Post
Topic
Board Nigeria (Naija)
Re: ROLE OF INFLUENCERS ON CRYPTOCURRENCY (BITCOIN)
by
Tonimez
on 19/08/2025, 20:16:38 UTC
Crypto influencers play a very important role in the crypto community as alot of people rely on them for information and in taking critical decision making like investment but it's important that we should not totally believe everything that comes from the influencers because some times most of them may make statements out of emotions and their persons sentiment so while it's good to follow these influencers for the sake of keeping yourself informed and stay updated you should have a limit to which you should believe what influencer put out
You're very correct. Some investors actually make their claims out of emotions or others sentiments which goes on to push their entire community into making a huge mistakes. Sometimes too, their communities assume their prediction is faulty and refuse to invest only to see market boom the next moment. I think that what really matters now is personal instincts and ability to bear shocks by not investing what you can not afford to loose ( for bitcoin traders).  Over all, an investor needs a drive to stay focused and that drive is what influencers provide. They excite your mind and make you think and practice decision making. When you try a strategy and it fails, you're at liberty to quit the strategy or try again. Influencers focus more on their personal reasons than the community.