Did you follow the content creator's advice?

[Faisal2202]

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.

No, this is not what I meant to say, not all influencers are the same I said it is hard to find the right one and most of them are fake and trying to sell their courses so they could make money by selling it even if they were not able to make money with that skills they are selling.

So if there are different views about the market, influencers, and other things that's good because diversification of POVs (Point of View) is necessary for broad knowledge to idealize what is right and what is wrong. You just have to listen to all POVs and make up your own mind whether you should follow an influencer or Youtubers or not and do you even need it. Let me share my bad experience, I followed a YouTuber and joined his tg and followed news that the market was going to dump, I took action with some knowledge I had and the news he shared influenced me a lot to take the exit. And that's what I did and end up with a lesser profit. The point is never to take their advice for granted and always search for a second opinion. I know multiple POVs are full of confusion but with proper knowledge, we can narrow down the right choice.

[Husires]

No matter how famous the channel owner is and trying to be impartial, no one achieves 100% in trading and not all trades will be successful, so learn how to trade instead of taking advice or imitating a professional trader if you want to trade in tokens or altcoins.
Bitcoin trading may be neutral, but even a good trader's predictions will not be correct, so listen to more than one source before making your trading decision.

[nakamura12]

No, this is not what I meant to say, not all influencers are the same I said it is hard to find the right one and most of them are fake and trying to sell their courses so they could make money by selling it even if they were not able to make money with that skills they are selling.

It is kind of the same since the post is about advices from content creator is not the best nowadays which means advice from content creators are not reliable meanwhile your post is about it is hard to find the right one and most of them are fake which also means that most of it are not the best or most of it are fake. Although, your point is not only about that but also about there's still some content creator who really give advices that aren't fake as you have stated (the hard one to find).

[vegasus]

I'm following oane of content creators in my country, in their instagram and telegram channel. But, what he does is provide education regarding crypto, predictions, and some tips. And this does not directly suggest that we follow his way of investing or trading. Really good education.

Unfortunately, there are not many influencers or content creators like this. Many of them only focus on money and in the end create content whose aim is to increase the number of views or engagement so that they can make more money. Or they are affiliates or brand marketers of certain coins, which in fact they themselves don't actually invest in, but they continuously create hype about certain coins for their own personal gain. And this really sucks. Why? because there are still many people who believe in them.

[KingsDen]

Content creators are more interested in their gains that yours. They do not promote projects for free. Most times they are in partnership with these projects and some other times they have bought with ridiculous low prices and want unsuspecting audience to buy in. It is not bad to listen to them, but do your own research before you believe them.

[Agbe]

Those content creators are for themselves because they are creating those contents to make money though there are some of them that passed information to the public but not all and they are some that are just for fun. Almost all are involving in content creation mad they monetize their social media channels and create content to make money.

[Sim_card]

I see majority of content creator as people that are out for business and not to share information of what they know about cryptocurrency because some of them will say anything to enrich their pockets. I don't like watching YouTube but I read and make my researches online because you can get whatever you want online if you know how to search for it. However, I don't trade and don't invest on altcoins but bitcoin. Most times when they are predicting the price of bitcoin, I careless but always watch to see if the price will go as predicted.

[MrSpasybo]

Those content creators are for themselves because they are creating those contents to make money though there are some of them that passed information to the public but not all and they are some that are just for fun. Almost all are involving in content creation mad they monetize their social media channels and create content to make money.

Yeah, many KOLs are created by CEXs themselves to promote their services, then they pump/dump a lot of memecoins without caring about the consequences for their followers. Some just want to sell courses on crypto or technical analysis. Only some KOLs are truly responsible for what they say and clearly announce advertising or sponsored content.

Inexperienced investors should look to reputable KOLs that truly provide valuable market information for their investment journey. Many fanciful theories or KOL's overconfidence can be signs of fraud!

[|MINER|]

Before answering the question I would Like to ask question that Don't you know the what is the main object of the content creator's ? Their main goal is to make happy the sponsor and get views there is also some exception for really make content dedicately but most of them are only want views.
And to get this view they make the way they should talk or the way they should make content. So I avoid them most of the time, although sometimes I take their advice without verifying it with my own personal knowledge. If you take all their advice like a blind person, you will be in danger later.

[SamReomo]

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free?

Yes, I used to follow some of those content creators and to be honest I have never made any profits by following those influencers but instead of making any profits I made losses and that's why I stopped following those social media influencers.

[taufik123]

Have any of you here followed the suggestions given by content creators on social media which can be obtained for free?

Yes, I used to follow some of those content creators and to be honest I have never made any profits by following those influencers but instead of making any profits I made losses and that's why I stopped following those social media influencers.

Influencers only offer a piece of content or advice that really doesn't work.
Influencers only promote coins or projects that pay them under the pretext that it is a good coin to buy.

Even though it will be very risky to follow advice from influencers or others about buying coins or new projects that are not yet clear.

Influencers also benefit from affiliates, sponsorships and more.
They are in business and will not care about the content audience, usually there are DYOR words to warn that everyone has done their own research and every risk is their own responsibility.

[Dr.Bitcoin_Strange]

No matter how famous the channel owner is and trying to be impartial, no one achieves 100% in trading and not all trades will be successful, so learn how to trade instead of taking advice or imitating a professional trader if you want to trade in tokens or altcoins.
Bitcoin trading may be neutral, but even a good trader's predictions will not be correct, so listen to more than one source before making your trading decision.

Some/most of these influencers are the exact reason why a lot of new people come into the crypto space having the wrong perspectives and idea of what crypto is all about, most of them go ahead to spread and plant unrealistic expectations into the minds of many people who are actually ignorant, naive and seeking for guidance in the crypto space and when they eventually make decisions based on these unrealistic expectations, they end up landing themselves into deep shits and incurring unimaginable losses.

The crypto market is indeed one of the most profitable ventures in the global market today, but people need to realize that it requires time, the right approach or technique and patience, not a get rich quick scheme that people with little or no single experience go into and make themselves huge profits, those expectations are so unrealistic and should be avoided.

[SamReomo]

Influencers only promote coins or projects that pay them under the pretext that it is a good coin to buy.

That's very true, it took me sometime to understand that and that's why now I try my best to avoid those social media influencers as they're only there to make money for themselves and they never ever want others to make money.

If someone wants to lose money then he/she should follow those social media influencers but if someone wants to make profits as a trader or as an investor then he/she should do his/her own research and take good decisions only.

[Gurujebs]

Content creators are more interested in their gains that yours. They do not promote projects for free. Most times they are in partnership with these projects and some other times they have bought with ridiculous low prices and want unsuspecting audience to buy in. It is not bad to listen to them, but do your own research before you believe them.

There used to be a time when some crypto YouTube content creators do make an amazing content for Bitcoin but it's sad that the best one like the 99Bitcoin now promote meme coins. I was kinda of sad because they shouldn't be doing this things but it seems many of them all sold their Bitcoin and doesn't have ways to make money since many altcoins didn't pump that much and they see meme as opportunity to make that money. Since then, I don't listen to their contents again because they are paid to shill.

[Crypto Library]

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?

In some times I took advice or suggestions from the genuine content creator but these were not for the trading. I used to take their advice or suggestions for only gaining my skills and knowledge. If you are seeing these kind of content creators then you will see them firstly they will give you free signal then ask for the VIP signal for the subscriptions hypocrisy. This is never suggest to do trading with these kinds of signals