Did you follow the content creator's advice?

[JoyMarsha]

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 don't think I have, to let other people's suggestions influence mine when I know that, I am taking the risk of investment, not them. If I am to have a loss of investment, not them would it pained the most, it's me, to take the very responsibility and the blame.

Learning about the risk involved in investing in crypto has taught me a lot, not to listen to any content creators when the analyze the market or give any remark about a coin because the real fact of everything is that they are doing for the views and the pay

[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 don't think I have, to let other people's suggestions influence mine when I know that, I am taking the risk of investment, not them. If I am to have a loss of investment, not them would it pained the most, it's me, to take the very responsibility and the blame.

Learning about the risk involved in investing in crypto has taught me a lot, not to listen to any content creators when the analyze the market or give any remark about a coin because the real fact of everything is that they are doing for the views and the pay

Some people may also still have difficulty finding mentors in the world of trading, so there are some of them who use advice from a content creator to learn more and try something new for the audience... this may sound strange, but some people are just getting involved. The crypto world certainly feels confused about how to start... I think there are still people who have no other choice and are forced to try something said by a content creator to expand their learning horizons and knowledge in the world of trading, investment and speculation.

[NotATether]

Most content creators do not have any sort of any useful advice to give you because they are too busy optimizing the content to make them more money, so those people do not necessarily have your best interest in their mind, but will just say whatever they want.

And the thing is, the ones that do, you can tell them apart really quickly - they are honest, they engage with followers in comments, they do not promote scams etc.

[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.

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.

True.
Gone are the good early days when they create posts honestly and I remember I learnt alot about bitcoin from them. It seems that there is a great change in the cryptocurrency industry and everyone is on the run about the money. This is the reason pump and dump schemes are still not a thing of the past. Shilling of projects has entered into the hands of trusted organisations making it difficult for an ordinary user to differentiate between a legit and a scam projects. Even the popular slogan of DYOR, it is not everyone that knows the right places to do research. So, there must surely be victims in as much as the market continues to exist.

[jeraldskie11]

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.

True.
Gone are the good early days when they create posts honestly and I remember I learnt alot about bitcoin from them. It seems that there is a great change in the cryptocurrency industry and everyone is on the run about the money. This is the reason pump and dump schemes are still not a thing of the past. Shilling of projects has entered into the hands of trusted organisations making it difficult for an ordinary user to differentiate between a legit and a scam projects. Even the popular slogan of DYOR, it is not everyone that knows the right places to do research. So, there must surely be victims in as much as the market continues to exist.

That's one of the problems with other content creators, they're blinded by money. They don't care what it does to their followers as long as they make money. Back then it was a lot of money to make content but now there's difficulty and because they get money from promoting the project they do it even though they know it's not legit. It's heart-breaking to their followers.

[MrSpasybo]

Some people may also still have difficulty finding mentors in the world of trading, so there are some of them who use advice from a content creator to learn more and try something new for the audience... this may sound strange, but some people are just getting involved. The crypto world certainly feels confused about how to start... I think there are still people who have no other choice and are forced to try something said by a content creator to expand their learning horizons and knowledge in the world of trading, investment and speculation.

Crypto is still a new market, so finding serious advice can be quite difficult, even when it's a paid service. This also makes many people like to join VIP groups to receive investment advice: they just need the ticker of a few tokens to buy. Even if those VIP groups have training programs, they don't spend much time learning technical analysis or fundamental analysis. They just want to invest and make a profit based on the experience of others. They are even happy to share 30% of the profits with these VIP groups.

I also cannot make any judgments about this group of investors: they have money but lack time and seriousness in the market. I just hope that they will meet a KOL who has enough enthusiasm, experience and kindness to support them on their investment journey.

[Freemind]

Paying attention to what someone who has received money from a company for speaking well of that company's product says is one of the biggest stupid things any investor can do. Investments should always be decided based on our own judgment and ability to take risks, not what someone who lives in a rosy world says. A possible analogy with not your keys nor your coins could be: not your decision nor your investment. I think it's as simple as that.

[taufik123]

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.

As an investor or trader, you must be able to do independent research and not depend on other people such as influencers.
Some influencers do do the job to seek more profits without thinking about others and such influencers should be tagged.

But several other influencers provide education so that they can be better at trading and becoming investors.

[JunaidAzizi]

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 do not believe in these kinds of influencers and content creators. Instead, I use my own mind to analyze and then make decisions on what to do and what not to do. These people on YouTube are not here to provide benefits for others, but they are here to find more viewers. For that, they make such spicy thumbnails which attract others. However, when you watch their content, there is nothing special. There are some content creators, but they are very few in number, who create quality content and their only aim is to provide authentic information to their subscribers.

[AVE5]

I was a fan of listening to content creators about bitcoin but doesn't mean I'm a 100% following their due process.
I've always make my research to compare the the creator was all by that strategy by himself alone or it's a legitimate which other Investors are also practicing before then I can proceed.

[Kemarit]

I don't even have a list of content creator or influencer or whatever they call it. I mean they are just making guesses that you and I can make. And you can also do your own investigations, so why not listen or believed in them. And maybe it's just me, but I do love to learn by myself itself of going and watching videos done by others and for obvious reasons, they are just shilling their favorite crypto and so you might be suckered by this individuals to invest and so they are going to make profits. Maybe you can learn a thing or two, but you should used your own strategy too.

[lepbagong]

I was a fan of listening to content creators about bitcoin but doesn't mean I'm a 100% following their due process.
I've always make my research to compare the the creator was all by that strategy by himself alone or it's a legitimate which other Investors are also practicing before then I can proceed.

If I experience difficulties and need help, then I will look for it wherever there is and be able to provide a solution. That's all I do.
But I'm not a fan of listening to content about bitcoin because, for me, there are a lot of forums that can provide help. But I agree and just like you will not want to listen to any advice from content creators without comparative analysis on forums or from my own analysis, if possible, I should look at it, because we must need comparisons so as not to fall into error.

[Makus]

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?

If there is a believe  i hold strong in cryptocurrency is that, making your own research  is better than taking investment decisions from anyone,  though they might be correct with their predictions, but you cannot alway rely on someone else's analysis, not knowing how they got it or from the source in which the used in compiling their analysis.  It best to ask for directive and learn to research  yourself so you can be independent and can swiftly apply same knowledge  to any other project you come across. Those social media influencers might make predictions based in their knowledge or they might even hype a project more than its potential. However we have to be careful with what we take into consideration even even if you might take some predictions from an influencer or any crypto analyst, the best thing to do is to use their prediction and make comparison with yours.

[bitmover]

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?

The best free content is a good book

Take a look at Mastering bitcoin, by antonopoulos.

He explains how blockchain works, understanding it will allow you to make better evaluation of projects

https://github.com/bitcoinbook/bitcoinbook/

[Dr.Bitcoin_Strange]

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?

The best free content is a good book

Take a look at Mastering bitcoin, by antonopoulos.

He explains how blockchain works, understanding it will allow you to make better evaluation of projects

https://github.com/bitcoinbook/bitcoinbook/

I can't agree more with you.
"Mastering Bitcoin" is indeed one of the best resources to recommend to anyone seeking a deeper understanding of the Blockchain Technology.
There are also other great books from the same Author that can also be quite helpful tools, books like, "The internet of Money" the book talks about the collection of talks that points to how significant Bitcoin is and why it really matters, and the book has up to 3 volumes.
Andreas Antonopoulos is indeed a brilliant mind when it comes to Bitcoin and the Cryptocurrency space, and his books are actual proofs of his expertise.