5 Reason $PEOPLE Loss In Bull Run
During a cryptocurrency bull run, #people may incur losses due to several reasons. Here are five common reasons:
1. Lack of Research: Investors might buy into hype without conducting proper research on the cryptocurrency's fundamentals.
2. Overleveraging: Using excessive leverage can lead to significant losses, especially if the market turns volatile.
3. FOMO (Fear of Missing Out): Jumping into investments due to fear of missing out can lead to buying at peak prices.
4. Poor Risk Management: Not setting stop-loss orders or investing more than one can afford to lose can result in substantial losses.
5. Market Cycles Ignorance: Not understanding market cycles can lead to buying high and selling low, the opposite of profitable trading strategies.
It's important to approach investing with caution and to be well-informed about the assets you're investing in¹²³⁴.
