Newbie's perception of the crypto world:

Invest 10,000 yuan and just leave it alone; after ten years, it finally rises to one million and is sold.
However, the real crypto world is like this.
You entered the market with ten thousand, and the next day it turned into five thousand. At night, you toss and turn, unable to sleep.
Every late night that follows, when you wake up to use the bathroom because of a full bladder, you will open the app to check the market.
After enduring a year of ups and downs, with coin prices fluctuating between 1000 and 6000, you are exhausted and have made up your mind: if it can rise to 9000, you will cut your losses and exit.
However, when the bull market arrives and your coin rises to 8500, you recall the past fluctuations and think it must pull back to 6000, so you sell at 8500, preparing to wait for the pullback to buy again.
You definitely made a profit, but this time, the market didn't return to 6000. Instead, I decided to take a chance; if I didn't get in now, I might miss the opportunity. So I chased from 8500 to 9000, my position came back, but I ended up with fewer coins.
Then, after a pullback from 9000 to 7000, you waver again. Watching it rise all the way to 12000, you finally made a profit, calculating an annualized return of 20%, and comforted yourself: this is also a good investment!
This is the true portrayal of a newbie: going all in, full position, cutting losses, chasing highs and selling low, constantly fidgeting.