People who lose big money in crypto—these kinds of people will definitely lose!

Scam-proof your risk: If you understand what I’m saying, you’ll avoid 99% of detours!

First, total newbies. They jump straight into 100x contracts. After making a little profit, they go all-in—then there’s nothing left. They “luck out” by getting positioned early in a coin that runs dozens or even hundreds of times, but after that they lose everything all the way down!

They only know how to go all-in, chase pumps and dumpers, completely don’t understand what position management or what take-profit/stop-loss is. They’re always 100% full position, always teary-eyed with excitement!

Second, small-cap players—for example, if you only have a few thousand USDT. You want to make millions! There are cases where a few thousand USDT turns into millions in crypto, but most of them are “created wealth” in the primary market and through contracts!

If a small-cap player picks the wrong track, it’s also hard to pull off a class leap. For small-cap players, you want multiple-times returns—you definitely can’t choose the secondary market! The secondary market can’t give you 100x returns. High multiples can only realistically come from the primary market and contracts!

But the risk in the same contracts and primary-market tracks is also extremely high. The ones who can make it out of these two tracks? One in ten survive—don’t do too much, just look more and act less!

Third, “crypto big babies”: people who don’t understand anything, need others to feed them, and even want you to hype it so the food is delivered right to their mouth. This group is basically not going to make money! Nobody has the patience to keep feeding you forever. Even your parents would only feed you for so many years!

Crypto big babies like the “feed-me” style—service for staying flat and doing nothing. With no healthy mindset, they only know how to complain after making or losing a little. They’re destined not to last long. If your mindset is bad, basically everything is nonsense!

Fourth, stubborn die-hards: even up to now they still hold a full hand of shitcoins, refusing to sell the shitcoins. The people who never buy mainstream coins like BTC, ETH, SOL, XRP. These people have extremely poor risk tolerance. Everyone knows BTC is expensive, and they all think shitcoins are cheap—their upside is high. But the same is true: when they fall, it gets ugly too!

Bitcoin’s price may rise more slowly and it’s more expensive, but compared with shitcoins it’s steadier. A lot of people who stubbornly hold shitcoins may end up only getting an exchange delisting announcement as what they “earned.”

To sum up: in crypto, it’s more about steady progress. Don’t always think one coin can feed you. Especially for new newbies, you should absorb experience, not just think about going all-in. First make wealth within your understanding—then you’ll be better able to manage wealth outside your current knowledge. Keep reading 老猫’s personal experience breakdowns to better master your own crypto wealth journey.