Every little search will lead you to dozens of videos on YouTube or any other platform where there is a discussion about crypto to find headlines like, "this gem can do 500X in the coming months"
"These coins have a potential of 1000X"
And all sorts of potential sentences.
So what is the problem?
For people who understand and know the crypto market for a period such titles will not have too much impact, but for new investors who just enter the field such titles can lead to a bad experience in the crypto market and keep them away from the market.
How it works?
Lots of new investors will see a video about a particular coin that has "tremendous potential", will see that the price of the coin went up in the last day (probably because of the other viewers who saw the video and caused the price to rise), and it will be enough information for them to invest in the coin.
A few hours after entering the currency, they will start to see it go down, at first they will try to calm down because "the video said I will profit!", The price continues to go down (correction in price), they don't want to keep hodling so they're selling at a big lost, now they think that the crypto market is a casino and they will keep their distance from the market.
How can the situation be avoided?
Content creators will not stop using such headlines, whether it is to attract an audience or to pump their bags, the solution is to teach all new investors in the market to understand that not every coin you see on YouTube will make you rich, and to learn which people you should listen to and what information to get before investing in the coin.
For your attention, I'm not saying do not listen to any content creator who says sentences like these, but be careful about what information you consume, and do not invest what you are not willing to lose.
