Critical thinking for your For You page. Learn how crypto and finfluencer schemes work, why most are high-risk or outright scams, and how to check whether a firm is regulated.
Crypto = digital tokens on a blockchain. Most aren't backed by anything, so prices swing on demand and hype.
Volatility = how wildly a price swings. And losses hurt more than gains help: −50% needs +100% to get back.
UK crypto firms must register with the FCA for anti-money-laundering rules, but that doesn't mean your money is protected.
FOMO (fear of missing out) is a feeling, not a strategy. If it's everywhere on your feed, you're probably late.
Pump and dump: hype → late buyers → insiders sell. Rug pull: creators disappear with the money.
Finfluencers are paid in views, sponsorships and course sales — not by how well YOU do. Ask: how do they make money?
If someone had a secret to easy riches, they wouldn't sell it for £499. The course IS the business.
Leverage = trading with borrowed money. Small price moves can wipe out your whole stake fast.
If you pay a fee for a chance to win, lose often, and feel the urge to 'go again', it works a lot like gambling.
Deepfake celebrity ads and fake news pages are huge in investment scams. Check the firm, not the face.
Survivorship bias, sunk cost, confirmation bias and social proof all trick smart people. Name them to tame them.
Check the source, follow the money, start with the downside, and never let urgency decide for you.
Free with a codeCrypto, Hype & Finfluencers: quick answers
Dex says crypto is 'basically a savings account but better'. What's the best rebuttal?
Savings are stable and protected; crypto prices can crash and it's generally not protected. Exactly. A savings account isn't trying to moon. It's trying to still be there tomorrow.
Crypto, Hype & Finfluencers: in-depth guides
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