1. Success rate of harmonious trading
Do you think the success rate of harmonious trading could be 50%? In reality, under the complex conditions of the crypto space, the success rate may be less than 1%! Every contract has countless uncontrollable factors behind it, and one mistake could lead to total loss.
2. The illusion of getting rich from meme coins
Many people hope to get rich overnight through meme coins, but 99% of meme coins will ultimately go to zero. Most of these coins lack a solid project foundation and application scenarios, merely being a flash in the pan.
3. Misjudging the timing of profit
When you think you're in a prime opportunity to make money, you may have quietly become a bag holder. The crypto market often has misleading trends, usually hiding traps of major players unloading or bubble accumulation.
4. Misreading market trends
When you are convinced the market will crash, it may actually be the starting point of a bull market. The rise and fall patterns in the crypto space are elusive, and public expectations often run counter to actual trends; contrarian thinking is crucial.
5. Misattribution of profit
Some people think the money they earn is solely due to their skills, but often it is just luck. If one lacks real investment ability, money earned through luck will ultimately be lost.
6. Relationship with the market
The market is always right; it has its own rules. Investors should follow the trend instead of going against the market.
7. Misunderstanding the difficulty of making money
Newcomers to the crypto space often think making money is easy, but in reality, losses are the norm. The high risk in the crypto market makes profits exceptionally difficult, far more complicated than it appears.
8. Misconceptions about dealing with market makers
Some mistakenly see market makers as opponents and blindly resist them, but in reality, to profit in the crypto space, it's wise to follow the footsteps of market makers and seize the trends.
9. The illusion of value investing
Many believe there are opportunities for value investment in the crypto space, but over 99% of coins have no actual value. Most coins attract funds through hype and short-term popularity, making long-term survival difficult.
10. Misplaced expectations about price breakthroughs
When expecting a price breakthrough to a new high, it may often signal the beginning of a bear market. Price fluctuations in the crypto space are extreme, and new highs could be a precursor to bubble bursts.
The crypto market is full of challenges; investors need to stay vigilant and respond rationally to market fluctuations.