FOMO
It is seen in the crypto world that many people invest during the bull market. At that time, almost all coins are going towards the moon. New participants are always entering the market when it’s on its peak. What they have only understood is that if they miss this opportunity, they will never make money. The fear of missing out makes them irrational, and they want to invest in those coins that are designed to trap. As a result, new participants invest in those coins that are showing short-term value increases. When the bull market calms down, those coins cut in half or even return to zero. This is the big reason why many people tell you that the crypto world is such a risky market.
The lure of memes
Bitcoin and Ethereum are costly to invest in, but meme coins attract new investors with ultra-low costs and viral concepts. Many meme coins soar a hundred times or even a thousand times during a short period. The novice investors, when seeing such projects, are inspired quickly and invest 99% of their wealth into those projects, without knowing that 100-fold increases usually require 99% of your funds. In a meme world, only those people make money who designed these traps for you. Create this arrangement and wait until the bull takes over and changes the crypto movement.
Leveraged trading
If you want to multiply your earning potential, leveraged trading is the best answer. In addition, investors can trade with 10x, 20x, or even 100x leverage. But many people use these features to cover their huge losses, and as a result, they go bankrupt overnight. If this feature amplifies the gains, it is also amplifying the losses. So, if you also want to increase your income potential, use this feature carefully.
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