### 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.