Newcomers buy new coins to get a quick profit there. Here and now, without waiting. A lot of YouTube channels every day recommends a huge number of coins that will grow at times, almost in a couple of days. Almost every day they find a new "diamond".
Oh dont get me started on those YT shills. They are the worst kind of people, manipulating newbie investors to get into some shitcoin who paid them and then dumping their coins on the newbies. This can be the worst start of trading journey for any newbie, but it was the investor's fault to follow someone else's advice than work on their own.
Unfortunately there are too many bad influencers that end up with shilling things that they get paid for. That is not a really good thing for all of us but they got their power from us. They are viewed and the more they watched the more money they made and the more power they got.
If they are capable of airing one video and increase the price of a new project then it means we are the reason why we are doing that, we are giving them that power. Goes for the same instagram, same for twitter and every other place, even telegram groups. This is why I believe that we are talking badly about those influencers but it is people who give them that power.