Topic: Stay away from crypto influencers - page 20. (Read 3819 times)

We really don't decide to choose coins based on other people's opinions, especially YouTubers who promote new projects must be careful with this.
Because after all the risk of investing in new projects is very high, even if the pump price is high, but it happens very quickly. The increase did not
last long, then the next soon the price of these new projects will fall quite deep. The problem is that most new projects if the price has fallen,
it takes a very long time for the price to recover again, or even some new projects that end up being shitcoins.

Therefore, don't be easily tempted by the profits promised by YouTubers, they are indeed paid to attract the attention of many people, so that in the end
many people will buy the coins promoted by the YouTuber. So if we want to get useful knowledge, choose influencers who often provide education,
not influencers who promote new projects. Because not all YouTubers are bad, there are some YouTubers who do provide very good education,
to make us understand the crypto world better. So it doesn't matter if we look for information from anywhere, the most important thing is to filter out
good information and ignore misleading information. After we get information from many sources that we think are reliable, we can examine it in detail,
so we can conclude whether the project is worth buying or not.

That is true stay away from those users who are introducing new coins and promising that it will pump to 3x to 100x those influencers or video content creators are not investors and they are just paid to create a video to make a noise online and to encourage new investors who are looking for a quick money and easily manipulated but I do follow and respect content creators who teaches trading, making analysis and explaining how they come up with that analysis and something like that but never to the "influencers".

If you are trying to seek important knowledge best to seek out from the people who really know what they are doing, there is no reason to cherry-pick the important things while most of their contents are utter shit. After all, it would waste your time considering you got to spend a lot of time while only getting a few minutes of important pieces of knowledge.

While there is nothing absolutely wrong to shill some project or getting an incentive, pretty much the content itself is biased. Surely I won't seek knowledge from someone who has hidden motives.

No need to stay away from it and just make it a positive addition to knowledge. Sometimes there are things that are important for us to take from the few minutes of explanation in their videos. What matters is your own research into participating in crypto.
They do get paid to promote crypto projects and I think we understand very well.

Not all crytpto influencers are bad and not all are good too, the things is that one should be able Identify the good ones from the bad because if all influencers are seen to be bad their are opportunities that can be missed by not giving attention and if all crypto influencers are seen to be good that can lead one going into bad hands. So it's up to every individual to know who the real crypto influencers is .

Thanks for the advice but we see things differently, crypto influencers have done a good job in my life since 2021 and I'm very picky when choosing influencers to follow, also just because a influencer shill a token doesn't mean it's buying season you need to be confused enough before buying and that's where doing your own research is important.

Creating FOMO is the main goal of influencers because there are products or coins that they recommend. Some influencers do openly promote it. and some make predictions using technical analysis, this is certainly better than just speculating without any research or analysis first.
People who are new to crypto will swallow what influencers say without doing analysis, because it requires an instant method.

It's true, not all influencers are bad but not all are good either. However, OP already explained that "mostly or can be called 99%", good cryptocurrencies don't need influencers to attract attention, i believe that, they just need to proof us if they have a good project and plans. If you profit because of influencers, then congratulations to you. But remember, the more often influencers promote projects, they will take an affiliate for profits, it is not impossible from those who only want to share to become concerned with profit for themselves. In my country there is a similiar case, at first this influencer seemed to just want to share, but now, he is a suspect in a fraudulent investment case. so be careful, DYOR/DWYOR

You are wrong, I've followed many crypto YouTube channels and I'm able to make money off them, some are experienced and some aren't you just have to find the good ones to follow, that's all.

It's okay to follow them, watch their tutorials or content, follow their crypto journey and all but never worship them to the point that everything they recommend and suggest you follow them. When doing so, always support it with your own research and peer-review by your mentor (if you have one) or a friend that is also doing crypto. Crypto influncers are taking advantage the people who are new to the crypto community that is why many are being FOMO, eventually they will disregard doing some research knowing that some projects are not guaranteed of rug-proof.

If you're a beginner and want to learn more about crypto basics, animations are usually a good way to consume lots of information. You can check out (https://www.youtube.com/watch?v=kNAC7CXFOTw&t) they simplify it down to the maximum, so it's easy to understand.

I prefer video format to text, so Youtubers are my main source of information. Is there any of them who you can recommend? Currently, I follow Crypto Casey for explanations and coin bureau for information.

They are paid shill the same as any bounty hunter. Unlike bounty hunters, youtube influencers offer more benefits. For example, it's much easier to cooperate with a few influencers than 500-1000 hunters, where is most of them totally trash and his work does not worth one single dollar. Next, their work is easy to follow and have an insight into success, while it is very questionable how to track the contribution of spamming on social networks with posts like "good project"...

Yes, he takes money for his work, but why would they do it for free?
To be clear, I don't follow any YouTubers at all or even watch what they have to say. always prefer textual content rather to video.

Well if it is paid shill, they would take it. It adds up to their image also sometimes making a non-crypto influencer into a crypto influencer. In Youtube platform, it is already quite common to those spam accounts to have a paid subscribers, like bots or even a bought channel which I think happens a lot especially that incident in fake Binance Youtube Channel that scammed a lot of people even though they had a lot of subscribers.

Yea, exactly. Any cryptocurrency influencers do not make the video for free and they require a high fee from the project. It doesn't matter for them whether the project is worst or whatever. They need just money, they are earning from the projects, and at the same time, they are earning from Google ads. Influencers never care about viewers. Even they manipulate views and comments to influence real viewers and attract projects to hire them. So yes, it's better to stay away from them. Use your brain and research yourself.

Stay away from crypto influencers, if you have no mind of your own.Most of them are out for selfish benefits and will never reflect your interest even thought they act as though they want to help. If you follow them blindly, be ready not to make enough gain, you may even loose everything you have suffered to gather. Just be careful with them, many have bitter experiences.

If we cannot filter what they share, if we want only follow what they do, yes of course, it is better to stay away from infleuncer.
Because sometimes, we are only dependent on them without willing to search for any other information that may be pros or cons of the statement, prediction, sharing, information, or other infleunces.
Actually, not every following influencer will give negative impact as long as we exactly know and understand how to differentiate and filter what they say or infleunce. We cannot follow them always. But we can take some information if this is exactly needed for certain decision, but not the guarantee

actually nothing is wrong by following crypto influencer because i know that bitcoin influencer will give you the necessary information that required to progress with bitcoin and other cryptocurrencies, but another thing is that those influencer's can put you into trouble if they really have negativity in mind, indecencies that they can be a trap influencer, some hype project that is not potential because they paid to do so, so it's not all informations you obtain from influencer are cogent.

Actually you should not stay away from crypto influencers and i will tell you why.
All of them are paid actors and they try to hype a project that is dead.
If the project itself was good and has any value it won't need any influencers.
By that said, you should follow the crypto influencers and stay away from each project they promote.
99.99% of the good projects won't hire influencers to promote their project.
So when you see influencer promoting something stay away from it.
It is just paid promotion of something that not goes good

I've followed many crypto influencers on YouTube and only very few of them know what they are doing, they don't just talk or direct people to buy some tokens for profits they work on predictions and tell you what may or may not happen in near future, there is no guarantee in crypto space that should be on every investors mind.