Quote from: Nrcewker on Today at 01:10:03 PM

Quote from: YellowSwap on March 04, 2022, 07:24:28 AM

Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.

People need to understand that they are YouTubers and not Traders. Their main source of income is YouTube ad revenue and promotions. Their content is just about Cryptos, but they don’t have enough knowledge about it, neither they rely on cryptos to make money. Hence, we need to stop following them blindly. They promote coins and get paid or do affiliate, that’s all. Rest everything they promote is turn out to be scam or shitcoins.

the reasons people are still sticking and following them are because their influencers often time are so persuasive in their content even with their click bait title that attracts so many people into thinking that they gonna be getting some genuine information with the content but at the end of the day its just some content to get people into investing in some certain coin etc, thats the thing.
although undeniable that sometime these influencers are giving some good knowledge but there's more likely always gonna be some ulterior motive along the way even more so when their followers are already so many they'd start selling course which we don't know whether that gonna work since they never disclosed their history of trading and so on.
I guess people should be more smarter to know that rarely people gonna make other people rich.

Quote from: sulendra12 on Today at 11:47:06 PM

Quote from: electronicash on Today at 06:48:05 PM

but its not so bad following those channels that provide news about what is going on in crypto space like the channel of Paul Barron or George. i have been listening to them for some time and there are news that i only heard from them which is not posted in this forum. ETF updates and SEC regulations are always the news that i always want to be updated that's why i'm following those channels.

They sometimes give you a good information not about those altcoins they promoted but the altcoins in general, you can follow that and filter what is good or not. But it's not that advisable to just follow them without you do some research as well. But still if you already choose one or two of your news media, it's always better to just cross-check on different platforms to ensure the legitimacy.

yes the key is having the capability to observe the market by our own, its good to get some heads up about some new altcoin but we should also know to only pick those that worth the investment by simply looking at the fundamental.
therefore I think whats essential is knowing how to analyze.