After many years in the crypto world, I found that a few types of people are particularly prone to stumbling. Let's see if you fit the bill.

The first type is the pure novice, who jumps into the market with 100x leveraged contracts. After a small initial profit, they think they are the chosen ones and go all in, only to lose everything. They may have bought a coin that has doubled in value by luck, but they can also lose everything due to reckless operations. They only understand all-in, chasing highs and cutting losses, without knowing about position management and profit-taking, always fully invested, ultimately left with regret. Novices know nothing about the crypto world; it's advised to avoid it for now, as it's not about having a “big appetite.”

The second type is small capital players, who have a few thousand USDT but want to make millions. There are cases of turning a few thousand USDT into millions, but they mostly happen in the primary market and contract field. Choosing the wrong track and entering the secondary market makes it difficult to achieve such leaps, as the secondary market rarely offers hundredfold returns. High returns require looking at the primary market and contracts, but the risks are enormous, and only one in ten can make money and walk away. Small capital players should “watch more and do less,” and not rush for success.

The third type is the “giant baby” in the crypto world, essentially a novice who always wants others to feed them and pamper them. These people find it hard to make money; no one has the patience to keep revolving around them, and parents won’t feed them for a lifetime. They like “lying flat” services, have a poor mindset, and feel elated when they profit but blame everyone else when they incur losses. A poor mindset in the crypto world leads to stagnation, ensuring they won't go far.

The fourth type is the stubborn individuals who hold onto altcoins without letting go, never touching mainstream coins like Bitcoin, Ethereum, or Ripple. These people have poor risk tolerance; they think Bitcoin is expensive and altcoins are cheap with large gains, forgetting that altcoins can also fall hard. Although Bitcoin rises slowly and is expensive, it is more stable than altcoins. Many people stubbornly cling to altcoins, only to be met with announcements of delisting from exchanges.

Making money in the crypto world is not easy; avoid these pitfalls to get closer to profitability. Identify problems and adjust in a timely manner, or there may be opportunities to turn the situation around.

Give up on the fantasy of getting rich quickly; first, triple your account.

Playing in the crypto world seems simple, but it is far from easy when actually doing it. Novices often can't understand the genuine breakthroughs from the false ones, or they can’t even wait for a decent pullback. There are many uncertainties in execution, and when faced with market trends, they are often at a loss. The key is how to grasp those trends that truly meet the standards.

Trading in crypto is about repeatedly doing simple things, sticking to one method for a long time. If you don’t understand, feel free to consult me. 🤝