According to Michaël van de Poppe, traders often seek massive returns, such as 10,000%, without acknowledging potential corrections of up to 80%. This insight highlights the need for conviction, patience, and consistency in trading strategies. Such market dynamics are crucial for traders aiming to navigate the volatile crypto landscape effectively. Understanding these risks and rewards can guide traders in making informed decisions, thereby differentiating successful investors from unsuccessful ones. [Source: Michaël van de Poppe's Twitter]

According to AltcoinGordon, having 'ruthless conviction' is essential for success in the cryptocurrency market, suggesting that without strong belief and commitment to one's trading strategy, traders may not sustain their positions in the volatile market. This insight highlights the psychological aspect of trading where confidence in one's analysis can impact trading outcomes (source: AltcoinGordon).