#数字资产市场动态 From a complete loss to gradual profitability, I’ve summarized three painful lessons
**Using the right money is crucial** Initially losing money, nine out of ten people are gambling with living expenses or mortgage funds. Once the market plunges, these traders are most likely to panic and cut their losses hastily, often getting locked in at a low point. The traders who truly survive are those who use spare funds—only then can they stay calm and make rational judgments during extreme market conditions, rather than being forced to sell in a panic.
**No negotiation on take-profit and stop-loss** Greed is a big taboo when making money. Many people see their gains and want to wait for more, only for the market to reverse within an hour and wipe out most of the profit. Similarly, holding on stubbornly during losses is even more dangerous—pre-set your stop-loss level, and exit decisively when it’s hit. The difference between a small loss and a liquidation often lies in this decision. When mainstream coins like $BTC and $ETH experience terrifying drops, a stop-loss order is your last line of defense to protect your principal.
**Don’t touch unfamiliar projects, no matter how tempting** The most common phenomenon in crypto is FOMO created by community pump calls. Coins whose whitepapers haven’t been read or whose logic isn’t understood should be avoided even if they surge. Many newcomers focus on quick gains, but those recommending such projects are already eyeing your principal. Coins like $BNB, which have solid fundamentals, still require in-depth understanding, let alone obscure small tokens with no clear purpose.
The threshold for entering the crypto market isn’t high; what’s high is the probability of survival. Going from massive losses to steady gains is a continuous process of shedding illusions and returning to common sense.
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.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
GateUser-c802f0e8
· 8h ago
Really, the first one hits the hardest. The guy I know took out a mortgage to trade crypto, and after a wave of decline, he completely broke down mentally. Now he has to think for a long time before withdrawing coins.
View OriginalReply0
AlgoAlchemist
· 8h ago
It's the same story again. Saying take profit and stop loss is easy, but when the market really takes off, who can resist?
View OriginalReply0
0xTherapist
· 9h ago
That's right, using living expenses to play with coins is indeed suicidal. The guy I know personally did just that—using his mortgage money to invest, and when it dropped 20%, he completely lost his mind. He's still regretting it now.
View OriginalReply0
AirdropHunter
· 9h ago
That's too true. Using living expenses to trade cryptocurrencies is just asking for death. I've seen too many people get wrecked and doubt their lives.
View OriginalReply0
VitaliksTwin
· 9h ago
That really hits home. Back then, I was so reckless with my living expenses and playing with crypto that I was truly out of my mind. Every dip would scare me into cutting my losses. Looking back now, I realize how clueless I was.
#数字资产市场动态 From a complete loss to gradual profitability, I’ve summarized three painful lessons
**Using the right money is crucial**
Initially losing money, nine out of ten people are gambling with living expenses or mortgage funds. Once the market plunges, these traders are most likely to panic and cut their losses hastily, often getting locked in at a low point. The traders who truly survive are those who use spare funds—only then can they stay calm and make rational judgments during extreme market conditions, rather than being forced to sell in a panic.
**No negotiation on take-profit and stop-loss**
Greed is a big taboo when making money. Many people see their gains and want to wait for more, only for the market to reverse within an hour and wipe out most of the profit. Similarly, holding on stubbornly during losses is even more dangerous—pre-set your stop-loss level, and exit decisively when it’s hit. The difference between a small loss and a liquidation often lies in this decision. When mainstream coins like $BTC and $ETH experience terrifying drops, a stop-loss order is your last line of defense to protect your principal.
**Don’t touch unfamiliar projects, no matter how tempting**
The most common phenomenon in crypto is FOMO created by community pump calls. Coins whose whitepapers haven’t been read or whose logic isn’t understood should be avoided even if they surge. Many newcomers focus on quick gains, but those recommending such projects are already eyeing your principal. Coins like $BNB, which have solid fundamentals, still require in-depth understanding, let alone obscure small tokens with no clear purpose.
The threshold for entering the crypto market isn’t high; what’s high is the probability of survival. Going from massive losses to steady gains is a continuous process of shedding illusions and returning to common sense.