Who would actually believe celebs promoting crypto? - page 9.

Naughty Princess

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Quote from: mu_enrico on November 30, 2018, 12:08:55 PM

Actually, popular people can influence people more than you think. There are many examples of them winning elections. Remember Arnold Schwarzenegger and Donald Trump?

Of course, smart guys wouldn't fall for their lies, but the majority of people is stupid. So, educate them!

Sometimes, popular people help to promote the projects because they influence and get trust to people. They can be used to educate the people about digital currencies give benefits. When they are the first to invest, people will follow, that is how powerful they are. Even they do not do that much, they gain popularity on the public.

Olayinka225

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Yes listening to those celebs talk about crypto is not something one have to rely on. Most of them or all of them might be doing the hyping of some ICO's or coins jusy because of what they too have been promised out from the profit made from such project. Is just like they're been hired to do the hyping for them and after that have been achieved, they leave and abandoned the project for thr project owner.

Apple Mac

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Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

Why not, since we all know Bitcoin is becoming popular in any form of media, and even popular icons may be involve to this given that when it comes to mass, they were one of the most easiest way to convince a large group of people and in marketing strategy it is a plus for them to be honest, and the usage of Bitcoin will be more and more popular to the people.

CammBamm

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I think the key message here, and I guess it goes for any celeb promoting any product...is does the celeb actually know anything truly about the project/product? Are they a genuine fan, perhaps and hopefully an investor, have any skin in the game? Or are they merely just a figure head, a puppet in the hope that by Celeb A promoting product XYZ, the masses will follow?

There are celebs out there who genuinely believe in and support what they are promoting or endorsing. Sadly there seems to be so many more who are just there to take the photos, bust out a few tweets and then cash the check!

btc-room101

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It's the 'cool factor', the thing with BTC is they have run out of suckers, so now they're bottom-feeding on the lowest classes in the USA, trying to reel new fish into the pond

It's good that SEC is now protecting morons, its sad that it took +5 years to close the door on criminal swindling that revolves around BTC.

Like PT-BARNUM, and George Carlin said, you take the most stupid person you ever met, and you divide his IQ by 2, and that represents the average IQ of the USA population.

If this shit didn't work, people wouldn't spend 100's of billions on advertising.

gentlemand

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Welt Am Draht

You can't consider something unless you're made aware of something. I would hope most people are clever enough to take what's hawked at them by celebs and then think about it objectively.

I presume there's no way of knowing what the conversion figures are. I'd love to know all the same.

Patatas

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Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

I was going to start a thread about this but stumbled upon yours. Great!

Anyone interested in reading the full story : https://www.forbes.com/sites/francescoppola/2018/11/29/floyd-mayweather-and-dj-khaled-were-paid-to-promote-a-fraudulent-ico/

The name of the ICO is Centra and according to the FBI, they're a fraudulent ICO. From bitcointalk to celebs like these, man crypto is going too far!! Well, not in the right direction.

CryptoToxicAvenger

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Celebrities are the last people you listen to. They can only say what is beneficial to someone for what they were paid. Do not take seriously their words.

fianaindriati

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Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

sometimes we don't know what the scam project is and how. because sometimes the rules for the game have been fulfilled. so it's also difficult to distinguish between good and not projects. moreover sometimes there is celebrity interference that falls in crypto.

minairia3

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CRYPTOMUS

Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

Because they could have a blind followers turned noob investors that some real traders might eat alive in the market. They also try to make them to market in the end user that might actually learn to use the projects product or service.

livingfree

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An icon would always be an icon and a fan, would always be their fan.

Sad reality that many are relying to their words and anything that they advertise. They look up to these people and takes anything they say, seriously.

Quote from: dothebeats on November 30, 2018, 05:12:52 PM

Remember bitconnect? The founder of the said coin was nothing but just a con-man dressed in suits

Hey hey hey..... waza waza waza up!!

dothebeats

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Remember bitconnect? The founder of the said coin was nothing but just a con-man dressed in suits, and a lot of people actually believe what he's saying, resulting into a lot of tears and torn wallets along the way. It is within the nature of people that when they're promised riches, they'll believe anything that anyone says, no matter how uneducated or clueless the person is. Celebs, too, knowing that they have a fanbase that will believe anything they say as long as it comes from the mouths of their idols. Having said that, it's not rare to see people believing in celebrities to make financial decisions, and crypto isn't an exception to that.

wewe123

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Yes that is true , I believe there are actually many celebrities that are promoting crypto currency, even if they are not been payed to promote crypyocurrency , but the celebrity themselves are joining the cryptocurrency activities, also for there interest in acquiring bitcoin and other altcoin , just like also naking investments.

jhache

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Of course, it's the same as if you drink Pepsi or Coca-Cola because Messi or Ronaldo promote it, if I take one or the other is because I like its flavor, not because someone is advertising/promoting them, maybe your favorite artist is in an ICO, can call your attention and thus you make the effort to investigate a little more, but nothing else, it is always better to do our own research.

mohammedmattar

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Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

I call it irresponsibility
The celebrities are supposed to be more cautious
Because they reflect the image of the field of crypto as a whole.

PeRo

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Defend Bitcoin and its PoW: bitcoincleanup.com

There are all kinds of people on the planet, some adopt stuff on their own or by the recommendation of someone intelligent and who has any influence. But sadly, there are more people who would adopt something which is a trend or recommended by some celebrity. Luckily, the same people are too dumb to adopt cryptocurrencies.

maianh09

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Quote from: efffgin on November 30, 2018, 11:23:57 AM

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

The influence from the image of the celebrities makes everything more prominent. There are many great projects supported by influential people in the world that help the project to attract and complete hard caps quickly. But the profit that the project brings depends on the development team of that project.

Belec

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It depends what celebrity is promting the crypto curenccy,the celeb has to prove that he used thecrypto currency for his fans to believe him or for me to believe.So i think believe the ones who showed that they used the crypto currency and that they like it,but there are a lot of celebs that whant to get payed to do a crypto currency ad.

Screamshot

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Sure I would believe celebrities or any individual that's promoting cryptocurrency if they can be able convey a strong reason with fact on why I should believe in cryptocurrency

mu_enrico

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Actually, popular people can influence people more than you think. There are many examples of them winning elections. Remember Arnold Schwarzenegger and Donald Trump?

Of course, smart guys wouldn't fall for their lies, but the majority of people is stupid. So, educate them!

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