Topic: The power of influencials and brand ambassadors, don't fall for it. - page 3. (Read 378 times)

This is the reason why I'm not watching any influencer anymore that's crypto related, or if I'm watching any of them, I'm making it sure that the video isn't a promotion to a new project whatsoever. I still think that there are still crypto influencers out there who are sharing some information to their followers. The problem though is that most of them are just making a video to promote a new project.

I can still remember the notorious with this one is the Youtube Channel "Bitboy Crypto" where all or most of his videos at that time are just either a promotion to a new project, or just a shilling video towards any top coins out there. He will make a simple analysis on a particular coin, then he will say in the end that he will buy. TBH, I watched some of his videos, and some of his promotion videos in the past, but I didn't buy any of them. After all, he is getting money promoting a project, and he isn't liable if things go south because of the phrase "Not a financial advice blah blah blah".

Thanks for the reminder OP, but I've been done this already for a very long time. In my 5 years that I've been involved into cryptocurrency, I didn't invest into a new project just because somebody shilled it on Youtube. Maybe the fact that I'm always low on budget also helped me not to invest into these new projects as well. Overall, I just hope that investors out there will make their own research, and don't just watch a video on Youtube regarding a particular project, and when they got attracted, they will invest immediately without any hesitation whatsoever.

Influencers don't care about their followers. What they only care is themselves. Be careful to those newbies out there because influencers are kind of scamming you in a different way.

Admittedly, a whole lot of these influencers have little knowledge of what they’re trying to pitch to their followers. A lot only do so only cause of what they stand to gain without giving much thought on the sincerity of the project itself nor to their audience they’re trying to sell the project to.
 
Some influencers do care about their reputation and influence they’ve got on their platform and wouldn’t be willing to propagate just any product but can as well be fooled into accepting a scammy project that was beautifully designed to look legit.

In essence, we should not take the word of anyone(especially influencers)as truth without first, doing a bit of research about it. Opinions of influencers shouldn’t necessarily be adopted as ours.

What makes one a crypto influencer these days? They don’t need to have in-depth knowledge of crypto or blockchain, they can simply read an article online and rephrase it to make it look like theirs. Most crypto influencers don’t know what they are saying half of the time, they are like actors reading a well written script. Influencers are in it for the money, they are not interested in making a difference, they just want to make money from their followers. That’s why we see many influencers promote projects without doing their due diligence whether the project is genuine or not.

You won't ultimately blame these influencers and celebrities, they may not know if it's a scam project they are advertising or not, with the way it would be designed and presented to them that even with research done you still might not find a fault at that moment cause these scamming project are also good as fvck in covering their track. If the government are not declaring or raise an alarm that these projects as scam projects how will it be that the influencer who's just called to do an ambassadorial advert will know.

We have had had some managers in the forum manage scam projects like casinos, exchanges which at the beginning they never showed any signs of scam. And these managers I supposed must have done their own background study before accepting to manage those kind of projects only for it to turn out to be a scam project running away with users money and even leaving the repute of such Manager at risk.

Everyone has their favorite person they love as a fan either through music, football, actor and actress, Mr. and Mrs., and content creators and because of the power they possess, they get endorsement deals, and partnerships to influence products to the people to make outreach to the consumers and potential customers they can influence to buy the products because of that love and likeness they have for them.

The past years, crypto isn't different from this as well. We have seen many of influencers with zero knowledge of crypto but because of the money attached and the greed to influence their fans to get money and because they have this power to make people rush anything they say, they influence people to buy or use them. Meanwhile, they have no clue about what they are influencing to the public and they don't care what happens after as long as their money is completely paid.

I want to share to you some of the things you need to know about brand influencing and why you should avoid them.

Most deeply don't understand what they are influencing: Many musicians and entertainers receive endorsement deals to make awareness about a project to their fans through social media and other quick places they can reach but if you interview them, many of them wouldn't be able to differentiate between ERC20 and BSC20, they don't do a background checks about the project they advertise or post on their page. Once their check has been paid, they do what they know best to post without doing a personal review if it's worth making a public announcement or not for the public, be careful about the crypto posts they display on their pages and timelines.

They don't use what they advertise: A good leader must show a good example, that is what leadership entails, you lead then others follow but influencers don't buy crypto or coins they advertise on their page, the only thing they want is their money. You will be shocked that they received the influencing fees in BTC and USDT instead of the crypto they advertised, they know very well that the coin they are trying to advertise is fake and not worth it but they will sell it out to the public by the way, just to do their bad job for fans to buy what they don't use.

They don't have accountability: In every 10 of projects that are out there, there is a high chance of 9 that will fail but influencers will advertise any deal that comes their way but when these projects fail, they don't care about the outcome, they will remain quiet or even mute mode of response like disabling their comment sections and inbox, they don't care unless there is legal challenge against them. There was some time back when Mayweather, DJ Khalid and Kim Kardashian advertised one altcoin last year but eventually turned out scam, fans lost money and were mad about it and they were later sued for promoting a scam project, this is how influencers can put you into bad situation if you are not careful.

They don't care about the response of the public: If you buy any crypto that is advertised by influencers, two things is involved, either you buy and make some profit when they list it, which with this, you are safe but if it turn bad, you can't help it but accept the reality of the loss. It's better you do your own research and have a judgment and live by it instead of believing another person to buy.

Avoid being influenced to buy a coin or any project, learn to do your own research, do some background check about the project, check the aims and objective of the project, the scope of the project and what they want to do, and not some unrealistic magic just to eat investors money.