In crypto trading, every decision—from heeding risks to setting a stop-loss—is yours alone, and the responsibility is personal. The entry barrier is low enough that even those without basic market knowledge jump in, drawing lines to imaginary price targets without understanding volume, time, or price dynamics. If profit were as simple as pulling a line, we'd all be millionaires.
Yet, many traders get caught in FOMO when prices rise or panic sell at any sign of a pullback, feeding a cycle of volatility. Clickbait thrives on this, luring people who overlook fundamentals like liquidity and turnover rates. They believe crypto only moves up, but volatility and turnover drive profits, with each swing creating both opportunities and risks. The market doesn’t simply rise; it pulls back sharply, retraces, and does so again and again. A rise to a target doesn’t mean it won’t drop back significantly before reclaiming that level again.
Rather than fighting trends, it’s wiser to follow them and avoid "bottom-catching" in downturns. Common trader traps persist: clinging to the idea it’s better to be stuck in a trade than to miss out, dismissing deep declines as mere “pullbacks,” and holding out blindly. But this approach only leads from floating gains to losses, from holding on to liquidations. The reality of the market is less about constant upward movement and more about navigating its true, cyclical nature.