In our digital cryptocurrency market, we see a lot, but the reason for failure when investing ourselves is: #币安Alpha上新

1. The Paradox of Market Efficiency

Any strategy that can continuously generate excess returns will have its arbitrage opportunity quickly filled once it is widely replicated (such as early Bitcoin mining algorithms, options pricing arbitrage, etc.). The more people know about it, the less effective the strategy becomes. #币安HODLer空投HYPER

2. The Cruelty of Zero-Sum Games

The essence of the secondary market is wealth transfer (especially short-term trading). If your algorithm can predict prices, it means profiting at the expense of others' losses. Public strategies are like handing weapons to your opponents, which may ultimately backfire on yourself.

3. The Reflexivity Trap of Human Nature

Historically, even Nobel Prize-winning Long-Term Capital Management (LTCM) was hunted by institutions due to model leakage. The more precise the algorithm, the deeper the reliance on the market's microstructure, and the market will change its rules due to the algorithm's own intervention (such as flash crashes caused by high-frequency trading).

Summarizing past experiences, our biggest psychological attitude should not be too impulsive; we must maintain a good mindset and not be overly impatient. It is also important to have a guide. #币安上线INIT

Trends are ahead, and layouts follow. #加密市场反弹