Topic: Why social media influencer is a danger to our newbies (Read 135 times)

Fomo is the reason that the majority of newbies become their victims. Some of these influencers are ignorant of trading but because they know that their popularity can easily persuade people to believe in them, While some of them were only paid for advertisements, they are only concerned about their pocket they don't care for your losses.
Newbies should not be persuaded by the expensive goods that influencers use because if you are scammed, you have no one to turn to for support. It is better to take your time and conduct your own research because knowledge is never a waste.

Social media influencers just dey after their pockets, dem no get knowledge about trading or a particular platform, dem no dey also carry research. As long as dem don receive their money, dem go hype the platform and make trading look so easy with all that their nonsense talks like "I was struggling financially until I found ABC trading platform and my life changed, now I make $2k - $3k in a day just by trading on ABC trading platform."

Naso people wey no no what ups, go blindly following their advice go lose their money. So any person wey want succeed for the crypto space, make him no dey pay attention to dis influencers at all.

First and foremost, I will agree on the fact that in every good eggs, there is the bad egg amongst them. So, i can easily distinguish that there are good social media influencers who have done well to impact on the life of people online rather than destroy it for their own personal gains. These kinds of influencers, as I've gone to identify, need to do a good check on any content that they create, so they do not just accept advertisements for companies without doing their own due diligence as far as verifying the legitimacy of those companies is concerned.

Whereas there's this set of influencers who do not care whether the products that they are representing or the brand is reliable, what they are after is for them to make money from advertisements that are coming into their table whether it is for the benefit of those targeted audiences or not, they do not care at all. All they are out for is to make that money. So even when there are companies like Ponzi schemes that come to take people's money and run away, still, they get to represent those kinds of companies, as long as those companies can pay their bills.

So whether you are a newbie or an enthusiast online, what is the bottom line for me is that you have to be disciplined. You have to discipline yourself in a way that you don't go into doing something or believing something until you've done your own due diligence and you've put a lot of things into consideration, not simply because you want to make money out of an advertorial or an advertisement that has been made to you. I think that is very important and keen.

I will not blame those influencers neither will I blame the victims, the victims are ignorant and sometimes fear of the unknown can lead to this meanwhile those influencers are just there to make their money.
In as much as everyone wants profit with their investment or trade we should be careful with common mistakes like this people faced earlier that lead to loss etc.
Talking about trading, I know a lot of people just want to make the money sharp and wanting to seek help or signals from others, some will go ahead depending on online tutorials like random videos on YouTube where people who bear the name expert try to share their knowledge and opinion. I never try am before but it's best to always ask someone who get involve with those video if they're really making profit, always ask questions and if possible take more time to learn first before taking any step further.
Secondly those influencers you mentioned never begged anyone to follow their page but traders just willing followed the page for more info, another method to prevent all this is don't get involve with almost all influencers page you meet online cause not all influencers are to be trusted.
Lastly know what you want as a trader or rather know what you're going for, in my opinion na confused people dey easily get lured to all this loss on social Media.

The believe say na newbies never understand the strategy wey dem dey use now, people wey don dey crypto space for long time know say influencers only care about themselves alone, they don’t care about people following them, so the best thing is avoid influencers, and most people that I know which are always following influencers are the newbies, na why plenty newbies dey always fall for scam, before they go understand how the system dey work.

Most of them will just tell you the amount they make, but they no go show you proof say dem really make that money, and some wey dey show proof say dem win money, they will only post when they make profit, but anytime wey dem lose, dey no go ever post am, so if you dey follow them up, you go think say na always dem dey always make money, and dem no dey lose, but make you just pay them say make dem dey give you signal, na when you go know say you don waste money be that.

Most times those social media influences dey advertise one exchange, na e make them go come dey decieve people say trading dey very easy if you trade for that exchange wey them dey advertise, just to lure you into using the exchange. The bad thing be say, we no say make them no advertise for exchange but why na trading wey dey very hard, and need professional skill na e them dey talk on to make am look very easy to make money, and before you know am those people wey no understand anything about cryptocurrency go think say na so trading easy, and them go jump into trading to get rich quick, because of the sweet mouth wey these influencers use decieve them and show them many money say na trading give them. Whereas na just lie them dey lie. This influencers dey after their money wey them won get, and them no care about you whether you fall mugu for their sweet mouth or whether you run at loss, as long as they get paid for their job, them dey okay. So make you no dey believe anything wey you hear for social media until you don do your research. My advise as a newbie be say stay away from trading for now, and think how to buy and hidki bitcoin first.

It is correct to say that there are still professional financial advisers and influencers with good intentions on the social media platforms only that they are very few in contrast to the vast number of scam influencers that are focused on squeezing money out from newbies by preying on their ignorance and weakness.

One of such few genuine influencers I know and do follow on socials is John Obidi he is popular for those on telegram they would know about him and I must admit he has in one way or another impacted positively to my life's decisions financially. So newbies should learn to make research about any influencers they meet online and crosscheck his past records and history how he has been able to positively touch people's lives and not just to jump into their too sweet to believe offers and gimmicks.

