Why does the rookie always play "roller coaster" in the crypto world?

Dear "fresh sprouts", please put down your milk tea money that you just earned 20% on and let me tell you something from the bottom of my heart: the money you are making now is a death warrant issued by the King of Hell!

Do you know why newbies entering the crypto world seem to have a cheat code? It's just like the owner of a mahjong parlor giving candy to newbies—letting you taste a little sweetness first. You cautiously invested 5000 yuan to buy a coin, and the next day it went up by 5%, so excited that you want to tattoo the K-line chart on yourself. At this moment, the old foxes in the crypto world are munching on seeds, watching your performance: "Wow, another one ready to lose!".

Don't be unconvinced! The little gains you made are purely a result of survivor bias playing tricks. Out of 100 coins, there are always one or two that rise; you just happened to be the lucky cat bumping into a dead mouse, thinking you are the second coming of success? Those unlucky ones who lost everything are already hiding under the covers crying; who has the time to show off on social media?

The most dangerous part is that making a little money leads to "wealth delusion syndrome". Doubling your capital makes you bold enough to mortgage your house and leverage, looking at the K-line chart more passionately than you would at a partner, without understanding anything, and you dare to go all in. By the time the market makers are closing their nets, your small profit doesn't even count as a fraction, and you end up performing the "disappearing capital trick".

Remember! The crypto world is not an ATM. If you really want to play, start with some grocery money to practice, watch more and act less. After getting slapped in the face by the market seven or eight times and still being alive, then talk about investing. Don't keep dreaming of a "villa by the sea" only to end up "waiting on the rooftop"—though this sounds harsh, it's better than actually ending up on the rooftop!