As a novice in the cryptocurrency world, blindly trading without learning and failing to make money is an inevitable result of market laws.
The high-risk characteristics of the cryptocurrency market are extremely unfriendly to beginners. There is no strict regulation here, and price fluctuations are absurdly severe—it's common for mainstream coins to rise or fall by 10% in a single day, and it's not unusual for smaller coins to double or crash in a day. Not to mention the high leverage provided by platforms, with 10x or even 100x leverage that can amplify risks infinitely. Novices who do not understand the principles can carelessly add leverage, and even a slight fluctuation could wipe out their principal. The market is also filled with air coins and Ponzi schemes, and it's normal for the manipulators to pump and dump, cutting down the inexperienced. Those who do not learn cannot avoid these traps.
The operation mode of 'not learning + blindly trading' is even more absurdly wrong. You might hear someone say a certain coin is good and buy it, or see a low price and jump in, without understanding the project's value or analyzing the price trend. After buying, you either hold onto gains out of greed or fail to cut losses out of hope, watching profits evaporate or principal shrink before your eyes. Even worse is heavily betting on one coin, putting all your money into it; if your judgment is wrong, you lose everything. Being driven by emotions to chase highs and cut lows often results in buying at high points and selling at low points, repeatedly being harvested.
Trading is essentially a probability game that requires strategy and discipline. Entering the market without learning is like crossing the street with your eyes closed; not losing money would be a strange occurrence.
Your experience is a microcosm of retail investors in the cryptocurrency world— the more you trade, the less capital you have, while those who make money are always in the minority.
After buying Bitcoin in 2020 and frequently switching to Ethereum, SOL, and other coins, it seems like you are chasing opportunities, but in reality, you are gradually diluting your returns. Bitcoin, as a core asset, relies on consensus and liquidity to traverse cycles, and a 2.5x return is the result of compounding over time. The coins you switched to may perform well in specific phases but have weak risk resistance. For instance, SOL rose a hundredfold but fell 95% due to vulnerabilities and bear markets, making it hard for retail investors to grasp its cycles.
Frequent switching also hides losses: transaction fees and slippage from conversions can eat away 10% of your principal after just a few trades. What's worse is that you struggle to buy high and sell low, often chasing highs and cutting lows, leading to a shrinking principal with each buy and sell. Intending to diversify risks, you instead dilute returns; converting quality assets into highly volatile coins naturally results in having less and less.
The cryptocurrency world follows the principle of 'seven losses, two breakevens, and one profit,' with even less than 5% of people making money. The market is a zero-sum game; institutions have advantages in capital and information while retail investors operate on gut feelings, becoming the targets for harvesting. Most people overestimate their judgment and consume their principal through frequent trading, which is precisely the norm for retail investors like you.

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