That's exactly what I meant by the impatience, they get reckless which ends up with them doing stupid decisions that caused them to lose their money in the process. Lack of knowledge can easily be solved, just read more and you're good to go, on the other hand, impatience needs to be trained and you must have the will to remove that impatient behavior.
but some of them are not impatient but instead diving into market without complete learning and knowledge meaning they are the usually loser in the market while whales are starting to bag money.
those newbies that had been lured inside the market because of the easy to be rich scheme in which they enter without analyzing .
and many of them are those desperately needed money because of the pandemic and not knowing the risk of what they are entering .
Many beginners come to the crypto market because bitcoin has become a boom this year and even millennials are trending to jump in because they want to feel big profits.
First come to the market because they want big profits.
Second, because FOMO means they are afraid of rising prices and end up buying without proper analysis.
Third, do not think about the risks that occur after entering the market.
So in conclusion they are too ambitious in this matter and in the end they will lose a lot of money without experience and guidance from others, so of course all of that requires a process and also patience in the technique.