Retail investors actually have advantages — they can enter a new market earlier or hold long-term without being affected by short-term fluctuations.

In contrast, institutions and quantitative funds are constrained by performance pressure, with daily, weekly, and quarterly performance requirements, and most of the time can only operate around the rise and fall of Bitcoin.

But the problem is that most retail investors cannot hold on. Not because of ability, but because of unstable emotions.

On one hand, they panic with just a slight market shake from the whales, unable to hold onto their coins;

on the other hand, they are afraid to step out of their cognitive comfort zone, always lagging in new areas.

Both of these emotions can cause people to miss out on truly opportunistic phases.

Ultimately, if you want to make big money in the crypto world, either you need to be early, or you need to be able to hold. Ideally, you should have both.

The reality is that most retail investors do not have information advantages or speed advantages. Often, they are only awakened by the roar of the 'train' after the market has already risen significantly, rushing in and becoming part of the herd.

Therefore, for us ordinary people, trying to 'win' against the entire market through frequent short-term trading is almost a futile effort against professional teams. Even if you are very smart, even if you perform well in the short term, over the long term, you are easily brought back to the average.

The less advantage you have, the more you have to rely on time to gain an edge. Early positioning and holding steadily often yields better results than rushing in and out, resulting in more stability.