Post
Topic
Board Beginners & Help
Re: Crypto YouTubers are all financial advisors
by
Russlenat
on 02/02/2023, 08:21:40 UTC
Aren't they supposed to keep their financial advice to themselves if they don't want to be a financial advisor? Yeah, I think the perfect way to stay away from been a financial advisor is to keep your ideas to yourself, don't say a word about it.
...
Oh, I almost forget, it pays to be a YouTuber, you need a niche to talk about per se,
You have the question and the answer.
YouTubers and "influencers" are paid to shill projects to their audience and hope they buy into it. And you don't assume someone to be a financial advisor cause they made a couple of videos talking about the potential outcome of an investment. On this forum price speculation is talked about a lot, and we discuss what the future of Bitcoin is going to be, that doesn't make the users here advisors, does it?

You can't expect people to stop doing what they profit from, you can only advice investors to do their own research.
And you can’t stop the noobs from following their favorite crypto YouTubers. But as long as they also do the research, that will safeguard them to avoid the dont’s in crypto investing. Btw, YouTubers are paid to shill or hype the project they are about to promote, so we can’t blame them also if they also do their part as that what makes them become profitable. Just like us, we always prefer to do what we think will give us good returns in the end.