Uncertainty about the future, also known as volatility in financial terms, is the norm in the cryptocurrency market. It is more of an advantage than a disadvantage, as without volatility there is no point in trading. Nevertheless, some novice traders and beginners look at charts and their jagged lines with fear. They are afraid that they will ultimately end up in the red, thus losing their income and savings. Instead of viewing the uncertainty factor as a blessing, many fall into panic, unwilling to test themselves in the market.

Failure and streaks of bad luck are the third main factor that deters novice and even experienced traders. A series of suicides that occurred in New York during the 2008 financial crisis is an unspoken testament to the power of persuasion. Bad luck, of course, harms the trader's wallet. But it’s not the end of the world. Most people simply refuse to understand that by removing the emotional factor from the situation, we find ourselves in a situation that can be managed reasonably. However, some traders, upon encountering failure, give in to emotions and break down.