Stay away from crypto influencers - page 14.

molsewid

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Quote from: LUCKMCFLY on March 26, 2022, 07:58:14 PM

Well I began to see many influencers in NFT games in 2021, especially on twitch, and the truth is that they are very exaggerated in their claims, I think it is that the projects they promoted was because they contacted them to advertise and they obviously they received money and this is a bad thing, because with the money they could give them they spoke well of the project and did not bother to say if it was really good and if it was worth it, but rather they said to invest and that's it, that everything was safe, I think these things, both the influencers and the main devs, were the ones that really ended it.

Well I can say that crypto influencers also doing videos on youtube aside on Twitch and promoting their so called favorite project or NFT games. Well, I can't really advise newbie's to stay away from crypto influencers but all I can say is try to study that projects that they have seen endorsed by a crypto influencers. Do proper research on that project if it sounds good to you but it it is too good to be true then why bothering doing research and study right.

LUCKMCFLY

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Quote from: super bako on March 18, 2022, 09:32:15 AM

from long ago I already knew that apecoin was good, NFT only cost 10 ETH at that time and limits. and unexpectedly there will be a large number of airdrops for the NFT holders, for me, influencers are not necessarily good. back to ourselves how to deal with and correct accordingly makes us believe and bring profit.

The final decision is indeed within each of them when they see every new thing that is in the crypto space, so be wise in making and taking steps on something new even though it can go viral like NFT and for Apecoin it is very clear because the project was successful and successful in the past.

Well I began to see many influencers in NFT games in 2021, especially on twitch, and the truth is that they are very exaggerated in their claims, I think it is that the projects they promoted was because they contacted them to advertise and they obviously they received money and this is a bad thing, because with the money they could give them they spoke well of the project and did not bother to say if it was really good and if it was worth it, but rather they said to invest and that's it, that everything was safe, I think these things, both the influencers and the main devs, were the ones that really ended it.

wmaurik

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Quote from: retreat on March 24, 2022, 02:25:46 PM

those who claim to be crypto influencers on youtube are not gods who have the ability to read the future, what they suggest is very misleading, especially crypto influencers who often make videos about coin memes, it's really misleading. dyor on an asset is the best thing.

If the advice leads to something unsavory like memecoin then anyone who says it shouldn't be trusted let alone a very new meme token, but if you come across a newbie talking about Bitcoin and suggesting investing, then that's good advice. So you also have to be able to distinguish good advice from bad ones.

clarkt

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Quote from: 5W-KILO on March 04, 2022, 02:57:03 AM

Influencers aren't evil people they are just doing their job, instead of this why not create a topic that differentiates good influencers and bad influencers because that's the way it is. . I've made money from few new projects watching YouTube video and shiba inu was one of those projects follow by metahero, I would have never known about these projects if not for influencers.

The reputation of influencers in cryptocurrency are in disrepute. The fact however is that they provide false information that lead people to believe in what is not sure or certain! It important that the fact of information are laid bare without distortion or falsehood! Cryptocurrency need to reach more people and cryptocurrency influencer are needed for dissemination of cryptocurrency information, but they need to do their job professional without misleading people!

bearexin

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I am not used to following any crypto influencers. Even on other social media platforms like Twitter, I do not follow any of those cryptocurrency influencers and I try to engage with other cryptocurrency investors who are not influencers, and I try to discuss with them and get different opinions and not just looking at what influencers has to say.

These influencers can be manipulated, because what most of them are really looking for is money, and once they are paid to publicize anything at all, they are ready to do it as long as they have seen the money and they are getting paid well publishing the wrong content. So, you shouldn’t really be looking at influencers, you should be looking towards doing things yourself.

blockman

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Quote from: retreat on March 24, 2022, 02:25:46 PM

those who claim to be crypto influencers on youtube are not gods who have the ability to read the future, what they suggest is very misleading, especially crypto influencers who often make videos about coin memes, it's really misleading. dyor on an asset is the best thing.

They can't read the future but all of them and also us have the ability to give opinions, speculations, and predictions.
It is that these influencers are doing all the job through their talks and many of that gullible audience that they have are starting to think of them as experts that can never be wrong with anything they say.

Negotiation

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In my opinion my own experience is the most effective here the risk is less and it becomes easier to know new information through the market. Crypto pump and dump is when conspirators use misleading information to raise the price of a currency, then they sell it at a profit. A recent caution follows the experience of some investors.

Sayeds56

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Quote from: YellowSwap on March 04, 2022, 02:24:28 AM

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

You are absolutely right. Most of them but not all, promote projects and get paid. We should stop listening to them and make our own fundamental and Technical analysis before we invest our hard earned money. I think if you are keen to invest in new projects then participate on major launching platform like, Binance launch pad or other prominent exchanges like Houby, MEXC and many mores....

henmark

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Quote from: TopTort777 on March 24, 2022, 07:05:33 AM

I think the only way when crypto influencer can be trust, is the situation when you see he has invested his own money in it, the amount invested is huge and investors financial stability would shaken if projects turns scam. If influencer is ready to make a take huge risk, then this project might be considered for investment. But if Bill Gates shows that he has invested thousand bucks in new metaverse p2e game with NFT and marketplace, called ShibaDoge race, I would never invest in it.

Yes, it is important to know whether the influencer you are following has invested a huge amount of money in the project that they are talking about. But, even at that you shouldn’t go blindly and unprepared into the lions den, you should make sure that you are prepared for whatever is to come.

An influencer invested in a project is not a guarantee that that project is going to be successful in the future and generate profit for you, and you know very well that most of these influencers are rich and have enough to spare, so they can risk anything.

