Reasons why newbies lose money in the cryptocurrency bull market:

First: At the end of the bear market and the beginning of the bull market, they are afraid to buy. Having just gone through the bear market, they are still thinking with a bear market mindset, missing the best time to enter.

Second: In the mid-bull market, when the trend starts, they hesitate to buy, always thinking to wait a little longer for a lower price. During this time, if they enter, they might find themselves stuck at the peak, making it difficult to buy in.

Third: They can't hold onto their profits, frequently engaging in short-term trading and selling at small gains.

Fourth: Misuse of leverage leading to liquidation.

Fifth: At the end of the bull market, when the market goes crazy, under the pressure of profit, they can't resist the huge temptation, frequently increasing their positions to chase the rise, leaving themselves standing guard at the peak. To determine whether the bull market is still ongoing, the simplest strategy is to keep an eye on Bitcoin's movements. As long as there is no large liquidation, it means the bull market is still on!

As a seasoned cryptocurrency investor, I freely share my experience and insights. Interested in the crypto space but don't know where to start? Follow me to see my insights, and I'll help you achieve freedom in this bull market.