Fear drives people forward, greed leads to defeat

In psychology, the concept of 'loss aversion' suggests that the fear of losing (such as opportunities, money, or status) is stronger than the desire to gain.

Because of the fear of falling behind, people work harder; the fear of loneliness leads to active socializing; the fear of not measuring up to others encourages proactive learning; and the fear of missing out leads to constant PVP.

Greed is often the beginning of defeat. The 'law of diminishing returns' in psychology indicates that greed can decrease the satisfaction gained from resources, but maintaining pleasure requires more investment, creating a vicious cycle.

At the same time, greed causes people to overlook risks, which is why it is easier to lose money in a bull market. The lively atmosphere in the cryptocurrency space, including the tokens one has sold at a loss, makes people ignore existing risks, focusing instead on what they have lost or missed in terms of profit opportunities. This leads to all-in bets, FOMO, and a gambler's mentality.