I agree with your thoughts that bitcoin education will have a big impact on how people feel about cryptocurrencies and people's tendency to follow crypto influencers. With the emergence of more and more training programs for bitcoin and cryptocurrencies, people will have a better understanding of how this market works and what opportunities it can provide.
However, I don't think crypto influencers will cease to exist entirely. Even 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.
Topic: The fall of crypto influencers. - page 3. (Read 883 times)
We’re not yet in a full bull market. These scammers, grifters and charlatans only surface during bull markets where they can push shitcoins on gullible noobs and shill their promo codes for exchange signups etc.
Crypto influencers exist to make money and unfortunately there will again be lots of opportunities for them again in the next bull market.
Not only that, I also think that one major factor contributing to the fall of crypto influencers is the increasing regulatory scrutiny of the cryptocurrency industry. Governments around the world have become increasingly concerned about the potential for cryptocurrencies to be used for money laundering and other illegal activities. This has led to the introduction of new regulations that place greater restrictions on crypto exchanges and other related businesses.Crypto influencers exist to make money and unfortunately there will again be lots of opportunities for them again in the next bull market.
the rise of scams and fraudulent activities in the crypto space has also contributed to the fall of crypto influencers. Many of these influencers have been associated with projects or initiatives that turned out tobe fraudulent, leading to a loss of credibility and trust among their followers.
We’re not yet in a full bull market. These scammers, grifters and charlatans only surface during bull markets where they can push shitcoins on gullible noobs and shill their promo codes for exchange signups etc.
Crypto influencers exist to make money and unfortunately there will again be lots of opportunities for them again in the next bull market.
Crypto influencers exist to make money and unfortunately there will again be lots of opportunities for them again in the next bull market.
I have a lot of thank you to send to some crypto Influencers, they are the reasons why I learned to sniff the difference between a project and another, some things don't matter to me before, like how many holders a project has, how many coins are in circulation and especially the market cap of the projects, lol, all I used to care about is the chart but thanks to those videos I watched, many crypto influencers don't know much about crypto and some are doing it for money but not all of them, some have something good you can learn from them.
And after all, these influencers make more people know about Bitcoin and adapted to it. Honestly, we can't generalize all influencers a bad one because of 1 or two of them who did it wrong. We also have to appreciate some of them who are really helping the community to grow and spread information about crypto. They will not be going to fall but instead, we gonna expect them to grow and multiply because known personalities on social media can be a medium for such things, developers will hire them and promote their projects.
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So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
influencers have a motive in every video they make!So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
they have a goal and that is increased branding on their account!
there are many examples that can be seen where there are many crypto influencers who actually have goals and motives in every video they make, including broadcast time, subscribers and referral links. they are no longer honest with it and everyone who listens should be more critical and careful in believing every sentence they issue.
I made a post about crypto influencers not that long ago talking about how people still trust them despite all the cringe and stupid stuff they post.
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
I think the third category is the most interesting one because I don't know how long it will exist considering what is happening with Bitcoin right now.
We can see that there are more and more programs about Bitcoin awareness and crypto education. More people are getting interested in what bitcoin/crypto actually is. And one of the signs of Bitcoin adoption is the promotion of Bitcoin education.
I think in the next few years, influencers can lose their "influence" over uneducated people because they're gonna be fewer and fewer of these people on the internet. And I don't think that bots and normies are sustainable audiences so I think influencers will see a hard time soon.
And overall, bitcoin education will decrease people's need for influencers simply because they will already have all the knowledge needed and all these Twitter posts about "PUMP IS COMING" will sound pretty stupid. And you shouldn't be the most educated person to see it. And it's pretty obvious that all these Twitter people post specifically for people who don't have a good knowledge about crypto because most of these posts are just basics and hype.
So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
I think the third category is the most interesting one because I don't know how long it will exist considering what is happening with Bitcoin right now.
