shillings. Twitter and Youtube should take seriously these types of advertisements, IMHO> Sad but true, unfortunately.

Mpamaegbu

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Once a man, twice a child!

Whenever I hear or read about hypes in cryptocurrency my mind goes to that scam coin Floyd Mayweather promoted a few years ago. I think it was called Centra. I bought a few units which turned worthless in my hand. After that incidence I learnt my lessons and have since moved on. Now I treat hypes the same way as advertisement, nothing more. I don't care who is hyping the token/coin, if it doesn't meet a use case criteria I am not buying.

Kasabus

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Quote from: LbtalkL on March 17, 2020, 05:45:59 PM

Those influencers are gone they are not effective any more people are smarter now they do their own research no need to listen to these influencers that only care about money promoting scam coins as long as they earned money. Last time I know its only 2017 when there is bullrun they abuse the situation creating some fake hype of a certain project and where are they now? Gone.

Investors have become wiser today and they do not just rely on other people's predictions but make their own thorough research about the coins they want to invest. Gone are those days where some great people can make big changes in the crypto market. The only thing that can give influence to the market right now are those positive and negative news which can dump or pump the market price or sometimes simply because of its high volatility that results into price fluctuations.

Utoy101

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

The downtrend perculiar to the prices of cryptocurrency since early 2018 really shut down high profile traders, investors and the so called influencers in the crypto space. The likes of john McAfee and Ian Balina lost their relevance when cryptocurrency ico's started failing due to lots of scam projects that emerges then. Gone are the days when shilling of project with just a common tweet do change the story of a project..... However, i believe people still exist that any innovative annnoucement or partnerships from them do brought about a price surge to their tokens.

LbtalkL

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Those influencers are gone they are not effective any more people are smarter now they do their own research no need to listen to these influencers that only care about money promoting scam coins as long as they earned money. Last time I know its only 2017 when there is bullrun they abuse the situation creating some fake hype of a certain project and where are they now? Gone.

jossiel

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Still, they work.

For the popular personalities in the crypto space, whenever they say something bullish, the bullish people will also be encouraged. Like the words of Binance CEO and also the other bullish personalities, they do affect the emotion of the other people.

But it doesn't mean that they move the market so quickly and with every word they say, the market is moving up - nope it doesn't work like that.

leowonderful

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Absolutely. This is why a lot of projects pay more famous people including influencers just to talk about their service, and why things like social media campaigns, signature campaigns and bounty campaigns in general exist- because word of mouth is a great way to get the news out about a site or service you're offering.

People are definitely more cautious about what to invest in especially with the large volatility we've been seeing recently, but these things can still have an impact especially on smaller-cap coins.

bttmember

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AMEPAY

Yes dear. That definitely happens and that is why there is great value of all these media personalities and influencers. Even social media influencers who have decent following charge good money for endorsement or promotion of a project, product or a coin and companies do pay them because people do listen to these influencers.

ned.ryerson

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of course. Vitalik Buterin is the first who comes to my mind. everything that the Vitalik will say about ETH will have a strong impact on the project. The community of this project is very responsive to his words. CZ is also one of the most influential figures in this market.

cytpoway121

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Perhaps i have a different personality, but anyone can say whatever suits them, anyone can mouth as they want and it won't move me.

I am moved by conclusions from my research works, and also from my trade and investment principles.

Do not listen or follow influencers or signals, this is crypto currency, always do your own research

TrevorS

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

The market has become what it should be. Previously, people did not know anything about cryptocurrency, you could say anything, choose any coin, and against the background of plentiful cash pouring into it, it grew and showed a great profit. But then everything began to fall, and a similar strategy stopped working. And those who PR these coins were watered with dirt by community.
But people themselves are to blame for being led by their own illusions.

ScamViruS

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People have learned from their past mistakes. This is because such influencer has been cheating investors by promoting various scam ICO's. Now people don't trust them anymore. Their words do not affect the market. So no one will listen to them anymore. People are smart enough now, they know where to invest.

Perfect35

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Words are very powerful, not only in the crypto space, most especially when the word of such a person is held in high esteem. We once had so many of them in the space and some are still to an extent relevant, most especially to their fans.
The reason we do not see much of it happen these days is that the eyes of lots of crypto enthusiasts are now opened. They can now see reality. They know the truth and are hardly deceived.
It might still work wonderfully (the mouth), but the extent to which it does that has reduced. People now want to see what is working or something that works.

jacafbiz

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Most of the so called influencial people in the space soiled their names during the ICO boom, promoting any shit coin, and then dump on investors. Who in the world would again believe such a person. I think people need to stop looking up to someone to tell them want to do, which coin would pump because you will get hurt in the end. Do you own research and be well position for future price pump

Nekkyush

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You only talk about words that hold great volume. What about those that bring down the volume of the market? In crypto news sells faster than products even. Whether its a good or bad news, sometimes it doesn't have to come from an influencer, it either makes or mar the project.

