What a novice thinks about the cryptocurrency world:

Investing 10,000 yuan and not paying attention, finally selling it for a million after ten years.

However, the reality of the cryptocurrency world is like this:

You enter the market with 10,000 yuan, and by the next day, it has become 5,000. That night, you toss and turn, unable to sleep.

Every deep night that follows, when you wake up because you need to use the bathroom, you open the app to check the market.

After enduring a year, the price fluctuates between 1,000 and 6,000, you feel exhausted and make a firm decision: if it can rise to 9,000, I will cut my losses and exit.

However, when the bull market arrives, your coin rises to 8,500. You recall a few past ups and downs and believe it must correct back to 6,000, so you sell at 8,500, preparing to buy back on the dip.

You did make a profit, but this time, the market didn't return to 6,000; instead, you hesitated, worried you might miss the opportunity, so you chased it from 8,500 to 9,000, your position returned, but you ended up with fewer coins.

Then, it corrected from 9,000 to 7,000, and you wavered again. Watching it rise to 12,000, you finally made a profit. Ultimately, calculating an annualized profit of 20%, you comfort yourself: this is also a good investment!

This is the true portrayal of a novice: going all in, full positions, cutting losses, chasing highs and selling lows, repeatedly struggling.