After years of navigating the crypto world, you'll notice an interesting phenomenon: some people make a fortune, while others lose money year after year. Ultimately, failures often fall into the same traps.

Today, let's analyze the four most common types of people who lose money in the crypto space.

**Pure Newbie Players** are the first victims. They buy a coin that doubles in value by luck once, then use their entire IQ for the rest of their lives to give the profits back—this is a classic script in the crypto world. Their favorite activities are all-in bets, chasing rallies, and panic selling, with position management essentially nonexistent, and take-profit and stop-loss commands are like alien languages. They always go all-in, then exit all-in, tears streaming down their face. Honestly, rather than rushing to trade, beginners should observe quietly, accumulate experience, and only enter the market once they truly understand it.

**Small Capital, Big Dreams Players** are even more tragic. They hold a few thousand U.S. dollars and dream of turning it into a million-dollar fortune. Indeed, there are a few legendary stories in crypto, but most of these rely on insider information from the primary market or leverage in derivatives to become wealthy. Trying to earn high multiples in the secondary market? As difficult as climbing to the sky. Forcing into derivatives or diving into the primary market? The risk is off the charts, and only a tiny fraction survive. Instead of being tempted by fantasies of sudden wealth, it’s better to think calmly, observe more, and take fewer risks.

**Crypto Baby** is a category of their own. They have only partial understanding but pretend to be experts. Their favorite activity is waiting for others to pick coins or send them codes. When their account loses a little, they complain for half a day and their mentality explodes; when they make a small profit, they cash out early, never waiting for compound interest to show its power. These people are doomed to never achieve long-term profitability because their mindset isn’t well developed—mindset is the foundation of investing. If the foundation collapses, all efforts are in vain.

**Stubborn Altcoin Enthusiasts** are the last to appear. They ignore mainstream coins like $BTC, $ETH, and $BNB, and their entire account is filled with altcoins. The problem is: Bitcoin’s gains aren’t that exaggerated, but it’s stable; altcoins may surge quickly at first, but when they fall, they can make you regret everything, and what you might get in the end isn’t a double but a delisting notice from the exchange. The secret to surviving in crypto is two words: stability. Only by staying steady can you go further.

This circle has always been a arena where only the fittest survive—there are no shortcuts, no cheat codes. To stand firm here, you must constantly upgrade your knowledge and keep up with market trends to adjust your strategies. Don’t fall into these traps; first learn to survive, then talk about making money.

Markets fluctuate daily. Protect your principal and your original intention, so when the next cycle arrives, you can stand firm.