Why do so many people keep rushing into the crypto world, even though they know the risks are high? Essentially, it's the allure of getting rich overnight that pulls them in.

Looking at those wealth stories in the community, they are quite inspiring: someone used Dogecoin to buy property, another multiplied their assets dozens of times with altcoins. Hearing these stories repeatedly, it's easy to think that making money in crypto is like playing—turning things around in minutes.

But in reality, those glamorous cases are just a tiny fraction. Statistics show that less than 0.01% of people actually make money, while the remaining 99.99% are being ruthlessly harvested. So, those stories of sudden wealth are not the norm in the crypto world—they are just survivor bias.

Looking at the historical disasters makes this clear. LUNA skyrocketed from $0.1 to $100, then plummeted to $0.0001 in an instant, causing over 2 million people to lose everything; PEPE once surged 3000%, but over 90% of those chasing the peak lost more than 70%; SQUID token jumped from $1 to over $2800, then immediately went to zero. These lessons are right in front of us, and the conclusion is obvious: betting on luck in crypto to get rich quickly usually results in losing your capital—99% of the time.

Why can't ordinary people make money? The reason is quite straightforward: the market swings like a roller coaster—it's not unusual to see a 30% drop in a day; information asymmetry is severe—whales manipulate the market, and so-called good news is often just a trap to trap investors; plus, policy changes are unpredictable—regulatory adjustments can choke off liquidity for certain tokens instantly.

But don't be too hopeless—ordinary people still have a chance in crypto, as long as they change their mindset.

Those who truly survive in bull and bear cycles tend to focus on long-term projects with real applications. For example, early investments in DeFi, Layer2, RWA—areas with genuine demand. These people are very strict about risk control—they don't use their life savings to trade, diversify their assets, and build positions slowly with a cyclical mindset. Their greatest strength is patience—like those who kept dollar-cost averaging ETH during the lows in 2020, and three years later, their returns easily exceeded 400%.

Overall, the difference between those who make money and those who lose in crypto boils down to one word—strategy.