Why You Can't Make Money in the Crypto World:
This question is so real that almost everyone who has spent some time in the crypto world has asked themselves this. Let's break down why many people—including you—can't make money in crypto. See if you fall into the following points:
1. Cognitive Bias & Emotion-Driven Trading
Chasing and Panic Selling: Jumping in when you see others making money, often at a high point; unable to resist cutting losses when prices drop.
Fantasy of Getting Rich Overnight: There are indeed wealth creation myths in the crypto world, but most people only see the surface and don’t notice how others are strategically planning ahead and persisting long-term.
FOMO vs FUD: Unable to Control Emotions: Afraid of missing out when prices rise, afraid of losing everything when they drop, resulting in the classic case of “buy high, sell low.”
2. Lack of a Clear Strategy or Long-term Plan
No Profit-Taking or Stop-Loss Rules: Greed when prices rise, holding on when they drop, ultimately resulting in a complete loss of profits on a retracement.
Frequent Coin Swapping / Unable to Resist Hype: Just bought one, see another one skyrocketing and swap, ending up missing out on both.
No Big Picture Perspective: Not understanding macro trends, making decisions based on 1-hour candlestick charts, which is destined to lead to losses.
3. Lack of Technical Analysis or Fundamental Research
Buying Coins Blindly, Not Looking at Project Background: Jumping in because someone said “this coin will explode” without understanding key points like market cap, lock-up, team, and narrative.
Unable to Identify Support, Resistance, or Trend Lines: Blind trading leads to getting shaken out or getting caught halfway up the mountain.
4. Outdated Information Channels or Easily Led by Trends
Lacking Independent Judgment, leading to relying only on “hearsay,” which is often just “sugar-coated bullets” before others offload.