Tag: influencer

  • Behind the Crypto Hype: Questioning Influencer Trade

    This one sucks to have to write, but given a situation that just occurred on here:

    An influencer with a substantial following showcases significant profits or frequent trading activity, such as claims of daily investments into cryptocurrencies like Ethereum. However, these assertions are difficult for followers to verify independently. A core principle in the cryptocurrency space is “not your keys, not your crypto.” This emphasizes that if your digital assets are held on an exchange or a platform controlled by others, you don’t have direct custody and true ownership of them. When trades are supposedly made by an individual within a centralized exchange (like HTX, which is a CEX), these transactions occur on the platform’s internal, private ledgers. They are not typically broadcast individually on the public blockchain for everyone to scrutinize.

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