Some cryptocurrencies' declines have taught many a simple truth: it's just two words—give up.

In the crypto world, losing money is rarely truly due to choosing the wrong target. More often? Holding on stubbornly even when things go bad.

When prices start to fall, most people’s first reaction isn’t to cut losses, but to argue with themselves—"Just a little more time, it’ll bounce back."

And the reality is like this:

First wave of a small rebound, they don’t sell.

Second drop, still holding on, waiting.

The common reason? "This isn’t the price I want."

The market wears you down little by little:

Drop 2%, and you can still endure;
Drop 5%, and you start to feel uneasy;
When it really drops 30%, 40%, you suddenly realize you didn’t take profits when you should have, and your principal is locked in.

But the core problem isn’t market volatility; it’s that your initial mindset was flawed.

Look at how long-term, consistently profitable traders operate. Their approach is completely opposite.

Before placing an order, ask yourself: What if I’m wrong?

Once the price breaks support or the pattern is broken, cut losses immediately—no hesitation. They don’t argue with the market about right or wrong; they only focus on whether their account is still alive.

Carefully observe those who truly last in the game—they almost all share one trait: they are very decisive in cutting losses. Small losses are acceptable, but never let a single mistake wipe out all previous gains.

Of course, only within a framework where the fundamental value logic hasn’t changed, with sufficient capital and enough time, can you talk about "buying more on dips." But the vast majority? Honestly, they just can’t admit they were wrong.

Trading isn’t about who’s predictions are the most accurate.

It’s about who can get back up the fastest after making mistakes.

Not cutting losses, and you can make a lot of unrealized gains, but one retracement can wipe out your entire capital. The market is always there, opportunities are endless. What you need to prepare for is: before each bet, leave yourself an escape route.

Don’t wait for the price to fall before hoping for a rebound—that’s not a plan, that’s gambling.

If you want to go far in the crypto world, first learn to accept defeat gracefully.