We can see that there are more and more programs about Bitcoin awareness and crypto education. More people are getting interested in what bitcoin/crypto actually is. And one of the signs of Bitcoin adoption is the promotion of Bitcoin education.
I think in the next few years, influencers can lose their "influence" over uneducated people because they're gonna be fewer and fewer of these people on the internet. And I don't think that bots and normies are sustainable audiences so I think influencers will see a hard time soon.
And overall, bitcoin education will decrease people's need for influencers simply because they will already have all the knowledge needed and all these Twitter posts about "PUMP IS COMING" will sound pretty stupid. And you shouldn't be the most educated person to see it. And it's pretty obvious that all these Twitter people post specifically for people who don't have a good knowledge about crypto because most of these posts are just basics and hype.
So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
Until now, most of the subscribers, fans and followers of some certain “influencers” that you’ve mentioned are uneducated, misinformed and has lack of understanding as they we’re just too prone of the “hype”.
As they are prone, they just simply go buy this and buy that without questioning at all, not having second opinions, no hesitancy and not doing their own research plus lack of proper risk management.
Some of my contacts until now are still having that mindset. As a result, they stumbled on the same stone not learning their lessons about the losses that they have suffered because of the “financial or investment advice” being made by the so-called “crypto influencers”.
But of course not all of them are like that. There are some who are realistic and more on education rather than hyping their subscribers. I respect them more than those influencers who are saying like “Bitcoin will go 100x next year, bla bla bla, etc.”.
[True. There are a lot of avenues now to learn in bitcoin, it’s just that people are lazy to make their efforts to learn. Instead, they chose to trust crypto influencers and expect quick profits like what these influencers have promised to them. They lose their capital in the end. If newbies will always have stupid mindset like this, and will always be motivated by greed, then it will only increase the number of crypto influencers around. That’s the reason why new investors should never be encourage to come in the market without having good education on what investment they plan to enter. Otherwise, crypto influencers will keep on benefiting from them.
Crypto influencers have the ability to affect the way of thinking of persons in a specific trading region, motivate the public, and distribute the coins to interests best known to them. I never placed my trust on influencers; some are trustworthy and legitimate, but the majority are only interested in popularity and generating profits. The easiest method to avoid further losses is to stick to one trading technique and to restrict most crypto influencers online since they might sway traders' mindsets into investing in a project that is a dump or lacks a solid roadmap. I made a post about crypto influencers not that long ago talking about how people still trust them despite all the cringe and stupid stuff they post.
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
I think the third category is the most interesting one because I don't know how long it will exist considering what is happening with Bitcoin right now.
We can see that there are more and more programs about Bitcoin awareness and crypto education. More people are getting interested in what bitcoin/crypto actually is. And one of the signs of Bitcoin adoption is the promotion of Bitcoin education.
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
I think the third category is the most interesting one because I don't know how long it will exist considering what is happening with Bitcoin right now.
We can see that there are more and more programs about Bitcoin awareness and crypto education. More people are getting interested in what bitcoin/crypto actually is. And one of the signs of Bitcoin adoption is the promotion of Bitcoin education.
Yes , you are right. Actually most of the crypto influencer just wants to marketing that crypto currenceis. But they actually donot aware of that, maximum people who are working under them (influncer) they are not know about bitcoin properly. Even some are just hear the name of Bitcoin , but their knowledge is nothing.
I think in the next few years, influencers can lose their "influence" over uneducated people because they're gonna be fewer and fewer of these people on the internet. And I don't think that bots and normies are sustainable audiences so I think influencers will see a hard time soon.
I don't think influencers will see a hard time soon. Because , there are a lot of people who are working under a influncer. Most of them are uneducated , but still few of people there.
And overall, bitcoin education will decrease people's need for influencers simply because they will already have all the knowledge needed and all these Twitter posts about "PUMP IS COMING" will sound pretty stupid. And you shouldn't be the most educated person to see it.
"PUMP IS COMING" This word is really stupid.
So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?
