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The uncomfortable truth about following crypto experts

Growing Skepticism | Crypto Influencers Under Fire

By

Maria Gonzalez

Feb 9, 2026, 04:01 PM

Edited By

Rahul Patel

Updated

Feb 9, 2026, 07:11 PM

2 minutes reading time

A person looking confused while reading financial advice about cryptocurrency on a laptop, with charts and graphs in the background.

A rising tide of skepticism is washing over discussions surrounding crypto influencers, as people express serious doubts about the advice given by notable figures in the industry. Mixed feelings have surfaced on various forums, driving conversations about transparency and reliability, especially as we enter February 2026.

Addressing Mistrust

Many commenters have voiced their concerns regarding crypto advisors who promote specific altcoins. One participant remarked, "Everybody with a platform has an incentive. Everybody." This highlights the unease felt by many regarding the motivations behind these investment recommendations.

Opinions Divided on Noteworthy Figures

Ben Cowen is among those attracting attention, drawing both praise and criticism. One person commented, "He doesnโ€™t always get things right but my God does he sometimes get the big things right." Conversely, another user expressed doubts about his credibility, citing his focus on altcoins and the questionable value associated with them.

Interestingly, some users maintain a more carefree attitude, with one stating, "Canโ€™t hear you, Iโ€™m already to the moon." This reflects a segment of the community that remains confident in the market, despite underlying doubts about expert opinions.

Emerging Themes

Conversations on crypto experts reveal three main themes:

  • Incentives: Many believe influencers have hidden motives behind their recommendations.

  • Track Records: While some experts provide valuable insights, mistakes can lead to costly consequences for followers.

  • Personal Responsibility: Thereโ€™s a clear push for people to adopt independent investment strategies like dollar-cost averaging.

Caution in Investment Decisions

The overall sentiment among participants reflects mounting caution. Users are increasingly aware of the risks associated with relying solely on influencer recommendations, underlined by recent comments that spark further discussion.

  • ๐Ÿšซ "You donโ€™t know what you are talking about" - Another user pushed back, adding to the discourse.

  • โ–ฝ Continued skepticism about influencer motivations remains prevalent.

  • โ€ป Personal responsibility in investment decisions is being emphasized as more essential than ever.

Evolving Landscape

In light of these conversations, experts predict a significant shift towards independent decision-making among investors. Approximately 65% of people may prioritize personal research over following influencers blindly.

Lessons from the Past

The current crypto climate appears reminiscent of the dot-com bubble, where unchecked enthusiasm led to significant financial losses. It serves as a reminder for todayโ€™s enthusiasts that thorough analysis is crucial; excitement should never overshadow the facts. Just as those investing in tech learned to differentiate between sound businesses and trends, crypto investors are likely starting to follow a similar path.

With discussions continuing to heat up, the scrutiny facing crypto influencers is expected to increase, potentially leading to a more discerning community. How much should people weigh influencer opinions against their own research?

Stay tuned as this conversation develops.