2025-12-27 21:23:06

Having navigated the crypto market, opportunities and traps are often just a thought apart. Instead of fixating on the dream of "hundredfold coins," beginners should first learn how to survive and walk out of the exchange. This article summarizes the pitfalls experienced by industry experts, hoping to help you avoid detours.

**Trap 1: Being Hijacked by FOMO Emotion**

Seeing a certain coin go crazy in price, or hearing some "top-secret news," your mind starts to panic—fear of missing out on this wave of market movement. So you dive in headfirst, only to get caught at a high point. Conversely, when the market drops, panic sets in again, and you end up selling at a low. This is a classic case of chasing highs and selling lows.

How to break free? It’s simple—do your homework in advance. Before taking action, decide at what price to enter, where to take profits, and where to cut losses. Then, stick to this plan strictly, and don’t let market emotions sway you. A simple tip is: the crazier the market, the more you need to stay calm; the more panicked the market, the more likely there’s an opportunity. In other words, avoiding FOMO-driven chasing is always better than getting caught.

**Trap 2: Easily Believing Promises of "Capital Preservation and Profit"**

On Twitter, Xiaohongshu, and various groups, there are always people claiming that a certain project is guaranteed to make money, recommending "hundredfold potential coins" or "mainstream projects." But what’s the reality? The data is right there—about 68% of coins hyped on social media see their prices halved within a month. In plain terms, these are often Ponzi schemes or pump-and-dump scams. The more people involved, the worse the losses for later participants.

What should you do? The simplest advice is: understand a project thoroughly before investing. Read the whitepaper, investigate the team’s background, understand the technical plan, and check community activity—this is DYOR (Do Your Own Research). No one is worth trusting completely, including those seemingly professional "signal providers." There’s no free lunch; all promises of high returns should be met with skepticism.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
Repost
Share

Comment

0/400

gas_guzzler

· 9h ago

FOMO is really a poison. I used to be like that, jealous when I saw others making money, but in the end, I was just working for the exchange. That's right, those "guaranteed profit" promises are just for listening; what about the blood and tears of newcomers? Doing research is easier said than done; few can really stick with it. At least I am still alive now. People who seriously read whitepapers are one in ten thousand; most still have a gambler's mentality, hoping to get rich overnight. The most frustrating are those signal teachers; the more followers they have, the deeper the trap. The club's tricks are really clever. The crazier the market, the calmer we should be. No one listens when you say that; everyone just wants to FOMO. I believe the 68% cut data, and the small altcoins around me are cutting leeks at an absurdly fast rate. The saying "there's no free lunch" is always applicable, especially in the crypto circle.

View OriginalReply0

BearMarketBuilder

· 9h ago

This is my reaction every time I see a "signal provider"—really, don't believe it. --- FOMO ropes have caught me several times, lessons learned the hard way. --- Those who say "guaranteed profit" are either scammers or the next ones to be harvested. --- Doing homework is really crucial. Now I research every coin thoroughly before touching it. --- Exactly right, the crazier the market, the more rational you should be. Those who go against the trend are the ones making the most money. --- A 68% cut is pretty harsh, but that's just how it is in the circle. --- Whitepapers are actually the best way to understand a project; many people haven't even read them. --- I've learned my lesson trusting "mainstream projects" before; now I only trust my own eyes. --- That last sentence really hit home—there's no such thing as a free lunch. --- In the past, the most frightening thing when being trapped was seeing others calling signals; now I just block those accounts.

View OriginalReply0

TokenomicsTherapist

· 9h ago

Really, chasing gains and selling losses is a terminal illness. I've seen too many people get liquidated this way. That's right, those who promote "sure profit, no loss" every day should all be in. DYOR is really not just a slogan; it's a lifesaver. I used to be also kidnapped by FOMO. Now I just laugh when I see others chasing highs. Having a good plan is more important than anything, but unfortunately most people just can't do it. The worst thing isn't the drop; it's the itch to sell during the decline.

View OriginalReply0

SandwichVictim

· 9h ago

This is what real crypto life looks like—one wrong thought can either send you to heaven or hell. I've been caught holding the bag at high prices countless times, each time swearing I wouldn't do it again, but I still get trapped. When the price rises, my brain really stops working. As for those teachers claiming to guarantee profits, I just want to ask them why they still ask for referral fees in the group every day. If they really make money, why rely on this? FOMO is faster than technical analysis in killing you—my painful lessons. That's right, staying calm can really save your life, but I just can't do it. Every day in the group, someone is bragging about a hundredfold coin. Thinking back now, it's all nonsense. My small capital has already paid tuition. The worst are those pump-and-dump schemes; retail investors are really just prey. Wait, how do you execute take profit and stop loss? Still too soft-hearted.

View OriginalReply0

VitalikFanboy42

· 9h ago

That's right, the FOMO mentality is really a killer for beginners. I was personally caught in this trap myself, feeling like I wanted to cry when I bought at a high price. Thinking back now, I still feel scared. Bro, your summary this time is spot on. Doing proper research can really save a lot of tuition fees. Those guys who keep touting "guaranteed profit" every day, I now just block them directly. Hearing it too much makes me nauseous. The worst are those coins that are hyped up together in groups. You join happily, and by the time you realize it, you're already deeply trapped. The 68% cut in half really hits hard.

View OriginalReply0

DegenWhisperer

· 9h ago

Really, I’ve also fallen for the FOMO trap. I got caught up when I saw the price hitting the daily limit, and then I dropped straight from heaven to hell. Now I don’t even dare to look at that coin anymore haha. I don’t believe a word from the signal providers. Luckily, I woke up early, but some people around me still follow blindly, and now they’ve lost everything. Doing your homework is really important. Going through the whitepaper, team, and community, 99% of the trash coins are automatically filtered out. Staying calm when the market is crazy is truly a secret weapon. At the end of last year, I used this tactic to scoop up some bottom, and it felt amazing. Don’t listen to those “guaranteed profit” nonsense. If such good things existed, how would you and I get a share, right? Buying at low prices is the hardest, but not cutting losses is even harder. You have to get past this psychological barrier. Actually, the simplest advice is: if you don’t DYOR, don’t touch it. I’ve suffered too many losses in this area.

View OriginalReply0

TokenVelocityTrauma

· 9h ago

Chasing gains and killing losses is truly a terminal illness. So many people are wiped out this way. Bro, your words are spot on, but executing it is especially difficult. Once you've been trapped once, you become honest. You no longer believe in any secret messages. That 68% cut in half, I feel like the reality is even worse. DYOR is easy to say, but who really reads all those whitepapers? The most common promise I've heard is doubling next month. Now everyone is lying on the floor. Calm > FOMO. I understand the logic, but as soon as I see a limit-up, all rationality disappears. That set of tactics from the pump-and-dump teachers really should be banned. They scam newbies very skillfully. When it comes to doing homework, I just love the feeling of doing thorough research. Now, Ponzi schemes are packaged so professionally that it's hard to guard against them.

View OriginalReply0