The crypto world contracts amplify the greed and fear in human nature. Under the stimulation of leverage, greed makes people blindly chase the price, fantasizing about getting rich overnight, while ignoring the risk of getting liquidated; when the market experiences a big dump, fear triggers a stampede-like cut loss, collapsing before dawn. Most people become slaves to their emotions—constantly moving their take profit up during profits, ultimately leading to a pullback; and holding on stubbornly during losses until liquidation. Ironically, in a Bear Market, they dare not buy the dip, and in a bull run, they dare not hold long, repeatedly dominated by fear of missing out (FOMO) and cut loss anxiety. True trading masters are always fighting against their instincts: binding greed with discipline, resolving fear with rationality, positioning when others are fearful, and exiting when the crowd is euphoric. The crypto world has never lacked opportunities; what it lacks is the clarity to overcome human nature.

FOMO-5.19%
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