If all crypto traders become greedy at the same time, prices of cryptocurrencies could rise very quickly. This happens because everyone is buying, hoping to make big profits. But this kind of price increase doesn’t last long. When traders realize the prices can’t keep going up, many will start selling to take their profits. This can cause prices to crash just as quickly as they went up. Such big ups and downs make the market very risky.
When the market becomes too unstable, it can scare new investors away. Some traders might lose a lot of money if they buy at the highest price before the crash. Greed can make people focus on quick gains instead of smart decisions, which can harm both the traders and the future of cryptocurrencies.
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