I just realized that those who fail in this market often fall into the same psychological traps. They relate to the five things that people call greed, anger, ignorance, attachment, and doubt in Buddhism, but in reality, they are the five "poisons" when investing in crypto.

Starting with doubt. Doubt and indecision are the main culprits that cause people to miss opportunities. I see many people holding coins for only a few weeks before becoming anxious, afraid of everything they read, and ultimately panic selling at the lowest prices. That’s doubt.

Then comes greed. When the market starts to rise, people don’t know when to stop; they want to chase the peak, afraid of missing out on everything. This "fear of loss" mindset causes them to buy into things they don’t understand, which eventually evaporates.

But the most dangerous is anger. When people incur losses, they become furious, impulsively cut losses, curse analysts, and then give up in frustration. Especially in the early and middle stages of a bull market, this anger is a taboo.

Ignorance is simply not learning. I meet many people who enter crypto but never do any research, never read whitepapers, don’t understand the technology, and just follow whatever others say. That’s ignorance.

Finally, there’s arrogance. When they make some profit, people start to look down on others, claim they are the best, and refuse to listen to anyone. Then a sudden crash wipes out everything they’ve gained.

Understanding what greed, anger, ignorance, attachment, and doubt are, and how they influence your decisions, is the only way to have a chance to survive until the end of the market. That’s what I’ve learned after many years in crypto.