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The Psychology of a Cryptan. Who is a Cryptan? A Zoo in the World of Cryptocurrency.

This text has been translated into English from the original article.

Introduction

I spent quite some time debating whether or not to write this article… It turned out a bit long, but definitely packed with content. So maybe it’s better to read it in parts. Here I’m sharing my own personal experience, as well as the experience of other market participants I’ve talked to or still talk to. Writing this article took me two weeks (yeah, I know — no one really cares how much time I spent on it). Sometimes you open an article and it’s just a boring wall of text. Mine is also a wall of text, BUT it’s spiced up with jokes and humorous comparisons. Some of these comparisons, like the whale and the hamster, are actually part of crypto slang. I hope you’ll appreciate it. With humor, material sticks and is remembered better.

Throughout the article, you’ll run into certain crypto terms. Can’t escape them entirely, but I’ve tried to keep them to a minimum.

This article won’t dive deep into different earning strategies. The term “trading” will come up quite often, but that doesn’t mean this is an article about trading — actually, quite the opposite. I use the term simply because, for most people, “crypto” is automatically associated with trading.

This piece reflects the author’s subjective point of view. Any sharp wording is not meant to offend — it’s just part of the writing style. The article is written purely for informational and entertainment purposes.


Sections of the article:
Who is a Cryptan?
General psychological profiles of Cryptans
Psychological profile of an experienced Cryptan or someone fully immersed in crypto, to the very «tomatoes» 🙂
Psychological profile of a crypto beginner
Archetypes of Cryptans (Cryptan Zoo)
Why psychology is more important than strategy
Main internal demons of a Cryptan
How to tame the demons of a Cryptan
Crypto ecosystem and market participants
Cryptocurrency as a dopamine addiction
General principles for controlling emotions
Why the market is always smarter than you
How to protect your psyche in the market
Psychology of a crypto survivor
Self-diagnosis – determine your psychotype
Psychotypes and their emotions
Conclusions


Who is a Cryptan?

A cryptan is not just a person with a cryptocurrency wallet. More often, it’s a special psychological type: a mix of a gamer, an investor, and a seeker of new experiences. Every cryptan has their own style and approach, but one thing they all share is this — they watch charts as closely as other people watch the weather forecast, and they actively engage in various projects, protocols, and activities of the crypto market.

In general, cryptans can be described as people who combine confidence, emotional resilience, and readiness for high risks. These are the very qualities that allow them to dive deep into the crypto world and stay committed to it despite all its ups and downs.

Some studies suggest that cryptans are more likely to have so-called “dark” personality traits (such as narcissism or Machiavellianism). But it’s important to understand: cryptocurrency itself doesn’t change people — it simply attracts those who are already inclined toward risk, independence, and unconventional thinking.


Note on the margins:

The psychological types and directions described below are conditional — there are many more of them, but these will be enough for general understanding.

Generalized psychological portraits of cryptans.

I want to emphasize that the character traits listed below are only a small part. Some studies suggest that cryptans are more likely to possess so-called “dark” personality traits (such as narcissism or Machiavellianism). But it’s important to understand: cryptocurrency itself doesn’t change people — it simply attracts those who are already inclined toward risk, independence, and unconventional thinking.

These traits play an important role in the life of a cryptan. By balancing them, one can achieve success. However, there are also other traits common to beginners — let’s take a closer look.

The Psychological Portrait of an Experienced Cryptan (or Someone “All-In” on Crypto, Up to Their Eyeballs in It 🙂)

Among people deeply immersed in the world of cryptocurrency, certain personality traits are often observed. This doesn’t make cryptans “good” or “bad” — rather, it highlights the qualities that help them survive and thrive in this environment. Some of these traits include:

Confidence and strong belief in personal success.

A tendency toward risk-taking and thrill-seeking, which is natural in a highly volatile market.

Emotional resilience and low anxiety, allowing them to endure the rollercoaster of price swings.

Impulsiveness and a craving for excitement, often accompanying trades and investments.

Calculating and pragmatic thinking, useful when dealing with high-risk assets.

