Referrals and why you should be careful with it.

[Yamane_Keto]

There are a lot of crypto gurus on social media that only appears during a bullrun but they don't care because they're anonymous.

Their strategy is to mention a lot of details, some of which will definitely be good and most of which will be bad, and then they cut out the positive parts of old videos to convince investors that they are experts and that their predictions are accurate. I have not heard of a cryptocurrency expert who gave investors real advice, most of them are either paid or fake advices

[Obim34]

At this point, Bitcoin needs no too much conviction for a person to get involved, if the person is good with research then finding out the potentials of Bitcoin will not be something that requires a good referral to explain in details. Bitcoin has its history, it came from a rough sketch and has paved ways for as many Cryptocurrencies that are now in the market, so why then ever think for a day where Bitcoin will fail.

Even among top Cryptocurrency like Ethereum and rest are already up there, that is why it takes a lot to entertain someone into any other Cryptocurrencies because the chances are slim due to just coming into the market and one should be careful during referrals to avoid being the cause of someone's loss.

[Faisal2202]

Do not just refer to any cryptocurrency; refer to bitcoin when introducing a newbie to cryptocurrency.

Subsequently, you can introduce them to other altcoins with  good reputation already.

I think you should not use the term referral because AFAIK it means you will be getting commission from the investment suggestion you are giving to anyone. Like the newbie example you used in your post. You should use suggestions or advice-like terms instead of referral because you are referring them but that does not mean they are your referral CMIIW.

I totally agree with your statement that we should not give newbies advice to invest money in alts because they are just too risky and can even rug pull, can make a loss and their longevity is just too unpredictable but BTC is there to stay and we have good knowledge and on the basis of knowledge we give advice. If I ask some expert for a suggestion as to which coin should I invest in and if he will say invest in BTC I will realize he is just trying to get rid of me by saying that and doesn't want me to make money etc. etc.

We should give them something else besides giving them the suggestion of buying BTC like another alt, or another tips etc.

[Wiwo]

There are a lot of crypto gurus on social media that only appears during a bullrun but they don't care because they're anonymous.

Their strategy is to mention a lot of details, some of which will definitely be good and most of which will be bad, and then they cut out the positive parts of old videos to convince investors that they are experts and that their predictions are accurate. I have not heard of a cryptocurrency expert who gave investors real advice, most of them are either paid or fake advices

Most times when I see a ch crypto gold diggers who's shows up only during bull market with various projects promotions and investments strategies does all of that because they have one aim on mind which is to scam you as an investor, so it is better to do your own research about whatever you are told on social media and always try to avoid falling as victim to their scheme.

Cryptocurrency market have opened up alot of doors for possible scams and attempt scams all with the attractive promises that of care is not taken you fine it too good to be true which most times turn out so.

[doc]

There are a lot of crypto gurus on social media that only appears during a bullrun but they don't care because they're anonymous.

Their strategy is to mention a lot of details, some of which will definitely be good and most of which will be bad, and then they cut out the positive parts of old videos to convince investors that they are experts and that their predictions are accurate. I have not heard of a cryptocurrency expert who gave investors real advice, most of them are either paid or fake advices

Most times when I see a ch crypto gold diggers who's shows up only during bull market with various projects promotions and investments strategies does all of that because they have one aim on mind which is to scam you as an investor, so it is better to do your own research about whatever you are told on social media and always try to avoid falling as victim to their scheme.

Cryptocurrency market have opened up alot of doors for possible scams and attempt scams all with the attractive promises that of care is not taken you fine it too good to be true which most times turn out so.

Don't be a victim of people who are looking for profit by attracting crypto lovers with the promise of wealth if something like this is the case. We should do our own research looking for experience and knowledge so that we are not lied to by those people.