Research on Cryptocurrency Investment Behavior and Practical Suggestions
Behavioral finance research reveals: 99.5% of retail investors cannot outperform the market benchmark, with only 0.5% able to achieve sustained profits. Major cognitive biases include: the disposition effect leading to an average loss of 50% of potential gains, confirmation bias causing trading frequency to be 5 times higher than reasonable levels, and anchoring effect resulting in numerous poor decisions. Improvement suggestions include: establishing a quantitative trading rules system, using algorithms to automatically execute stop-loss strategies, and implementing quarterly asset rebalancing. The core conclusion indicates: strict investment discipline contributes 98% of long-term returns, while technical analysis accounts for only 2%. For novice investors, it is strongly recommended to complete 8-12 months of simulated trading training before engaging in real trading.
