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.
Many influencers are paid to promote project which the project can be good or bad project, listening to influencers doesn't mean all what they have said should be taking, first thing that needs to be done after listening to them is to weigh their content if it is worth it.
Many people have made so many mistakes about investment just listening to influencers who are promoting poor project for people to invest in, it is not every influencers in the social media that needs to be taking serious.
Exactly, also they always make themselves look rich with rented cars and houses. Young and not-too-smart people tend to believe it.
But still, we should be wise about it, it's not all the influencers who are introducing the products that are fake, some would even make you rich if you did it at times. You can't possibly know if a product/project being influenced by them is good or bad unless you do your own research. I shipped in this advice because I am regretting many of my actions of late when it comes to investments in cryptocurrency. The phobia of not trusting the influencers cost me that, I was too wise in my own counsel. If I had followed what I read from the influencers in the past 8 months to date, I believe that I would have made over x100 of my capital by now. This is not by investing it in a single project but by investing it in multiple ones, but it will be in a situation whereby I will be moving the funds from one project to the other over time.
Some projects singlehanded moved over x25, it could be crazy like that and this has taught me a bitter lesson that the more your risk, the more your money, and the more you believe that everything is a fake, the lesser you see and the more you painfully miss out, just as I feel now. Despite this though, you have to do your own research too as most of the influencing projects are also "nothing to write home about."