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

**Complete beginners are most likely to crash and burn**—buying coins that surge wildly based on luck, only to lose everything when they try to cash out. Going all-in, chasing gains, panic selling, operating with full positions—these reckless tactics show they have no concept of position management or setting take-profit and stop-loss levels. 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-scale investors is the most realistic**—holding a few thousand U.S. dollars and aiming for millions in returns, everyone has this ambition. Indeed, some in the crypto world have turned a few thousand dollars into a million, but honestly, that mostly relies on high-risk ventures like the primary market and derivatives. Trying to achieve 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 shattered mindset simply can’t go far**—pretending to know when you don’t is one thing, but the real problem is when losing a little money causes a mental breakdown, leading to constant sighs and complaints. These people are basically doomed to fail at making money because once their mindset is off, 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 explosive risks**—never touching mainstream coins like BTC, ETH, BNB, and focusing solely on altcoins is essentially gambling. Altcoins can rise quickly, no doubt, but they can also crash 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 just lead to delisting notices from exchanges. The secret to long-term survival in crypto is stability.
The crypto market is a game of survival of the fittest. To live longer and go further, you must keep learning and stay in sync with market changes. Knowledge and mindset are the true moat.