Post
Topic
Board Altcoin Discussion
Re: do you trust social media influencers on cryptocurrencies.
by
Silberman
on 05/01/2021, 19:00:59 UTC
The name they give themselves say it all, they are influencers and the question I ask myself is why I would want to be influenced by someone when it comes to my financial decisions? There is no valid reason for that, if you do not know what to do with your money that is a sign that you should improve yourself in that aspect and not a sign that you should try to get external help, because no mater how good that help could be it is always going to be inferior to what you could do on your own.
Same with my own thoughts too. I am not following nor trust social media influencers on crypto because i know they are being paid with that. I'll always go with my own decision too without the influence of others. They are just the same with us. It would be better to stand on our own on what we think is better and possible than trusting on them.
It is just common sense really, those influencers most likely do not know more about the market than what we do so we do not really need their advice, and the fact they are being paid or they have an economic incentive to say something just means their opinion is distorted and we should not listen to them because they are being paid to say something positive or negative about a particular coin, as such before they even open their mouth their opinions are already useless and who wants to follow someone like that?