What is crypto shilling? - Crypto in Plain English - Episode 217 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it28 Jul 2022

What is crypto shilling? - Crypto in Plain English - Episode 217 - by cryptohunt.it

What is crypto shilling?

Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English.

Where there is a lot of money and a lot of desire to make it, there are always scams. And crypto is one of the most scammed areas right now.

That's why people are "crypto shilling". Shilling means that they talk well about a project to get others to buy into it. The goal is almost always to pump up the value and for them to dump their holdings, making sometimes large amounts of money.

But you won't find people just saying: "Buy my crypto". Shilling is usually much less obvious and more crafty. Influencers and celebrities may just casually talk about a coin, giving it the allure of popularity. Or people are starting to talk about how something is about to break out.

You get the point - and that's why we always say: Do your own research. You can not trust other people, no matter how much you think of their reputation.

Stay safe out there and have fun researching! Give us a visit at cryptohunt.it/projects to start.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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