I think there still will be enough stupid people to follow their advice
True. There are a lot of avenues now to learn in bitcoin, it’s just that people are lazy to make their efforts to learn. Instead, they chose to trust crypto influencers and expect quick profits like what these influencers have promised to them. They lose their capital in the end. If newbies will always have stupid mindset like this, and will always be motivated by greed, then it will only increase the number of crypto influencers around. That’s the reason why new investors should never be encourage to come in the market without having good education on what investment they plan to enter. Otherwise, crypto influencers will keep on benefiting from them.
Although to be fair, it is kinda expected that profits are going to happen when an influencer says it. It brings hype and therefore makes people to buy causing the demand to go high and... well you know what's next. Price increase.People are just overdoing it causing for them to lose money. Just because something happens once does not mean it can happen again. I can still recall the times when Musk was like a hot topic in here. We still got some news from him somehow but the hype is just not there anymore.
In the long-term, it is just not worth it to be honest.
There's also a group of pragmatic traders who follow them i.e. to get early info on what shitcoin can pump soon, or to get a gist of what's the currently dominating mood, You might not like them, but if they have millions of views (probably not anymore though) then they do have an influence on the market and on shaping public's opinion.
ps I love the paradox of the vast majority of people not considering themselves to be "normies".
I am starting to think that there are social circles revolving around these like it is mass doing these kinds of pumping.ps I love the paradox of the vast majority of people not considering themselves to be "normies".
There are many online course and learning about Bitcoin can be accessed without need to pay anything because it's free. But most people don't want to learn because they only want to focus to make money and following the upcoming hype to buy a potential shitcoin. If people have spent their times to learn about Bitcoin, crypto influencers will fall day by day.
I think crypto influencers will not fall because there are a lot stupid people out there.
True. There are a lot of avenues now to learn in bitcoin, it’s just that people are lazy to make their efforts to learn. Instead, they chose to trust crypto influencers and expect quick profits like what these influencers have promised to them. They lose their capital in the end. If newbies will always have stupid mindset like this, and will always be motivated by greed, then it will only increase the number of crypto influencers around. That’s the reason why new investors should never be encourage to come in the market without having good education on what investment they plan to enter. Otherwise, crypto influencers will keep on benefiting from them. I think crypto influencers will not fall because there are a lot stupid people out there.
I made a post about crypto influencers not that long ago talking about how people still trust them despite all the cringe and stupid stuff they post.
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people
There's also a group of pragmatic traders who follow them i.e. to get early info on what shitcoin can pump soon, or to get a gist of what's the currently dominating mood, You might not like them, but if they have millions of views (probably not anymore though) then they do have an influence on the market and on shaping public's opinion.
ps I love the paradox of the vast majority of people not considering themselves to be "normies".
Op, your opinion are good but as long there are greedy investors who just want to make money quickly there will still be crypto influencers.
yes they can follow the influencers for their large sum of money with greedy behaviour but they forget about the thing that whenever they will face 2 or 3 losses so they will leave behind the idea of influencers. The person doesn't get experience until he face the thing but once a person faces bad or good outcomes then his final decisions will be the better one.
People can follow the wrong people but not for all the time when they know that the influencers are providing wrong information they will not follow the influencers because wrong people cannot persist longer as we don't know that influencers who gives us information are really trusted person or not so after knowing reality trusting is not easy.
You know in truth there are still other influencers who teach correctly in crypto trading according to my observation, and here in our local there are other influencers who teach a simple tutorial about trading.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Well there could still be some. Not a crypto-influencer nor something I am promoting, but back when I was day trading I used to watch Crypto Jack to learn how to trade in Binance back then. Didn't really worked out for me in the end since I was emotionally exhausted. Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Again going back, I would still take every crypto influencers words with a grain of salt. I ain't worshipping someone just because s/he has plenty of followers. It's way too much to just take followers as an indicator for the truthfulness.
