Stay away from crypto influencers - page 8.

nyashenka

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Quote from: panjay on July 01, 2023, 05:57:46 AM

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.

Yeah In the past I used to follow influencer calls blindly, it's on Twitter though, no difference. At that time it was not saturated market where erc20 was not a common sight, the POW era where you have your own device to mining it.
But yeah, shilling something mean they have an incentive in it.

Many people do not want to make their own decissions. They like to fallow famouse persons who are rich. They think that if they follow rich persons they can become rich too.

panjay

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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.

Yeah In the past I used to follow influencer calls blindly, it's on Twitter though, no difference. At that time it was not saturated market where erc20 was not a common sight, the POW era where you have your own device to mining it.
But yeah, shilling something mean they have an incentive in it.

v3liana

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True! All of the influencers just care about their own pocket. Maybe there are some really honest influencers but not more than 10%. All we can trust just ourself, since i joined this investment i never trust all of the influencer most of them just promote the shit coins.

woez

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In plain view content creators sometimes provide valuable insights and information to the public in helping to ensure that a person makes the right investment decision and turns a profit. but, my view is that right now there are many influencers born and trial and error who promote certain tokens or projects for their own financial gain and may not consider the interests of followers, the references are just read and read, either copy and paste on telegram or grab it on chanel people keep on sharing their links which may be risky to visit especially for those who are new which indirectly has negative consequences unknowingly.

Ngemmeng

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there's nothing wrong with listening to or watching crypto influencers because you can get information, but to determine whether a recommended project is worth investing in or not you have to do your own research. I often say that your money and investment is your responsibility, not the responsibility of crypto influencers. so be careful when investing!

Inspiron14

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Quote from: bitkanu on May 28, 2023, 11:32:06 AM

Quote from: ?? on ??

Why matters with crypto influencer? If They give better information why not .

that's a big IF, sometime the influencer just outright misleading since they have ulterior motive, the difficult part is differentiating between the real information and some shill.
you could be very well just become an exit liquidity for them if you just blindly follow their financial advice.

That is part of the strategy they make, remember influencers are also human and humans have greed,
if I were an influencer of course I would take advantage of my number of followers to be able to Fomo market,
yes that's what they do, they want Fomo market and what does it do hold becomes profit.

Bolivar_Tony

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you are actually correct about the paid crypto influencers, though there are many of them in the industry but there are few they that are genuine and give their honest opinion about coins and other stuff, those ones normally stated it that this is not a paid but honest reviews and you should be know that investing is risky. we have such people a lot during the ICO era

Andrija Branislav

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I think the benefits of influencers are definitely there. Reputable and knowledgeable influencers in the crypto space but there are also downsides for example influencers may have a conflict of interest while promoting a particular cryptocurrency. They may be paid or given incentives by the project team or stakeholders.

Yes. Acts Promote projects without disclosing the fact that they have a financial interest in them. This can lead to biased or inaccurate information being presented to their followers and lastly, influencers may not have the necessary expertise or knowledge to provide reliable financial advice. While they may have a large following and seem knowledgeable about crypto,

bitkanu

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Quote from: ?? on ??

Why matters with crypto influencer? If They give better information why not .

that's a big IF, sometime the influencer just outright misleading since they have ulterior motive, the difficult part is differentiating between the real information and some shill.
you could be very well just become an exit liquidity for them if you just blindly follow their financial advice.

huu78

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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 true that some influencers may receive compensation for promoting specific projects or tokens. This can create a conflict of interest and potentially lead to biased or misleading information. Investors should be wary of overly optimistic promises of returns or guarantees made by influencers without thorough analysis and research.

Dr.Osh

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Quote from: ?? on ??

Why matters with crypto influencer? If They give better information why not .

there is nothing wrong with them, but you need to find out the truth of the information they convey, because sometimes there are enough crypto influencers out there who are paid to advertise a project that has little potential, or maybe even a scam. Also, it's better to believe in how you do your research rather than hearing research from other people. it's fine to listen to just looking for information, but you need to confirm that with information you get from other places. Well, even when people ask about a project in this forum, there will be lots of people who will give their honest response about a project. In any case, believe in yourself, and don't take information from elsewhere with 100% confidence. you need to do your own research.

uneng

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Quote from: SirLancelot on May 03, 2023, 01:18:16 PM

We can always report these influencers so that they will be banned on the social media platform and maybe they will be in jail too. Worse is some of them can get killed. They need to consider the risks more than the investors.

Hardly ever these influencers are going to be banned from social medias or are going to be punished by an authority, because they adopt some protective measures while promoting the scams. They always put a warning message on their videos with sayings like: 'invest at your own risk' or 'this video isn't financial advice'. They don't take any responsabilities for investors' losses and technically it seems to be fine for the legal system.

daenarys_stormborn

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I totally agree with you, we have to be more careful and not be too quick to trust influencers who promote a coin, because it's no longer a secret that these influencers are paid to promote the coin

petulino

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Quote from: AakZaki on May 03, 2023, 10:45:52 AM

Quote from: ?? on ??

They only think of their profits not entirely for sharing information. Besides benefiting from the links or coins they recommend. Influencers also earn from the number of views on YouTube and increase their subscribers.
And they also have groups that they recommend joining. The more followers they have, the easier it is to earn money.

