The World of Cryptocurrencies: "Luck, Speculation, and the Illusion of Quick Money"
There is not enough liquidity to drive up cryptocurrency prices; they all follow Bitcoin. If we look at the 📈 Bitcoin chart, we can get an idea of how high our coins will rise in proportion to the increase in Bitcoin's price. There isn't much wiggle room to profit; you might get lucky 🍀 (though luck doesn't exist) to have the coin that the 🐋 whales, new or old, choose to inflate. That's like winning the lottery. Putting your money in one of 300 coins is like buying a ticket numbered from 1 to 300. You can get an idea of how lucky the one who got the inflated coin is. If you diversify hoping that one of your coins will be the one inflated by the whales, it will be like buying three or four tickets from a booklet of 300 numbers. I say 300 because I estimate that's the number of coins listed on Binance; I haven't checked lately, and it wouldn't be hard to find out, but it's just an example for you to understand how complicated it is to recover the money you've lost in the last three months. YouTubers try to guess where Bitcoin's price is headed; watching and listening to them is like hearing a wizard trying to guess the lyrics of the name of that stormy love that has made you so unhappy and happy at the same time. You hear them and are left perplexed when they say: "According to the timeframe of so many hours, Bitcoin will rise by such a percentage and go to ninety-something thousand dollars," only to follow that up with: "But remember, it can also drop to the seventy-something thousand dollar range." You see them, hear them, visualize them, and wonder: Is this guy crazy? Watching them for two hours analyzing coins shows the capacity for lies these guys have. If they really knew where a coin's price was going, they would be rich and wouldn't be begging for a like (a thumbs up), please hit the bell, and don't forget to comment. I know I insist a lot on this topic of so-called paid influencers, smoke sellers, but I can't stop doing it because the number of gullible people falling into the traps of pupu coin marketing is enormous. They pay to have people put their money into them and literally rob them. They've already started with the rant about XRP; that stuff 🫛 is tiring and infuriating because while seeing how the whole market is going to hell, these guys have time to talk nonsense about which coin is about to explode or which ones are going to give you a hundred X. Since they don't put a cent into the market and live off the money exchanges or pupu projects pay them, and I say pupu projects because a solid and powerful coin isn't going to pay these clowns for advertising. I haven't seen anyone advertising Bitcoin; simply because it doesn't need it. Among the coins that are least talked about, believe me, they are the most solid. At this point, everyone should know which coins can avoid big losses and multiply your investment. Some are so solid that they barely move; their volatility is so low that they approach stable coins, while others fluctuate but not enough to satisfy our GREED. People put their money in pupu coin because they tend to leave exponential gains, but right after that, they incur significant losses. Human stupidity knows no bounds, and it's not new; it's just that thanks to social media, it's now more noticeable. But the world has always been full of idiotic people who let themselves be scammed; a fool always comes out on the street, and the one who catches him is his. I say all this because especially newcomers enter this market 💹 generally because another enthusiastic fool told them about the wonders of cryptocurrencies, how easy it is to make money here, and all that nonsense, so the very idiots believe their tale and go ahead and take their word for it and buy coins that have no basis whatsoever. When I found out that 12,000 people had been scammed with the cryptocurrency of the schizophrenic Javier Milei (LIBRA), I said to myself: "But these people are crazy or consume some kind of drug." It's really easy to live off others in a world full of naive and easily manipulable people. Many should be under the care of guardians because they are so malleable that they don't have the ability to take care of their own money, making them a risk to themselves. When I write to open people's eyes, many ask me: "What coin do you recommend?", which makes it clear they came here to give their money to the exchange owners. It would be better for them to donate that money to charity because before putting the first dollar into a coin, they've already lost it. They have no idea how to manage risk, how to handle their money in a market where a coin can rise and fall in price in minutes. Just looking at a 📈 chart and seeing how coins go up and down in a frightening way is enough. Imagine for a moment that you go to the market to buy a kilo of sugar; you walk through the door, and the storekeeper, or whatever they call the seller in your country, you ask him: "Friend, how much is a kilo of sugar?". The seller replies: "3 dollars, friend," to which you respond: "Okay, sell me two kilos, please." Immediately you hand him six dollars, and the seller says: "Sorry, it's not six dollars; the price of the two kilos of sugar just went up to eight dollars." 😨 So while you look in your pockets for the two missing dollars, the seller hands you back a dollar and says: "The two kilos of sugar now cost five dollars," and you say: "WTF?". Everyone, confused, steps forward to take the kilos of sugar, and once they finally manage to buy them, another buyer comes in and, without much questioning, asks for two kilos of sugar. The new buyer asks: "How much do I owe you for the two kilos of sugar, friend?". The seller answers without hesitation: "One dollar." You explode in anger and say: "Friend, I just paid five dollars for two kilos of sugar, and in less than a minute, you changed the price and sold the same two kilos of sugar to this gentleman for just one dollar. What the hell is going on here?". The answer to this question has no place in the world of real assets. If daily consumer products were that volatile, everything would be chaos. But in the crypto market, it happens, so there is no way to predict how much money you will lose or gain from a digital asset over time, simply because they are subject to speculation, manipulation, and chaos. Now imagine a supposed technical analysis expert trying to predict how much a coin that only has the advertising given by its creators through social media will be worth, with news like: "Everything points to crocodile coin 🐊 reaching ten dollars this week." Such a lie; the idea that crocodile coin 🐊 will go up to ten dollars was made up by a scammer behind a small screen, and there’s already a guy with glasses who put a thumbnail on YouTube that says: "Crocodile coin about to explode." The gullible people watching YouTube while chewing greasy food tell themselves: "I must hurry, or crocodile 🐊 coin will go up and I won’t be able to make a fortune." Then comes the clip 📎, and in a split second, millions of fools buy crocodile 🐊 coin. Its developer, who used an app on his phone to create the coin, watches as the capital of crocodile 🐊 coin multiplies. Without haste, he waits for it to reach 300 million dollars in market cap. At this moment, crocodile 🐊 coin has risen by 50%, which the developer or owner of crocodile 🐊 coin feels is enough. Before withdrawing all the money by selling his own coins on the exchange where he listed it, he calls his friends and family and passes them the information. Thirty minutes later, the price of crocodile 🐊 coin crashes, and as this is a zero-sum game, millions are scammed and left with their crocodile 🐊 coins, which they bought during FOMO for $3 and are now worth cents on the dollar. The owner of crocodile 🐊 coin uses his money to buy properties, including beach and mountain houses, luxury cars, and even a small plane 🛩️. That's how people throw money away in this market. Of course, there are other ways to lose, but that would make this article a treatise on how to go bankrupt by falling into the traps of smoke sellers and scammers. Leverage is a catalyst, an accelerator for you to lose money more quickly, but it only makes you lose your money at an accelerated rate. But ultimately, between 8 and 9 people who enter here will lose part or all of their money.