I just remembered an old lesson from Buddhism about the five poisons of the mind, and I realize it applies perfectly to this crypto market.



It's not a coincidence, but in fact, many traders fail because they are influenced by greed, anger, ignorance, arrogance, and doubt. I see this most clearly during the bull market phase, when prices are rising, and people are easily driven by greed, losing their rationality, fearing missing the peak, and constantly going "all in." That’s the first mistake.

Then, when the market corrects, the anger (rage) resurges. I've seen many people curse analysts, panic sell, and then regret afterward. Especially in the early and middle stages of a bull run, this behavior is very dangerous.

Regarding ignorance, I notice many friends refuse to learn or research the projects they are about to invest in, just following the crowd. Arrogance (pride) is similar, looking down on others, thinking they are smarter than the market.

But the hardest one is doubt. When the market is unclear and indecisive, traders are easily influenced by psychology, wanting to enter but also afraid, ultimately missing opportunities.

I think if you want to survive until the end of the market rally, you must recognize these five poisons and gradually eliminate them. That is the true key to this game.
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