Many people ask me, what is the secret to making money in the crypto world? My answer might disappoint you — it’s not about advanced indicators or insider information, but about whether you can control yourself.

I’ve met many traders who started with small funds and grew their assets over time. They share a notable trait: a calm mindset. From ten thousand to tens of millions, this veteran once said: "There are no gods in the crypto world, only people who can place orders bravely during crashes and resist the urge to over-leverage during surges." Conversely, those who end up losing everything and leaving the market are almost always defeated by their own emotions.

Why is that? The crypto market operates 365 days a year without trading halts, and there are no limits on daily fluctuations — thousands of dollars can be gained or lost every day. Trying to precisely catch the short-term top or bottom? Unrealistic. Policy changes, breaking news, big players’ moves, market enthusiasm, technological developments, black swan events… there are too many variables influencing prices. I also used to be obsessed with technical analysis, but even the most perfect candlestick charts can’t compete with a shocking news story. The chaos of the market is a mandatory lesson.

True experts are not those with extraordinary prediction skills, but those who can stay clear-headed when the market goes crazy.

The most common psychological killer is FOMO (Fear of Missing Out). When you see a coin suddenly surge or overwhelming discussions on social media, you can’t resist throwing money in, often buying at the high. In 2021, during the boom of the GameFi concept, many people greedily held on without taking profits, ending up trapped. This chasing and panic selling emotion is a common flaw among retail investors in the crypto space.

To survive longer and earn steadily, the first step is to admit the market’s uncertainty — don’t fool yourself into thinking you can predict everything. The second step is to recognize your psychological weaknesses: FOMO, luck-based thinking, revenge mentality — each of these can lead you to make stupid decisions at critical moments.