YOU'RE SUPPORTING THOSE WHO DECEIVE YOU
On Binance Square, numerous crypto influencers advocate for buying specific cryptocurrencies, claiming they will increase in value. What you might not realize is that these influencers have a vested interest in promoting these cryptocurrencies because they are either:
- Already heavily invested in them
- Partnered with the cryptocurrency projects
Their strategy involves encouraging you to buy, driving up the price, and then selling their holdings or receiving compensation from the cryptocurrency projects.
What's most troubling is that the community often expresses gratitude to these influencers, sometimes even tipping them. This cycle is baffling—how can the community thank those who lead them into losing investments? It's a farce.
Avoid following crypto influencers who push you to buy specific cryptocurrencies. In the vast majority of cases, you'll lose money. Instead, support those who genuinely educate you; they're the ones who can help you profit.
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