Topic: The fall of crypto influencers. - page 6. (Read 883 times)

Now a days very small number of individuals follows crypto influencers and these small number of individuals are those who cannot do anything for themselves but they want to get profit without any hard work but in my opinion following blindly can sometime become risky because of unawareness of the fact.

Many influencers are getting cash as a result of the knowledge they give to the individuals and some are providing without any pay but one cannot differentiate between these influencers so it's important to research before starting and do not follow influencers so in coming years may be the number of influencers reduces due to less admires of these because everyone will be familiar and will use use own thoughts in coming years

Op you sounded objective, but you will be if not one now a bitcoin influencer. So are you excluding yourself? You don't have to sound offensive to the bitcoin influencers, they are not doing a bad job but it is their part to promote bitcoin on their end. But if they are not doing the right thing then they should be castigated for what you have said.

Not that those people are not educated, they are because uneducated elements can't speak fluently and trying to convince someone. So if you notice that they are misleading people from the original track then you should correct them.

nope. they are here to stay. while they appreciate altcoins, they appreciate BTC the most. so those altcoins they are trying to promote are just thier sort of added interest to the crypto subjects.

everyone likes BTC. that's the strong foundation that crypto investors have. but because there are some other projects like ETH and the rest, they also care to report it to anyone interested. they may be shitcoins but they exist trying to get everyone onboard.

I agree with you statement because I feel same about those influencers. Their main targets are those greedy people. Those fake gurus do their planning in very proper manner that those greedy people won't notice the manipulation that they are going through. Once they fall into the trap of the influencer, they will blindly go with the call and purchase the shit-coins that can go 100% down anytime.

We can fight those fake gurus by educating the newbies through Youtube and other social media platforms. If those fake influencers are using the social media for manipulation then we can also use it to produce quality material that will help those uneducated investors, or I must say those greedy fellows.

Influencers in the cryptocurrency space have been crucial in bringing cryptocurrencies to the general public's attention. People have lost money as a result of the cryptocurrency market's volatility, and some have accused influencers of tricking them into investing in underperforming cryptocurrencies. Additionally, some influencers have engaged in fraud and frauds, which has caused their following to lose faith in them.

Although crypto influencers have contributed significantly to the development of the cryptocurrency industry, they are still exposed to the same market risks as other investors and cannot be assured to be successful. Their credibility and reputation are also very important, and any wrongdoing might result in a decline in their authority and confidence. As a result, it's critical that cryptocurrency influencers behave ethically and honestly, and that followers conduct their own research prior to purchasing cryptocurrencies.

I don't think crypto influencers are going away any time soon, because there will be always gullible people who does not know all the extend of the scams one can find on internet, that is specially true on people who has certain age and do not understand that Crypto is not magic and cannot generate a passive income of two figures in a consistent way.

I personally know the case of a mother who lost $30k to a ponzi. 

It would take several technological companies and social media to get together and put explicit Terms of services on the table to contain people who just want to scam their followers.

The most accurate post in this thread I've seen so far. I don't think they are influencers! They want a commission from users signing up and investing, and at the same time, they are making money from a few more sources. They are making money by advertising the product and from views. All they care about is money. Even they promote Ponzi schemes knowing that their followers will lose money. They turn off the comment of their video if people start to complain.


You can't fight them. Ignoring them is not a fight. You can ignore them because you know what they are doing. But newcomers always want to learn about Tech, Crypto, Bitcoin, etc. Unluckily, those clowns always get the first page of the search result. They will exist until the end of the world. Just make sure your people don't hear them.

Regardless of where the world is heading, influencers have a role to play. They may be fewer in number, but they will still find a way to influence others. Technology is not yet available everywhere; certain regions in developing countries have no notion what it is all about. When technology advances to that point, we may still see people falling under the spell of those influencers before they gain a grasp of bitcoin education later.


You can never get everyone to be exactly the same. As you stated, more people will still accept the advise of such influencers. Some may even make it appear personal, as if they had something to gain by following those influencers.

