And they are back!!! I mean the crypto influencers mostly on YouTube and Twitter making videos to tell you about a coin that would go ×1000 in the next few months and in the bull market. Their return is often connected to the return of a bull run just like shit coins because that's also what most of them shill to their viewers and followers.
But then, have you ever wonder why these crypto influencers get so much views on their videos?
It's simple, most people especially those just getting into cryptos or interested in investing tend to visit Google and YouTube more to search for crypto related articles they could read on to get a better understanding of cryptos. It's not very common to see people already invested in crypto sit people down to talk about cryptos from start to finish because firstly, the space is currently not very stable and people would rather just keep their affairs private than get blamed later because they talked their friend or family into investing in cryptos. Secondly, the crypto space is so big and you really can't know or gt involved with everything one can oy ask questions occasionally from those with experience and so at the end of the day, your experience will be a better teacher. However, with Google and YouTube, you can read, view and absorb as my crypto content as you want but unfortunately following the advice of influencers especially from YouTube and Twitter could be catastrophic. I remember in the last bull run, there were so many cryptocurrencies getting promoted by influencer and then, it was easy to promote cryptos and say they'll go up because almost every crypto was going up, but that's it. After the bull market, most projects shilled and predictions by the so called influencers are a waste.
Crypto influencers are naturally great content creators. They speak so well and are skilled to a certain level at trying to convince people to get involved with something they promote. Many of them have also already created a reputation for themselves via other aspects of life they've succeeded in and this is why many people tend to trust their opinion and believe their analysis. And finally, they won't take a blame for anything that happens because most times they have declared in the content that the content isn't a financial advice, just to protect their brand.
So guys, do your own investigation before investing in any cryptocurrency and do not depend on the analysis of an influencer who most definitely got paid for advertising a cryptocurrency. Also, with the current state of the crypto industry, ensure you only invest what you can afford to lose. Stay safe.