The Psychological Portrait of a Crypto Newbie

The psychological profile of crypto beginners differs noticeably from that of “old-school cryptans.” While experienced participants tend to show more calculation and emotional stability, newbies often display more emotions, chaos, and impulsiveness.

Key Traits of a Crypto Beginner

Euphoria from a new world. Everything feels exciting: tokens, NFTs, exchanges, wallets. Crypto is seen as a game with quick rewards.

Illusion of easy money. Many believe making “x-gains” is simple, which leads to overconfidence and risky investments.

FOMO (Fear of Missing Out). Beginners are afraid of missing “the next Bitcoin” and often jump into projects without analysis, especially during sudden price surges.

High trust and dependence on external signals. They tend to rely on bloggers, group chats, or news headlines instead of forming their own opinions.

Emotional instability. Fear, greed, and panic lead to impulsive and irrational decisions. Joy at +20% and panic at −10% is a common pattern.

Lack of strategy and discipline. Many trade without a clear plan, increasing the likelihood of mistakes and losses.

Impulsiveness. Buying decisions are driven by emotions: “Everyone’s buying — me too,” “The coin is pumping — must buy now.”

Low patience. They want results “here and now.” Long-term strategies seem boring and ineffective.

Poor risk management. Beginners may put all their funds into a single asset or project, not understanding the importance of diversification.

Desire to be part of the movement. For many, crypto is not just about investing, but also about culture: memes, communities, and the sense of belonging.

Archetypes of Cryptans (The Crypto Zoo)

A cryptan is not a single image, but rather a whole gallery of styles and approaches to the market. Everyone chooses their own path. Of course, some archetypes overlap — just like no one is only a sanguine or melancholic type, one trait always dominates over the others.

Note on the side:

I personally dislike the word “degen”, but since it’s widely used, it needs to be mentioned and explained. In reality, degen isn’t necessarily an insult — it’s more of a self-ironic label within the crypto community: “I know I’m gambling like a madman, but it’s fun and maybe it’ll moon.”
The word degen (from degenerate) came to crypto slang from the worlds of gambling and trading. In crypto it describes someone who: acts on a “now or never” basis instead of following a strategy; makes extremely risky moves without deep analysis; often buys on hype (at the very peak of a coin pump) or based on chat tips; dives into memecoins, scam projects, and shady DeFi farms.

Newbie-Degen — a crypto beginner who immediately jumps into the riskiest adventures, usually without knowledge or analysis. Goes all-in with leverage and is sure they’ll be riding a Lamborghini in a month. Their strategy is simple: “bought because hype” and “sold because panic.” Usually, this adventure ends with a visit from liquidation (a complete wipeout, loss of funds and investments).

🐣 The Chick who thinks it can already fly. Jumps straight into x50 leverage and wonders why falling hurts.

Adrenaline Trader. Lives on centralized exchanges (Binance, OKX, Gate) and decentralized ones too — like it’s a second home. Charts instead of TV shows, candles instead of Game of Thrones. It’s not about profit, it’s about the rush. Every trade feels like an injection: heart pounding, sweaty palms, sleep schedule wrecked, day and night no longer matter.

🐅 The Tiger hunting candles. Chases every move but more often catches its own tail.

Holder-Elder. Bought BTC or ETH back in a past life and now sits like a monastery monk. His philosophy: “market down — I buy, market up — I wait.” Sometimes bored, but when the bull cycle comes, suddenly turns into a prophet. Waiting for that life-changing moment.

🐢 The Turtle who decided to outwait the whole zoo. Bought BTC ten years ago and now lives by the mantra: “this too shall pass.”

Infrastructure Investor. Doesn’t chase memes, doesn’t sit in Telegram signal groups. Invests in blockchains, layer-2s, and projects with fundamentals. This is the “venture capitalist” of crypto: less emotion, more calculation.

🦉 The Owl watching everything from above. Not into memes — chooses blockchains and protocols, trusts in fundamentals.

