#TradingTypes101 Here are some of the causes that can lead to misinformation from influencers in the crypto world:
1. Lack of technical knowledge or experience.
Many influencers talk about cryptocurrencies without having training in economics, blockchain, or cybersecurity, which leads to errors or dangerous oversimplifications.
2. Conflicts of interest (Shilling)
- They promote projects (without disclosing) that are paid for by the teams behind them (for example, through token sponsorships or affiliate programs).
- Some even pump and dump (pump and dump) assets in which they have a stake.
3. Sensationalism and clickbait
- They exaggerate news ("Bitcoin at $1 million in 2024!") to generate engagement, without real basis.
- They use alarmist headlines ("Altcoin X is going to die!") without deep analysis.
4. Dependence on trends (FOMO)
- They rely on hype (like memecoins or passing fads) instead of solid fundamentals.