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ASCI calls for regulatory clarity on Opinion Trading platforms

in Business & economy
Reading Time: 3 mins read
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In recent years, the rise of social media and the digital era has brought about a new form of entertainment and income generation – opinion trading. This involves individuals sharing their opinions on various topics and events, and in return, gaining followers, likes, and even financial rewards. While this may seem like a harmless activity, there are growing concerns that opinion trading is being promoted as a knowledge and skill-based game by both global and local players, as well as influencers on social media. This raises important questions about the true nature of opinion trading and its potential impact on society.

Firstly, let us understand what opinion trading really is. It essentially involves individuals sharing their thoughts and opinions on various topics and events, with the aim of gaining a following and influence on social media platforms. This can range from simple everyday topics to more controversial and sensitive issues. These opinions are often presented in a creative and persuasive manner, with the use of catchy headlines, eye-catching images, and engaging videos. The more likes, shares, and followers a person gains, the more successful they are considered to be in the world of opinion trading.

On the surface, opinion trading may seem like a harmless activity, and in fact, it has gained immense popularity in recent years. Many people see it as a way to express themselves, connect with others, and even earn money through sponsored posts and collaborations with brands. However, the reality is that opinion trading is often promoted as a game, where the ultimate goal is to gain as much attention and influence as possible. This is where the problem lies.

By promoting opinion trading as a game, both global and local players, as well as influencers on social media, are sending a dangerous message to the public. They are creating a false notion that anyone can become successful in this field with just a few clicks and cleverly crafted opinions. This not only undermines the true value of knowledge and skill but also encourages individuals to prioritize gaining followers and likes over genuine learning and critical thinking.

Moreover, the constant need for validation and attention in the world of opinion trading can also have a negative impact on mental health. The pressure to constantly create content and gain followers can lead to feelings of inadequacy and self-doubt. This can be especially damaging for young and impressionable individuals who may be aspiring to become opinion traders themselves.

Another concerning aspect of opinion trading is the potential for misinformation and manipulation. With the vast reach of social media, opinions can quickly spread and influence public perception on important issues. This can be particularly dangerous when opinions are based on false information or biased views. The line between fact and opinion can become blurred, and this can have serious consequences on society.

It is important to recognize that while opinion trading may involve sharing personal views and experiences, it should not be equated to knowledge and skill-based games. True knowledge and skill are acquired through hard work, dedication, and continuous learning. It cannot be achieved by simply gaining likes and followers on social media.

As responsible individuals, it is important for us to question the true motives behind the promotion of opinion trading as a game. Are global and local players, as well as influencers, truly interested in promoting critical thinking and genuine learning, or are they simply looking for ways to gain more followers and make more money? As for the public, we must be mindful of the information we consume and critically evaluate the opinions we come across on social media.

In conclusion, the rise of opinion trading as a form of entertainment and income generation has raised concerns about its promotion as a knowledge and skill-based game. It is important for both the public and the players involved to understand the true nature of opinion trading and its potential impact on society. Let us use social media responsibly and promote genuine learning and critical thinking, rather than just chasing followers and likes. After all, true knowledge and skill cannot be traded, it must be earned.

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