Having been in this market for so many years, I've seen too many so-called genius traders exit in disgrace. It's actually those who stick to the basics and don't chase quick profits who survive. To be honest, the threshold for making money in the crypto world isn't as high as you might think, but staying alive is the real skill.

Every time I see someone staying up until 3 a.m. glued to their screen, eyes bloodshot, I feel for them. It's not that these people are stupid; rather, they think too much—always trying to be one step ahead of the market, only to end up stepping into their own traps. Frankly, most losses come from overthinking and overconfidence.

I've identified three deadly pitfalls, and almost everyone entering the crypto space falls into them.

**First Pitfall: Letting K-line charts dictate your emotions**

The most toxic thing in the crypto world is that group of people shouting "surge" every day