There are several misconceptions about trading cryptocurrencies; understanding them can change your life.

1. The fundamentals determine the lower limit of a coin, while speculation determines the upper limit.

2. The fundamentals and project revenue are not significantly related to coin prices. Don't assume that if a project is great and revenue is high, the coin price will also be good. Good revenue means they can sell you more coins to earn even more.

3. 99% of the coins on the market are garbage coins; only BTC is real.

4. No one can truly predict market trends. Technical analysis is just a reference; support is meant to be broken, and resistance is meant to be broken through. If everyone could make money just by looking at technical analysis, who would lose money?

5. The trading strategies that really make money often aren't the ones that can earn the most.