Beginners make money from luck, while veterans make money from probabilities: Why do you win at first but lose everything in the end?

In the cryptocurrency circle, beginners are likely to have the illusion: I will make money as soon as I enter the market. Am I talented? Have I found a shortcut to financial freedom? When many people enter this market for the first time, they encounter a bull market or a period of explosive hot topics. They can double their money simply by buying a MEME coin or listening to a KOL order. Overnight wealth doesn’t seem like a dream.

But that’s just luck, not skill.

Veterans never rely on luck to make money; they rely on probabilities.

What is called probability refers to the number of times you can win if you choose a hundred times, how much you can earn on average each time, and how much you can control when you lose. When making each transaction, veterans do not ask, "Can I win this time?" Instead, they ask, "Does this transaction fit into my strategic system? Does it have a positive expected value in the long run?" Often, beginners win without realizing it, while veterans achieve stable profits within predictable limits.

The first amount of money a beginner earns is like a gift from fate and a "call" from the market, but it is often a trap as well. Once you start to think that you are capable of doing anything, you will lose everything in the second wave of the market or the sideways period, or even more. Because you do not know how to control risks, how to allocate positions, and when to take profits or cut losses.

The basic logic of veterans is: losses are expected, and steady profits are the true skill. They know that most people lose not because they make mistakes, but because they cannot afford to make continuous mistakes. Therefore, every decision they make is based on a probability structure that states, "Even if they fail, it won’t be fatal."

The game of wealth in the world of cryptocurrencies is not about who wins faster, but about who can withstand loss, live longer, and steadily earn more money.