Many people think that investing in the cryptocurrency world is simple.

You put in 10,000 yuan, don’t pay attention, and after ten years, it finally rises to one million to sell.

However, the reality of the cryptocurrency world is like this.

You enter with 10,000 yuan, and the next day it turns into 5,000. At night, you toss and turn, unable to sleep.

Every deep night after that, when you wake up needing to use the bathroom, you will open the app to check the market.

After a year of hard work, the price fluctuates between 1,000 and 6,000. You are exhausted and make a firm decision: if it can rise to 9,000, you will cut your losses and exit.

However, when the bull market comes, your coins rise to 8,500. You recall several ups and downs from the past and think it will definitely pull back to 6,000, so you sell at 8,500, preparing to buy again during the pullback.

You certainly made a profit, but this time, the market didn’t return to 6,000. On the contrary, you think that if you don’t get back in, you might miss the opportunity, so you chase it from 8,500 to 9,000, your position returns, but you have fewer coins.

Then, it pulls back from 9,000 to 7,000, and you waver again. Watching it rise all the way to 12,000, you finally make a profit. When you calculate the annualized profit, it’s 20%, and you comfort yourself: this is also a good investment!

This is the true portrayal of a novice: going all in, fully invested, cutting losses, chasing highs and selling lows, constantly toiling.