As beginners in cryptocurrency trading, they start off very cautiously. They usually invest a little of their savings, and only after some contemplation do they dare to step into this circle.

Most of the time, they enter during a bull market, while in a bear market, beginners generally avoid it altogether.

At first, seeing their few thousand in capital grow by more than ten percent daily makes them feel ecstatic, thinking that the crypto world is simply a paradise for making money, that earning is too easy.

Thus, they begin to increase their investments, not only pouring in all their spare cash but some even go to various lending platforms to borrow money for trading.

They even think that those who use services like Huabei, Wangshang Loan, or Weili Loan are truly "wooden-headed," making only four yuan a day from ten thousand, which is too little. In the crypto world, profits increase by the thousands.

Watching their account balance grow, they become arrogant, looking down on everyone, feeling that they have found the secret to wealth, as if all the world's money is in their pockets.

Although their account balance has increased, their debts in the outside world are also piling up. However, they feel quite secure because they genuinely believe they have made a good profit; they are just not satisfied and want to dream bigger, to become millionaires or even billionaires.

But the good times don't last; the bear market arrives, and the beginners barely have time to react. When it initially drops by twenty percent, they think it's just temporary, and if they hold on, it will bounce back.

Instead, it keeps dropping harshly, and they keep waiting, hoping for a market correction.

In the end, their account balance is nearly gone, and many projects have been gradually delisted from exchanges, which essentially means those projects are finished.

With the money gone, their dreams are shattered, leaving only a pile of external debts.

They have completely become the losers of the crypto world.