Over confidence in crypto trading as killed mamy whales in crypto space. They believe they have all the knowledge in crypto so its hard for them to loose forgetting that crypto is sometimes is unpredictable. Excessive confidence im a project its bad in this space
Anyone who has fully studied the cryptocurrency market, he already understands that the main value of the activity is the volatility of the cryptocurrency. Professional traders have long understood that you can make good money not only on price increases, but also on falling prices. So today the market is not in the best condition, but today everyone is using the opportunity to make money using the game for a fall.
If you're confident enough on your trading on crypto, that's couldn't guarantee you a good profit unless you're choosing a promising asset that could help you gain a sustainable returns on your investments. Other situations that leads to a trader into definite loss, was due to over confidence without even thinking for any circumstances to occur.