Most people lose money in trading cryptocurrencies, not because they can't understand the market, but because they can't control themselves.
Almost everyone has these two common problems:
1. In the early stage of a bull market, they are cautious, but at the end of a bull market, they are greedy to the extreme.
When the market just starts, they always feel it will drop further, thinking it's definitely a false breakout.
Only when the market is in a frenzy do they dare to invest heavily, becoming the last ones to buy in.
Clearly, they should have gotten in earlier,
but when it's time to get out, they can't let go,
this is not a matter of luck; it's all about the timing being completely off.
2. Holding on in a bear market, running away in a bull market.
In the coldest bear market, they hold their coins more securely than anyone else,
even when the team rugs or the chain collapses, they still don't let go, becoming living fossils on the chain.
As soon as the market picks up, they rush to sell after just a 20% increase,
afraid that profits will shrink in a pullback, only to look back and see the coin price has tripled or quintupled,
and they can only painfully watch from the sidelines of the gainers list.
It's not that they don't understand holding; it's that they held at the wrong time;
it's not that they don't understand selling; it's that they sold at the wrong moment.