Indeed, I feel that as long as it is a transactional investment, it is a psychological experiment, because all investment operations in the trading category are personal psychological battles.
Any financial instrument has a psychological impact on participants. All that is associated with the receipt of prizes or winnings or income due to psychological stress. This is how the human psyche works. Therefore, a good investor can only be a person with a stable psyche. But bitcoin attracts many different people. Therefore, we often witness panic in the market.