For me E never too Tay wey I join this forum but as I don go beginner and help I don see similar cases of social media influencer wey dey influence newbies. And then don talk about the matter how we go dey careful about social media influencers. Like yesterday for Facebook, I see this similar issues where someone  just post binance wallet address, wey get almost $2k, dem dey preach say them dey into investment of bitcoin, say dem dey settle any crypto currency problem . So I come they reason that mather , say no be this thing them talk for forum? I just say na this thing I dey read always for forum say I no ft make mistake after I don listen to such information. We really need to be careful the way we handle issues of wallet and coin.

They are not only targeting the newbies but most at whom is flexible to be convinced and whom they can successfully intrude into their emotions and take control of them.
It is a call alert for everyone to be aware of the social influencer and so earlier the best we know that they exists and how they operates s then we would have the chances to resist them at when they strikes.

The fact is just that most of us are just blinded by greed, how can you see such ads about how a person endup changing $100-$10,000. It's actually crazy! The thing is that is not only trading,  still some certain investment platform how you can deposit small amount of money by claiming a certain percentage of the money you invested for some given period of time. And at the end the platform would crashed also with your funds in it. According to what you said if the stuff is actually true or legit and they're making such amount of money what is the need of them to always keep  preaching on a stead on social medias. And recently someone I know of experience the same related shit, he saw someone advertising trading bot so he messaged the guy that his interested in buying the trading bot and the guy told him that the price is $15 so he was like telling the guy that the amount he has with him at the moment is  $10  the guy told him to send it anyway that he would complete it for him ( just imagine) then he agree and  transfer the cash to the guy (the seller of the bot) lateron he messaged him and told him that the real price is $20 so he told the guy that he don't have such the guy should refunds his $10 back but the guy refused telling him that no refunds. Most people may think $10 is not that big, how things is now you would know the value of  $10 expecially when being converted to fiat and in such case (scamming) someone may even lose more than that. those kind of people who find away to always take advantage of newbies that why we got to be more cautious.

Thank God you made that statement mark, there are also financial advisors and they are different from all these influencers, who are giving financial advice only when they are benefiting from it which is mainly either they are paid for the advert or just want referral bonus. Is just that, most people are ignorant about this fact, just because, just because someone they are fan of is speaking on something they will just believe it and most times fail to make necessary enquiries especially with financial advice, just because these individuals are or may seems rich and influencial, if only most individuals can consider were they get financial advice matters then only few will be falling prey to this.

If only people will accept the fact that celebrity
In our country Nigeria, especially almost all our skit makers one way or the other have advertised trading platform and never care to state the high risk involve in trading, only how they become really rich through it in the skit. While we see on social media, notably Twitter(X), how most traders farm account to get thousands of false followers and speaks about how they make thousands of dollars through trading but if you observe their standard of living, they look far from it. People don't usually know that all these traders care about is to sell their course or you joining their academy, which they claimed with it, Success in trading is guaranteed with mainly fees which are most times for an average guy to get but in the end the training academy may likely just be a signal group while the course may just add little or no value to them.

Most social media influencers are mere content creators that are firstly after means of getting followers and views in their videos and in the long run accept advertisement offers from people and help them market those product under their page. Most of those guys don't know anything about trading and what you see them doing has already been scripted for them and so all they have to do is to act the script out and because of how people love and follow up their content, it's going to be easy for them to convince people into joining their tradng platform.

Content creators are not financial expert you should take any financial advice from. They are just hustling for their daily bread and you don't want to fall victim to hasty decision making and invest into what you're unsure of.

And let's be clear about this that even though you're not a newbie, you can't be too careful. When you see so many persons under the comment section giving testimony about the success they hard through their investment in the the platform they are advertising, it wi surprise you that you might want to give it a try. But like you said, Doing basic research will save you from investing in unfruitful project. Before you ever consider putting your money into a particular crypto project or buying, trading a particular altcoin, do the necessary research or else you fall victim of holding on to shitty coins or loosing your money through bad trading.

We are in a computer age now where awareness about things happening around us are being gotten earlier and it is necessary for us to have a clear understanding about whatever thing any influencer or celebrity is trying to entice the public to do. Of a recent, I now observed that they now use celebrities for their promotions and advertisement in other to lure people that what they are talking about is genuine because since it's a celebrity that everyone knows it would be difficult for the system to be fraudulent because people feels that a celebrity can not compromise their reputation but despite that, everyone that has been accessing social media should know fully well that the use of influencers and celebrities to promote some online stuffs is just a strategy to persuade people to be involved, and those influencers doesn't really care about their reputation as all they're after is the money they would get in the promotions and advertisement.

Though there are still people that gives good information on wealth creation platforms not really because they have made it through but because they also have that intention of people joining them in what they are doing as well because when more people are involved in something, it makes the system to get trust and recognition and more people will be interested unlike when it's only few people that are involved as others would be afraid of joining because they may feel that the few people are working together in their own benefits as joining them may be risky.

Greetings my country people,

E get one thing wey I don dy observe for social media, I dy observe say all this media influencer dy now target newbies since dem no too know what's up on how tins dy go for the industry. My fellow newbies abeg make we stop to dy take advice from social media influencer because if them dy make money like dem dy preach, dem for no dy stress their self dy preach steady on social media, them go show you results of how dem make $100-$10000 on a single trade, just to entice you, newbies abeg no fall for their traps, trading no dy easy as dem paint am, if you don ever trade before, you go understand wetin I dy talk well,  you go see person wey no know anything about technical analysis go tell you how e dy make a lot of money for trading, just because you dy ignorant, try to do ur own research before you make any crypto related decisions, because e get why.