Staying in the crypto space for a long time, you will discover the true state of this industry: the vast majority of ordinary people lose money after entering.

Carefully observe that many voices in communities are about losing money; even if there are short-term profits, it is still difficult to achieve overall profitability after a year.

So why is this the case? Wasn’t it simple to see others making money when entering?

Today we will analyze from the perspective of cognitive thinking.

The first common mistake: underestimating the market.

The barrier to entry in the crypto space is low; the vast majority of investors, after entering, basically trade directly.

Very few people choose to first learn investment knowledge, understand K-line trends, and figure out how to make money and how to incur losses in investments.

So from a psychological perspective, it underestimates the professional difficulty of investing.

The reason for underestimating may be that after entering society, one already has abilities in a certain field or has achieved small successes, leading to a mistaken belief that they can easily navigate the investment field.

But in reality, when we enter any new field, we are all novices; we need to calm down and learn humbly.

Because they underestimated the market, many investors only need one wrong trade to incur losses that they may not recover for the next few years.

The second common mistake: Finding the wrong reasons.

Generally, after losing money in trading, everyone reflects and summarizes experiences, but the direction is wrong.

For example, a few years ago, many people bought houses, and in recent years, housing prices have basically shrunk with high interest rates; at this time, everyone will say it is because of the poor economic environment affecting the market.

If the business of opening a store is not good, they will also say that business is getting harder, with too much competition and a bad economy.

Have you noticed that no one mentions their own reasons, such as not understanding the real estate financial cycle and thus becoming a victim, or failing to follow trends in business and incurring losses?

On the contrary, after making money from buying houses, one would think it was due to their good vision and capabilities, and would never attribute it to market trends or luck.

From this, we can see that people generally prefer to find reasons externally rather than internally within themselves.

So many investors lose money in the crypto space for the same reasons, summarizing external factors.

The root problem has not been found, which lies in one's own abilities, skills, understanding, mentality, etc.

Always seeking externally leads to more summaries but greater losses; this means going further down the wrong path.

So where are the opportunities for ordinary people?

Although the crypto space is fraught with risks, ordinary people do not have no opportunities! The key lies in improving understanding, choosing a suitable path, and strictly controlling risks.

The most important thing here is 'improving understanding'!

Success in the crypto space largely depends on insight into projects and the market; on-chain king 0xSun has lamented several times: choice is greater than effort.

The reason is that he himself is a living example; he was exposed to the crypto space during university and persisted.

Years later, while his classmates are still looking for jobs and seeking higher salaries, 0xSun has already achieved some success in the crypto space.

Ultimately, during the Trump coin period, years of accumulation fully erupted, achieving a leap in wealth and gaining financial freedom.

The final result was not achieved overnight; it was the years of sitting idly on-chain that accumulated knowledge, allowing him to seize a big opportunity and dare to invest large amounts of capital.

These are decisions made only after continuously improving understanding.

An oppositional example is myself; I had finished analyzing Trump coin when it was at 3 dollars and participated. But ultimately, under the influence of market sentiment and insufficient understanding, I sold everything when it hit 6 dollars.

Ultimately, in this unprecedented narrative, I did not achieve substantial returns, merely doubling my investment.

In hindsight, I regretted it but it was too late; this made me realize the importance of understanding and analytical skills in the crypto space!

If the crypto market experiences another bull market, can you seize the opportunity?

If the crypto space experiences another bull market, can we really seize the opportunity?

After much contemplation, I concluded that it depends on whether you are always prepared.

There are many opportunities in a bull market, with the entire market sentiment soaring, quality projects and junk projects flourishing together.

But only if you and I keep learning, fully understand market cycles, learn to identify quality projects, and stick to investment strategies without being swayed by emotions.

Only then can one achieve satisfactory results in a bull market.

The breakthrough path for ordinary people.

The crypto space presents both opportunities and traps for ordinary people, and the key to breaking through lies in:

Are you constantly improving your understanding, continuously learning! And choosing a path that suits you while doing the right risk management.

The most important thing is long-term persistence; the success of ordinary people is not based on the fantasy of getting rich overnight, but on the accumulation of understanding and experience.

The correct approach is: look inward, cultivate internally, and you will get better.


Still, the same statement: in a bull market, if you don’t know what to do, click on my avatar, follow me, for bull market spot planning, contract passwords, and free sharing.

I need followers; you need references. Guessing is not as good as following.
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