Airdrop Hunter. Always on the move. Forever searching for freebies: subs, retweets, endless claims. For him, the market is a giant quest where the prize is a random token that might turn out to be either trash or a jackpot.

🐀 The Mouse that collects all the crumbs: retweet, like, subscribe. 99 useless tokens and one that feeds the whole pack.

Memecoin Hunter. Truly believes the “next DOGE” will make them a millionaire. Jumps into projects with dogs, cats, frogs, bananas, and whatever silly mascot is on the token logo. Lives by hope: “maybe this coin is my ticket to millions and financial freedom?”

🐸 The Frog waiting for the next frog to bring a golden carriage. Sometimes jumps into a lake, sometimes into a swamp.

Staker. Plays the long game, similar to the Holder-Elder. For him, the goal is slow and steady growth, earning yield from temporarily locked assets. Believes in “peaceful accumulation,” but his biggest enemy is boredom and slow tempo.

🦥 The Sloth. Hung his coins on staking and now lies belly-down. His strategy is “slow and steady,” just hoping the tree doesn’t fall.

NFT Hunter. His battlefield is collections and metaverses. Spends hours scanning Twitter and Discord, grinding into whitelists, hoping that a “picture of a monkey” one day becomes a ticket to an elite club. For him, NFTs are not just images, but social capital and a chance to ride the hype.

🦍 The Ape with the Ape Picture. Always hanging in Discord, throwing money at JPEGs, convinced tomorrow that picture will be a ticket to the elite.

Farmer. For him, DeFi is an endless plantation. Doesn’t believe in moonshots, but methodically farms airdrops, stakes tokens, and moves liquidity across pools. Results aren’t always spectacular, but the process runs like clockwork. Sometimes it looks like a full-on factory.

🐝 The Bee buzzing from pool to pool, collecting yield and tokens. The honey isn’t always sweet, but the buzzing is steady.

I wasn’t sure whether to include this type since it’s very niche and full of technical jargon, but here it is 🙂

DeFi Liquidity Provider (LP). A separate but related type to the farmer: someone who provides liquidity to AMM pools, earns fees, and often gets project tokens as incentives. Pros — passive income and bonus tokens; cons — impermanent loss risk and the need to constantly monitor the pool.

🐙 The Octopus. Has a tentacle in every pool. One in fees, one in tokens, one in impermanent loss — but still keeps balancing.

Why Psychology Matters More Than Strategy

On the charts, everyone looks smart. But the reality is this: the market doesn’t break deposits, it breaks minds. Some lose money because they can’t wait, others because they can’t stop. Psychology defines everything — entry, exit, holding, and even how a person copes with a crash. Strategy can be anything, but if emotions take over, even the best plan turns into chaos.


The Main Inner Demons of a Cryptan 👹

Every cryptan, when entering the market, faces not only charts and tokens but also their own inner demons. They live inside us, influence our decisions, and sometimes steal all the fun from the game.

Greed — when you enter a project not for its idea or strategy, but for x100 and dreams of a “Lambo tomorrow.” Example: a new meme coin spikes, you buy at the hype, it keeps going… and going… and your mind starts drawing yachts, houses, islands. Greed whispers: “Don’t sell! Hold until x500!” — but usually, a correction comes, and your deposit drops, leaving only regret and a couple of Telegram emojis.

💰 Greed is a fat unicorn in sneakers running across your brain shouting: “x1000 or die!” It tells you to buy a meme coin with a cat avatar, even if you barely understand the project. Usually, the unicorn trips, and you fall into the pit of “correction.”

Envy — watching others succeed and feeling like a loser. Example: someone made x20 on a token, and you missed out. A thought arises: “Why not me?” Envy pushes impulsive trades — often leading to capital loss. Remember: someone else’s profit isn’t your loss, it’s your lesson.

😒 Envy is a green lizard on your shoulder, constantly whispering: “Why does he have it and not you?” It looks at others’ profits and pushes you to do dumb things. It can turn your rationality into… um… “a plush hamster poked in the eye.”