I have a lot of thank you to send to some crypto Influencers, they are the reasons why I learned to sniff the difference between a project and another, some things don't matter to me before, like how many holders a project has, how many coins are in circulation and especially the market cap of the projects, lol, all I used to care about is the chart but thanks to those videos I watched, many crypto influencers don't know much about crypto and some are doing it for money but not all of them, some have something good you can learn from them.
You might need to take a step back there, mate. It is still better to "sniff" by your own instincts not because someone else told you to do so. 
I have a lot of thank you to send to some crypto Influencers, they are the reasons why I learned to sniff the difference between a project and another, some things don't matter to me before, like how many holders a project has, how many coins are in circulation and especially the market cap of the projects, lol, all I used to care about is the chart but thanks to those videos I watched, many crypto influencers don't know much about crypto and some are doing it for money but not all of them, some have something good you can learn from them.
You know in truth there are still other influencers who teach correctly in crypto trading according to my observation, and here in our local there are other influencers who teach a simple tutorial about trading.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Yeah, there are decent influencers, but there are not a lot of them. And the saddest thing is that they have fewer followers usually. Anyway, there are more normies and indicated people than hardcore crypto holders and traders, and it's just like almost in any thing.
You know in truth there are still other influencers who teach correctly in crypto trading according to my observation, and here in our local there are other influencers who teach a simple tutorial about trading.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
I don't think there is anything wrong in influencing crypto, the only issue I will have with that is if what they preach is wrong so I won't even think anybody should fall for that because is a stream of income to them.
I think this is what most people see as a problem and one of the reasons for their downfall. Experienced traders are already familiar with how such influence and recommendations work, but beginners are not always aware of this, so they often become victims of such dishonest influencers.
To be fair though, there's probably a lot of influencers out there that's really passionate about crypto and will give you what you need, not what you want because boxing them all in 3 categories seems kind of indicative that you're quite quick to judge someone. I don't think there's going to be a fall for influencers because when the market rallies to green, guaranteed that they're going to sprout out of nowhere preaching about the market and shill their tokens.
I agree. Not all influencers are like that. Maybe other people consider them as "influencers" but for me, those who really are passionate to give knowledge without taking advantage of using their followers are the real influencers because they can influence others in the space. Also, other so-called influencers may lose their hype but new ones will emerge so we really can't say that crypto influencers in general will fall. I'm not saying I follow these influencers but there are always people who will.
According to a recent study, it has been found that over one-third of influencers on TikTok, a popular social media platform, are sharing videos containing misleading information about Bitcoin and other cryptocurrencies. This alarming trend has raised concerns about the potential impact of misinformation on the general public, especially young and impressionable audiences who frequent TikTok.
Source: https://www.cryptopolitan.com/30-of-crypto-videos-on-tiktok-mislead/
Source: https://www.cryptopolitan.com/30-of-crypto-videos-on-tiktok-mislead/
I do believe that they fall down hard during this bear run because most of them showed their hand, that's the main reason. During the bull run period they shared stuff with promotion so they made some money but at the end of the day investors mostly made money too, if they failed here and there, they made it back with others and that was their "in", they convinced people that way.
But, during the bear market they kept doing the same thing and the result was much worse, people did not trust them and saw that they just got money from promotions and sold them out. Which is why there are a ton of influencers who are no longer influencers and they became aggressive about it as well and caused a ton of trouble as well.
But, during the bear market they kept doing the same thing and the result was much worse, people did not trust them and saw that they just got money from promotions and sold them out. Which is why there are a ton of influencers who are no longer influencers and they became aggressive about it as well and caused a ton of trouble as well.
It can be said that many people take it as a livelihood, so I don't think they will break down anytime soon and stop doing it. Moreover, the market always has newcomers every day, and newbies tend to look to others for support, so influencers will always have a way to survive. In my area, influencers are still active on a daily basis, although the hype has died down as we are still in the bear season. But every time the market recovers, bitcoin goes up in price, and they appear more and more, I never see them disappear.
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