From profit to loss, the painful lessons in the cryptocurrency market

A few days ago, I made a bold decision to invest a portion of my savings into cryptocurrency. At first, wow, it was exhilarating, and I did make a little money. But not long after, the gains slipped away, and everything I earned was given back. Upon reflection, the issues boiled down to these points:

1. If you only have a superficial understanding of something, you might initially make some money by chance, but in the long run, you will definitely lose it back. If you're lucky, it might just be wasted effort; if you're unlucky, you could end up losing everything. Don't always think about making big money; otherwise, you might end up losing even your principal.

2. Patience is truly crucial when trading.

3. There must be rules; don't rush in because of the fear of missing out (FOMO), stay calm, and wait for the right moment to take action.