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RE: Learn from the Suppoman Scandal – Don't Trust Cryptocurrency Influencers
So basically people shouldnt talk about the cryptos they are invested in? So they talk about one they dont like? Or talk about ones they dont think are worth it? I dont agree with your view because people need to do their own research anyways. I dont like suppo but blaming him makes it ok for people to blame others when they decide to act with doing their own research
Okay, thank you for your reply. No, the fact that Suppo himself invests in the cryptocurrencies he covers represents a clear conflict of interest. It´s not about blaming him, the article is about the facts which aren´t always obvious for new investors. Which fact do you think isn´t true?
How does talking about coins he invest create conflict of interest? You want youtubers to talk about coins they have no interest in? As long as they dont work at the company i would suspect/ expect that all YouTubers were invested in the company's they are talking about. I didnt say anything wasnt true. I just think that there is nothing wrong because people shouldnt even be listening to him without doing research. New investor should understand that vlogs are biased and for entertainment and opinions
Yes, the fact that he is buying into it before he is talking about it is the whole point. So he´s taking advantage of all the other "investors". It´s likely that a project isn´t getting any attention before he is talking about it. Mostly the projects which aren´t awesome aren´t getting any attention at all. He or let´s not talk only about him but the "shillers" are creating some kind of hype, the everyday person who hasn´t enough time to do their own research, well, most of the time it is very difficult to get any info at all in the cryptoo space are following them blindly and this article should make them aware of. You can argue like you did. It´s their own fault, but if there is only misleading information on the internet it´s very hard to do. And if some kind of influencer has lots of followers people start believing in it. You can't be an expert in any kind of industry after a few months, it´s just not possible. If you are watching the videos only for entertainment it should be alright, but most of the people got burned after the videos, and likely most of the Ico´s will disappear and will never go back to the initial coin offering price again.