There are several types of people who will definitely lose money in the cryptocurrency space!

First, pure novices, who may have stumbled upon a coin that doubled by luck, but will later lose it all through their lack of skill! Novices only know how to go all in, and they love to chase after rising prices and panic sell, completely unaware of what position management means, or what take profit and stop loss are. They are always fully invested and always emotionally overwhelmed! (Newbie, I advise you to stay away from the cryptocurrency space; it's really easy to lose money! Watch more, do less!)

Second, small fund players, for example, if you only have a few thousand dollars! Wanting to make a million! There are those who turn a few thousand dollars into millions in the crypto space, but most of them are in the primary market and contracts! If small fund players choose the wrong track, it's also very difficult to achieve class mobility. If you want multiplied returns with a small fund, you definitely can't choose the secondary market! The secondary market cannot give you hundredfold returns! High multiples must come from the primary market and contracts!

However, the risks associated with contracts and the primary market are also extremely high; those who can make it out of these two tracks are one in ten! Watch more, do less!

Third, the giant baby in the cryptocurrency space: someone who knows nothing, needs to be fed by others, and even wants a little praise for being fed! This type is basically destined to be far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until you’re a few years old!

The giant baby in the crypto space loves to be fed and is the type that lies flat and seeks service! Without a good mindset, they can only earn a little and then complain! They are doomed not to last long! A poor mindset basically leads to all nonsense!

Fourth, stubborn people, who still hold onto a bunch of altcoins, never touching BTC, ETH, or BNB! Such people have extremely poor risk tolerance! They all know BTC is expensive, and think altcoins are cheap with higher growth potential, but the same goes for them—they can drop just as hard!

Bitcoin may rise slowly and be expensive, but it's relatively stable compared to altcoins. Many people who stubbornly hold altcoins may wait for the announcement of their delisting from exchanges! In the cryptocurrency space, slow is fast!

The crypto space is always a process of survival of the fittest, where the strong survive and the weak get eliminated! If you want to avoid being eliminated, you must make a change!