In the crypto market, after years of experience, I've seen too many people dream of getting rich overnight, only to end up leaving in disappointment. Honestly, the greater the risk in this market, the greater the opportunity; the key is whether you can survive long enough.
The most common mistakes beginners make are nothing more than a few, and falling into just one can be almost hopeless. Today, I want to share some of the deadly errors I've observed, hoping to help everyone avoid some detours.
**First Pitfall: Chasing Hot Trends**
When the market is hot, all kinds of communities are full of screenshots showing profits, with images laid out everywhere. Beginners see these and get envious, eager to follow the trend immediately. But what happens? They buy at high prices, getting caught and stuck. I've seen the most absurd cases—someone chased from a coin price of 3000 to 6000, kept adding on dips, and when a real correction came, their account was back to square one.
Here's a principle: a crazy market often means risks have piled up to the top. True opportunities are hidden when others are panicking, not when everyone is rushing in. Those who quietly accumulate at the bottom are the real winners in the end.
**Second Pitfall: Going All-In**
"Fortune favors the brave"—how many people has this phrase harmed? I know a guy who borrowed money to heavily invest in a certain coin, dreaming of doubling his money. But then, sudden negative news hit, and the market plunged. He lost three months' worth of wages overnight. I still remember his despair vividly.
The danger of going all-in is: you have no room to adjust. A single opposite market move can pin you down, leaving no funds to add more, only able to watch your numbers shrink one by one.
**Third Pitfall: Greed Until the Last Moment**
Some people finally make a profit but are reluctant to take profits, always wanting to earn a little more. As a result, the market reverses, and profits are gradually eaten away, sometimes even turning into losses. I've seen too many cases—accounts turning from green to yellow, then red, with all efforts wasted.
The rule of the crypto market is this: your opponents are always smarter than you, and market changes are always faster than your reactions. The safest approach is to set a take-profit point and exit when reached—don't wait.
**Survival Is the Most Important**
Ultimately, surviving long in this market is the key. I've seen many talented people end up permanently out of the game because of a heavy position or greed. Meanwhile, those who seem ordinary, without flashy skills, often stay cautious enough to participate continuously, repeatedly profiting amid volatility.
There is no guaranteed winning method in this market—only survival principles. Keep your bottom line, control risks, and leave the rest to time.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In the crypto market, after years of experience, I've seen too many people dream of getting rich overnight, only to end up leaving in disappointment. Honestly, the greater the risk in this market, the greater the opportunity; the key is whether you can survive long enough.
The most common mistakes beginners make are nothing more than a few, and falling into just one can be almost hopeless. Today, I want to share some of the deadly errors I've observed, hoping to help everyone avoid some detours.
**First Pitfall: Chasing Hot Trends**
When the market is hot, all kinds of communities are full of screenshots showing profits, with images laid out everywhere. Beginners see these and get envious, eager to follow the trend immediately. But what happens? They buy at high prices, getting caught and stuck. I've seen the most absurd cases—someone chased from a coin price of 3000 to 6000, kept adding on dips, and when a real correction came, their account was back to square one.
Here's a principle: a crazy market often means risks have piled up to the top. True opportunities are hidden when others are panicking, not when everyone is rushing in. Those who quietly accumulate at the bottom are the real winners in the end.
**Second Pitfall: Going All-In**
"Fortune favors the brave"—how many people has this phrase harmed? I know a guy who borrowed money to heavily invest in a certain coin, dreaming of doubling his money. But then, sudden negative news hit, and the market plunged. He lost three months' worth of wages overnight. I still remember his despair vividly.
The danger of going all-in is: you have no room to adjust. A single opposite market move can pin you down, leaving no funds to add more, only able to watch your numbers shrink one by one.
**Third Pitfall: Greed Until the Last Moment**
Some people finally make a profit but are reluctant to take profits, always wanting to earn a little more. As a result, the market reverses, and profits are gradually eaten away, sometimes even turning into losses. I've seen too many cases—accounts turning from green to yellow, then red, with all efforts wasted.
The rule of the crypto market is this: your opponents are always smarter than you, and market changes are always faster than your reactions. The safest approach is to set a take-profit point and exit when reached—don't wait.
**Survival Is the Most Important**
Ultimately, surviving long in this market is the key. I've seen many talented people end up permanently out of the game because of a heavy position or greed. Meanwhile, those who seem ordinary, without flashy skills, often stay cautious enough to participate continuously, repeatedly profiting amid volatility.
There is no guaranteed winning method in this market—only survival principles. Keep your bottom line, control risks, and leave the rest to time.