Why Most Beginners Struggle with Crypto Trading: Coin Bureau’s Perspective
The Coin Bureau, helmed by the insightful and trusted Guy, has quickly become a go-to resource for anyone serious about mastering crypto trading. With over a million subscribers, the channel is renowned for its honest, analytical approach and in-depth educational content. Many hopeful traders dive into crypto, drawn by stories of overnight millionaires. However, as Guy explains in one of his most popular videos, most beginners face challenges that aren’t obvious at first glance. In this article, we’ll unpack the real reasons crypto trading is so tricky for newcomers and the mindset shifts you need for long-term success.
A Costly Reality Check: Facing Losses in Crypto Trading
It’s easy to get swept up in tales of traders transforming small sums into staggering fortunes seemingly overnight. The excitement and promise of quick riches often lure beginners to invest their hard-earned money with high hopes — and sometimes unrealistic expectations.
As Guy explains, “In theory, trading crypto is among the fastest ways to make life-changing amounts of money. After all, some crypto traders have turned hundreds of dollars into millions of dollars in just a few days.”
“In practice, however, most crypto traders will end up in the red, and some will lose all their money in a matter of minutes.”
This blunt reality check is a crucial wake-up call. Many beginners think crypto is a surefire path to wealth, only to discover just how volatile and unforgiving it can be. The emotional rollercoaster and fast-paced swings separate those who prepare and educate themselves from those who simply chase trends.
- High volatility: Crypto prices can double or halve in hours.
- Lack of experience: Newcomers often underestimate the risks involved.
- Poor risk management: Investing too much too quickly can wipe out entire portfolios.
Mastering the Basics: Essential Principles for Sustainable Trading
With the alluring stories out of the way, Guy dives into the fundamental principles every beginner must understand before embarking on their trading journey. Unlike traditional financial markets, crypto trading moves at breakneck speed, demanding an extra layer of discipline and knowledge.
One key insight from the video is the importance of education and patience:
“This is because trading crypto is not like trading other assets. That’s why today we’re going to tell you everything you need to know about trading crypto starting from square one.”
To succeed — or even just to survive the unpredictable waves of the crypto market — you need to build a strong foundation:
- Understand the market: Crypto assets often move independently from traditional stocks or commodities.
- Manage your risk: Always use position sizing and stop-loss orders to protect your capital.
- Control your emotions: Emotional trades lead to rushed decisions and losses.
- Keep learning: The crypto space evolves fast; continual learning is non-negotiable.
Many traders skip these basics, mistakenly thinking success is all about picking the right coins. Instead, thriving as a trader is about discipline, risk management, and keeping your emotions in check.
Transforming Your Mindset: From Chasing Hype to Trading with Confidence
The biggest difference between beginners and consistently successful traders isn’t just technical skill — it’s mindset. According to Guy, understanding the psychology of trading is as important as any strategy or chart pattern.
Many new traders chase FOMO (fear of missing out) and jump into risky moves after seeing others profit. This cycle leads to rushed decisions and, more often than not, losses. But with the right outlook, your trading approach can change entirely.
- Have a plan: Approach each trade with a clear strategy, including entry, exit, and stop-loss levels.
- Accept losses: Every trader loses sometimes. The key is to learn, adapt, and move on — not to double down on revenge trades.
- Think long-term: Stop looking for quick wins; focus on gradual, compounding growth.
As you develop these habits and perspectives, you’ll find yourself less affected by hype and fear. Over time, your results will improve — and so will your confidence.
Grow Small Investments Big With Traderfriends
If you’re ready to put these principles into action and start your own trading journey, it’s crucial to join a community that offers support, education, and real-world insights. Traderfriends provides an ideal environment for learning how to grow your investments — no matter how small you start. Connect with like-minded traders, access top-tier strategies, and take the next step toward financial independence.
