Why do most people fail to make money in the crypto market?
Ordinary investors are often at a disadvantage in the cryptocurrency market for the following reasons:
1️⃣ YouTubers or influencers promote a certain project on Twitter, and the price starts to rise;
2️⃣ The token enters the top 100 on CoinGecko, attracting more attention;
3️⃣ KOLs, venture capitalists, or early investors start selling during the rise;
4️⃣ The project becomes "well-known," and ordinary investors start buying in;
5️⃣ Retail investors buy and push the price up, but the increase is limited;
6️⃣ KOLs, VCs, etc., sell all their holdings;
7️⃣ The token price crashes (usually while you are asleep), and you are forced to sell at a loss.
Understanding this pattern can help you avoid becoming a "bag holder."