In the crypto world (or any investment market), many people "want returns as soon as they buy, and feel anxious as soon as they incur losses". This is essentially the result of the **weakness of human nature, cognitive biases, and market environment** working together. Here are the deeper reasons and coping strategies:

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### **1. Human Weaknesses: Instinct Drives Irrational Decisions**
1. **Instant Gratification Psychology**
- The human brain is inherently biased towards short-term rewards (driven by dopamine), and the 24/7 trading and high volatility in the crypto world amplify this impulse.
- **Performance**: Immediately expect a rise after buying, even fantasizing about "getting rich quickly"; once the price consolidates or falls, anxiety sets in.

2. **Loss Aversion**
- Psychological research shows that the pain of losing 10,000 yuan is far greater than the pleasure of gaining 10,000 yuan.
- **Performance**: A slight decline causes panic selling, missing out on subsequent rebounds (e.g., Bitcoin fell to $25,000 in September 2023 and quickly rebounded to $35,000).

3. **Herd Mentality (FOMO & Herd Effect)**
- Fear of missing out (FOMO) when seeing others make money, blindly chasing highs; following panic selling during a crash (like the panic during the LUNA collapse).

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### **2. Cognitive Bias: Misunderstanding Market Rules**
1. **Overestimate short-term fluctuations, underestimate long-term trends**
- Newbies often mistakenly think that "buying leads to a rise" is the norm, but in reality, Bitcoin has spent **80% of its time in consolidation or decline** throughout its history, with only 20% of the time experiencing explosive growth.

2. **Linear Thinking vs Non-linear Returns**
- Traditional thinking holds that "investment = stable output", but cryptocurrency returns are **extremely nonlinear**.
- **Example**: Bitcoin was in a long-term sideways movement from 2018 to 2020, but it surged 5 times in 2021.

3. **Confusing Investment with Gambling**
- Many people buy coins with a "gamble" mentality instead of analyzing the fundamentals (such as on-chain data, supply and demand models), leading to emotions being completely hijacked by prices.

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### **3. Market Environment: The "Amplifier Effect" in the Crypto World**
1. **24/7 Trading + High Leverage**
- Continuous trading keeps people constantly monitoring the market, while leverage amplifies profit and loss fluctuations, accelerating mental breakdowns (such as contract liquidation).

2. **Information Overload and Noise**
- Social media, KOLs, and rumors create anxiety, for example: "If you don't buy now, you'll miss the bull market!" or "Run quickly, it's a disaster!"

3. **Narrative Driven (Meme Coin, Short-term Hotspots)**
- The market is temporarily chasing concepts (such as AI, blockchain games), attracting speculators to chase highs and sell lows, while ignoring long-term value.

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### Fourth, how to overcome? Anti-Humanity Training**
#### **1. Reshaping Cognition: Understanding the Essence of the Market**
- **Rule 1**: The market will not rise because of your "expectations"; returns require a waiting period.
- **Rule 2**: Losses are a necessary process, even Buffett's investment portfolio often has floating losses of 20% or more.

#### **2. Establish hard rules to combat emotions**
- **Strategy**：
- Invest your spare money to avoid stress affecting your judgment.
- Write a trading plan in advance (e.g., "If Bitcoin falls below $25,000, increase position by 10%"), and strictly follow it.
- **Tools**：
- Regular investment (fixed amount at regular intervals) alleviates timing anxiety.
- Turn off leverage to reduce account volatility.

#### **3. Psychological Desensitization Exercises**
- **Method**：
- Intentionally making small purchases and enduring floating losses to train resilience.
- Review historical data (e.g., Bitcoin bear market dropped 80% but eventually reached a new high).
- **Mnemonic**：
- "A sharp decline is an opportunity to buy at a discount, while a sharp rise is a reward for patience."

#### **4. Information Filtering**
- Filter out short-term noise (such as exchange contract data, Twitter signals), focus on on-chain indicators (such as long-term holders' holdings, net outflows from exchanges).

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### **5. Comparison of Typical Cases**
| **Beginner Behavior** | **Anti-Human Actions** |
|--------------|----------------|
| FOMO chasing after a surge | Take profit in batches and keep cash for a pullback |
| Panic selling after a crash | Check the fundamentals and invest on dips |
| Monitor the market 10 times a day | Check the price only once a week, focus on long-term indicators |

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### **Summary**
The crypto world is a "trial ground for human nature", and the essence of anxiety is **the fear of uncertainty**. The solution lies in:
1. **Replace emotions with rules** (such as dollar-cost averaging, stop-loss discipline);
2. **Exchanging time for space** (waiting for cycles instead of pursuing quick wins);
3. **Use cognition to counter noise** (Understand the essence of the market).

Remember: **the market always rewards a few contrarians**, while most people lose due to mindset rather than technique.