Summary of Pain Points for Retail Investors in the Cryptocurrency Market and Their Solutions. 1. Lack of Patience

Not able to go without a position, can't stand seeing others make money, eager to catch the bottom, always wanting to get rich overnight

Deep-seated reason: Insufficient understanding of market rules, desire for quick profits

Response strategy: Develop an investment plan, train investment mindset, learn value investing principles

2. Lack of Discipline

Not taking profits: Not selling on pullbacks, not selling at the top

Not cutting losses: Holding on until the end, having a lucky mindset, haphazardly averaging down in a weak market

Too greedy

Deep-seated reason: Greed, lack of rationality and established investment discipline

Response strategy: Establish profit-taking and stop-loss mechanisms, enhance investment knowledge, conduct regular reviews

3. Fear

No personal investment logic: Solely focused on news, panic investing

Operational mistakes: Not changing during reversals, not holding during bull markets, not resisting with core positions, frequently changing coins

Investment diversification: Holding multiple coins with little principal

Deep-seated reason: Excessive worry about market uncertainty, lack of confidence

Response strategy: Study fundamentals, learn technical analysis, conduct psychological training

4. Chasing Up and Selling Down

Deep-seated reason: Influenced by herd mentality, lack of independent thinking

Response strategy: Learn investment philosophy, control trading frequency, establish a reflection mechanism 5139248296226410310411