Promoting affiliate links seems like the easiest way to make money in crypto, right? Like, just share some links to exchanges or casinos. But what if your audience is a million strong? That's a whole different ballgame... Imagine pushing a scam to all those people. That's exactly what happened to some influencers like Bitboy with Celsius.
The Dark Side of Influencers and Affiliate Marketing
19 replies 270 views
coldstorageNewbie
Posts: 60 · Reputation: 38
#2Aug 13, 2024, 05:32 AM
This isn't just a crypto issue, it’s all over the internet. Influencers are making it worse. People see all these scams and start thinking crypto is a total scam too. We can't let that happen, though. It's about educating ourselves and fighting back against this negative perception.
Celebs promoting these platforms? They don't care about the facts. They're just blinded by cash. Some even team up with fake businesses to rip people off. Honestly, the government needs to step in and hold both the companies and these influencers accountable for the losses.
wallet_vaultFull Member
Posts: 104 · Reputation: 431
#4Aug 13, 2024, 11:25 AM
It's kinda like when celebs do commercials, right? You see McConaughey pushing Lincoln or Samuel L Jackson for Capital One. They grab attention way more than random folks. So, when influencers get cash to hype up crypto projects, they do it. Gotta pay the bills somehow, but if you invest based on that, you might get burned.
This forum has rules against spam and scams, unlike big platforms like Twitter and Facebook. Sure, it's not perfect, but it's way better at keeping scammers at bay. This forum might be smaller, but that makes it easier to manage.
I’m super cautious about taking advice from influencers, especially on YouTube. They tend to pump their own bags and make cash from referral links. Remember Trevon James and BitConnect? That was a disaster.
You're right, this forum is way better than social media. But let's be real, scams exist everywhere. It's just like real life. You can't escape the bad info.
YouTube is a sketchy place for financial advice now. So many fakers pretending to be rich. I saw a guy with a homeless dude claiming to make crazy profits trading Bitcoin. Total setup.
nova_atlasMember
Posts: 57 · Reputation: 90
#9Aug 17, 2024, 07:13 PM
Seriously, how can people follow influencers for money advice? It’s mind-blowing. Just because someone’s famous doesn’t mean they know anything. It’s risky to let them dictate your finances!
fox_rock3tMember
Posts: 34 · Reputation: 172
#10Aug 20, 2024, 04:32 AM
Totally, I ignore ads from guys like Lark Davis. I’ve seen creators who aren’t even into crypto promote obvious Ponzi schemes. They don’t care if they’re putting their viewers at risk.
Do you really think influencers care about their followers? Nah, it's all about the money. Some might have genuine fans, but those who get scammed will unfollow. Simple as that.
quantumguruNewbie
Posts: 26 · Reputation: 24
#12Aug 20, 2024, 02:05 PM
Celebs promoting scams are messing with their reputations. They act like they care, but it’s just about their profits. FTX used influencers to gain trust, and look where that went.
If it can be proven they knew it was a scam, sure, hold them accountable. But we can’t expect every advertiser to know their clients’ intentions. Celebrity endorsements don’t bring real credibility.
LuckyDeg3nFull Member
Posts: 76 · Reputation: 408
#14Aug 20, 2024, 04:16 PM
Celebrities are just following the money. They might not know much about crypto, but they’re not innocent victims either. Even experienced millionaires have fallen for scams.
Honestly, I wonder if Bitboy and others made cash off these scams before. Followers trust them, thinking they’ve invested wisely. Sometimes, letting them get scammed might teach them a lesson.
They probably won’t face consequences for promoting bad projects. They’re just getting paid like any other advertiser. If marketers faced penalties, tons of actors would be in trouble for all kinds of products.
maxi_yieldNewbie
Posts: 7 · Reputation: 5
#17Aug 21, 2024, 03:20 AM
They didn’t know Celsius would go under. Sure, there were signs, but not everyone picks up on that. People need to remember 'Not your keys, not your coins.' It’s basic advice.
Do you think Gisele Bundchen or Floyd Mayweather know anything about crypto? They probably just have teams pushing the latest trends. If they get burned, it's on them.
Affiliate links can be a double-edged sword. Some are legit, others are scams. Those pushing them might be riding high now, but trust will fade.
People are naive and believe everything these influencers say. Just because someone’s famous doesn’t mean they know what they’re talking about. It’s a dangerous mindset.