Stay away from crypto influencers - page 17.

MFahad

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Quote from: YellowSwap on March 04, 2022, 03:24:28 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.

Yeah you are right. I stopped now following any influencers. They are just making their own money.
Some YouTubers are very clever. They will create one video for top 20 best metaverse coins and then make another for 10 best exchange coins and then top 10 play to earn,top 10 web c 3.0 coins.
When any coin up 20% , they will make post on telegram " Check Guys i told you this coin in this video " totally fraud and their mission is only to get view and sub

tabas

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cases of influencers to boost platforms like this are rife in my country, but the focus is not only on cryptocurrencies, but more on binary, with a variety of pairs. and finally this person is currently in jail for a gambling fraud case. we don't know they use the market base from where and with his wealth and success he can convince many victims to enrich themselves

They really are taking the advantage of the people of what they can market. If they have fans that they can capitalize with, these platforms will certainly no doubt going to contact and use them to advertise their platforms. And eventually, these influencers would be money hungry as they've earned easy advertising the platform that have contacted them and the same goes for the crypto projects that are too many out there.
You also have to check on the influencers you are watching because it's likely that you can be a blind follower of them.

uneng

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Influencers just speculate about possible results and outcomes of crypto projects, but they can't predict anything accurately anyway. The point is that they talk as they could, because they put a lot of emphasys and persuasion on their statements, what makes many people, especially the most naive ones, see them as crypto market's specialists. I don't know how many of them are getting paid to promote specifical projects, but their goal is to at least grow their youtube channels with subscribers and likes to increase the revenue and popularity, what can considerably put them on the radar of some developers looking for influencers to promote their tokens or platforms.

gabbie2010

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Not all influencers understand about crypto and it's also not true what they predict, maybe they are directing it to buy the tokens they hold or they are part of the Crypto team they are campaigning for, I think be careful following influencers

I believe some of these influencers are contracted by the project manager to hype their tokens in a bid to trick or deceive unsuspecting investors by making fake predictions, of course a lot of newbies with a mindset of earning huge profits quickly will fall for this hype, that is why I do emphasize doing your own research before investing in any project that promises 5x and 10x profits, following those influencers blindly will lead to a massive loss of investment knowing that cryptocurrencies is flooded with scam projects with a wide coverage of marketing and publicity that portray them as genuine or real.

TheGreatPython

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Quote from: Ararbermas on March 12, 2022, 12:40:06 PM

Most of them are paid to advertise a crypto project, wherein they just pretending that most of their speculation are correct because when they provide information they are seems experts when it comes such thing even it's clearly that they are not base on their background.

Yes, so many projects these days do pay YouTubers to post videos about them so that they will be able to reach a wider audience. It’s kind of becoming regular these days and you would see so many videos of YouTubers hyping coins and tokens that you have never even heard of before, and they will be talking about how the coins would reach up to a hundred times or a thousand times profit in the nearest future.

I don’t give my time to all that and most of the times I just prefer to be investing in the old cryptocurrencies in the market such as ethereum and bitcoin. These old cryptocurrencies are usually the safest assets that you can invest in.

cheezcarls

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Not all influencers are like that. But yes most of them are doing it for either money, a free NFT, etc. However, I don’t like influencers who are having “clickbait” misleading titles such as “BTC to moon 1000x this 2022” or something like that. Yes for sure clickbaits are effective to increase CTR, but in the end it’ll be a disappointment for those who are expecting it.

It’s better to be realistic like upload videos regarding educational stuff about crypto, blockchain, etc., making tutorials, tips and tricks, play-to-earn secrets or something like that. The CTR may not be as strong, but the long-term viewership would be much more worth it in the end.

Questat

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Quote from: bakasabo on March 14, 2022, 05:06:51 AM

Indeed they are humans and make mistakes. But they earn through their influence. That is why I havent seen any successful project that was suggested by influencer. I can draw parallels with politicians. They also promise a lot, but fulfill only a part of their promises. Same influencers does. They promise project would be successful, demanded, raise funds, listed, its alts price would grow. But in the end we get a project that only raised funds and becomes abandoned.

Yes, they don't in the long run but these influencers can't deny how they create hypes like Elon Musk. We can't easily forget what he did and so many influencers did like this. Why do we have to stay away from them? It is because they are not helping us, they are just tricking us and making us lose because in their mind is all about making money from innocent people. Thus, if we care about the future of our investment, we better not follow them, we have to do our own searches.

bakasabo

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Indeed they are humans and make mistakes. But they earn through their influence. That is why I havent seen any successful project that was suggested by influencer. I can draw parallels with politicians. They also promise a lot, but fulfill only a part of their promises. Same influencers does. They promise project would be successful, demanded, raise funds, listed, its alts price would grow. But in the end we get a project that only raised funds and becomes abandoned.

evichi

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Influencers are humans and as such, they can make mistakes and inaccurate decisions. Ordinarily, as a matured person, you have to make your own decisions. The project the influencer is promoting as well as the Influencer himself/herself need to be researched. While you take note of the influencer's choice, you have to make your own decision by making a research. You will be the one to spend the money to invest, so if the project crashes, you lose, if it succeeds, you gain. Take some time to investigate the project since money is involved and make a wise choice. While the influencer spots out the crypto project, it is left for you to decide.

Davian144

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Not everything you say is true, there are times when they follow a YouTube video project from the bounties in this forum, so you have to check first, review it first, don't make a decision right away, because there are new coins being launched.

You also need to mention the two new coins so that he can understand and be guided by the statement you say because there are often people who give advice to others but the main point is not stated clearly so that those who receive suggestions are also confused about what steps and decisions to make.
So try to give complete advice so that everyone who reads it can immediately understand what you mean.

