Do you know why you lose money in cryptocurrency? If you don't even know this, it's better not to enter the crypto world.

The first rule of survival in the crypto world: First, clarify whether you are here to invest or to gamble?

Are you staring at the K-line chart at three in the morning, always thinking: "This wave of correction must be the big players washing the plate, go all in!" As a result, the next day the market opens and there’s a waterfall, looking at your green account, suddenly remembering the new term you just learned yesterday—"Contracts are ruthless, but there is love in the world"?

Reason for losing money TOP1: Chasing highs and selling lows is like a roller coaster.

Seeing the group shout "Hundredfold coins take off" gets you all excited, and you rush in with a full position. The result? You buy at the peak, and when the big players cash out and leave, they still remember to give you a thumbs up: "Thanks for taking the plate, buddy."

Reason for losing money TOP2: Going all in is momentarily thrilling, but the whole family ends up in a funeral home.

You always think, "Take a chance, a bicycle can turn into a motorcycle," and bet your living expenses, mortgage, and even credit cards. When the waterfall comes, you can only contemplate life on the rooftop: "Should I jump first or delete the app first?"

Reason for losing money TOP3: All news relies on the group shout.

Seeing "Some big shot stands on stage" or "Project party pumps the price" and you follow the trend, only to find that the so-called good news is just a smokescreen set by the big players. In the end, even the announcement released when the project party runs away says: "Thanks for your support, retail investors!"

Reason for losing money TOP4: Technical analysis relies entirely on guessing.

Mistaking the MACD golden cross as a buy signal, only to find it's a "death trap" drawn by the big players; breaking through the upper Bollinger band thinking it’s going to soar, but it’s actually a trap before a plunge. In the end, you realize: "It turns out the K-line chart is the most deceitful and flashy trickster in the crypto world!"

Reason for losing money TOP5: A broken mindset leads to chaotic operations.

Selling off in panic during a sharp drop, and then chasing after the price during a sharp rise. As a result, you lose all your principal in the cycle of "cutting losses - chasing highs - cutting losses again." In the end, you can only comfort yourself: "I’m not trading coins, I’m just paying transaction fees to the exchange!"

Advice from veteran retail investors in the crypto world:

1. Never use living expenses to trade cryptocurrencies.

2. Play dead when it drops 50%, and cash out in batches when it rises 100%.

3. Delete all signal groups and hide the exchange app on the third page.

4. Think "When others are fearful, I am greedy" during a sharp drop, and silently remind yourself "When others are greedy, I am fearful" during a sharp rise.

5. Remember: Those who survive in the crypto world have weathered great storms.

Lastly, here’s a piece of advice for everyone:

"There are risks in the crypto world; enter the market with caution. If you don’t even know the reasons for losing money, it’s best to uninstall the app and go buy Yu'ebao instead!"#Circle扩大IPO规模