Many people’s understanding of the crypto world is like this: invest 10,000 yuan, do nothing, and sell out after ten years when it reaches one million.

But in reality? It’s a completely different story.

You go all-in with 10,000 yuan, and the next day your account drops to 5,000. Tossing and turning all night, you can’t sleep at all. Then every late night when you wake up to go to the bathroom, your first reaction is to open the candlestick chart to check the market.

After enduring a year of torment, the coin price fluctuates between 1,000 and 6,000. Exhausted to the limit, you tell yourself: I’ll sell if it rises to 9,000.

Finally, the bull market arrives. The coin rises to 8,500, and you start to regret. Recalling the previous dips, your intuition tells you it will definitely pull back to 6,000, so you sell at 8,500. What’s the result? The market doesn’t pull back; instead, it keeps surging. FOMO hits the roof, and you chase at 8,500 to buy at 9,000. Your position is back, but the number of coins is fewer.

From 9,000, it drops back to 7,000, and you waver again. Watching it rise to 12,000, you finally give up. Doing the math, a 20% annualized return, and you comfort yourself that it’s not bad.

This is the true picture of most beginners: going all-in, full position, cutting losses, chasing gains, and constantly flipping in the emotional and market waves.