Here are five reasons why people might experience losses during a Crypto Currency bull run:
Insufficient Research: Investors may rush into investments without thoroughly understanding the fundamentals of the cryptocurrencies involved.
Overreliance on Leverage: Excessive leverage can amplify losses if the market experiences sudden fluctuations.
Succumbing to FOMO: Fear of missing out may drive investors to enter the market at peak prices, leading to losses.
Neglecting Risk Management: Failure to implement stop-loss orders or investing beyond one's financial capacity can result in significant losses.
Ignorance of Market Cycles: Not grasping market cycles can lead to mistimed buying and selling, contradicting successful trading strategies.
Approaching investing cautiously and being well-informed about your assets is essential.