Having been in the crypto space for so long, some people are increasingly struggling, while others are gradually on the path to financial freedom. This actually reflects three completely different states of survival.

The first type is those who are directly wiped out by the market.

They always think about quick turnaround, leverage, chasing hot trends, or even borrowing money to enter the market. But everyone knows how fierce the volatility in the crypto market can be; a deep correction can wipe out high-leverage accounts. Plus, pitfalls like project failures, private key mishandling, and online scams—any one of these can lead to immediate exit.

The second type is those who truly make money.

Their approach seems simple: they allocate mainly to mainstream assets for the long term, buy when they have spare funds, and hold. They are not swayed by daily ups and downs, more like doing asset allocation rather than daily speculation. The key is heavy positions combined with time—sounds simple, but few people can stick with it.

The third type is the people you see everywhere: extremely busy, but with limited returns.

They research projects, farm airdrops, swing trade—never idle. But they never dare to hold large positions, so their returns are naturally limited. Some try to avoid every dip, but end up frequently stopping losses, missing out on the real big market moves.

Besides trading strategies, there's a very crucial factor—personality.

The essence of investing is inherently against human nature, yet many still can't resist the temptation to chase gains and sell losses. Impulsively entering at high prices, panicking and exiting at lows, rushing to lock in profits at the slightest gain—always missing the core part of the market trend.

Overall, in investing, character and discipline often outweigh intelligence. Refining your mindset slowly is the way to go further and steadier.