1. You think a shitcoin can rise 100 times; 99.99% will go to zero.
Every day, hundreds of new coins are born in the crypto world; less than 1% survive over three years.
Truth: The hundredfold coins you see are survivor bias; more coins have fallen to 'commemorative coins'.
2. When a coin is crazily promoted as 'guaranteed profit', it's looking for someone to take over.
Institutions pump prices to sell off; they won't kindly make retail investors rich.
Truth: The more people shout 'must rise', the more cautious you should be.
3. When you are desperate enough to want to close your account, a bull market is about to arrive.
At the end of a bear market, market sentiment is most pessimistic, but smart money is bottom-fishing.
Truth: The greatest opportunities arise when others are fearful.
4. The more you firmly believe a certain coin will rise, the more likely the institutions will dump it.
The market specializes in various 'certainties'; what you think will be a sure profit is often a trap.
Truth: When you feel 'this time is different', you are very likely to lose money.
5. You think making money in the crypto world is easy, but losing money is actually easier.
Newcomers see stories of getting rich, while veterans experience liquidation, zeroing out, and being cut.
Truth: Making money requires skill, losing money only requires bad luck.
6. Don't blindly trust KOLs; they might be poorer than you.
Many 'experts' make money by selling courses and taking ads, not by trading.
Truth: Those who really make money don't have time to showcase their gains every day.
7. You think contract win rates are 50%, but in reality, less than 10% are profitable.
Leverage is a 'tool for accelerating losses', not a 'shortcut to wealth'.
Truth: The ultimate fate of contract players - liquidation.
8. The institutions are not enemies; following them is the way to survive.
Retail investors can never outperform institutional investors, but can follow trends to profit from swings.
Truth: Don't fantasize about 'defeating the institutions'; learn to ride the wave.
9. The coin itself has no value; speculation relies entirely on human greed.
Aside from Bitcoin, 99% of coins are 'air'; their rises and falls depend on stories.
Truth: What you are buying is not technology, but the desire of others to take over.
10. Getting rich relies on luck, maintaining wealth relies on understanding.
Money made by luck will 99% be lost back through skill.
Truth: The crypto world is the fairest - in the end, everyone pays for their understanding.
Final Advice
Capital first: Protect your life first, then make money.
Risk second: Don't go all in, don't leverage, don't believe in 'guaranteed profit'.
Profit third: Only by staying alive do you have a chance.
The crypto world specializes in teaching you a lesson; what you think is 'different this time' will be harshly taught by the market.
Patience + Discipline + Execution are the keys to long-term survival.
People are more important than anything! If you are still wandering in confusion, take a look at @crypto广哥 to help you seize every wave of the bull market.
