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The reasons for losing money due to speculative trading in cryptocurrencies are many, and here are some common factors:

Short-term thinking

Frequent trading: Many investors often engage in short-term operations, frequently buying and selling cryptocurrencies, which not only increases trading costs but may also lead to missing out on long-term profit opportunities.

Chasing highs and selling lows

Emotional trading: Driven by market sentiment, investors often blindly chase prices when they rise and panic sell when they fall, a behavioral pattern that can lead to significant losses.

Insufficient understanding

Blindly following trends: A lack of deep understanding of investment targets, easily believing in rumors or recommendations from others, leading to investment decisions lacking rational basis.
Restlessness

Expecting to get rich overnight: Many investors enter the cryptocurrency market hoping to achieve financial freedom through short-term high returns, but lacking enduring patience and calm judgment, they are easily swayed by market fluctuations.
Lack of investment knowledge

Not learning: Lacking basic understanding of cryptocurrencies and blockchain technology, unable to effectively evaluate investment opportunities and risks, leading to erroneous investment decisions.
Lack of a sound investment philosophy

Lack of a long-term perspective: Failing to establish a clear investment plan, making investment decisions solely based on feelings, unable to cope with market fluctuations, ultimately resulting in losses.

Excessive leverage

High-leverage trading: Amplifying trading scale through borrowed funds, while it may increase profits, it also amplifies risks; once the market fluctuates, it can easily lead to liquidation.

Information asymmetry

- Market manipulation: The cryptocurrency market lacks effective regulation, insider trading and manipulation are frequent, ordinary investors are easily deceived by large players and manipulators, resulting in losses.