1. Are you the 'sucker'?
To put it bluntly, the crypto space is a battlefield for harvesting the inexperienced; when you buy, you might be catching the tail end of the dealer's washout, or you become the last person to carry the load.
• Candlestick Scam: Many coins' candlestick charts are artificially drawn. The dealer lures the buyers, then cashes out at a high position. When you charge in with confidence, they have already slipped away.
• Market Sentiment Trap: When good news hits the news, you rush to buy, but in fact, the dealer set up weeks ago, waiting for you to take over.
2. Mindset Issues: Afraid to buy when it rises, afraid to sell when it drops.
Many times, it's our mindset being led by the market, and as a result, we dig our own graves.
• FOMO Psychology: Seeing the coin surge, you can't help but FOMO (Fear Of Missing Out) and rush in. Unfortunately, this is usually when it has already reached a temporary high.
• Panic Selling: Just after buying, if the price drops slightly, you start to panic, feeling like you've made a bad buy, and hurriedly stop your losses. After you sell, the price immediately rises, and you become a 'contributor' to the market's movement.
In fact, the dealer uses your emotions to set the trap; you chase the rise and fall, and they make a fortune.
3. The dealer's schemes are deep.
The crypto space is a high-leverage, low-regulation market, and the tricks the dealers play are beyond your imagination.
• Washing: First, suppress the price to make retail investors sell at a loss, buy at a low price, and then pump it up.
• Reverse Trading: When everyone thinks it's going to rise, he dumps it; when you all think it has hit the bottom, he buys back and drives it up.
You think you are part of the market, but in the eyes of the dealer, you are just a pawn, coming in and out contributing to their fees and liquidity.
4. Solutions: Make yourself 'smarter'.
Bro, don't be discouraged. Learn from your losses; let's summarize some operational tips:
1. Don't chase the rise and fall: Especially with coins that surge, take a few days to observe calmly, and don't blindly follow.
2. Make a plan and operate in batches: Don't bet all your positions at once; enter in batches to lower your costs.
3. Learn to go against human nature: When most people are panicking in the market, have the courage to pick up chips; when the market is crazy, you should calmly withdraw.
4. Focus on fundamentals and timing: Understand whether the project is a dealer's game; for long-term holding, choose valuable coins with a good team, don't just rely on gambling.
You will always find the next opportunity!
Bro, don't be too sad. Losing this time is just tuition. The market always has the next opportunity, but money made by luck is often lost by skill. Next time, be patient and maintain your mindset; don't let emotions control you! Most people in the crypto space have stumbled through like this.
Remember one thing: what you earn is your life, and what you lose is tuition; as long as you are still here, this game isn't over!