Did you follow the content creator's advice?

[bayu7adi]

On YouTube, Instagram, TikTok, there are lots of content creators who discuss and make predictions about cryptocurrency... we are used to seeing this, but does anyone have complete trust in them??? Many people are even willing to pay a lot of money to be able to take part in their classes or training programs, but in the end quite a few fail in the class...

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

[Charles-Tim]

I prefer to make my own analyses but I do watch what some well known people are posting. Sometimes I see lies and sometimes I see truth.

Sometimes the predictions and suggestions do not go as said while sometimes it went as said. Sometimes some suggestions can be good but said at the wrong time and the outcome can be very bad. What I have noticed over the years is that you should find ways yourself not to lose because some predictions and suggestions will not just be in your favore if coming at the wrong time.

[Asiska02]

Without a doubt , if a few can can fail out of many that have attended such classes, then that class must have worth it or maybe they’re just tryna deceive others into luring them to come for more classes. The internet has become a learning center, just like YouTube; you can get all the informations you need to learn about cryptocurrency without going for a paid class. This is following a professionals guidelines and backing it up with your personal learning.

Content creators are known to do promotional contents because they’re paid for that, so following them is at your own peril. You don’t have to always believe whatever they’re saying because at that point, they’re been selfish center. Only a few of them will see something not true and then not want to advertise it, most of them will do them no matter what for the pay. It’s advisable to always do your own research when you come across anything online.

[Faisal2202]

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

Most of them are fake and are trying to make money by selling something they have learned and did not make money out of it. In short, they make more money by selling courses. And speaking of us, we tend to see the positive results. They show us only good stuff, therefore.

I never took any course by paying money and tbh it's very hard to find a good and free course on YouTube but I watched short reels on IG where some good reels really give good information sometimes out of 10 videos 1 video really gives good information. We should not take courses from influencers, especially from famous ones.

[MrSpasybo]

On YouTube, Instagram, TikTok, there are lots of content creators who discuss and make predictions about cryptocurrency... we are used to seeing this, but does anyone have complete trust in them??? Many people are even willing to pay a lot of money to be able to take part in their classes or training programs, but in the end quite a few fail in the class...

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

I often refer to many channels with crypto content but rarely trust or act on their advice. I just want to update news about the crypto market and have some suggestions about new trends, potential projects and some tokens that can be put on the watchlist.

Serious KOLs usually only share their views and do not give financial advice. I am cautious with those who dare to give direct financial advice because such advice can be detrimental to the assets of inexperienced investors, especially the elderly who are easily trusting and will invest their entire savings in the crypto market when they do not fully understand the risks in this market.

[armanda90]

Firstly, I just following on Instagram social media account regarding have any account update with all cryptocurrency from bad news until good news why make bitcoin get dump or pump suddenly. For content creator actually depend on their skill have knowledge about cryptocurrency or not. Recently many new content creator lack knowledge talking about bitcoin and altcoin, they don't have any skill yet but try to make many influencer or their follower believing him to buy some coins based on his recommended.
If the content creator new in cryptocurrency behind their content before not relation yet with bitcoin I leave them and never interested for following their advice.

[sampoerna]

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

For me, personally so far, not yet any content creator that really influence my decision and make me following their suggestions 100%. In my opinion, not all content creators can really give true suggestions. Moreover, some content creators only care about views, followers and money, so they will do anything to attract people's attention to them. The more they gain, the more they are likely to do to fulfill it.

But unfortunately, there are still many people who follow all their suggestions 100% completely without thinking anything else. Yes indeed, maybe there are content creators who really provide education and sensible advice regarding crypto. However, that doesn't mean we have to follow his suggestions in such a way. We can just use the information they provide as material for consideration or additional information. But then, we ourselves have to do the work, analyze it, and also make decisions based on our own, more mature considerations.

[bee]

And how big an impact does the decision-making method of using influencer references have on your finances?

Maybe as limited as 20%, I just like hearing things about the potential risks from their explanations. Assuming an influencer's advice is infinitely true is foolhardy, every success story will have its own unique path and it's almost impossible for everyone to follow the same path.

