Especially the smaller market cap coins. But even big coins like XRP, ADA etc I can almost gurantee you that they are paying for shills.
Don't beleive everything you see in Youtube and in Reddit. ADA to $10 eoy
Theta to $1000 and all of this shit.
Youtubers get 30K for 1 video to talk about the coin
Always DYOR!
This market had lots with those kinds of propagandas and false advertising or just simply make out shills or fuds.So its just sensible that you should really be aware with those things that could happen.
When you do make out investment decisions then you should really consider on looking on what are the things should be look out for and you should make out hasty decisions without research or verification.
Dont easily listen into others recommendation because this is usually the reason on why most people do lost up their investment.
He must have lost a lot of money believing the shills on youtube. Thousands of them are there have invested in these coins when they are less than $0.05, you literally just selling them to you. They are not paid by the team but simply profit from the buyers. For XRP, this is definitely a scam project but since the token is growing in value I guess the small investors considered it an investment.