Influencers and bloggers have a great power over the mass consciousness. They can send the crypto market to the moon just with one post or video or create a new trend that will last for weeks. A great example of this phenomenon is Elon Musk and his tweets about crypto – just one of his posts could raise the price of Dogecoin by 40%!
Crypto channels on YouTube play an important part in the development of the Crypto Universe. Millions of traders are watching them and making decisions based on what they see. In this article you’ll find a list of YouTubers who highlight events of the crypto market. Beginners as well as professional traders might find something interesting for them in their content.
Crypto YouTubers
#1 Coin Bureau
Coin Bureau is a blogger who recently passed the two million subscriber mark. On his channel you will find an overview of the best ways to buy cryptocurrency, trading platforms, staking projects, industry news, and technical analysis of top altcoins. He creates content mostly for newcomers to the crypto industry.
#2 BitBoy Crypto
BitBoy Crypto is a millionaire blogger who talks about altcoins with great potential. Ben also covers major crypto industry news, records interviews and collaborates with key figures in the crypto space.
#3 Sheldon Evans
Sheldon Evans covers the fundamental news of cryptocurrencies. Sheldon has a solid background in finance. He draws on past stock market examples to illustrate his ideas and has a calming effect on the community in times of market panic. His channel is a great helper for crypto traders.
#4 SimpleSwap
SimpleSwap channel specializes in crypto education videos that can help new crypto enthusiasts to level up their knowledge about cryptocurrencies, blockchain technology, NFTs, metaverses, and more. There you can learn how to buy and exchange crypto
#5 TheMoon
The Moon is a blogger from Sweden who talks about technical analysis and provides up-to-date analytics on the cryptocurrency market in simple words, so anyone could understand the current situation. He does not give specific predictions, the blogger shows probabilities based on various factors.
How information affects the cryptocurrency price
and most other cryptocurrencies are not backed by real money, and their price directly depends on the activity of traders. There is a common opinion that social networks work much more efficiently and have a greater impact on the cryptocurrency market, then anything else. However, don’t believe everything the influencer says – don’t forget to do your own research before making a decision.
So how exactly does the information from bloggers affect the crypto market? Crypto companies publish information on Twitter, YouTube and other platforms. If the information is resonant, then signs of growth appear in the very first minutes after posting. Professional investors will always find out news earlier than we do, because by buying cryptocurrency first, they will be able to earn more. After reaching the set goals, investors in most cases start shorting by using margin trading tools. The cryptocurrency rate continues to fall, and than there’s panic on the market.
Further, all responsibility is shifted to news platforms and bloggers that publish their pessimistic forecasts, that lead the cryptocurrency price down. After that, anything can happen. For example, it turned out that someone incorrectly translated the original source, after which the price of the cryptocurrency can be adjusted.
Let’s not forget about the boomerang effect – there’s a possibility for the reverse process described above. “Whales”, which work with a large capital, are most interested in the growth of cryptocurrency. They can pay for bloggers’ content and manipulate market sentiment. If the price of the cryptocurrency goes down, then the “whales” might also benefit from this by trading futures.
Not only YouTube content
In May 2019, Bitcoin commercials appeared on AMC, Fox News and National Geographic TV channels. The price of the number one cryptocurrency on the day the videos were launched rose by an average of $300. The airtime was acquired by Grayscale Investments, a cryptocurrency asset management company. The creators of the videos wanted to convince investors to forget about gold and start investing in Bitcoin, because, in their opinion, the world has entered the digital age.
Final thoughts
Hype, marketing, advertising and bloggers are useful tools that experienced developers and traders use to influence the price of crypto coins. Content from famous bloggers and influencers gives crypto-investors an understanding about the cryptocurrency they bought. With the help of announcements and bloggers, you can optimize your crypto portfolio for greater profitability. However, remember that it is also important to double check facts by yourself as well as doing your own research. The Crypto World likes a serious approach to it.
Don’t forget that the easiest way to buy or exchange coins is to use SimpleSwap services
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
