Although the cryptocurrency market is high-risk and most people lose money, many people still stick to it. The reasons may include the following:

The temptation of getting rich quickly: There is indeed a surge in the price of currencies in the cryptocurrency market, which brings opportunities to obtain huge wealth. Some people hold the mentality of "getting rich overnight" and hope that they can become lucky and make high profits.

The attraction of high returns: Compared with the traditional investment market, the price fluctuations in the cryptocurrency market are large, and in the short term, it may obtain a yield far exceeding other markets, which is very attractive to some investors who pursue high returns.

Free and flexible transactions: The transactions in the cryptocurrency market are relatively free, without time and geographical restrictions. As long as there is an Internet connection, transactions can be made at any time. Moreover, a single digital currency can be bought and sold on multiple exchanges at the same time, and there are more choices of trading venues.

Accumulate experience and knowledge: Some old leeks have accumulated rich experience after experiencing many bull-bear conversions. They believe that they have improved their cognition through continuous learning and summarization, and may make a lot of money in the future. They continue to stay in the cryptocurrency circle with the dream of getting rich.

New order and rules: The cryptocurrency circle provides a new order and rules. For some people, it may be an opportunity to cross classes. In traditional industries, wealth accumulation may be slow, but the rapid changes and potential high returns in the cryptocurrency world allow them to see the possibility of changing their destiny.

Information asymmetry and misleading: Newcomers are often influenced by some success stories, such as hearing that someone made a lot of money, a certain coin has risen many times, etc., and blindly rush into the cryptocurrency world without fully understanding the risks. Some bad market participants may attract leeks to take over by telling stories and profit from it.

Belief in new technologies and trends: Some people are optimistic about the development prospects of blockchain and other related technologies, and believe that cryptocurrency is an important application of this technology. They believe that with the maturity of technology and the expansion of application scenarios, the cryptocurrency world will have greater room for development.