There is no guarantee at all on that. Which is why you have to also check that project properly and be sure that it is something you are going to believe in and you are sure it is going to be a success or you know that you are out for it and you’re ready to take the risk. If not, then stay away from it, whether an influencer has invested in it or not. Your own opinion still matters.

Maestro75

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Quote from: tranthidung on March 04, 2022, 07:17:58 AM

If you follow good crypto influencers who can teach you about basics, advanced knowledge in crypto, that's good and you should maintain it.

There are influencers like that who are willing to teach you what you do not know for free but they are very few like that. This influencers derive happiness is seeing that those they teach master what they have been taught. Those who search online for instructors have to be careful so we do not fall to scammers who pretend to be influencers. Newbies should avoid anyone asking them for money to teach them, except they provide evidence to show they know what they claim.

retreat

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Quote from: YellowSwap on March 04, 2022, 02:24:28 AM

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

those who claim to be crypto influencers on youtube are not gods who have the ability to read the future, what they suggest is very misleading, especially crypto influencers who often make videos about coin memes, it's really misleading. dyor on an asset is the best thing.

tygeade

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Quote from: lienfaye on March 22, 2022, 08:05:24 PM

Indeed. These influencers are earning money through their videos and not because they are concern for us to invest in a worthy coins.

Those influencer's promotes none reasonable coins and at times they will not know the potential of the coins before promoting them, one of disadvantages of this crypto influencer is they help scammers to sell their tokens, so is wise enough to check the coin you want to invest before investing, the video of crypto influencer is not preferable evidence to shown that a project is good, because they are paid for any of their act.

That is how they become influencers to begin with. Give me 10k right now, and I can get you an account with 100k+ followers easily, maybe even 200k+ people. How? I would simply do 100 bucks giveaways all day on unrelated tokens and coins, they do not have to be good, I could do great ones too like btc, eth, bnb and so forth as well time to time. In between those giveaways, I will do my own ideas as well and talk about what I believe but that would be only to look real and not for increasing the follower numbers.

I have tested this before with $10, I did 5 giveaways and I reached 500+ people so easily, took me like a week. Becoming influencer is literally the easiest thing in the world. I would suggest picking a nationality and doing in that language, helps out a lot.

Antonas1

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It doesn't make sense. Otherwise people like this always blame others for their loss, but if he got a profit, he just silent.
We listen to those influencers because we need an extra information, but we have to do re-research, and if you don't, that's stupid.
So why should we unfollow/unsubscribe them if we can still get useful information?

Vatimins

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While I believe that this mostly is the case with influencers that are releasing contents related to crypto, we cannot generalize all of them just because some are doing things you have mentioned. I say this because I have experience a lot of these shilling and dumping on your face. Also, I have been looking at these stuff a lot since some are useful enough even when you know they are pushing their own agendas. And with this, I have learned to see through a person that truly shares to help and others that only does for benefits.

TopTort777

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I think the only way when crypto influencer can be trust, is the situation when you see he has invested his own money in it, the amount invested is huge and investors financial stability would shaken if projects turns scam. If influencer is ready to make a take huge risk, then this project might be considered for investment. But if Bill Gates shows that he has invested thousand bucks in new metaverse p2e game with NFT and marketplace, called ShibaDoge race, I would never invest in it.

marine4u

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Quote from: YellowSwap on March 04, 2022, 02:24:28 AM

Stop following crypto influencers,

Hey, Influencers in the crypto space have the rhetoric of faith, which is a double-edged sword in the sense that I can understand it. Everything has 2 sides and risks if bigotry includes benefits for them. Everything comes from belief, it's also a choice. If tying up goes with the hype, you should know where to stop to benefit. To me, believe and not believe have to do Dyor.

Jackl87

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Quote from: YellowSwap on March 04, 2022, 02:24:28 AM

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

It is absolutely true what you are saying and i could not agree more. All those crypto influencers out there are really dangerous in my opinion especially for people that are newly coming into crypto and are still naive about stuff like that. As you already said, 99% of all those crypto influencers don't care about their followers at all all they care about is to increase their own wealth. They are doing that via paid promotions that you have already mentioned but they are also doing it for projects in which they were able to buy into the private sale which is even worse in my opinion because this means that those influencers could aquire to tokens for a very low price then they shill it to their followers and once the token gets listed and pumps, the influencers dump on their followers.

Mario Vella

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I think YouTube might be a good source of information for beginners BEFORE investing. Just learning about cryptocurrency in general, basic topics like what is blockchain, liquidity pools, PoS vs PoW etc. But they shouldn't completely trust a single Youtuber as their investment guide as mentioned by many above.

Dr.Osh

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Well, it's no wonder they sometimes promise something that sometimes seems exaggerated because some of them are paid for it, and others are for content purposes. however, it's okay to look for explanations, or research on youtube, but youtube is not the main source for doing in-depth research on a coin. if you are doing research and looking for information on the development of a coin, try to look live on their telegram, on discord, and where people are talking about the project. Besides, we shouldn't choose coins based on what they describe, because we don't know what kind of research they do, moreover you are taking all the risk. a lot of people pretend to understand something to make them look cooler, or things they make other people talk about. well, this is just a suggestion, but it's best to do your own research, and don't pick a coin because of someone else.

yazher

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Just like NFT games influencers, these people are no good at all, they will just pretend to be telling the truth from their own experience but in reality their just give their baseless opinion where you gonna believe and follow whatever they said. You better not to listen to them to save yourself from confusion and not to rely on their so-called expert tips. You just need to do your own research and everything will be good if you take your time before you start to invest.

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