When it comes to investing in crypto assets, these groups of people are basically destined to pay tuition:

**Complete beginners are most likely to crash and burn**—buying a coin that skyrockets by luck, only to lose everything when they try to cash out. Going all-in, chasing gains, panic selling, full positions—after this combo, they have no concept of position management or stop-loss and take-profit strategies. The result? Their accounts plummet. Friends who want to enter the space should really take their time, observe the market more, and avoid reckless operations.

**The dilemma faced by small-cap players is the most realistic**—holding a few thousand dollars and aiming for a million-dollar return, everyone has this ambition. Indeed, some people in the crypto world have turned a few thousand dollars into millions, but honestly, that’s mainly thanks to high-risk areas like the primary market and derivatives. Achieving such multipliers in the secondary market? Difficult. If you insist on risking derivatives and primary market investments, you must be mentally prepared—only a few will actually make money.

**People with a broken mindset simply can’t go far**—pretending to know when you don’t is one thing, but the real problem is losing a little money and having your mentality explode, constantly sighing and complaining. These people are basically doomed to fail at making money because once their mindset is skewed, their decision-making goes haywire. They can’t even control small gains, let alone pursue big investment dreams. That’s unrealistic.

**Those who only play altcoins face extreme risks**—never touching mainstream coins like BTC, ETH, BNB, and focusing solely on altcoins, are essentially gambling. Altcoins can rise quickly, no doubt, but they can also fall just as fast, and the risk-reward ratio is always proportional. Bitcoin’s gains may not be as crazy, but it offers stability. In the end, many altcoins end up with delisting notices from exchanges. The secret to long-term survival in crypto is stability.

The crypto market is a survival-of-the-fittest game. To live longer and go further, you must keep learning and stay in sync with market changes. Knowledge and mindset are the true moat.