The stories in the encryption circle are actually quite similar; the difference lies in the amounts, while the trap remains the same.

Recently, I was chatting with a trading partner, and she took nearly a year and a half to understand a lesson. She mentioned that she initially invested 400,000, but unexpectedly, there was less than 40,000 left in her account. I asked if she encountered extreme market conditions, and she shook her head: it's not the market's fault, it's her own doing.

"At first, I actually wanted to test the waters with 80,000, but then I saw all the analyses in the community claiming 'hundredfold potential,' and everyone in the group was showing off their profit screenshots. In a moment of FOMO, I ended up putting all my assets in. " She said frankly, "That wasn't enough, so I leveraged more. Looking back now, it was completely foolish."

This is a microcosm of 90% of encryption beginners.

**The first trap: full position means death**

Entering the market with full positions right away is the deadliest choice. Just making a little floating profit can lead one to feel enlightened, but a casual market turn can trap them severely. Many people rush in without understanding the volatility characteristics of encryption currencies, blinded by stories of high returns.

**Second Trap: Loss of Control Due to FOMO Psychology**

Community sharing, group calls, friends' circle forwarding of wealth accumulation cases... this information bombardment is enough to drive any rational person insane. Seeing others make money, fearing to miss out, often results in buying at high prices and being harvested as a trap.

**Third Trap: High Leverage Gambler Mentality**

Leveraging amplifies profits but also amplifies risks, yet beginners often only see the first half of the sentence. An unforeseen event can lead to an account liquidation.

The market never lacks failures; what it lacks are those who are willing to learn from their mistakes.