Emotions are the main reason people are at an advantage/disadvantage in this market. In the first stage, everyone will have expressions of stress, a little doubt, lack of trust, lack of understanding, etc. In that state, people are susceptible to pressure and lead to psychological breakdown. panic out of the market. This only Rekt, investing blindly, impatiently also leads to his decision changing abruptly. That is very useful advice for newbies, they need to practice crawling before running. It is necessary to understand and be aware if you want to succeed in the crypto space.
You are right, but to avoid all this it must be taken into account that it depends on the personality, each person is different, they have different ways of thinking and acting. In general, those who fall into stress and despair are people who do not have much knowledge, that is why reading books would not be bad for them, currently many people are guided by influencers through social networks, especially on YouTube, those who give advice, they do not even follow it themselves, if a person reads books about investment, trading, that does not have to do only with technical analysis, they can do very well, books by Robert Kiyosaki, Warren Buffet are the ones that are recommended for Investors, for market speculators I recommend Livermore, Wyckoff, among others, but if there is knowledge, it is known what to do in various scenarios.
