For retail investors, what the market offers most of the time is often just [余额不足].

Many people, before entering the cryptocurrency space, have gone through the ups and downs of Web1/Web2; some have explored it unintentionally, while others have tried it intentionally. Finally, with a self-understanding of the so-called myth of "getting rich overnight," they are eager to give it a try.

So, the major stages of this circle began:

1. Beginner Stage - Entering with anticipation, testing the waters and learning the rules.
2. Luck Period - Occasionally making a profit, experiencing the illusion of success.
3. Hesitation Period - The market's fluctuations leave people confused, leading to doubts about their own skills.
4. Liquidation period - the most brutal stage, where funds rapidly shrink, fantasies shatter, and ultimately return to society.

In the end, the few who remain in the crypto space after three years are mostly those who have gone through the "decay period", learning to accept losses, stop losses, and the uncertainties of the market.
Only those who can endure for five years truly enter the crypto world, gaining experience, mindset, and risk resistance.

The cryptocurrency circle is not a get-rich-quick game, but a long-term test of patience, learning ability, and psychological endurance.