Trading cryptocurrencies over these past few years, I’ve seen all kinds of people losing money.

To sum up, there are only four types. See if you recognize yourself; it might help you avoid many years of detours.
First type: Faithful All-In
They go all-in right from the start, asking, “I’m confident in this.”
They make a little profit and don’t leave, thinking it can still go up. When it drops, they don’t sell, thinking they can hold it back.
In the end, they either get wiped out or go to zero.
The biggest problem with this type isn’t lack of skill, but that they don’t understand the word “risk.”
Always full position, always emotional, always on the way to break even.
Second type: Short-term Maniac
They get itchy if they don’t place a trade all day.
Buy in the morning, short in the evening, constantly flipping back and forth.
Pay a ton in fees, and their account gets smaller and smaller.
What’s the most classic move? Just sold at a loss, afraid of missing out, so they chase right back in.
Result: it drops after they chase in, rises after they sell, hitting themselves in the face repeatedly, their mentality exploding.
This person isn’t losing to the market; they’re losing to their own uncontrollable hands.
Third type: Follower
They buy whatever the group calls out, buy whatever KOLs say is good.
Never do their own research, don’t even know what the project is about.
If lucky, they get a little profit; if unlucky, they just take the hit.
The worst are those who—when they jump in, everyone’s shouting about it; when they exit, they’re the only ones left.
This person isn’t lacking opportunity; they’re lacking brains.
Fourth type: The Dead-Hold God
They don’t sell when the position goes against them.
Hold for a day, a week, a month.
Keep adding to the position, losing more and more.
Ask why they don’t sell, and they say, “I’ve lost so much already, if I hold a little longer, I’ll come back.”
In the end, they either get wiped out or despair and cut losses.
Stop-loss isn’t about giving up; it’s about preventing a small mistake from becoming a big one.
The Dead-Hold God will never understand this principle.
Honestly, I’ve been all four types.
That’s why I can sit here and tell you these things—not because I’m super skilled, but because I’ve stepped over each of these pitfalls one by one.
Just don’t step into them again. $BTC