Why do many friends in the crypto world fail to make money? To be honest, it's often not because of low cognitive ability. There are really only two main culprits: blind following and laziness.

First, let's talk about blind following. Stories of "life reversals" are everywhere in the square—initial capital of just a few tens of dollars turning into hundreds, thousands, or even tens of thousands of dollars in just a few days. These kinds of stories seem tempting, but in reality, they are just schemes to harvest new investors, specifically designed to deceive crypto beginners. How many of these cases can stand up to scrutiny?

Now, let's look at laziness. Many people enter the space thinking they can just sit back and win without effort, unwilling to spend time learning basic risk management knowledge, project evaluation skills, let alone studying market cycles. The result? They get completely wiped out.

Opportunities definitely exist in the crypto space, but the prerequisite is that you recognize the tricks and learn diligently. Don’t be fooled by those lofty dreams of getting rich overnight—wake up, that’s not a pie in the sky, it’s a trap.