Why is it difficult to make money in crypto investing? My view is very straightforward: the market itself is stuck in a vicious cycle. Small size, poor liquidity, and extremely uneven distribution of chips—these three issues compound, directly leading to price fluctuations that are easily manipulated by large funds. The result is that both retail investors and institutions flock in with the same mindset: to make quick money. Here’s a real issue worth considering: when large sums of money enter the market, even the smartest investors find it hard to completely avoid the traps set by market manipulators. So given all these uncertainties in the crypto world, why not consider allocating funds to US stocks, Hong Kong stocks, or A-shares? These markets are more mature, better regulated, and a bull market can also give you peace of mind with decent returns, with even lower risk levels. The next content will specifically analyze various manipulative tactics used by market players and real cases to help you identify those common pitfalls.