The cryptocurrency market is growing, and its popularity grows exponentially every day. More and more people are investing in digital assets, even if they do not fully understand the mechanisms behind them. In this article, I will present some relevant aspects in the context of this fast expansion, especially since the desire to make money is universal, and many invest without knowing exactly how these incomes are generated.
Influences that promise earnings x2, x3, x4 blah blah blah
In the online space, both in Romania and internationally, a true army of influences that promise spectacular winnings from cryptocurrency has appeared. They claim that they can accurately predict price fluctuations using advanced mathematical models, sophisticated statistical analyzes and exclusive information, which only they could interpret due to a special talent. It sounds great, isn't it? Who would not want to meet someone who can guarantee doubling, tripling or even exponential multiplication of an investment in a very short time?
Behind these statements are hidden, in many cases, lies, lack of responsibility and unfounded speculation. No matter how sophisticated the theories presented, the truth is that no one can certainly predict the direction that the market will take. The volatility of cryptocurrencies is huge, and the trends can be influenced by numerous unpredictable factors - from government regulations, to the behavior of the big investors in the cryptocurrency market.
Please remember the following thing no one can predict the future!
The most dangerous aspect is that many of these influences mislead their audience, creating the illusion of guaranteed success, without explaining the real risks of the Crypto Market. The expression "is too beautiful to be true" applies perfectly in this context.
The monkeys vs "experts" in cryptocurrencies: who makes better decisions?
Imagine you have two investors on the cryptocurrency market. Investor A is a self -proclaimed expert, follows the news, analyzes graphics, listens to influences that promise huge profits and make decisions based on "sophisticated mathematical forecasts". Investor B , on the other hand, is a monkey that presses the "buy" buttons and "sells" completely at random, without knowing who Elon Musk is or what is the technical analysis.
Who do you think has better results?
If your answer is "obvious, the investor A! He has a strategy, he knows the market, he has experience!", Get ready to be surprised. A study conducted on a sample of over 2m of transactions. It has shown that, in many cases, random decisions can generate better yields than the "calibrated" strategies of professional investors!
Professor Burton Malkiel of Princeton University has supported in his successful book, Random Walk Down Street , that "a monkey tied to the eyes, throwing arrows in a newspaper page with stock quotas, could select a portfolio that would perform as well as a careful one."
Why? Because people don't know how to sell!
The researchers analyzed millions of transactions made by institutional fund managers and discovered a fascinating thing:
✅ Good news - investors know how to choose profitable assets when buying
❌ The bad news - I am disastrous for sale for sale. In fact, the actions they sold performed better than the ones they kept! In other words, if they had sold randomly, without any analysis, they would have obtained higher yields.
The same thing happens in the cryptocurrency market . Many investors buy Bitcoin, Ethereum or another "promising Altcoin", but when the time comes to sell, the fear, greed and herd effect .
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If the price drops suddenly, panic and sell at a loss.
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If the price goes up, wait for "a bit" to make even more profit - and then everything collapses.
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It is based on "Guru Crypto" who tell them when to sell. These "guru" earn either from reffers/commissions/audience or only are irresponsible and unintended (not to hide in words)
The result? In the end, most lose money, while a monkey that would sell at random would probably have better results!
A personal note, do not buy banancoin, belecoin, trumpcoin and other USElesscoin. Gen ... not at all!
Irresponsible messages propagated by CEO and other leaders in the cryptocurrency market
If you have been in the cryptocurrency industry for several years, you have probably noticed how huge amounts of money were lost based on speculation, taking extreme risks and decisions made without a real market understanding. These losses are not only mere financial fluctuations - they have a profound impact on people's lives. A failed investment can destroy savings, affect families, bankrupt business, and generate long -term financial, social and psychological trauma.
However, many CEOs of cryptocurrency exchange platforms and other industry leaders continue to promote an irresponsible speech about "how to make a successful portfolio" and "how to invest smart", without sufficiently emphasizing the major risks involved. While some provide useful and educational information, others propose messages that encourage the assumption of huge risks, presenting cryptocurrencies as a safe way to rapid enrichment.
The issue of lack of responsibility
Many of these leaders continue to support the idea that investments in Crypto are safe and well -founded, while reality demonstrates the opposite. When the market grows, these individuals are the first to assume their merits and promote aggressive investments. However, when things go wrong, they rarely take responsibility for the previously made advice and promises.
The problem of storing funds
Over time, I have seen how the markets were handled, how whole platforms have collapsed, and ordinary users remained without the economies invested. Famous cases, such as the FTX collapse , the Terra Luna scandal or the market manipulations orchestrated by the big investment funds , are clear examples of the irresponsibility of influential people in the industry.
Not Your Keys Not Your Crypto! It is a common expression among the most experienced cryptocurrencies, it refers to the fact that you have cryptocurrency when you only own private keys. Pretty complicated at first glance but I promise that it is not so, exactly how it would be translated. If you keep your funds on a binance, coinbase.com you are not the only one who has access to your funds, in fact the binance offers you access and if you want to remove the funds you have to ask for "agreement". They respond for your funds in this case, obviously ... if they answer ... the best method is to store your cryptocurrencies alone, below I left an article on how you can do this.
Personal opinions on the evolution of the cryptocurrency market
In recent years, it is increasingly difficult not to get into a discussion in which someone tells you: Do you hear in Banancoin or Whatevercoin? I think the price will double ... I can tell you that I do not know what these coins occur overnight as mushrooms and that solve problems that do not exist either. But I can definitely tell you that not everything that flies is eaten, and in most cases these stories go on one coin or another are just stories. What a user should do from my point of view would be first to try to understand conceptually how Bitcoin works. I will leave below a list of useful articles by which a beginner can really learn what Bitcoin refers, I promise that after going through these articles you will have more information than an "influencer that promises huge winnings"
My name is Dragoș Vintoiu and, since 2017, I started working in the cryptocurrency industry. In that year, we co-founded the company Bitpm, which operates several terminals (Bitcoin ATMs) in various shopping centers.
Over time, we have witnessed scams, scams, destroyed lives, nerves, criminal files -most caused by this obsession for fast profit. Why? Because some people really believe that "everything flies are eaten." Moreover, sometimes they even managed to make considerable profits, but they did not materialize them. Thus, following the sudden fluctuations in the cryptocurrency market , they also lost the winnings, and the initial investments.
Some of these investors did not even buy cryptocurrencies, but sent money directly to "managers" of investment funds , convinced that they will make huge profits.
Even one day, one of these "managers" called me to explain how he understands Bitcoin , how "there is no legal framework" and how I could gain huge amounts if I do exactly what he tells me . Obviously I asked him where my phone number was from and he told me that from listfirme.ro , so I was probably one of the 100 he called on that day to propose this "offer to refuse".
He assured me that he has a lot of experience with digital assets and that for the profit I get I will not have to pay taxes….
