The Truth Behind the "Rapid Rise and Slow Fall" in the Crypto World: 90% of People Lose Money and Can't Escape This Human Trap
After years of struggling in the crypto market, I've seen too many people proclaiming "selling at the peak in a bull market and buying at the bottom in a bear market." But the harsh reality is: those who claim to accurately sell at the peak are 99% victims of survival bias. When you see BTC drop from 100,000 to 50,000, you suddenly realize that the peak has already passed! But when you're in the market, who can be sure that 100,000 is the end? What if it continues to surge to 150,000?
1. The Most Dangerous Cognitive Trap in the Market
Novices always fantasize about predicting bull and bear markets, but the market is always slapping them in the face. Last year, a fan confidently said, "I will sell everything if BTC breaks the previous high," but when the price surged to 72,000, he increased his position, reasoning that "this time is different." When the coin price fell back to 60,000, he began to average down, and ultimately cut losses at 48,000. This process perfectly illustrates a weakness in human nature: we always treat current trends as eternal.
2. Unveiling the Wealth Transfer Code of "Rapid Rise and Slow Fall"
1. Bull Market Engine: 80% of the increase occurs in 20% of the time
Looking back at BTC's journey from 15,000 to 100,000, the real explosive growth likely happened over a weekend. It’s like a train that suddenly starts moving; those who didn't board are always chasing the rise.
2. Bear Market's Gentle Knife: A dull knife cuts the deepest
When your 1 million turns into 3 million, then drops to 2.7 million, this is how the psychological defense collapses:
Wait for a rebound to 3 million to sell → drops to 2.5 million
2.8 million is fine → declines to 2 million
Just play dead → ultimately halves to 500,000
The big players know this well: a three-month slow decline can lock in chips better than a three-day crash. Each rebound during this period is a carefully designed escape hatch, but unfortunately, most people choose to ignore it.
3. Deliberate Training Methods of Top Traders
1. Survival Rules for Altcoins
First time being cut: heart-wrenching
Third time cutting losses: face unchanged
Fifth operation: mechanical execution
Only when you can decisively take profits at a 10x return after retracing to 7x, can you be considered to have passed the market's test. Remember: the ultimate fate of any altcoin is to return to zero; the only difference is the duration.
The most ironic truth in this market is: when you think "this time is different," history is repeating itself; when you are certain you "understand the rules," the trap has just been set.
If you don’t understand coins yourself, make sure to follow Wen Ge!
Many times, choice is greater than effort
