Topic: The fall of crypto influencers. - page 2. (Read 885 times)

I am in Bitcoin since 2011 and I don't get what is so stupid about "PUMP IS COMING" posts? Please enlighten me! I feel like I'm not Bitcoin educated enough. Maybe you could as well tell us what your Bitcoin journey was and for how long you're in Bitcoin? 

The Cryptocurrency influencers do not always have your best interests in mind and may promote certain coins or investments that may not be in your best interest. Even though if people have enough knowledge to make their own decisions, they may still seek the opinion of experts in the field. Ultimately, it is important that people use their common sense and not rely solely on the opinions of others, even if they are crypto influencers. The main function of influencers in crypto is to encourage people to start or teach people some basic knowledge.

The main function of influencers in crypto is to encourage people to start, and, if possible, to teach some basics. This is actually the same in all the fields: social media influencers are just encouragers and providers of basic knowledge. For further business in crypto, most of their advices are not the best way to succeed, because their advices are either based on personal experience, and therefore not suitable for people with different background, or just ads, which are made in order to get some money from an advertiser.

The market is always filled with newbies and ignorant people with greed. So influencers will never lose their influence. For me, the fault is not entirely from the influencers, partly from the newbies, ignorant but always greedy people. If people realize that nothing is easy and that earning money requires knowledge, no one will be able to trick them.

It's hard to remind them if they already trust the influencer they like.
In fact, some influencers are just trying to get their money to buy the suggested project so that the influencer can get more profit and the promotion is successful.

Putting hope in influencers and taking financial advice from them is a risk.
We don't know where the market is going because we don't have the knowledge to analyze it.

Don't assume all influencers will give good advice, they are also looking for profit and don't think about others.
Being more careful in choosing who to follow is a must.

Exactly, if they personally do not want to make their self to believe in these things, they kept on believing in these influencers regardless of how other people experience it. It is sad that some people really put hope on this crypto influencers that they can help you earn more, but in reality they are just using to make them benefit something. Indeed, as long as people are relying on these influencers, their end is inevitable. And the truth is we cant push everyone to think before believing in these because they may have small knowledge about it and might have the ego that they really push that these influencers are right.

If people will never learn from other people’s losses, then they will never continue to trust crypto influencers and consistently falling in their traps. When in fact crypto influencers do not make money for us but for their own selves, so they won’t care to stop unless they are still benefiting and profiting from us. But if we always bear in mind to educate our own selves before investing, I guess we won’t rely from crypto influencers anymore, that might be the start of their failure.

That’s an interesting point of view and conclusion OP. Moreover, it is regrettable how some crypto influencers have the ability to control traders by spreading fake predictions and information, they specifically target the greedy beginners who have lack of knowledge and education. Fortunately, the majority of this category don’t have a huge capital and it means they have no capability to influence the prices especially the ones with large market cap values such as, Bitcoin and Ethereum. In my opinion, the more crypto users gain knowledge and experience, the more influencers lose their influence and control.

Having dipped my toes in the crypto pool, I can confirm that influencers are like the duality of an anti-hero – charming yet mischievous. They boost awareness and schooling on Bitcoin and its brethren, vital for tech growth and widespread love. However, remember, influencers aren't always legen-wait for it-dary! Social media stardom doesn't make them crypto-sages.

To tag all influencers as "naughty" is far from a done deal. Sure, many chase the green, but there are those with noble intentions, guiding folks through the crypto jungle. It's about acing the blend of knowledge drops and some sweet self-promotion. So, as we eyeball influencers with a dash of doubt, let's also salute their positive vibes in the crypto circle. And perhaps, one day, we'll be raising our glasses to that one influencer who uncovers the next big crypto treasure!

We can, I mean of course there are levels of bad, some are horrible and some are terrible and some of them are just a bit bad, but they are all bad. The reason? Because I haven't seen a single influencer who didn't aim at making money from what they provide, the "influence" they have is their currency and they want to cash that out, no matter how.

Some do that without accepting offers from projects so it looks noble but then they take ads, unrelated ads maybe, but they still do. So the goal of every single influencer is to make money from the "help" they provide, obviously some of them do not even help, and make you lose, those are the worst kind, but even the ones who help a bit do not really provide it for free, which means their goal wasn't helping you to begin with, that's the issue.

We are about to see them grow again unfortunately. I mean maybe not the same people, but the idea of a crypto influencer will revive again, maybe with different people, but it will be out there anyway. When? When the bull comes, when you see people making x5 to x10 returns, when there are coins or tokens that does x100, basically when the huge bull hype comes back again and we break over ATH prices in almost every project. That is when these influencers will get high up there again, maybe new ones but there will be some. As long as people look for a quick way out of this, they will end up with this result without a doubt and there is no way around it, it will just happen and we have to just accept it.

This is what happened. Because basically, influencers like this are just like being salesmen and feeders so that what they invest goes very well.
the problem is, many people really don't understand about conditions like that which seem to say Influence is something profitable even though this is just speculation accompanied by their hope that they will profit.