[bayu7adi]

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

I never took any course by paying money and tbh it's very hard to find a good and free course on YouTube but I watched short reels on IG where some good reels really give good information sometimes out of 10 videos 1 video really gives good information. We should not take courses from influencers, especially from famous ones.

OMG... it seems that financial advice from an entertainer through content is not the best nowadays... we see them looking for views through advertisements, and we are looking for truly sincere advice...
From some of the responses given by friends here, it seems that suggestions from a content creator are not really paid attention to... so it could be said that only suggestions that match what the audience thinks will be confirmed as the best suggestions... the rest if there are different views on price predictions, it's usually a waste of time...this isn't much different from how I feel.

[LogitechMouse]

On YouTube, Instagram, TikTok, there are lots of content creators who discuss and make predictions about cryptocurrency... we are used to seeing this, but does anyone have complete trust in them??? Many people are even willing to pay a lot of money to be able to take part in their classes or training programs, but in the end quite a few fail in the class...

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

I've been watching many influencers of different niche, and yes, I'm following some of what they're saying, but not those content creators that are making predictions not only on crypto prices, but in other asset classes as well. Heck, I will not even pay them to be part of their classes. There is many information that we can get online, and it's all for FREE. Why do we need to pay them to teach us something that we can learn for free.

With the evolution of AI, there are also many websites that are giving courses with regards to something FOR FREE. As for these content creators that are making predictions and giving advice, I guess there's nothing wrong with it because it's still our decision if we will follow them or not. In my case, I will not do it, and I don't follow advice of some content creator out there especially if they're promoting new projects on their channel.

[pakhitheboss]

I follow them look into their suggestions but never blindly follow them. I prefer to analyse, understand and come out with own conclusions. This how I have investing in cryptocurrency market. I have heard and read that a lot of loss happened because someone blindly followed the suggestion of an influencer. Not every one is giving free information a lot of them do promotion because they are getting paid to do it.

[Lucius]

Everyone can do whatever they want with their time and money, but I think there are very few who honestly share their knowledge with others via social platforms - and most are "paid" to promote someone or something, and they do it even if they know that they are very likely to cause financial harm to others.

Such things are almost irrelevant to me, I don't use social networks, and I rarely watch YT, especially since they have those annoying ads.

[jeraldskie11]

The content creator makes content to make money, it may be their primary source of income so I can say that what they said may not be true because there are many traders even mentors who are not really profitable. That means they don't expect more income from those who join them. For me, don't really trust those so that you don't fill your mind with wrong ideas or knowledge. Instead, do your own research, take time to back test your strategies.

[snowpega]

On YouTube, Instagram, TikTok, there are lots of content creators who discuss and make predictions about cryptocurrency... we are used to seeing this, but does anyone have complete trust in them??? Many people are even willing to pay a lot of money to be able to take part in their classes or training programs, but in the end quite a few fail in the class...

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free? And how big an impact does the decision-making method of using influencer references have on your finances?

I also watch many social influencers in my spare time when I use TikTok then there are a lot of videos that come in my for you page related to crypto suggestions. I just watch and go on I never personally react to any of their suggestions as I know it is my money and my risk so the research also should be mine. However, We can also verify their sayings after doing our own research then we can react to their suggestions.

But blindly reacting or taking action on just random videos of the social can cause some trouble for one who is believing in this blindly without any research in my opinion. Well, if anyone who is doing this, here is my part of suggestion to him/her to verify their saying and after that, you may take action at your own risk.

Besides this, I know that they make some market predictions which I think it is nearly impossible to time the crypto marker 100% correctly so they just do some technical analysis according to their knowledge which can be sometimes wrong and sometimes true as well. That is why always take risks at your own and never depending solely on their suggestion can be the right thing in our favor. What do you say about this?

[nakamura12]

I don't follow the advices that a content creator are giving. The reason is that it could be wrong or not true (either paid to do it or just wanted to have a content to post) about the advice that they are giving to other people. Instead, I'd take note on what they advice people to do and compare it to others and see if it is similar or the same before making a decision. It is similar to making research and compare the informations that you have found when searching and to see which one I should believe that it's true or the correct information.