The threshold for the cryptocurrency market is very low. Most investors start trading directly after entering, and very few take the time to learn about investment knowledge, understand candlestick patterns, or learn how to make money and how to lose money in investing. Therefore, psychologically, people tend to underestimate the professional difficulty of investment.
This underestimation may stem from the fact that many people have a certain level of ability or small achievements in other fields and assume that investment can also be easily managed. But in reality, when entering any new field, we are all novices and need to calm down and learn humbly.
Because of underestimating the market, many investors may only need to make one wrong trade that leads to losses, which may be difficult to recover from in the coming years.