1. Believing that the rise and fall of cryptocurrency reflects real trading and is highly correlated with the stock market, especially the US stock market. If you think this way, you must be a novice. There are many market makers in the crypto space, such as DWF Lab. The rise and fall of cryptocurrencies you see are all completed by robots through changing order strategies at any time. In short, it is the power of big data; the cryptocurrency prices are the result of highly centralized control.
2. Believing that prices will rebound after reaching a low point. Continuing from the previous logic, sometimes what retail investors call 'buying the dip' is often just buying halfway up the mountain. Never assume that a price will rebound simply because it has reached a previous low; the only thing that can trigger a rebound in cryptocurrency prices is a surge in the number of short positions.
3. Believing that the perpetual profit master in the square has real skills. The cryptocurrency market is a casino, and you can't escape with a thousand. You can make money, not because you're so skilled, but because you're lucky enough. If you don't believe it, buy two identical positions, leave one untouched, and use your clever little brain to operate the other. You'll find that after a while, the position that was left alone earns more than your efforts. Because frequent operations are squaring your probabilities, reducing the chances of making money.