In the cryptocurrency world, losing money is not a technical issue, it’s a psychological issue
— Really, many people should read some psychology
Do you think you’re losing money because the news is too slow, your buying points are inaccurate, or your skills aren’t good enough?
No, you’re losing money because you:
You can't bear to sell when it rises, refuse to cut losses when it falls,
Get carried away during FOMO, doubt life during consolidation,
Heavily invested based on intuition, trading based on mood.
📌 Common 5️⃣ psychological traps in the cryptocurrency world, have you fallen into any of them?
1. Regret Anxiety
Sold yesterday, it rose today, and you start to regret; clearly made money, but always doubt yourself for “missing out”.
2. Gambler's Mindset
Lost once, just want to break even; can’t break even, gamble again; in the end, either the account is zeroed out or emotions explode.
3. Fantasy Compulsion
Always thinking “it will bounce back,” even after falling 90%, still holding on, fantasizing about “a comeback.”
4. Social Blind Conformity
Buying whoever shouts out their picks, chasing whoever rises; never read the project white paper, just jump in because a KOL recommended it.
5. Emotionally Explosive Personality
Account down 10%, emotions down 80%; heart racing while watching the market every day, boosting morale in group chats before bed, smashing the phone over any disagreement.
📘 So I say:
The cryptocurrency world will eventually become a “psychological training ground.”
Those who can truly make money are not the ones who predict best, but those who are emotionally stable, admit mistakes quickly, and have the clearest risk control.
🧠 How to become an “emotional expert in the cryptocurrency world”?
For different psychological traps, we’ll use different strategies to deal with them!
Fear & Greed, set take-profit and stop-loss, write a plan in advance
Anxiety & Impulsiveness, look at the market a maximum of 3 times a day, don’t stare and don’t gamble
Doubt & Confusion, do weekly reviews + track the fundamentals of coins
When FOMO strikes, ask yourself: “If I don’t buy today, will I feel anxious?” If yes, then don’t buy.
So, trading cryptocurrencies well is not as good as stabilizing your heart and mind.
The real pros remain calm amidst the ups and downs.
Brothers, have you ever been led astray by emotions in your trading?