Cryptocurrency market influencers are fading away due to various factors.
1) First of all, most of them do not have a solid knowledge of cryptocurrencies. They use their influence to hype projects and paint a bright future even though they know that all cryptos are just startups. The risk of investing in them is huge.
2) Crypto influencers don't have solid trading knowledge and try to mislead the community to profit in a sophisticated way. They use financial instruments, using their own money to put people at risk for profit.
3) They don't have many stable income sources, most of which come from PR for projects. This becomes obsolete as the community gets smarter and faster than they think.
4) They go bankrupt as quickly as they get rich from their unethical behavior. Their financial management is poor and they gradually drift away from the community.
5) They don't bring value to the community and they get back with a drop in followers.

Well, I do not believe the real/honest influencers will ever fall assuming this is about those who can influence the price of Bitcoin/crypto & other things here. The issue is with false influencers or people who are nolonger able to influence things in Crypto space.
So, the false ones will fall while the real/honest ones will rise or continue to rise.

* It's important to note that all the real influencers rely completely on the CREATOR of the Universe, that's how you know them. Those who exalt themselves have been brought low while those who exalt the CREATOR have been lifted up. One of the secret is to exalt the CREATOR so that you may be made a true influencer. We are in a unique time in human history. A time for justice in the World.

When they have more and more followers, it will be a good weapon to continue to influence many people to follow their advice.
Like the clown saying the pump is coming, the choice of coins that must be bought, and many more.
People who are unfamiliar with crypto might get interested and start following him.

Such influencers also benefit from the projects they promote.
Just look at the links embedded in the description will definitely provide referral links to benefit when people join.

There is no such thing as free financial advice, it has to be paid for with profits for the influencer.
Some influencers do provide knowledge about trading, but most of them just brag about new coins that will potentially rise high.

Distinguishing the clowns who are just giving nonsense will be quite easy if we are more updated and know the real information.
Being a beginner is not a limitation to getting clearer information.

Almost all influencer platforms have started to share their knowledge and advice on crypto, but don't take all advice at face value, it's worth researching.
Some dips are necessary, as the market has been strong enough to stay above for a long time.

I don't want to go too far about this because media influencers always have their ways of getting and attracting people's attention. The more we grow in knowledge the more they also diverse a means for people to believe them and moreover there are lots of population in the world and still some people aren't yet exposed to the internet.

There are people who still don't have the knowledge of bitcoin or digital currency which I believe they are the people who lives at the interior villages where they have no modern facilities which includes; Poor network, lack of electricity, poor media communication and many more.

Whenever these people hear's about all new technology's it sounds so strange to them and most of them who are little exposed may want to visit the internet (google, facebook, twitter, Ig ect) to source information, any information gotten from internet might be seen 100 percent right for such people.

In summary, there's no way to prevent influencers from spreading whatever information they feels like sharing. Alternatively as an educated individual we (you) are could go deeper in making your findings and research before either or whether to believe in any news from influencers.

Correction:
1) Corrupted souls (celebrities, social media figures, sponsored youtubers, etc)
That is all. These are the only kinds of people who influence cryptocurrency. They are corrupt and there is nothing else to it. Here is their method:
1. Sell themselves and probably their true self out for a personality that a following will like
2. Create content that the mainstream audience will surely consume
3. Get sponsored by a large entity to do something that will probably detriment their following at one point or another.
4. Repeat until their following feels betrayed by the person they once enjoyed viewing or even looked up to.

Normies and bitcoin uneducated people would more likely be those who are effected by crypto influencers. It's not surprising that crypto influencing (and influencing in general) reached peak effectiveness during CoronaVirus/COVID lock-down/isolation periods, when mental health was surely at its lowest for the populations of those countries imposed on COVID sanctions to "stay inside".


I agree completely with all of this. I have not done any thorough research, though from general online and offline observation it does seem like crypto influencing/influencing in general is having a much lesser effect on people than what it was before.


There will always be gullible sheep unfortunately. For as long as there are platforms to influence, there will always be people who will be influenced. I do believe that the decline has started and we should all be thankful for that.

They are not influencers but clowns on YouTube trying to do everything they can to get profits. Their only weapon is greed. The more greed people have, the less they think, so they do everything they try to stimulate your greed, and thus your thinking becomes less.

