#比特币与黄金战争 Who suffers the biggest losses in the crypto asset market?

Many people would say—it's definitely the newbies who just entered the market.

But those who have truly experienced falls in this market understand that the situation is often the other way around.

The ones who lose the most are actually those "old hands" who think they've already got it all figured out.

They’re not clueless about technical analysis, but they are too superstitious about their own limited experience. After watching a bunch of candlestick charts and making a few swing trades, they believe they've mastered the market’s rhythm, then start increasing their positions and becoming more reckless. What happens next? When the market suddenly changes face, with a rapid correction, their accounts get wiped out in an instant.

Even more frightening is their psychological reaction. Instead of calmly reviewing what went wrong after a loss, they become more and more unwilling to accept it. "Make a few more trades to recover the money"—once this thought arises, they start trading frequently, relying on gut feelings, completely ignoring their plan. It’s like falling into a pit—struggling harder to climb up only makes it worse.

On the other hand, those who truly understand how to play the game seem quite Zen. They are well aware of the dangers of this market, and even after making some profits, they don’t get cocky. They reduce their positions when needed, stay on the sidelines when appropriate, always prioritizing "living long enough."

A piece of advice for friends new to the crypto world: don’t rush to prove how awesome you are. Use small funds to practice, gradually get used to the market’s temperament; if you lose, so be it—consider it tuition, analyze what went wrong carefully; and next time, don’t repeat the same mistakes.

Opportunities in the crypto market are always there, and the window to make money will never close. The only prerequisite is that you are still in the game. Remember this—more than anything else.