FOMO — fear of missing out is classic. Example: a coin rose 30%, and your hands itch to hit “BUY.” FOMO screams: “Run with the crowd!” Result: you buy at the top, and the market sharply pulls back. Your brain learns a lesson, and your wallet loses.

⏳ FOMO is a squirrel with an energy drink in its hands, jumping branch to branch. You see the coin rising, and the squirrel shouts: “Faster! To the top!” You manage to buy only at the peak, then the squirrel disappears, leaving you with an empty wallet and chat emojis.

Expectations vs. Reality — a cryptan always builds expectations: “Next year I’ll be a millionaire!” “The next altseason will make me rich.” Reality: the market is unpredictable, projects die, meme coins vanish, and sometimes your strategy turns into nothing more than a diary of emotions. Learning to accept reality as it is — that’s the key to survival.

🎢 It’s a lazy cat with VR glasses, building castles in the air: “Next year I’m in Bali with a Lambo.” In reality, the cat sleeps, projects die, and charts laugh at you. Sometimes it’s useful to gently nudge the cat — remind yourself that reality doesn’t owe you your dreams.

Tilt — casino psychology, when it feels like the market is personally against you. Example: you sold too early, bought too late, and charts seem to mock you. Heart racing, emotions take over, and the next trades are done not with reason but adrenaline. Tilt can burn your deposit faster than any whale.

🎰 Tilt is a red dragon with two spikes on its head, breathing fire directly on your deposit. Sold too early — puff! Bought too late — puff! And you start acting not with your brain, but with adrenaline. The dragon can burn everything on your table except your cup of coffee.

How to Tame a Cryptan’s Demons 🐉

Each of these demons is part of the inner game. You can’t banish them forever, but you can learn to keep them on a short leash.

  • Greed is tamed with an exit plan and the ability to take profit, even if it feels like “just a little more to Lambo.”
    💰 Give the unicorn a carrot — let it chew and distract itself while you lock in profit.
  • Envy disappears when you remember: someone else’s profit is not your loss, it’s your experience.
    😒 Toss a fly to the lizard — it’ll be busy, and you’ll have time for your trades.
  • FOMO retreats if you know your entry and exit points in advance, rather than chasing the crowd.
    ⏳ Give the squirrel some valerian in its energy drink — its jumps will slow down immediately.
  • Expectations vs. Reality soften when you stop building castles in the air and look at the market without rose-colored glasses.
    🎢 Take the VR glasses off the cat and put a bowl of food — let it live in reality, not in Bali.
  • Tilt calms with discipline: step back, pause, or sometimes just close your laptop.
    🎰 Give the dragon a cup of coffee and scratch behind its ear — it’ll stop breathing fire on your deposit and fall asleep.

The Crypto Ecosystem and Who Exists in the Market

You can’t enter a dense forest without a navigator or map — nobody wants to get lost and turn into Mowgli. The crypto market is an ecosystem with different roles and interests. Understanding these players helps navigate price movements and market sentiment.

🏦 Market Maker — Provides liquidity on the exchange. Their job is to place buy and sell orders so that the order book always has offers. Thanks to market makers, the market operates without sudden crashes or spikes on small trades.

🐋 Whale — A large cryptocurrency holder. One move from them can significantly impact the price, such as a big purchase or sale. Analysts closely monitor whale movements.

🐹 Hamster (Retail Investor) — A typical market participant, usually a beginner. Their strategies are often emotional: buying at the top due to FOMO and selling at the bottom out of panic.

🏛️ Institutionals — Funds, banks, and large companies investing in crypto as part of a portfolio. Their actions influence long-term trends and lend legitimacy to the market.

📈 Traders — Active participants who profit from price movements: scalpers, day traders, swing traders. They create volume and volatility.

🐢 Holders — Buy assets to hold long-term. Their strategy is based on belief in future market growth, regardless of short-term fluctuations.

⛏️⚡ Miners / Validators — Ensure the operation of blockchains. Miners confirm transactions in PoW networks, validators in PoS. Their income depends on network rewards and transaction fees.

👨‍💻 Developers and Projects — Build infrastructure: blockchains, DeFi apps, exchanges, wallets. Without them, the ecosystem couldn’t exist.

