Degen

In the world of crypto trading, many traders fail for similar reasons as in traditional markets, but the volatility and unpredictability of cryptocurrencies can amplify these challenges. Crypto markets can experience extreme price swings, which often tempt traders into making rash, emotional decisions based on hype, fear of missing out (FOMO), or panic during market crashes.

 Many traders over-leverage themselves or fail to diversify their portfolios, putting them at greater risk. Additionally, the lack of regulation in the crypto space, as well as the prevalence of scams, can further complicate things. Without a clear strategy, proper risk management, and the ability to manage emotions in such a fast-paced and volatile environment, traders are more likely to incur significant losses.