Once you understand these, you can avoid 99% of the pitfalls and save yourself a lot of trouble!
First type: complete novices, just testing their luck.
These kinds of people come in and crazily use 100x contracts; after earning a little, they start going all in, and in the end, there's nothing left. They don't understand position management or take-profit and stop-loss strategies at all, always operating at full margin, forever full of passion, and even in a somewhat 'tearful' state, feeling like they're about to soar to great heights. After a small profit, they think they are the chosen ones, but in the end, almost all of them will lose everything.
Suggestion: For beginners, the cryptocurrency market is really not suitable for easy involvement, especially in the contract market. Without basic risk control ability, jumping in directly is betting with your own capital.
Second category: Small capital players, dreaming of getting rich overnight.
Many people believe that a few thousand USDT can turn into millions. Although such stories occasionally happen, most of the time, opportunities for big profits tend to occur in the primary market and contract market. Small capital players find it very difficult to achieve explosive returns by choosing the secondary market.
The harsh reality: Small capital players face greater risks; choosing the wrong track makes it difficult to turn things around. The high returns of contracts and the primary market come with extremely high risks, and very few people can make money from these areas.
The best strategy is to observe more and act less, and not to blindly pursue high profits.
Third category: 'Giant babies' in the crypto world, always needing to be fed.
Such individuals understand nothing and need others to 'feed' them, and even parents will only support them until a certain age. They like the approach of 'lying flat and testing the waters' without having any deep understanding.
Poor mindset: For such individuals, making a little profit and losing a little causes anxiety, feeling that the market is unfair. Such people will never go far.
Without a good mindset, everything is destined to be empty talk. The crypto world is not a place where you can rely on others unless you really want to depend on being 'fed' forever; it is better to maintain independent thinking and judgment.
Fourth category: Stubborn type, firmly believing that altcoins are the future.
These people stubbornly hold onto altcoins without considering mainstream coins like $BTC $ETH $SOL BNB. They think these coins are expensive and have no growth, believing that cheap altcoins are the opportunity to make big money. Indeed, altcoins can have large increases, but their risks are also extremely high, and when they fall, it can be much worse.
Reality: Although Bitcoin is expensive and its growth is slow, compared to altcoins, it has lower volatility and stronger risk resistance. Many who stubbornly hold onto altcoins may end up waiting for announcements of delisting from exchanges. Not every altcoin can appreciate steadily like Bitcoin.
Summary:
The true essence of the crypto world is not getting rich overnight, but making steady progress and accumulating gradually. Especially for beginners, one should not blindly pursue short-term profits and should avoid the mentality of wanting to achieve everything at once. Those who can truly make money are often those who have accumulated enough experience, remain calm, dare to simplify, and focus on stable operations.
Don't always think that one coin can turn your fortunes around. It's more important to gain experience through practice, first earning wealth within your understanding, and then broadening your horizons to challenge higher levels. By continuously accumulating knowledge, you can better manage your future wealth.
Therefore, do not let greed control you. Make steady progress, start with the basics, take each step carefully, gradually accumulate, and success will come closer to you.
