Post
Topic
Board Nigeria (Naija)
Re: ROLE OF INFLUENCERS ON CRYPTOCURRENCY (BITCOIN)
by
Tonimez
on 23/08/2025, 11:19:26 UTC
[Edited out]

Yea, you are every correct here. We can't underscore there importance or relevancy in the crypto community at large as such informations helps create awareness and also educate people the more about crypto. But you nailed it already. It is important we think twice, that it came from them doesn't make it 100% legit and credible. They are humans remember. Even after there analysis, there can still be errors. Anyone 100% perfect in this planet of ours? Certainly NO! So to avoid later regrets and pointing accusing fingers that a particular influencer deceived you or talked you into investing into something that didn't pay at the end, it is very important you make research about the information that have given, crosscheck thoroughly before getting involved.
You're very correct. If anyone is 100% correct about predicting the crypto market standings, he would own a castle.  Influencers are like torch lights, their own is to show you the way, whether it is right or wrong does not really concern them. They make assertions based on what they think or what they know of which any dedicated crypto lord could also predict nearly what they could do. But the number of followers they gather under them makes their voice so loud that you hardly doubt their words. Now if you can not use your sense of judgement, you may end up regretting at last. In all, we still need their service because it is only when you know of the existence of a particular coin that you can make judgement about it's legitness.

[Edited out]
No matter who the influencer is, even if Satoshi comes and unveils himself, he may not completely be right about the next step of Bitcoin. Influencers are also hustlers and even when it comes to Bitcoin, personal interest can also affect their decision making. So whatever decision anyone will take in Bitcoin should be a calculated personal move and not based on what they project. Influencers are also important when it comes to helping to announce market falls and gains which you can also capitalize to make your own decisions.
If Satoshi eventually releases the secret behind the bitcoin volatility, everyone would huge profits from bitcoin on a short term basis and after this profit, they may tend to give up and wait for either next Dip which they already know when it would happen. Now if everyone buys at the same Dip duee to general knowledge about the exact dip time, when the price rises, everyone would love to sell which would still make the price to drop back and if it continues, interests would be lost from the investors. Bitcoin volatility and unpredictability is the strength of bitcoin which no one could rightly understand. If anyone investor speaks about market conditions, you have to still invest only what you can afford to loose if you intend to invest on short-term basis.