1. Decision-making based on rumors: In the cryptocurrency circle, many investors tend to rely on unconfirmed "rumors" to buy and sell, such as "recommendations from a certain great person" or "disclosures from close friends in the circle", rather than in-depth study of technical analysis. They believe that they can easily follow the investment with just a token code, ignoring the importance of rational analysis and self-judgment.
2. Trading addiction and emotional operations: Frequent trading and blindly chasing ups and downs have become the norm for many novices, who dream of accumulating small profits every day into great wealth. However, the reality is often that frequent operations lead to rising costs and even miss real investment opportunities, eventually falling into financial difficulties.
3. Strong resistance to setbacks, but difficult to withstand shocks: In the face of a market crash, leeks often show amazing psychological endurance, firmly believing that long-term holding will eventually usher in spring. However, when the market enters a period of shocks, the real test comes, and many people find it difficult to persist and eventually fall before dawn.
4. Go all in and invest: Influenced by market optimism or the comments of "bigwigs", some investors choose to go all in and ignore the importance of risk management. This extreme investment method may bring short-term huge profits, but more often it is a double increase of risks and pressure.
5. Fear of heights, missed opportunities: When the market rebounds slightly, some investors rush to sell out for fear of profit taking, missing out on subsequent larger gains. This mentality causes them to frequently miss out on opportunities and miss out on potential wealth appreciation.
6. Mistaking luck for ability: A small number of investors become self-inflated due to accidental success and mistake their temporary luck for their investment ability. They are blindly confident when the market picks up, and may eventually suffer losses due to the lack of a sound investment strategy.
7. Ignorance is fearless: They have only a superficial understanding of basic concepts such as blockchain and smart contracts, but dare to invest heavily. This blind behavior without basic knowledge is often accompanied by huge investment risks.
8. More familiar with the letters of the tokens than the technology: Some investors are familiar with popular tokens such as BTC and ETH, but know little about the technical principles and network architecture behind them. This phenomenon of "only recognizing letters but not technology" limits their investment vision and depth.
9. Position affects judgment: Once investors have a heavy position in a project, they tend to become stubborn, turn a blind eye to negative information, and even resist voices that raise doubts. This phenomenon of "position determines the brain" makes it difficult for them to maintain an objective and rational investment attitude.
10. Entering the market at the end of the bull market: Due to information asymmetry or lack of market sensitivity, many investors tend to enter the market in large quantities only when the bull market is coming to an end. Market risks at this time have increased significantly, but they may ignore this fact due to blind optimism. Ultimately, they may suffer significant losses as the bull market turns to bear.
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