In the crypto world, many people cannot escape the fate of losing money. In summary, these types of people are most likely to stumble:

First type: Pure novice players

They rely on luck to randomly hit a doubling coin, but sooner or later, they will lose their money based on their lack of skills. These people do not understand position management at all; they only know how to go all-in, and chasing highs and cutting losses is a daily routine for them. They neither know when to take profits nor understand how to stop losses to control risks, always operating at full capacity, and in the end, they often lose everything.

Second type: Gamblers with small funds dreaming of getting rich

They only have a few thousand U but dream of becoming millionaires. There are indeed people in the crypto market who have turned small funds into significant gains, but that mostly happens in the primary market with new projects or contract trading. It is very difficult to achieve hundredfold returns in the secondary market, while the risks in the primary market and contracts are frighteningly high; nine out of ten will lose, and very few can walk away unscathed. If small fund players choose the wrong path, it is no different from gambling their entire livelihood.

Third type: "Giant babies" in the crypto space

These people have no foundational knowledge and are unwilling to learn actively, waiting all day for others to feed them strategies and provide codes, and even need to be coaxed to take action. Once they incur losses, they blame the heavens and the earth, but when they make a little money, they feel smug. There are no permanent "nannies" in the crypto world; this fragile mindset is destined to be unrelated to making money.

Fourth type: Stubborn advocates of altcoins

They know that mainstream coins like Bitcoin and Ethereum are more stable, yet they always feel that altcoins are priced lower and have larger growth potential, stubbornly clinging to worthless coins. They cannot see the advantages of mainstream coins in terms of resilience and value retention, nor do they realize the risk that altcoins can be delisted and become worthless at any time. In the crypto world, seeking quick gains often leads to quicker losses; being patient and holding mainstream coins can lead to further success.

The crypto world has always been a cruel elimination field; only the fittest survive. Every penny you earn is a realization of your understanding; every penny you lose is the cost of your cognitive flaws. When your wealth exceeds your level of understanding, the market has ways to harvest you. Instead of complaining about the poor market, it is better to improve yourself first; otherwise, you will forever be the harvested chives.