Many people enter the crypto market and end up losing everything. They all say the same thing: "I was targeted by the whales." But this blame can't be placed on the whales.

Recently, I met a friend from the crypto circle, and he started sighing as soon as we began talking. He invested two million yuan, and now he only has a small fraction left. Seeing his bloodshot eyes, I suddenly realized—this isn't just a story about market trends, but a story about human nature.

**Why do you always fall when you buy, and soar when you sell?**

When he asked me this question, I smiled. "It's not the whales monitoring you, but your own emotions." He frowned, as if he didn't understand. That's normal because most people don't realize that their heartbeat is their biggest enemy.

The crypto market is like a magnifying glass, amplifying all human weaknesses—FOMO (fear of missing out), greed, overconfidence—these things influence your account balance more than any candlestick chart.

My friend is a living example. When a certain token gains over 100%, he gets anxious, afraid of missing out, and blindly chases the high. When the trend reverses, he's terrified and quickly cuts his losses. Repeating this cycle several times, his two million yuan evaporates. Buying high and selling low—an eternal tragedy.

**Data speaks for itself**

Here's an interesting statistic: low-frequency traders have an annualized return of 18.5%, while those who trade daily and frequently have an annualized return of only 11.4%. The gap is quite significant.

What does this tell us? In the crypto market, the more you trade, the more you lose. Every extra mouse click gives your emotions another chance to take over.

I've met many highly educated people who can write complex trading models and understand technical analysis, yet they still blow up their accounts. Why? Because they can't control their heartbeat. When their accounts are plunging, all their theories become worthless.

**What is the essence of trading?**

It's not fighting the market, but battling your own heartbeat. Can you stay calm during FOMO? Can you stick to your plan during panic? These are the key factors that determine whether you'll ultimately make money or lose.

I once joked with him, saying if I had charged him one million yuan in tuition and sold him this lesson, would he buy it? His reaction was interesting—he scratched his head and fell into deep thought. I knew that even if I had told him these truths long ago, he might not have listened. People need to hit the wall once before they believe it's hard.

The crypto market isn't short of opportunities; what it lacks is resolve. When you can conquer your emotions, wealth will naturally come to you.