Open the group chat, everyone is talking about the recent market performance of BREV, which has surged by 584%. Some are sharing screenshots of their gains, while others say they got caught chasing the high. RAD and SPK are also becoming lively. Later, someone asked me if I wanted to join in, and I smiled— isn’t this the same story I’ve seen countless times? From huge profits to zeroing out.

Honestly, today’s market perfectly illustrates the three most common pitfalls for novice crypto traders. Understanding these can help you avoid many pitfalls.

**Pitfall 1: Only focus on the percentage increase, not the project itself**

I’ve seen too many people, when they see a 584% rise, get envious and buy immediately. But do you know what BREV does? The ZK track is indeed hot, and the ecosystem is active. Binance Labs has also invested, which is positive. But that doesn’t mean it’s worth its current price. A short-term surge of over 5 times is already far from the fundamentals. Before buying a coin, clarify a few questions: What problem does the project solve? Is there a real application scenario? Is there reliable institutional support behind it? If you don’t understand these before jumping in, it’s pure gambling.

**Pitfall 2: Only look at individual coins, not the overall market**

The key point many people overlook is that the entire market was actually declining today. The total market cap dropped from 1,427.1 billion to 1,408.8 billion, and trading volume shrank by nearly 6 billion. In such a weak market environment, a single coin’s sudden surge is often just short-term capital speculation, with no lasting power. Many newcomers only watch their own coins, and when they look up, they find the overall market has already fallen significantly.

This is why many people make quick money temporarily but end up losing in the end.