Why do 99% of people in the cryptocurrency world fail to make money?

When everyone enters the cryptocurrency world, their initial thought is to make money, but the reality is that most people end up failing. Why? Because there are three core reasons.

Reason One: Being Driven by Emotions

Humans are easily influenced by emotions, and emotional decision-making often leads us to make big mistakes in the cryptocurrency world.

Fear: When seeing the market drop, we panic, worry about expanding losses, and even question our existence.

Regret: When the account starts losing money, we can't sleep well at night, hating ourselves for buying in, feeling hopeless.

Complacency: Occasionally making some money leads us to believe we are geniuses, that luck is on our side, and that we'll soon get rich.

These emotions cloud our judgment; in reality, fluctuations in the market are normal, and short-term ups and downs do not determine long-term results. However, we tend to overthink, exaggerating losses and considering profits as a reflection of our abilities, easily swayed by emotions in the end.

Reason Two: Only Looking at Surface Phenomena

Many people in the cryptocurrency world focus only on surface-level things, such as price fluctuations or various news online. These may seem lively but are actually useless.

For example, the market is like a shadow play. If you only look at the shadows on the front curtain, you will never know what the people behind the scenes are planning next. Only by going behind the scenes, understanding the puppet master and their intentions, can you truly see the whole picture.

Here, the "curtain" represents the market, and the "puppet master" represents price fluctuations. To make money, you shouldn't simply follow the price but should understand the broader direction to avoid wasting time and capital.

Reason Three: Influence of Environment

The cryptocurrency world is a place that can easily lead people to lose their sense of self. You will find that it amplifies human greed, anger, fear, ignorance, and arrogance.

Many people change to become like their surroundings after entering the cryptocurrency world:

They only think about making quick money, completely ignoring risks.

After buying coins, they fantasize about immediate surges, disregarding logic and fundamentals.

They hope others will provide free answers while being unwilling to spend time learning.

These thoughts are essentially a result of environmental assimilation. We should understand that the cryptocurrency world, like the real world, requires time, effort, serious learning, and experience accumulation to succeed, not just relying on speculation.