No one is able to do this (timing the market) in traditional markets but everyone does try to do it both in traditional markets and in crypto. Why do people think that they're able to do this?
Is it because they think they can do it while no one else can? Let me know folks.
Theres several possible reasons to why people believe they can beat the market. The first reason is that someone like a youtuber or guru told them there is a way to beat the market. The second reason is that they've never traded before and believe if they do research and watch the charts they can beat the market every time. Sadly these common mindsets lead people to believe in this falseness which leads them to end up losing a lot of money.