Shark Binh: Most Crypto investors are poor people who want to change their lives quickly.

On September 26, businessman Nguyen Hoa Binh (commonly known as Shark Binh ) had a livestream on his personal fanpage with the topic "Crypto Assets - Opportunities and Risks". The Chairman of NextTech Group frankly Chia his views on the blockchain, crypto and crypto asset markets - fields that are currently causing a lot of controversy.

During the conversation, Shark Binh affirmed that he is not a blockchain technology expert, but has tried to learn and invest since 2017. His experience is: "Serious investment in this field will definitely lose everything".

99% of blockchain projects fail

Shark Binh believes that most blockchain projects have no practical applications . According to him, up to 99% of released projects either collapse or do not bring practical benefits to users. Current blockchain, in his opinion, is like a "game" created by the powers, but has not brought sustainable value.

Small investors are easily caught up in the “get-rich-quick dream”

One notable point that Shark Binh pointed out: most of the crypto participants are people with little Capital, wanting to change their lives quickly. They often hear that a coin increases many times in just a few days and immediately rush in, leading to great risks. He called this market a "purely manipulated market" , where prices are easily controlled by a small group.

"Forget about profits, blame losses" mentality

Shark Binh also Chia about the psychology of investors: when there is profit, few people are grateful, but when there is loss, they turn to criticize, even curse. He emphasized: investing always comes with risks, like stocks or gold, so each person must take responsibility for their own decisions.

Blockchain – “technology that complicates simple things”

According to Shark Binh, although blockchain is praised as a breakthrough technology, in reality it consumes many times more resources than traditional solutions. He believes that this technology has not yet brought out its positive value and personally he will not invest more in the blockchain sector because he is "very scared".

Advice: Investing in yourself is still the most sustainable

Shark Binh advised start-ups and young businesses that the safest investment channel is investing in yourself . Skills, knowledge and creativity are the foundation for building a long-term career, instead of following risky trends like crypto.

Community response

After the livestream, many mixed comments appeared. Some people supported Shark Binh's straightforward views, while the crypto community thought he was too pessimistic. In response, Shark Binh said he understood the psychology of those working in this industry, who could even "lose their rice pot" because of his warning. However, he affirmed: "I only Chia the truth from my experience, whoever invests must take responsibility for themselves."