The cryptocurrency market is booming and its popularity is growing exponentially every day. More and more people are investing in digital assets, even if they don’t fully understand the mechanics behind them. In this article, I will present some relevant aspects in the context of this rapid expansion, especially since the desire to make money is universal, and many are investing without knowing exactly how this income is generated.
Influencers promising x2, x3, x4 blah blah blah
In the online space, both in Romania and internationally, a veritable army of influencers has appeared promising spectacular gains from cryptocurrencies. They claim that they can accurately predict price fluctuations using advanced mathematical models, sophisticated statistical analysis and proprietary information that only they could interpret thanks to a special talent. Sounds amazing, doesn’t it? Who wouldn’t want to know someone who can guarantee to double, triple or even exponentially multiply an investment in a very short time?
Behind these claims are, in many cases, lies, lack of accountability and unfounded speculation. No matter how sophisticated the theories may seem, the truth is that no one can predict with certainty the direction the market will take. The volatility of cryptocurrencies is immense, and trends can be influenced by many unpredictable factors – from government regulations to the behavior of large investors in the cryptocurrency market.
Please keep in mind the following NO ONE CAN FORGET THE FUTURE!
The most dangerous aspect is that many of these influencers mislead their audience, creating the illusion of guaranteed success without explaining the real risks of the crypto market. The expression “it’s too good to be true” applies perfectly in this context.
Monkeys vs cryptocurrency “experts”: who makes better decisions?
Imagine you have two investors in the cryptocurrency market. Investor A is a self-proclaimed expert, watching the news, analyzing charts, listening to influencers who promise huge profits, and making decisions based on “sophisticated mathematical predictions”. Investor B, on the other hand, is a monkey who pushes the “Buy” and “Sell” buttons completely at random, without knowing who Elon Musk is or what technical analysis is.
Who do you think performs better?
If your answer is “Obviously, Investor A! He has a strategy, he knows the market, he has experience!”, prepare to be surprised. A study conducted on a sample of over 2M trades. has shown that, in many cases, random decisions can generate better returns than the “calibrated” strategies of professional investors!
Professor Burton Malkiel of Princeton University argued in his best-selling book, A Random Walk Down Wall Street, that “a blindfolded monkey, throwing darts at a newspaper page of stock quotes, could select a portfolio that performs as well as one carefully chosen by experts”.
Why? Because people can’t sell!
Researchers analyzed millions of trades made by institutional fund managers and found something fascinating:
✅ The good news – Investors know how to pick profitable assets when they buy
❌ The bad news – They are disastrously poor at selling. In fact, the stocks they sold outperformed the stocks they held! In other words, had they sold randomly, without any analysis, they would have gotten higher returns.
The same thing happens in the cryptocurrency market. Many investors buy bitcoin, Ethereum or another “promising altcoin”, but when it comes time to sell, fear, greed and the herd effect intervene.
If the price suddenly drops, they panic and sell at a loss.
If the price goes up, they wait “just a little bit longer” to make even more profit – and then the whole thing collapses.
They rely on “crypto gurus” who tell them when to sell. These “gurus” either make money from refferals/commissions/audience or they are just being irresponsible and jerks(not to hide behind words)
The result? In the end, most of them lose money, whereas a monkey selling at random would probably have better results!
On a personal note, don’t buy banancoin, fasolecoin, Trumpcoin and other uselesscoin. Like, not at all!
Irresponsible messages propagated by CEOs and other cryptocurrency market leaders
If you’ve been in the cryptocurrency industry for a few years, you’ve probably noticed how huge amounts of money have been lost based on speculation, extreme risk-taking and decisions made without a real understanding of the market. These losses are not just simple financial fluctuations – they have a profound impact on people’s lives. A failed investment can destroy economies, affect the stability of families, bankrupt businesses, and cause long-lasting financial, social and psychological trauma.
However, many cryptocurrency exchange platform CEOs and other industry leaders continue to promote an irresponsible discourse on “how to build a successful portfolio” and “how to invest smart” without sufficiently emphasizing the major risks involved. While some provide useful and educational information, others propagate messages that encourage taking huge risks, portraying cryptocurrencies as a sure path to get rich quick.
The problem of lack of accountability
Many of these leaders continue to hold the idea that crypto investing is safe and well-grounded, while the reality proves otherwise. When the market rises, these individuals are the first to take credit and promote aggressive investing. When things go wrong, however, they rarely take responsibility for the advice and promises made earlier.
The problem of storing funds
Over the years, we have seen markets manipulated, entire platforms collapse and ordinary users left without their invested savings. Famous cases such as the FTX crash, the Terra Luna scandal or the market manipulations orchestrated by large investment funds are clear examples of the irresponsibility of influential people in the industry.
Not your keys not your crypto !It’s a common expression among the most experienced in the cryptocurrency market, it refers to owning cryptocurrencies when only you own the private keys. If you hold your funds on an exchange like Binance, Coinbase, Crypto.com you are not the only one who has access to your funds, in fact Binance gives you access and if you want to withdraw your funds you have to ask them for “permission”. They are liable for your funds in this case, obviously… if they are still liable…The best method is to store your cryptocurrency yourself, below I left an article on how you can do that.
Personal opinions on the cryptocurrency market evolution
In recent years it’s getting harder and harder not to end up in a discussion where someone says: Did you invest in Banancoin or Whatevercoin? I think the price will double… I can tell you that I don’t know what these coins do, they appear overnight like mushrooms and they solve problems that don’t even exist. But I can tell you for sure that not everything that flies is eaten, and in most of the cases these stories about one coin or another are just stories.What a user should do from my point of view would be first to try to conceptually understand how Bitcoin works. Voi lasa mai lasa mai jos una lista de articole utile prin care un beginner poate sa invete cu adevarat la ce se refera bitcoin, va prometer ca dupa parcurgerea acestor articole veti avea mai multe informatii decat un “influencer care promite castiguri uriase”
My name is Dragoș Vintoiu and since 2017, I started working in the cryptocurrency industry. In that year, I co-founded the company BITPM, which operates several terminals (Bitcoin ATMs) in various shopping centers in the country.
Along the way, I’ve witnessed scams, scams, ruined lives, nerves, criminal cases – most of them caused by this obsession with quick profits. Why? Because some people really do believe that “all that flies gets eaten”. What’s more, sometimes they have even managed to make considerable profits, but failed to materialize them. Thus, as a result of the sudden fluctuations in the cryptocurrency market, they have lost both their gains and their initial investments.
Some of these investors did not even buy cryptocurrencies, but sent money directly to investment fund “managers”, convinced that they would make huge profits.
In fact, one day, one of these “managers” called me to explain how he understands Bitcoin, how “there is no legal framework” and how I could earn huge sums if I do exactly what he tells me. Obviously I asked him where he got my phone number from and he told me from listefirme.ro so I was probably just one of the 100 he called that day to propose this “unrefusable offer”.
He assured me that he has a lot of experience with digital assets and that for the profit I get I won’t even have to pay any taxes….Mind-blowing!