Big Crypto Influencers - the Good and the Bad.

[trauchot]

I don't follow anyone because all these Crypto influencers are promoting cryptocurrencies either for money or for some other benefit, so if you will invest in what most Crypto influencers advertise, then you will invest in a lot of scam projects, because everyone already remember which projects John McAfee was promoting, therefore, in no case should you invest in what Crypto influencers promotes to you.

[Freemind]

I don't follow anyone because all these Crypto influencers are promoting cryptocurrencies either for money or for some other benefit, so if you will invest in what most Crypto influencers advertise, then you will invest in a lot of scam projects, because everyone already remember which projects John McAfee was promoting, therefore, in no case should you invest in what Crypto influencers promotes to you.

I totally agree with you. I remember perfectly when John McAfee received $105,000 for a tweet promoting an ICO. From what I remember, that project added nothing new to the crypto ecosystem and was forgotten a few weeks later. John McAfee received $105,000, the project team raised the necessary money, the investors lost their investment if I remember correctly.

[vegasus]

Are you sure want to listen to what Elon Musk states? Well, personally, I am not interested in him and also don't think about what he said. I better listen to someone else that exactly knows and also concerned about crypto. I will prefer to listen to CZ, the CEO of Binance, and others.

[azmirihaque]

Yes I am agree with you that social media has a great influence to all as like crypto field. But it has both positive and negative side. Many rumors through social media sometimes increase the price but that is not real increase and it starts to decrease very soon. As a result many investors face the loss. Sometimes scammers influence the investors to invest through social media. Only a tweet from Elon Musk influence the market price. But tweet is not a criterion for price change. Such influence give a short term benefit but in the long term it destroys many investors. But after all social media has many positive sign to develop the crypto market also.

[Freemind]

Are you sure want to listen to what Elon Musk states? Well, personally, I am not interested in him and also don't think about what he said. I better listen to someone else that exactly knows and also concerned about crypto. I will prefer to listen to CZ, the CEO of Binance, and others.

I don't care what Elon Musk says either, but sadly there are millions of people who follow him without having their own judgment, and many of those people have lost money in cryptocurrencies because of his words, and those people have caused others to lose money due to panic and dumps. If Elon Musk tweets "I farted," I'm sure they'll retweet it.