Most people lose money in cryptocurrency trading, not because they can't understand the market, but because they can't control themselves.
Almost everyone has these two common issues:
1. In the early stages of a bull market, they are overly cautious, but at the end of the bull market, they become excessively greedy.
When the market just starts, they always feel it will drop further, thinking it's a false breakout.
Only when the market is in a frenzy do they dare to invest heavily, ending up as the last one to buy at the peak.
Clearly, they missed the opportunity to get in when they should have, and when it's time to get out, they can't let go.
This isn't a matter of luck; it's a rhythm all wrong.
2. Holding on too tightly in a bear market, but running away in a bull market.
In the coldest bear market, they hold onto their coins more firmly than anyone else,
not letting go even when the team rugs or the chain collapses, living like a fossil on the chain.
Then when the market finally moves, they panic and sell after just a 20% rise,
afraid of losing profits; they turn around and see the coin price has tripled or quintupled,
and can only watch painfully from the sidelines.
It's not that they don't understand holding; it's that they hold at the wrong time;
It's not that they don't understand selling; it's that they sell at the wrong moment.
The most common tragedy in a bull market isn't losing money; it’s selling too early.
You'll find that the most frequent complaints during a bull market aren't “I lost a lot,”
but rather: “I sold too early, and after I sold, it went up so many times” or “If I hadn’t sold, I could have made so much.”
All the regrets ultimately stem from the inability to endure profit drawdowns.
The most vulnerable moment of human nature isn't when losing, but when already in profit, fearing it will decrease.
So you sold at +50% and then watched it go up +500%.
It's not that you don't believe in the project, nor that you don't understand the market;
you just can't stand even a slight pullback in profit, so you easily gave up all your tickets to the main upward wave.
To make big money, there’s only one thing: give up the anxiety of taking profits.
You need to understand that the core of the main upward wave is holding on, not selling skillfully.
If you want to earn double or even dozens of times your investment, you must endure price pullbacks, emotional fluctuations, and market volatility during the process.
If you run every time it rises by 10%, you are destined to only lick the soup on the edge.
Real experts don’t buy at the lowest and sell at the highest,
but can survive in the correct trend for a long time.
Most people aren't unable to make money from the market;
it’s that they run away after making a little, ultimately missing out on the entire bull market.
Either be patient and hold onto the main trend;
or don’t regret selling prematurely.
Enduring profit drawdowns is the only way to qualify for real doubling trends.