Regardless of anything they will still be profitable but it is clear that something like this will not go well for those who follow but cannot take advantage of the momentum, especially new people or beginners who don't even know anything about this kind of thing.

Some people might, but they'll walk away after they get burnt once or twice and realise they are the ones who are being dumped on.
Good content creators have a much higher chance of long-term success, if they're consistent in putting in effort and doing proper research before publishing the content.

If we ask in this thread, probably not many of us here would actually be subscribed to x1000-pump-type channels.

Influencers are also investors and need to earn profits to care for their lives. I agree that it's mainly for the sake of the individual rather than the community, but if we were in their place, we'd be like them. I don't blame those people, but I will say that the fault is largely due to the newbie entrants in the market with bottomless greed, so it is easy to be deceived by others.
You are right, not all influencers are bad, there are still a few still operate by imparting knowledge, but most of these people are not supported by everyone. Because people will prefer to find influencers who share x1000 projects and trading signals than knowledge sharers.

"Influencer" is a broad term and I wouldn't put all crypto-related content creators with high number of subscribers/followers into one bag. I'm not going to advertise any channel but there are a few out there that are pretty decent in terms of creating good-value content.
Those who exist only to squeeze out the maximum profit out of their followers, usually have short-life as people tend to turn away from them.

When we say Bitcoin education, the first thing that came to my mind is; What is Bitcoin and what is its function but maybe the topic about influencers and how they affect the coin is only just a bonus when the basic intermediate and advanced lessons are done.

Although any individual can learn on their own because the internet is now everywhere. Having a teacher or a mentor via the training program is still different. It gives them an advantage and the chance for them to find a wrong information is going to be lessened. The only con is, some of them are not totally free. Not all influencers are giving false information so it's not wrong to follow some of them.

I believe it is advisable to educate oneself before investing in Bitcoin or any other cryptocurrency. Bitcoin is a complex and rapidly evolving technology that can be difficult to understand for those who are not familiar with it. This is the reason why people often fall for the deception of cryptocurrency influencers, believing a cryptocurrency influencer without doing your own research can have several downsides. The so called Cryptocurrency influencers do not always have your best interests in mind and may promote certain coins or investments that may not be in your best interest. They may also share false or misleading information about the market or specific coins, which could lead to poor investment decisions. The most annoying thing about them is that they never face consequences for their false and misleading information.


When I was still a novice in the crypto world, I was following one of these crypto influencers on Instagram who was always posting some flashy lifestyle. He told me about investing on a platform he recommended and I decided to give it a go since I was trying to double my money. I did the initial investment, I gained some profit and decided to invest BIG to get higher profit but that was where I shot myself in the foot. I wasn’t able to withdraw my money for weeks, I complained to the ‘crypto influencer’, all he told me was to pay more to get my profit out. I couldn’t believe my ears, I knew I wasn’t getting my money back the moment I heard that. Immediately I reported to the police and FBI but they could’t provide any help so I went online in search of how I could withdraw my money from the fraud website. I eventually came across someone who spoke highly of Vaultech Asset Recovery Team stating that they assisted him in recovering some money he lost to a defi company. I spoke to them through thevaultechteam @ yahoo . com, provided every proof of payment I sent to the fraud company and they facilitated the withdrawal of my money which was successfully done. Not everybody has been lucky to get their money back from a situation like that but if you’ve been a victim of lost assets through any means, this team can help you out.

Conmen exist as long as there are people who can be conned. They just changed how they call themselves and right now they call themselves "influencers" and time will come when they will fall but they will just call themselves something else. The good thing is there are always people who expose these conmen, scammers, and/or influencers which is evidenced by the numerous exposés by civilians on courts of public opinion like Youtube, or people who were scammed and went to judicial courts to get justice.

And it's not really conducive in Bitcoin discussions to call people who went looking for advice in good faith about crypto "stupid." They already paid for their naivety by being led to fraudulent information about crypto, hopefully, they get smart about the next time.

Why not? It's an easy way to make money, Right? It's freaking easy to be a crypto influencer. You don't have to research before you say something to your audience. You grab news from a news website and cover the same thing without verifying anything. Everyone wants to be a crypto influencer these days. Who wants to miss easy money? You can easily use your followers to earn vast amounts of money. Their followers follow whatever they say, and that's why hackers hack those influencers' Twitter accounts and make posts like Send me 1 Bitcoin, and you will get 2 Bitcoin in an hour. These things worked for hackers multiple times.

People are getting smarter. But, every day, new people come into Bitcoin/Crypto market, and they don't know where to start. The first thing they do is follow those Crypto Influencers on social media and begin to hear what they say. Those influencers' posts are like "Top five coins that will be 100x in next bull run".

Whether we like it or not cryptocurrency influencers are here to stay. What we would see in the next fews years are well educated and informed influencers or should I call them Bitcoin educators. I call it the rise of the well-rounded crypto influencers.

The rise of these influencers will not make the scam influencers automatically disappear. No, they will still be there but their influence