Harlot

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John McAfee already admitted this way back 2018 where he openly said that he charged projects 105,000$ per Tweet to pump their crypto project which works. So I say it definitely works as highly influential people can really make some kind of hype surrounding on what they have mentioned other than that maybe traders are always waiting for what they are saying just to get a little few gains in the market. It will always revolve us around this two on how we are able to react on what highly influential people are saying.

coin-investor

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Quote from: Ifemini on March 17, 2020, 03:06:21 AM

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

That used to be the norm but not any more investors are now looking for the potential of the platform, not who is promoting the platform, we all know in the past these developers paid a hefty amount and of money to popular promoters, but after getting nothing from these projects, investors are wiser now, they want legit project, not names.

palle11

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I'm not thinking it is only ceos that have the verbal prowess to make a coin bull or bear, even social media gurus and bloggers can do the because fud is what it is. For instance a Twitter account hodler with followers over $100,000 crypto enthusiast has the power also to mouth what a developer or token CEO can do with fud or bull in the crypto space.

Jannyh

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It was in 2017 and 2018 ,mouth was the order of the day,when some top guys in crypto mentions any coin,the next thing you will see is FOMO, people or investors will start buying till it got to a point when it didn't make meaning any more, but presently I think there are some exchanges that could also make people invest in a coin if a coin will be listed there,like binance exchange.

thiscomm

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I think it is a strategy that must be done in developing and promoting their coins so that investors are interested. sweet words and promising great profits are what they always use. This is not a scam, but is often damaged by some irresponsible people by running off project funds. more and more people are interested in sweet words, there will be a spike in transactions resulting in bulls at the end.

Twinkledoe

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Quote from: JeotQ on March 17, 2020, 06:38:34 AM

Strong personnels can bring good impact on a new project but not like in the past, years ago an advisor can bring new changes Toba project if he or she is well known, this things have no good effect anymore, now people are more interested in real use cases

Because people already learned their lessons well. Even if it is endorsed by well known personality, there's no guarantee that it will be a success or will keep its market alive. Usually, the hype is only at the beginning, and couple of months, it will die down if there's really no application for the project. Just mere hype or fud surrounding the project will not make it alive in crypto.

Ridwan Fauzi

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Can you explain what the ceos mean?

The best way to make the project develop is promotion and its the project function. If you have both of them you will get a lot of thing from the project.

You will feel deprived when the project that you build is have a good function but you don't have someone or how the promotion strategy work. And otherwise, when you have someone which can be trusted to promote the project and he has a lot of fans on him/herself but you don't have a good function in your project then the project will end in shitcoin. You will find these projects on this industry, and also I see a few people who have a lot of fans and he tried to make a coin but at the end the project is useless.

JeotQ

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Strong personnels can bring good impact on a new project but not like in the past, years ago an advisor can bring new changes Toba project if he or she is well known, this things have no good effect anymore, now people are more interested in real use cases

Reid

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What names? Who?

I do believe in some people's opinion specially here in this forum.
There are a lot of wise one here who can really give some crazy advises and also move some people with their good analysis.

But when it comes to outside this forum like twitter, or other social media name then it's a no for me.
I would rather be here talking with people which knows about what they are saying rather than those wannabe's outside.

Kunnu

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Yes, positive thoughts about cryptocurrencies by popular people leaves good impact unfortunately these days all of this is usually not seen even at this moment all these things are really necessary which can be very helpful for the market. Let's hope some popular people comes forward and makes a good impact with their positive words.

zaim7413

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Yes, it means that this condition has happened 2 years ago, but at that time it was not attacked by a virus outbreak as it is now, and I am also very confident that after the virus outbreak began to end, the market will surge back up and that still saves coins will benefit.

target

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Quote from: DDante on March 17, 2020, 03:11:35 AM

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Haven't seen such effect these days anymore, the big names in crypto are now even afraid to come out to say something. I haven't heard anything from them anymore like Musk and Draper. Some supported a coin but if you look at the coins they've been supporting, its also crashing. There isn't any coins that can survive this bear. Looking at their pages in coinmarketcap, they were already delisted in all the exchanges and Mcafee still in face palm.

DDante

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Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Ifemini

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There are consequences for every action

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Topic: Mouth work wonders in crypto (Read 650 times)