Expert: Not only crypto businesses are artificially winding up subscribers in social networks
“The cheating on the number of subscribers in social networks was invented long before the introduction of cryptocurrencies,” says the co-founder of the Bitcoin Foundation Ukraine - Maxim Krupyshev.
According to the expert, such tactics have existed for a long time and have been successfully applied in various marketing companies.
“The fact is that
cryptocurrency is the embodiment of a free economy and private money. Anyone can create money and let the market decide their fate. Marketing, as the name suggests = market creation. It is natural that the creators of currencies use social, media and other marketing tools to increase the demand (market) for their creations,” claims the expert.
We live in a world when even elections in the USA are manipulated with the help of Twitter, so we should leave aside the cryptocurrencies.
“In fact, such an approach is used everywhere: in politics, increasing the interest in this or that candidate before the election, and in classic markets, fueling interest in IPOs. But those markets are more regulated and therefore such activities must be punished, ”says Maxim Krupyshev.
Anyway, those who lost money due to such tricks are unlikely to be calmed down this way. Rather, on the contrary, in their heads there will be a stable association “cryptocurrency equals scam”.
“The is nothing dishonest in doing that, and it’s a pity that naive investors get their fingers “burnt” with that and will probably never touch cryptocurrencies again, considering the technology itself a hoax,” Krupyshev concludes.