To fight them, you must educate yourself by looking for the correct sources of information and reading books, and then you can easily distinguish between these clowns.

As long as the condition of people, especially for new things, still expects something instant without learning more about Crypto, I think influencers will still continue to exist in terms of influence and will actually continue to mushroom because there are many people like that.
The laziness of people in learning something, especially for those who have minimal literacy, has always been the biggest reason for the existence of influencers like this, even though if we want to learn more, such things can still be minimized, it's just that when there is a lot of laziness for new people then of course such things will never disappear.

Consider yourself lucky if you are not given another 10x because it shows that such a person is been realistic, 10x projects in a bear market are very rare and if anyone keeps giving you a 10x project almost every time something is wrong, they are trying to use you and their followers to pump their bags, it means they have gotten into the projects before you and only you the followers can help them reach their main target and they will dump their bags on you.

When they don't give another call it's because they don't have any, good calls don't just always pop up in crypto space, do you know how many projects get into crypto per week? Sometimes it's over 100s and the majority of these projects are scams.

When it comes to general knowledge about bitcoin, it is true that we can get information for FREE via searching it in the internet but the problem is that you will have the hard time on what sources and also the process of studying that you will do. There will be information overload wherein you will be confused by studying a lot of topics.

But if you have spare money that you willing to allocate for some online courses in order for you to have mentor that will teach you from beginner into advance levels then it is better just make sure you will choose a Legit teacher and not a mentor who just focusing to make money.

I do not trust influencers because they are posting crypto related topics because of monetisation and brand deals. Better to get information in the legit sources that can help you to have better investment decisions.

There will always be stupid people, but like you have said the number of stupid persons that just take the opinions of these influencers simply because they appear to be successful online will reduce more as awareness spreads the more. Everything comes down to information, the person with the information is the most powerful person, and since influencers have good access to information better than most of their followers, they have a strong influence over them. When this information about Cryptocurrency becomes more distributed that more persons have access to it, people will no longer need to depend on these influencers when they can now make and form an opinion on their own from the information they have.

I'm thinking on which on the three am I because I did follow some in the past, but not anymore. Maybe I will just put myself in the third one, because I don't consider myself as Normies since I always do research whenever I invest into a new project. I'm not a bot as well. At least in the third one, for me it isn't uneducated, but more of a "lack of knowledge" kind of people.

There will still be stupid people following them, and just by looking at how many people are spending their time on the internet, I believe that they will not stop.

I mean there will still be lazy people around the world who will just follow what the influencers they're following are recommending, and when they lost, they will put the blame on them which is quite ridiculous knowing that these people who are following these influencers are lazy.

Do they think that being lazy will make them rich? Do they think that following the recommendations of these influencers will make them rich? Do they think that just throwing money into a project without any knowledge into it will make them rich. If only it's that easy to be rich, then we must all be rich by now.

I did follow these 2 crypto influencers back in the year 2019 I think. Bitboycrypto in 2019, and Voskcoin in 2020.
Overall, they are being paid to shill some new projects that's why I'm not following them anymore. TBH, I don't know anymore influencers who are advertising projects than these 2 especially Bitboy which is just a stupid sh*t who advertised a few projects in his channel, and now those projects are nowhere to be found now.

It's just crazy that Bitboy has more than a million subscribers still while Voskcoin has 600k+ subscribers, and that shows that there are still people who are either getting entertained with their videos or following what project/s they're advertising on their channel. Well, I subscribed to Voskcoin back in 2020 not because of him focusing on mining (because I can't mine Bitcoin using mining rigs here), but because his Shiba Inu doggy "Tails" is very cute. 

Normally, bots don't earn influencers anything; it's likely the nomies and the uneducated Bitcoiners or the crypto newbies. They are always in a rush to make money and thereby fall into scam altcoin projects or even get duped by someone promising to multiply their investment. There are really some people who will not devote time to learning, and there is no way to totally change that fact, so influencers will still benefit from that.

Bots only make up followers for those influencers; if one really takes their time to scam an influencer account, you will discover that there are a significant number of bots in those account, and victims just fall for the high numbers of followers those influencers have, not knowing that a lot are just bots.