It's not just the cryptocurrency market; the A-shares market is also dealing a heavy blow to ordinary people! The most fatal misconception ordinary people have in the market is that as long as they are sincere enough, they will definitely be able to wait for a structural reversal. Wishful thinking! It's precisely those incredibly sincere people who get trapped deeper and deeper that are being fleeced! Many times, losing money is just the result; the process is continuous averaging down + emotional outbursts. This is almost the standard path for retail investors to go to zero. This has little to do with whether you're trading in the cryptocurrency, stock, real estate, or futures markets; it has a lot to do with your experience with human nature, economic cycles, and the anxiety of market downturns. When emotions are extremely unstable, any averaging down operation is dangerous. If you are in this friend's situation, stopping trading is the best solution. Don't continue to add risk to yourself; buying random things will only make your money dwindle. The market is not a lifesaver. When you treat it as your only way to turn your life around, you've already psychologically lost half your life. Besides, these days, in investing, those who can even preserve their principal are already rare. With 1 million in capital, there are so many good things you could do...