Why do 99% of cryptocurrency traders lose money? The following fatal mistakes are the root of the problem. How many have you made?

1. Blindly chasing highs. Seeing the price of a coin surge and impulsively jumping in, ignoring the risks of buying at a high position. You must strictly adhere to the principle of 'not chasing high prices'.

2. Misjudging buying points. Not understanding how to differentiate the value of different coins and ignoring high-quality targets at major buying points. Patience in waiting for the right buying point is the correct approach.

3. Impulsive trading. Knowing it's not a buying point yet still feeling the urge to trade, with an unstable mindset. No matter how much theory you know, it's hard to make a profit.

4. Emotional decision-making. Holding on to specific coins or points due to obsession, without using market buy/sell signals as the basis for decisions.

5. Refusing to reflect on mistakes and blaming the market instead. Failing to review and summarize in a timely manner, making it impossible to improve investment capabilities.

6. Lack of technical skills. Relying solely on mindset without technical analysis makes it hard to stand firm. A combination of both is necessary for rational judgment.

7. Insufficient strategy. Not seizing the buying and selling opportunities. Regardless of the amount of capital, precise operations are the hallmark of a skilled trader.

8. Panicked operations. When the trading mindset collapses, leading to blind actions. Staying calm while holding coins ensures there will be no shortage of quality targets.

9. Harboring luck. The market will not spare lucky behaviors. Only by changing can one survive in the long term. The risks of cryptocurrency investment are high and the trends are complex. Only with a full understanding of risks, maintaining rationality, and executing sound strategies can opportunities be grasped.