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When the market is all rosy, with numerous green candlesticks, and the price continues to rise beyond your previous entry point, it becomes extremely easy for people to claim they analyzed the market, made a good prediction, or saw this coming. A person could come out on Telegram or Discord to claim their signals are on point, with some pretty good entries and take profits, likely from a pump-and-dump scheme or memecoin.
A tweet I came across on X gave me the inspiration for this article
For context, I’ve held bitcoin longer than many of you have known the spelling.
— Eric Gugua (
I’ve done more research and written more papers on BcT in Africa, than most of you have read.
I have an actual degree in Blockchain Tech and Digital currencies - not the online diplomas you freely…@eric_gugua) November 16, 2025
And this got me thinking about how we live in a world where there is so much noise online from so many who claim to be experts who do not know what they are saying or claiming expertise in something they do not understand. Now the bear is present in the market, where are the crypto trading gurus? If you do not understand the blockchain behind the currency, please say less and let others talk.
The crypto expert trader with 300% and the crypto influencers have gone silent. There is not much hype in the market anymore. Well, that is the intriguing thing about the bear market: it shows what you know and whether you will keep investing.
A lot has changed with the drop in price of crypto tokens, especially the leading tokens, BTC, ETH, and BNB. Not too long ago, ETH went down below the 3000 price mark, and BTC dropped below the 100k mark as well. Now, are you still buying the dip? Or are you still hooked on the hype of crypto?
In my opinion, I think people quit crypto because they never understood what they were investing in the first place. Some some it has a get-rich-quick scheme or a means to get a quick buck. Oh, a friend of mine made some cash in this token or that token, and they told me about it. Obviously, I would like to check it out as well. And that is when the hype begins to spread. There is a reason why Ponzi scheme strategies are easily employed in certain crypto projects. Telling people about the token, informing them about telling others for more airdrops under the disguise of referrals for airdrops.
It is all the same to me, if you ask me. Give them a dose and make them dozy. This is how getting into the hype with your cash because easy. You invest in hearsay and not in DYOR (Do Your Own Research). Certain projects are built on the concept of revolution, solving an institutional problem like cross-border payment. This has brought the adoption of stablecoins, which makes it easy to send money no matter where the recipient may be in the world. Concepts like this and what they want to solve are what certain crypto projects out there are trying to solve, but how do you know when you need to check them out through research?
I can wholeheartedly say that there are several people out there who have invested in a lot of crypto projects without ever reading the project's whitepaper. What are they trying to solve, and is there an actual use case for such a project?
One thing I have learned from crypto is that it rewards patience over panic. It is a long-term project, not a short-term get-rich option.
I am @samostically, a chess player and writer. I love to share the experience I have gained from different battles over the 64 squares and the knowledgeable insights from books I have read. But most importantly, I am a Midnight Owl and I founded the community Midnight Letters.
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Thanks For Reading!