Often they will also tell you that the price can go up from here, and if it doesn't go up, then it can go down.And then whatever direction the market goes YouTubers will give themselves all the credit that we already told you.

You will be told about so many cryptocurrency coins at a time that one of them increases in value.And then YouTubers will proudly say that I mentioned this coin before.This is their way of earning from YouTube and getting good money from projects.It is better to read each project carefully and in detail and then make the investment.Self-effort will also give you experience and you will not face any difficulties in the future.

SirLancelot

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Quote from: GigaBit on May 01, 2023, 10:04:17 AM

Influencers job is to attract ordinary investors to any new project or coin offered by project owner. Influencer get huge amount of money through this work. They may also provide fake news for exaggeration at times to promote any new project. But here an investor has to exercise utmost caution. Usually when influencers do promotions they want to convince you of certain things so that you are encouraged to invest of that particular project. Remember that influencer promote a project for his personal interest. You will never get those influencers after investing. So should not invest in any project or coin by the Influencers word. One should consider the risk factor and other factors before investing any project.

Maybe there are extra ordinary investors who will join the ride. They know that they can earn a profit out of those tokens if the hype attempt is successful. They, the influencer and the project owners are the only ones that can benefit but not the ordinary investors. They are only like an instrument that are being used to fulfill those people's dreams. This is the sad reality. Speaking of the amount paid to influencers, it will depend on different factors.

Sometimes it's based on the number of followers and sometimes its commission based or based only if how much the money gathered by the team. We can always report these influencers so that they will be banned on the social media platform and maybe they will be in jail too. Worse is some of them can get killed. They need to consider the risks more than the investors.

petulino

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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, I myself have been watching videos of different YouTubers on YouTube for more than a year.YouTubers on YouTube tell you about different cryptocurrencies and every YouTuber will tell you about 10 to 15 different types of cryptocurrencies.He tells you thousands of benefits of that cryptocurrency.And asks you to buy these cryptocurrencies at different prices.I have bought as many cryptocurrencies at the request of these YouTubers. Their price is seven times less than the purchase price,And my capital is stuck.The price is decreasing on daily basis instead of increasing.

It is better that everyone should do their own research and invest in the best coins at the right time rather than investing in a cryptocurrency after watching a YouTuber's video or at their suggestion.

AakZaki

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My view for now is that there are many influencers who promote certain tokens or projects for their own financial gain and may not consider the interests of followers, For example by sharing links which may be risky to visit especially for those who are new which indirectly has negative consequences without realized. Although they sometimes provide valuable insights and information to the community helping to ensure that one makes the right investment decision and turns a profit.

They only think of their profits not entirely for sharing information. Besides benefiting from the links or coins they recommend. Influencers also earn from the number of views on YouTube and increase their subscribers.
And they also have groups that they recommend joining. The more followers they have, the easier it is to earn money.

abel1337

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Quote from: wmaurik on May 03, 2023, 08:59:32 AM

Quote from: Cornia on May 01, 2023, 11:22:40 AM

Many influencers share different types of links which are risky to visit. If we visit these links many times our wallet gets hacked or while swapping one token another token goes out from the wallet. So instead of blindly trusting these influencers, we should do some research ourself. Because the satisfaction of one's mind is very important.

Since you are afraid of having your wallet hacked by someone you don't know, then there should be no reason for you to trust those influencers who don't have a job. Because if they have a job, of course they won't have time to share those useless links with many people through the media they use.

These kind of influencers are obviously being paid to promote something and in this case a link to a suspicious link. The only problem with influencers nowadays is there are some that doesn't even reject offers or doesn't have any initiative to do a research to the one that they are promoting. I'm sure they know the risk of what they are doing and that's the reason why I'm annoyed with influencers. They are just willing to sacrifice and tarnish their reputation for a hefty pay I guess. This is why I believe that the influence powers will soon be less effective in cryptospace as they will be known for money grabbers. I hate to say it but there are only few influencers that has a really good content and really sharing knowledge about crypto, Majority of them are just hyping projects out.

wmaurik

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Quote from: Cornia on May 01, 2023, 11:22:40 AM

Many influencers share different types of links which are risky to visit. If we visit these links many times our wallet gets hacked or while swapping one token another token goes out from the wallet. So instead of blindly trusting these influencers, we should do some research ourself. Because the satisfaction of one's mind is very important.

Since you are afraid of having your wallet hacked by someone you don't know, then there should be no reason for you to trust those influencers who don't have a job. Because if they have a job, of course they won't have time to share those useless links with many people through the media they use.

Quote from: rahulzx on May 02, 2023, 02:21:46 PM

if there any harmful site connecting to our wallets that can be remove by using security services like revokecash..there are more services available this service is used by peoples in communities that I being on.

Besides being able to use the application that you suggested, everyone can also use their own minds in terms of not trusting everyone they have just seen for a while, because the crime of hacking occurs because there are many people who are too easy to trust links shared directly via media used by that person.

gurunanakji777

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I have to say that these influencers are not experts in cryptocurrency trading or analysis of the crypto market. Most influencers receive money to talk about any coin, so we should not trust those who are paid to speak. Instead, we should analyze the market ourselves so that we do not have to rely on anyone else. In the end, I would recommend staying away from such so-called crypto influencers because they make money by fooling ordinary crypto traders and investors

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