On Binance Square, numerous crypto influencers often recommend purchasing specific cryptocurrencies, claiming they'll surge. However, many fail to realize these influencers typically benefit from such endorsements. They either hold significant positions in these cryptos or have partnerships with the projects. Their aim is to boost the price through recommendations, then cash out by selling or receiving payments from the project.

What's alarming is the community's response—they thank these influencers and even tip them financially, despite many eventually losing money on these investments. This situation seems absurd. It's crucial to stop following such influencers because statistically, most investment advice from them leads to losses. Instead, support educators who genuinely teach you; they're the ones who can help you profit.

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