Answer: It's possible, but don't hold your breath
Indeed, there are legends of a few people getting rich in the crypto world:
Early investors who held BTC at low prices in 2011,
Speculators who accurately sold during the surge of Dogecoin and similar currencies,
Even those 'social influencers' who profit short-term by 'calling' or 'manipulating'.
But these are all survivor biases—— What you see is the brilliance at the tip of the pyramid, while ignoring the blood and tears of countless people at the bottom.
How cruel is reality? Look at these truths
1. The flip side of wealth stories is 99% loss traps
Market changes faster than turning a page:
An investor once made several thousand in a day, thinking they found the 'wealth code', but lost more than half overnight when the market reversed. The crypto market trades 24 hours, with fluctuations that come without warning; one second it may hit the limit up, the next it could plummet by 50%.Retail investors can never outplay the big players:
Big players control the market, pump and dump, and 'paint the door' (instant fluctuations to harvest retail investors) are common. Ordinary investors are like 'running naked', relying solely on emotions to chase prices up and down, ultimately becoming 'fodder'.
2. Addiction to trading cryptocurrencies is scarier than gambling
Want to increase investment after making small profits, want to turn around after losing big money:
Short-term profits stimulate dopamine secretion, making people mistakenly believe they are 'geniuses'; once they incur losses, they fall into the 'sunk cost trap', investing more and more in an attempt to 'break even', ultimately sinking deeper.What is being gambled is not money, but human weaknesses:
Greed, fear, jealousy (seeing others make money), a sense of luck... trading cryptocurrencies amplifies everyone's human weaknesses. How many people have sold homes and borrowed money to enter the market, only to end up with nothing.
3. The 'success' of survivors is something you cannot learn from
Early layout requires vision + luck:
Those who dared to heavily invest in BTC in 2011 either truly understood the technology or stumbled upon it by chance, but it definitely cannot be replicated by simply 'reading a few posts' or 'joining a few groups'.Short-term speculation requires information advantage + resources:
Those who can accurately exit during the Dogecoin surge often know insider information in advance or have strong trading abilities, while ordinary retail investors can only follow the trend and take over.
If you really want to enter the market, remember these three bottom lines
1. Start with small amounts, never go all in
Invest with 'money that won't hurt if lost' (like within 10% of monthly income), treat it as 'tuition for learning blockchain', not as 'capital for getting rich'.
2. Learn the technology first, then talk about making money
Blockchain is not 'air', but most speculative coins are almost 'air'. What truly deserves attention are projects with technological implementation that solve real problems (like government chains, supply chain finance, etc.), not those 'meme coins' relying on celebrity endorsements.
3. Refuse FOMO (fear of missing out)
Don't be swept away by the anxiety of 'others getting rich'. In the crypto world, a day is like a year; short-term surges and drops are the norm. Real opportunities are always left for those who are patient and understand value, not for the 'warriors' who blindly chase after rising prices.
Finally, I leave you with a saying:
Don't use your savings for the next three years to chase someone else's wealth dream from three days ago.
Blockchain is a technological revolution, not a wealth myth. If you want to participate, first treat it as 'knowledge' to learn, then as 'assets' to view, and finally as 'investment'—if the order is wrong, the cost may be a lifetime of savings.
