Let's Look at a Real Case Scenario
We have of course seen what happened with project like LUNA, MANTRA etc. Those traders that failed to ask themselves the hard question before investing lost not just their money but also their trust in the crypto market entirely and not just that it also rendered most of the investors bankrupt and then back to square one.
This makes sense! I can relate to what happened with LUNA before - I lost too much! Especially, it was also the time the FTX issue happened, it's like a double kill happened to me.
After this, I learned a lot. It's like it became a lesson already, and I can agree that it helped me to become a responsible trader.