In the cryptocurrency field, some investors always seem to fall into the curse of losses. Regardless of market fluctuations, they repeatedly step into the same traps. If you are preparing to enter the market or are already deeply involved, it might be worth comparing yourself to the following four typical groups of loss-makers to see if you are repeating past mistakes. Remember: the dangers of this market far exceed the understanding of newcomers!
First Type: Reckless Newcomers#
Core Characteristics: All-in betting, emotional trading, zero risk control awareness.
Newcomers often rely on luck to capture "tenfold coins," but they always end up giving back profits due to insufficient understanding. They are keen on single-coin bets, fantasizing about getting rich, lacking both position allocation knowledge and stop-loss concepts. Blindly chasing highs in a bull market and panicking to cut losses in a bear market, this trading model is doomed to face losses. The harsh truth for newcomers in the cryptocurrency market is that those who follow the crowd without basic understanding will ultimately become fodder for the market.
Advice for newcomers: Practice with a demo account for three months and systematically learn trading knowledge. The complexity of this market far exceeds the superficial "buy high, sell low." Without a risk management system, losing your entire account is just a matter of time.
Second Type: Gambler-type Retail Investors#
Core Characteristics: Fantasizing about turning a few thousand dollars into millions, misaligned track selection.
Holding three to five thousand USDT and dreaming of financial freedom? While such myths do exist in the crypto world, they are mostly found in the primary market or contract leverage fields. Achieving hundredfold returns in the secondary market is as unlikely as winning the lottery. High returns inevitably come with deadly risks, and most retail investors blindly fight in the contract market, ultimately losing everything.
Advice for retail investors: If you want to gamble small to gain big, be prepared for the possibility of losing your principal. A more prudent approach is to choose potential tracks and exchange time for space. Remember: wealth does not come from rushing; a steady strategy is the way for retail investors to survive.
Third Type: Cognitive Infants#
Core Characteristics: Hand-out mentality, reliance on others for decision-making.
These investors are like industry infants, lacking independent judgment and needing others to "feed" them for every operation. They refuse to learn market rules, fantasizing about continuously profiting through free consultations. The harsh reality is: there are no philanthropists in the crypto world, and free advice often hides the most expensive traps.
Growth advice: Establishing a personal cognitive system is a must. This information-overloaded market is filled with true and false news; lacking discernment will ultimately lead to being taken advantage of. Remember: investing is the process of realizing cognition; an infantile mindset is destined to be eliminated.
Fourth Type: Altcoin Obsessives#
Core Characteristics: Superstitious about small coins, rejecting mainstream assets.
These investors are obsessed with the fantasy of "getting rich from low-priced coins," ignoring the zero-risk of altcoins. While some meme coins may see astonishing short-term gains, their plummeting speed is equally suffocating. In contrast, mainstream assets like Bitcoin (BTC) and Ethereum (ETH), although experiencing slower growth, possess stronger risk resistance.
Investment maxim: Slow is fast. Properly allocate mainstream assets and appropriately mix in potential altcoins for long-term survival. Especially during bear market cycles, timely reallocating to quality assets can effectively avoid the risk of total loss.
Ultimate Question: Who Can Survive Long-term in the Crypto World?#
This market undergoes brutal eliminations every day. Only investors who master risk management, establish an investment system, and maintain a learning evolution can navigate through bull and bear cycles. Remember: all successful individuals have undergone multiple rounds of market trials; survival is never based on luck.
To every market participant
The cryptocurrency market has a low entry threshold but a high elimination rate; it is both a wealth opportunity and a test of human nature. To escape the fate of being a "retail investor," one must complete the cognitive upgrade from speculation to investment. Observe more and act less, respect the market, and only then can you grasp real opportunities amidst volatility.
OKX Activities This Month#
New users registering on OKX this month can receive blind boxes or Dogecoin gift packs. You can register directly in China: Click here –> Go to the official website to register an OKX account; some regions may require a VPN or alternative link
Further Reading#
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