In the cryptocurrency world, if you don't understand these risks, you may become a "leek" at any time.
Cryptocurrency speculation is indeed a bit like gambling, because its feedback is immediate. The price of the currency may rise or fall by 10% in the blink of an eye. After experiencing such rapid ups and downs, when you return to the stock market and see those people who are excited about the rise and fall, you may feel that they are a bit "unworldly".
But once that kind of excitement gets on your mind, it is really difficult to get out of it. If it rises by 10% today, you still hope it will continue to rise tomorrow; if it falls by 10% today, you always feel that it will rebound soon. In this way, unknowingly, you may fall into it until you achieve financial freedom or your assets return to zero.
So, you might as well ask yourself: Am I also trapped in this mentality? When investing, you should be more rational and not be overwhelmed by short-term excitement.
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