Some debunked assumptions about trading ❌ Assumption 1: Trading crypto is the same as trading stocks, just with different assets → Challenge: The crypto market operates 24/7, has no price limits, allows leverage up to 100x, and features massive information gaps between market makers and retail traders. The structural risks are entirely different. ❌ Assumption 2: Researching project fundamentals will help you pick good coins → Challenge: Over 95% of altcoins eventually go to zero. "Fundamentals" are nearly impossible to define in a space lacking cash flow, revenue, and profit. Most token prices are driven by narratives and liquidity, not fundamentals. ❌ Assumption 3: Having technical analysis or trading strategies guarantees stable profits → Challenge: The crypto market's extreme volatility significantly reduces the effectiveness of technical indicators. Plus, once a strategy becomes widely used, arbitrageurs will exploit and neutralize it. ❌ Assumption 4: Getting in early = guaranteed profits → Challenge: Survivor bias. Over 90% of projects from the 2017 ICO boom went to zero. Most holders from the 2021 NFT craze ended up losing money. Early entry only gives exposure to volatility, not guaranteed positive returns. ❌ Assumption 5: Someone else made money trading crypto, so I can too → Challenge: In zero-sum or negative-sum games, one person's profit inevitably comes from another's loss. Social media only shows winning screenshots, while losers remain silent—classic survivor bias. ❌ Assumption 6: Long-term holding (HODL) guarantees profits → Challenge: This only applies to a very small number of top assets like $BTC and $ETH, and even then, it requires enduring 80%+ drawdowns. For most altcoins, long-term holding = going to zero.