💱 Speculators / Arbitrageurs — Exploit price differences across exchanges or trading pairs. Their activity helps align prices between platforms.

⚖️ Regulators and Supervisory Authorities — Formally not market players, but they influence it more than many. Their decisions can trigger growth or decline and change the rules of the game for all participants.


Cryptocurrency as a Dopamine Addiction

For some, cryptocurrency has stopped being a tool for earning money and has turned into a source of emotions. It’s a kind of adrenaline ride, where prices and charts are just a reason to experience new sensations.

Entering for emotions, not for money

Beginners and even experienced traders often enter the market not for strategy or stable profit, but for the thrill: “I’ll buy now and see what happens!” Each trade becomes a button that triggers a dopamine release. Risky decisions, anticipation of growth, or fear of price drops all act as pleasure triggers. In the end, the emotional high is valued more than the actual result.

Why 90% enjoy the trade more than the outcome

Studies and observations show that most traders enjoy the process itself, not the final outcome. Candle spikes, sudden dumps, the moment a trade opens — these are emotional rollercoasters that create a “dopamine loop.” The very process of seeking profit and experiencing uncertainty becomes an addiction stronger than the actual profit. This is why traders make dozens of extra trades, even if the result moves them into a loss.

Parallels with casinos, betting, and gaming

Mechanically, the crypto market is close to gambling. It has everything: unpredictable outcomes, a feeling of control over chaos, and random reward effects.

  • Like in a casino — the emotional surge from betting “on red.”
  • Like in sports betting — constant anticipation that “this time I’ll win for sure.”
  • Like in gaming — immersion in the process, where the game itself is more captivating than the end result.

For many, crypto isn’t about money; it’s about intense sensations and “playing with fate.” But this dopamine addiction often leads to wiped accounts and disappointment.

Key points for controlling emotions 🧘‍♂️

  • Understand the nature of dopamine addiction.
  • Separate emotions from rational decisions.
  • Be aware of the risks and consequences of impulsive actions.
  • Maintain distance and don’t turn the market into a gambling game.

Why the Market Is Always Smarter Than You

The crypto market isn’t just charts and numbers. It reflects the collective emotions of millions of participants. For many traders, the market becomes a mirror of their own psychological traps and emotional patterns. Even the most carefully crafted strategy often fails because… the market skillfully exploits your emotions.

The market as a mirror of emotions
Prices rise and fall not only due to fundamentals but also because of crowd sentiment. Fear and greed create cycles of panic and euphoria.

  • When the crowd panics — hamsters run in their cages, selling everything indiscriminately.
  • When euphoria reigns — squirrels with energy drinks jump from branch to branch, pushing the price up due to FOMO.

The mechanics: the crowd loses, whales earn. The crowd acts impulsively, driven by emotions, while whales — big blue whales with sunglasses — slowly and methodically buy assets on dips and take profit on the rise. Every market spike is like a whale diving and scattering the crowd of hamsters, leaving them with empty wallets.

The illusion of control
Many think, “I’ve calculated everything, I have a strategy!” In reality, the trader is a lazy cat with VR glasses, building castles in the air while the Tilt Dragon breathes fire on their deposit. A news spike or sudden pump instantly shatters the illusion of control, leaving the strategy as just a formal shell.

Sidebar: the market doesn’t break deposits — it breaks minds. The real damage is psychological: stress, anxiety, FOMO, and greed can erode confidence for a long time. Money can be earned again, but calmness and mental stability are harder to restore.

How to protect your psyche in the market

  • Acceptance of reality: the market dragon is always smarter than the cat with VR glasses.
  • Emotional control: don’t let the hamsters inside you make the trades.
  • Planning: mark entry and exit points in advance so the squirrels with energy drinks don’t knock you off course.
  • Discipline: follow the strategy, not every candle spike.
  • Psychological pause: sometimes it helps to close the laptop and feed real cats.
  • Learning: study market mechanics and crowd psychology to anticipate your own reactions and avoid the claws of the Tilt Dragon.