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Quote from: Accardo on March 13, 2022, 06:37:14 PM

The cryptocurrency youtubers are shillers and like any other influencer on social media they offer promotion to new projects and most of them don't research if the project is good or not. They just go for the funds and accept money for Giveaway so as to keep their audience active. I don't think someone should take advise from them in the first place unless they don't know much about cryptocurrency or they depend on them for information and updates.

Well, there are still crypto influencers who are knowledgeable in their field and those proves that they are still worth to be followed. But in most cases nowadays, most of them have turned to be more greedy and more driven with their own profits. So they tend to have less focus on the project that they are promoting and end up shilling only in the market. These are the types of influencers that we need to avoid because they are leading us only to losses because of wrong information. And while its hard to trace whether they are well knowledgeable or not, its better be safe by staying away from them and stand on your own market analysis and predictions.

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Crypto influencers are not much different from bounty participants, their goal is to make a project more known and they will get paid.

No, they are not. The way they look for money is different.
- Crypto influencers are just like social media influencers, sometimes they use their popularity in order to gain attractions and able other people to trust them for what they say. They usually get paid for what they are doing. Well, most of them are fake, might some of them have deep knowledge about crypto but the majority of them don't have.

- Bounty hunters are not influencing any, they usually get paid from worthless projects.

7788bitcoin

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Crypto influencers were part of marketing. They do what is being assigned and get the rewards. Whether the followers gets benefitted or not is secondary, and this is common mentality. So it is always good to choose the best out of self analysis over the project and the market. There are influencers that give legit reviews over the new launches, to find such is really tough in the ongoing market.

It is hard to find legit users who review the product, most of the so called influencers will take money and then advertise the product and you can call it as part of marketing but the fees some of these influencers ask are ridiculous and i would say it is an easy job. I know a few influencers who created their online identity that spend a lot of money to build a huge social media following and now earning the benefit squeezing projects in the name of influencing. I would say, to avoid these paid shills.

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Quote from: YellowSwap on March 04, 2022, 03:24:28 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.

as you said I think it's true, they are formed and paid to campaign for certain projects, what they want is profit from the many investors who are influenced by them. so don't easily trust influencers who promote good projects, they don't understand that but they are only paid by the project

I think we also need to know who the influencers are because if they are truly competent in the crypto world, maybe we can try to do some research before joining.
because as you said many of the existing projects use influencers as a promotional event without knowing what they are like,
we must continue to be careful and it all depends on ourselves

Accardo

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The cryptocurrency youtubers are shillers and like any other influencer on social media they offer promotion to new projects and most of them don't research if the project is good or not. They just go for the funds and accept money for Giveaway so as to keep their audience active. I don't think someone should take advise from them in the first place unless they don't know much about cryptocurrency or they depend on them for information and updates.

Marvell1

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Quote from: andyou1234 on March 13, 2022, 01:10:16 PM

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I've been following some of these crypto influencers and just still fine for me. I don't make a reason that they are majority liars coz some of them are not. Of course, we have our decision which thing we have to follow as in the first place, we don't have to rely them all. That is why we should make searches. Having some ideas from these influencers helps us, anyway. And we can't deny that because of them crypto become known to us, they actually brings hypes quite sometimes which I know that many of us getting benefits from it.

That's right, not all influencers deceive their users, there are also many influencers who provide benefits for their users, in my opinion before joining as an influencer, you should do an in-depth analysis first, this is to avoid influencers who want to fraud my opinion, if we follow the right influencers, we will get big benefits from these influencers, it's the same with choosing projects in crypto, some are successful and some are not.

Agree! Undeniably most influencers are getting some money to promote some scam projects. Besides, there are still influencers, bringing benefits to users.
Be very selective before following an influencer and do our own research and make a decision together,the money is ours so don't listen to anyone.

ololajulo

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Most of the influencers are getting paid and are part of the market manipulators, Elon Musk was also an Influencer and market manipulator for doge in the cycle and these is base on the highest bidder, he was a whale that sold well. They might not go for old coin, it might be new, so traders might need to know the level of dispersal of the coin and decide its profit taking plan early.

fvb

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Quote from: YellowSwap on March 04, 2022, 03:24:28 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.

I never believed the information that comes in a large stream from different channels and social networks. You can talk a lot, but it's better to believe your own careful analysis.

Flexystar

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Yup why not, paid media everywhere these days. In fact there is also competition between the two projects as to who will pay most to an influencer so that they can get the spots. Just like the bidding which occurs to get the highest slot on the forum advertising banner. For multimedia like YouTube and other social platforms they pay insane amount of money. Sadly in the process they get the money from scam projects also. Because they talk what is being scripted for them as they are getting paid anyways. In addition to this they keep getting the subscription and followers too so what they have to loose even when they lie about it.

Imran232

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Quote from: YellowSwap on March 04, 2022, 03:24:28 AM

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Honestly speaking, I have already experienced these bad things in my life. Though I didn't follow many YouTube channels, those recommended for investment, I did follow a few, two of which were free-earning YouTube channels. And one is who teaches us trading and market conditions. And because of him now, I will not follow any influencers. Whatever anyone said, I didn't care. I did my research by myself, then I took my decision. Actually, I totally avoid all Twitter influencers because I already got trapped by their tweets and invested in 2 projects, which are now the worst resilent giving coins in my portfolio. Now I have made my decision and do not need to blame anyone. That's all there is to it, and I've learned one thing: it's their job to promote a project, but they didn't force us to invest; they simply said there's another project.So, in this case, we must choose our own path to invest in any project, as well as conduct our own research.Thank you.

Topic: Stay away from crypto influencers - page 17. (Read 3647 times)