Why do people think that they can time the market?

[Sinecoin]

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. 

[1714852558]

1714852558

[Kingofbitcoin12345]

Objectively yes.. It’s hardly be accurate in predicting the true dip and peak of cryptocurrency prices.. Their is no such thing as great timing,, maybe a better timing is good enough in many occasions..

Bitcoin users has this tendency of being too confident and boastful because of pride and egos.. This won’t change so easily as this is our characteristic and surely our attitude as human..

Influence by others,, most of the time the popular one.. Fanatic mentality..

[Kunlejoe0]

The point here is people like to consider themselves smarter than the rest of the way people and this position in it self is great fallacy. Market can not be timed. No matter your experience and skill, all you can do is to speculate.

[Indrawan77]

Yes it's true that nobody can timing the market 100% precisely , but most of them using data, history chart and market trend to try to guess what will happened next, most of them just guess how much the investors able to buy the coin and what is the rational price to sell, based on experience,  some traders and investors psychology, the speculators predict the price