I am Brother Yu, a veteran in the cryptocurrency circle who has experienced three rounds of bull and bear markets. I have seen the myth of getting rich overnight, and I have also witnessed countless tragedies of losing everything. Today I want to say something heartbreaking: In this market, 90% of people are destined to be harvested from the moment they enter the market.
In fact, the answer is very simple: most people don’t really know how to make money.
Don't rush to refute, just listen to me one by one.


1. Wrong cognition: Using a gambler’s mentality to speculate in high-risk markets

The cryptocurrency world is essentially a market where "cognition turns into cash" at a very fast speed. Smart people use systematic cognition to screen projects, choose tracks, and control risks; most retail investors trade based on emotions, rushing in when seeing KOLs shouting orders, getting FOMO when seeing others making money, and dumping the market when seeing a drop in prices.

When they enter the circle, they only think about one thing: "Can I double my money quickly?" But they never ask: "Why is this project valuable? Who is the team? Is there any capital pool?"

Many people treat the cryptocurrency world as a casino, but they bet all their wealth without even understanding the rules of the table. Such people are like driving a car without brakes into a minefield. It would be strange if they could survive.

2. The information gap is too big, and people don’t even know who harvested them

You think you are buying coins, but in fact you are playing games with VCs, old project owners, first-tier dealers, and KOL ecosystems. The influencers, B-station UPs, and even Zhihu answerers you follow may all be agents of investment with a vested interest.

When you first learned about this project, others had already made several times the money; you rushed in out of FOMO and became the liquidity buyer in others' eyes.

Information asymmetry is the biggest "sieve" in this market.

3. Lack of patience and the mentality of making quick money will lead to huge losses

When the bull market came, many people made 10 or 20 times their money, but they also lost everything afterwards. Why? Because they didn’t know when to leave and when to wait.

If you make several times the profit, don’t run away, dreaming of a hundred times the profit; if it drops by 20%, cut your position, fearing that it will return to zero. Not making money is the norm, but not being able to hold on is the cause of death.

The cryptocurrency market is a highly volatile one. The fundamental reason why most people lose money is that they do not know how to manage their positions, do not know how to patiently wait for fundamentals to materialize, and only know how to chase rising and sell falling prices.

4. Entering the market too casually, learning too perfunctorily, and losing money too inevitably

Take a look at the path most people take to enter the cryptocurrency circle: they saw a video on getting rich quickly on TikTok, followed a certain Twitter KOL and bought some cryptocurrency, but when they got on board they found that their profits were cut in half, and after losing money they said the cryptocurrency circle was a scam.

The cryptocurrency world is a game where the deeper your understanding, the higher your chances of winning.

But most people are lazy, impetuous, and want quick success, and will eventually be educated by the market.

5. No stable system strategy, relying on luck

The money earned by luck will eventually be lost by strength.

Many people make a lot of money, but they don’t review and summarize a set of trading strategies that suit them. In the next round, they will fall into blind operations, emotional trading, or even contract gambling, and eventually lose all their capital and confidence.

Those who can really make money continuously rely on:

Choose the right direction (mainstream, ecological, primary)

Keep a steady pace (advance and retreat in moderation, don’t be greedy or afraid)

The system has logic (research chain, use tools, follow data)

This is the dividing line between leeks and experts.

In conclusion: Don’t regard making money as luck, and don’t regard losing money as bad luck.

The cryptocurrency world is not suitable for everyone. It is an extremely free and extremely cruel market.

If you are unwilling to calm down and study, accumulate knowledge, control your emotions, and just want to "go all in", then losing money is the result of fate.

But if you really want to change your life, if you are willing to treat the cryptocurrency world as an opportunity for a comeback, then the first step you should take is not to rush in, but to figure out: Are you ready?

I am Brother Yu, a 10-year veteran in the cryptocurrency industry, focusing on the primary market, on-chain strategies, and project research. Follow me and I will help you avoid detours every day.

If you have more specific questions, you can leave a message in the comment section and I will reply when I see it.

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