#常见交易错误 Chasing Up and Selling Down: This is one of the most common mistakes made by cryptocurrency investors. When the price of a coin rises rapidly, investors are easily driven by greed to buy at high levels; when the price crashes, they panic and sell at the bottom due to fear. This reverse operation goes against the principles of rational investing, leading investors to buy high and sell low, resulting in significant losses. For example, during the '312 crash' in March 2020, many investors sold their Bitcoin when the price was over $4,000, only to see the price multiply several times in the following months.

Impulsive Trading: Investors engage in trading under emotional fluctuations, such as hastily buying into a coin that is surging or believing in 'insider news' and 'KOL recommendations' from the community without conducting independent research and judgment. This impulsive behavior often leads to buying or selling at the wrong time, increasing the risk of losses.