This line creates myths of getting rich every minute, but the number of people who actually survive is pitifully low.



"Sold again" and "This coin will definitely go to the moon" and "Give me one more chance to go all in"—these phrases echo through the streets and alleys of the crypto world. I've seen accounts of influencers with millions of followers wiped out and quietly leaving the scene, and I've seen countless late nights where someone stares at the K-line with red eyes, refreshing their account every few seconds, praying for a miracle. They are not lacking in intelligence, just a couple of words: patience.

A student's experience last year left a deep impression on me - 500,000 yuan, on a hot cryptocurrency, halved in three to five days. When they asked me what to do, I simply replied: first learn not to lose, then think about how to earn.

**The Most Distorted Truth in the Crypto World**

The more urgent you are, the more money you lose. This is not a motivational quote. When a coin goes from a small circle to a large group, and when the search popularity reaches a historical high, do you think that’s the starting point? In fact, that’s the end.

FOMO (Fear of Missing Out) is the fastest knife for harvesting retail investors. The data is clear: after a certain cryptocurrency's social heat index reaches an extreme value, the return on investment in the following 7-30 days is usually negative. Why? Because potential buyers have all entered the market, and no one is left to continue pushing the price higher; what remains is only selling and panic selling.

The iron rule I discovered on my own: once any asset's unrealized gains exceed 50%, the probability of a pullback of more than 15% within the next 30 days is as high as 54%. Therefore, I won't be greedy for the last penny.

The real winner is not the one who runs the fastest, but the one who lives the longest.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
EternalMinervip
· 12-23 00:49
What you said is not wrong, but after listening for so many years, there are still people who go all in; it's really hard to hold on.
View OriginalReply0
PanicSellervip
· 12-23 00:42
You are absolutely right. I've seen too many people with red eyes, as if they were sleepwalking, holding their entire position. It's never about how much you earn, but whether you can survive a few rounds of pullbacks.
View OriginalReply0
POAPlectionistvip
· 12-23 00:37
In simple terms, it's a gambler's mentality; who doesn't want to get rich overnight, but the odds are there. I've heard this so many times that my ears are calloused, yet there are still people rushing in. 500,000 disappeared in just a few days, I feel sorry for him, really. Living longer is the real win, this statement hits home. It's another play people for suckers routine, a familiar formula. Fear of missing out (FOMO) drives people crazy, that's how I lost money. Not being greedy for the last penny? Ha, that's easier said than done. There are too many people staring at the market late at night, their eyes are red but they still can't bear to sell. First learn not to lose before thinking about making money, this guy is right. When the social hype peaks, it's time to run, but most people rush in instead.
View OriginalReply0
TokenomicsDetectivevip
· 12-23 00:26
Well said, this is much more reliable than those celebrities who only shout about the rise. Once again, I saw someone go all in and then go bankrupt, that's enough. 500,000 disappeared in three to five days, and still asking what to do? If you can't learn to stop loss, then don't play, bro. I don't even look at those coins that are trending, history has proven it too many times. Rather than chasing wealth, it's better to survive first, this sentence is worth reading repeatedly. Human nature is greedy, so 99% are suckers. I'm now operating according to the logic of taking profit at 50%, although the earnings are small, it feels much more stable. Really, those who have money in the crypto world are the ones who are just surviving, while those whose accounts are zeroed are the ones who are rushing.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)