What you think the cryptocurrency world is:

You go in with ten thousand dollars, leave it for ten years without touching it, wait for it to rise to one million, and then sell it off happily.

The reality of the cryptocurrency world is:

You put in ten thousand, and by the next day, you only have five thousand left, and because of the loss, you can't sleep all night. Every night after that, you can't help but open the app to check the market, filled with anxiety.

You endure for a year, and the value of the coin fluctuates between one thousand and six thousand.

You steel your heart and decide on the determination of "cutting losses at nine thousand"; when the coin price reaches eight thousand five hundred, you think based on past experience it will definitely pull back to six thousand, so you sell it. Then you plan to short the pullback and buy back in to make two thousand five hundred.

What happens? You make a profit at first, but this time the market doesn’t move as you expected, and the coin skyrockets to nine thousand, and you no longer have the chance to get in.

So you think to yourself: "I can’t miss out again!"

You use the money from selling at eight thousand five hundred to buy back into a position at nine thousand, but then, the coin price pulls back to seven thousand again. You start to regret, feeling like you missed out on a big opportunity, and you begin to constantly adjust your actions until the coin price rises to twelve thousand, and you finally sell, feeling satisfied.

At this point, you feel like an investment master, with an annualized return of up to twenty percent, as if you’ve become the "Warren Buffett of crypto."

This is the typical trajectory of a novice:

All-in gambles, cutting losses and buying again, chasing highs and selling lows. Constant emotional fluctuations and actions make you sway back and forth.