### Why People Stay Broke in Crypto: A Short Thread 🧵

1/ 🔍 **Chasing Quick Profits**  
Many enter crypto expecting instant wealth. The "get-rich-quick" mentality leads to impulsive decisions and gambling rather than sound investments.

2/ 📉 **Lack of Research**  
People dive into projects based on hype, FOMO, or influencer endorsements without doing proper research. This often results in poor choices and losses.

3/ 😓 **Panic Selling**  
Volatility scares inexperienced traders. When prices drop, they panic and sell at a loss, locking in their losses instead of holding for the long term.

4/ 🛠️ **No Strategy**  
Most lack a clear plan. They don't understand risk management, diversification, or when to enter/exit positions. Without a strategy, they’re just gambling.

5/ 🤑 **Overleveraging**  
Trying to multiply gains with borrowed funds can lead to liquidation in volatile markets. Many blow up their accounts because of overexposure.

Oh, wonderful thread. It brings back memories of all those stages😥