The market doesn’t just break deposits — it challenges the mind. Protection comes from self-control, discipline, and understanding emotional traps — only then can even hamsters and squirrels fail to ruin your game.


🛡️ The Psychology of a Crypto Survivor 🧘‍♂️

The psychology of a survivor is the ability to experience emotions — fear, greed, envy — without letting them drive destructive actions. It’s about living with emotions without allowing them to control your decisions. Constant self-work aimed at improving emotional intelligence, developing self-control, and accepting the market as a platform for experiments rather than a guarantee of profit. This isn’t about “becoming a robot,” but about developing the ability to remain an observer and make rational decisions instead of being driven by adrenaline.

A real-life scenario: “He made $1.2 million on a project.”

  • Thoughts of beginners: “Why not me? I’m not dumb, I can do it too… let’s go…” — actions driven by emotions.
  • Questions experienced traders ask: “What exactly did he do? How and where did he find projects? How much money and time did he invest? How long did he wait? What risks did he take? Or was it just luck?”

Envy and greed toward successful people — or those who just got lucky and aim for quick gains — are frequent companions not only of beginners. However, it’s crucial to realize that these emotions are natural but shouldn’t dictate your behavior. Instead of giving in to impulses, a survivor observes their feelings and maintains distance, preventing rash decisions. This approach allows for decisions based on rational analysis rather than emotional outbursts.

General techniques for emotional resilience

🔹 Pause Technique
Before acting in the moment, stop: take a deep breath, count to ten, restore mental clarity. A pause disables the “emotional autopilot.”

🔹 Reframing
Change your perspective: instead of “I must get a result” → “This is an experiment with multiple possible outcomes.” This reduces internal pressure.

🔹 Mindfulness Practices
Short meditations, breathing exercises, observing your body and thoughts — all help reduce anxiety and regain focus.

🔹 Journaling
Record your emotions, thoughts, and reasons for actions. Retrospection helps identify recurring patterns and improves self-management.

🔹 Working with a Psychologist or Coach
If stress becomes chronic and uncontrollable, professional support helps process internal barriers and strengthen emotional resilience.

Specific techniques for traders

💼 Awareness: The market owes no one anything
The market is neutral. It isn’t obliged to meet your expectations, even if “everything looked perfect.” This reduces unnecessary resentment and helps accept losses without drama.

🧪 “I am testing hypotheses,” not “the market must give profit”
Adopt a researcher mindset: each trade is an experiment. Failure isn’t “defeat” but data for analysis.

📊 Limiting time and trade volume
Time and volume limits on your terminal protect against emotional burnout and reckless risk-taking.

📑 Developing and following a strategy
Clear entry and exit rules reduce chaos. Strategy disciplines you and minimizes the role of emotions.

🎓 Continuous learning
The higher the competence, the less room for fear and doubt. Knowledge replaces guesswork with confidence.

The psychology of a survivor isn’t about magical secrets. It’s about balance:

🔹 Experiencing emotions without acting on them,
🔹 Viewing the market as a platform for experiments, not a “money machine,”
🔹 Maintaining clarity and a cool head, even when everything around feels like a casino.

Only this way can you stay in the game long-term, preserving not just your deposit but your mental health.


Self-Diagnosis — Determine Your Crypto Psychotype
10 Questions for Self-Analysis ❓

  1. What do I really want from crypto: money, emotions, status, or community?
  2. What matters more to me — stability or the chance to “hit the jackpot”?
  3. How do I react to boredom? Can I wait calmly for years, or do I need action every day?
  4. Which emotions do I feel most often: FOMO, envy, thrill, calm?
  5. How do I experience losses: as a lesson or as a personal disaster?
  6. What scares me more — missing out on gains or realizing a loss?
  7. Can I follow rules and discipline, or am I drawn to “trading on intuition”?
  8. Do I need control (strict strategy), or am I comfortable in chaos?
  9. Am I looking for quick results or ready for the long game?
  10. What is more important: being right in a prediction or making money?

