Want to turn a 100x dream into reality? You need to double nearly 10 times in a row. But what is reality? 99% of people get wiped out on the third correction.

I am deeply impressed by this number because I am that person who couldn’t sleep all night when the account still had 10,000 yuan left. At that time, I wasn’t thinking about where the next hundredfold coin was, but repeatedly asking myself: why do those who talk about technical analysis and candlestick patterns all day end up losing everything in the end?

It took me a while to realize — technical analysis, to put it simply, is just a cover. What truly determines life and death are mindset and survival skills. In the crypto world, most people who can’t survive are not because they don’t understand charts, but because greed takes over, always thinking they can go all-in and achieve financial freedom instantly.

**Trap Identification: Most people's death is quite similar**

The biggest scam in the crypto world is the phrase "get rich quickly." The first time I used leverage, I lost several thousand dollars within minutes. That moment made me truly understand — high returns come with high risks, and high risks love to punish greedy people.

In the entire cryptocurrency market, retail investors are always at a disadvantage. The phenomenon you see is: a YouTuber or influencer starts promoting a certain token, and the price begins to stir; the token enters the top 100 rankings, attracting more retail investors; then KOLs, venture capitalists, and early entrants start dumping; finally, the token crashes, and ordinary investors are forced to cut losses.

This cycle repeats over and over, but someone always jumps in.

Leverage trading is even more of a disaster zone. The data is clear — over 80% of accounts wiped out by leverage are caused by blindly increasing leverage during market volatility. They didn’t lose because of mispredictions, but because of emotions.