Many newcomers enter the crypto world, always thinking this is a place where you can make money through cognition and execution. But honestly, the crypto space only gives newcomers one truth—you're not here to make money; you're here to pay tuition.

Look at yourself. You only realize a coin exists when the price surges. You get moved by a phrase like "about to take off" and go all in. You make a little profit and then start adding to your position or even using leverage. You think you're seizing an opportunity, but in reality, you're just taking over the positions of those at the high. The most terrifying thing in the crypto world isn't outright fraud; it's that it makes you willingly hand over your wallet.

A second common phenomenon—losses are often not due to poor trading skills but because greed takes over. You hesitate to take profits when prices rise, and when prices fall, you refuse to cut losses, convincing yourself it's just a correction. This isn't trading; it's gambling. Greed will never remind you to stop when you're profitable; it only shows up after you've lost everything.

There's also a joke called "long-term investor." Most people are actually trapped. They hold short-term positions as mid-term, and mid-term as long-term, until they no longer dare to look at the project's progress. What is true long-term investing? It's being willing to keep building positions at any time, not waking up every day and staring at the candlestick charts first thing. Refusing to admit mistakes only makes losses look more "respectable."

Why do you always buy at the high? Because you believe in the illusion that "everyone is making money." The group is full of screenshots, opinion leaders keep shouting buy signals, and you're afraid of missing out, but you forget basic thinking. When the market is filled with voices of making money, it's usually the start of large-scale capitulation.

The last and most painful point—many people are not really trading; they are seeking psychological satisfaction. Once you tie your self-worth to your account's profit and loss, the market will finally show you with a settlement slip who the real weakling is.