No one is able to do this (timing the market) in traditional markets but everyone does try to do it both in traditional markets and in crypto. Why do people think that they're able to do this?
Is it because they think they can do it while no one else can? Let me know folks.
I guess people just wanted to know how much they can make a 'educated guess'. There's no difference in like a roulette or a baccarat game. They think they can predict it and when they hit it, they feel like they are invincible and can accurate hit in the next time, however, they will feel sad when they got it wrong. Yeah, maybe is like a badge or something, no other people can predict except you and that will make you feel great.
SO you mean its like when you get the winning at first time you get confident about the next round and then you go for it blindly. But when the next round turns out to be bad then the psychology starts playing the game where it says you will win and win big this time but you dont really. Then your brain starts working where it says that you will get your losses and profit in this round and this keeps going on forever.
Yes off course the time kills it, if you dont control it then it will kill your game for sure. This is very common thing to happen in the world of crypto currency.