Why do most people fail to make money in the crypto space?
In the crypto world, whether trading, holding coins, playing contracts, or engaging in yield farming, those who can make money share a common trait — they are not swayed by emotions.
For example, those who profit from trading have a clear plan for buying and selling timing and profit targets; holders are committed to long-term Bitcoin retention, unaffected by market fluctuations; contract players strictly execute take-profit and stop-loss strategies, avoiding holding onto losing positions and blindly increasing leverage; yield farmers persist in working on projects without complaints; and KOLs are not morally coerced or influenced by others to engage in risky operations.
Investing regularly in Bitcoin may seem simple, but it is actually the most challenging because it requires enduring long-term losses while overcoming the impulse to 'make money quickly.' Many people can't help but buy more when prices drop and sell less when they rise, or they sell as soon as they make a profit; the root of this behavior is being driven by emotions.
In fact, emotions are the enemy of investing. Being too excited can lead to chasing high prices and making impulsive decisions, while being too depressed may cause one to miss opportunities. Those who are truly successful in the crypto space remain calm regardless of profit or loss and act according to their established strategies. In life, some people learn to detach from emotions through reading or meditative practices, fundamentally aiming to eliminate emotional interference and act rationally.
If you want to make money in the crypto space, merely learning techniques and finding methods won't suffice; the key is to learn how to eliminate emotional interference. However, this requires long-term practice; otherwise, it is difficult to overcome this hurdle.