Psychotypes and Their Emotions 🧑‍🤝‍🧑

🐭 Hamster (Emotional Newbie)

  • Criteria: Joins for hype, buys at peaks, sells at dips.
  • Emotions: Fear, envy, panic, euphoria.
  • Tendencies: Succumbs to FOMO, acts impulsively.

🐋 Whale (Power Holder)

  • Criteria: Large capital, cold calculation, ability to wait.
  • Emotions: Calm, patient, sometimes greedy.
  • Tendencies: Manipulates the crowd for personal gain.

🐢 Hodler (Patient Investor)

  • Criteria: “Buy and forget,” unaffected by market swings.
  • Emotions: Calm, confident, sometimes bored.
  • Tendencies: Endures long drawdowns for the idea.

🦅 Trader (Movement Hunter)

  • Criteria: Lives on charts, constantly in trades.
  • Emotions: Thrill, tilt, fear of missing out.
  • Tendencies: Overtrading and emotional breakdowns.

🐝 Farmer/DeFi Enthusiast (Harvest Collector)

  • Criteria: Works with liquidity, seeks tokens and airdrops.
  • Emotions: Greedy for new opportunities, excitement, but patient.
  • Tendencies: Prone to routine and burnout.

🦉 Institutional (Rationalist)

  • Criteria: Cold calculation, risk management, long-term goals.
  • Emotions: Calm, sometimes arrogant.
  • Tendencies: Ignores hype and follows strategy.

🦊 Speculator/Arbitrageur

  • Criteria: Looks for loopholes, price differences, quick trades.
  • Emotions: Thrill, greed, sometimes nervousness.
  • Tendencies: Burns out if the market stops providing opportunities.

Summary
🔑 “Psychology as the Key to Success in the Crypto World” 🔑

Money, crisp bills, cash, greenbacks, cabbage… YES, exactly — most people enter crypto for profit. But remember, crypto is just a tool, a niche for earning. Money is merely a secondary effect. The main factors of success are a proper and stable mindset: a combination of beliefs, attitudes, thought patterns, and habits that shape how a person perceives the world and reacts to events. Don’t forget honesty with yourself, understanding your weaknesses, fears, and reactions.

A cryptan is not just a wallet balance — first and foremost, it’s a person who has cultivated a set of habits and reactions that define their market behavior. The ability to manage yourself, rather than the market, is what leads to long-term success.

Final thought: “The market isn’t a game against candles. It’s a game against your psyche and your perception of the world.” In this game, the winner is the one who gains control over their emotions, accepts reality, and stops expecting the market to deliver “guaranteed” profits.

Psychology is the solid foundation upon which resilience and profitability in investing or any other crypto activities are built. Self-work is the main path to financial freedom in the digital asset world. Don’t confuse WORK and EFFORT.

Psychological Keys

  • Pause instead of impulse — don’t hit the button in the heat of emotions.
  • Reframing — view each trade as a hypothesis, not a life-altering decision.
  • Trader’s journal — record not just numbers, but emotions to track patterns.
  • Time and volume limits — don’t let crypto consume your life and nerves 24/7.
  • Acceptance of losses — a loss = payment for experience, not a personal disaster.
  • Focus on the process, not the “Lambo” — systematic work matters more than a single life-changing trade.
  • Emotions ≠ actions — feel fear, envy, greed, but don’t act on them.
  • Mindfulness — breathing, sports, meditation, offline interactions to maintain balance.
  • Principle: “The market owes no one” — don’t wait for fairness; build your strategy.
  • Learning and adaptation — the higher your skill level, the less space for chaos.

Anti-FOMO Approach 🚦

  • 🚦 Ask: “If I don’t enter, what will I actually lose?” (usually just the illusion of the “opportunity of the century”).
  • 🚦 Remember: the crowd enters at the highs — the survivor waits for their points.
  • 🚦 Apply the “sleep on it” rule: if a trade still seems reasonable tomorrow, then enter.
  • 🚦 Separate the desire to earn from the desire not to miss out — they are different emotions.

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⚡️ This article was translated into English using AI.

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