Why do 80% of traders lose money?

It's a common question in the world of cryptocurrency and finance: Why do 80% of traders end up losing money? Is it simply a matter of bad luck, or are there deeper, systemic reasons at play? Perhaps it's due to a lack of knowledge or experience in the market, leading traders to make impulsive decisions or follow faulty strategies. Maybe it's the high level of volatility in the cryptocurrency space, making it difficult for even the most seasoned investors to predict price movements. Another possibility is that many traders are overconfident in their abilities, leading them to take on too much risk or ignore important signals that the market is changing. Or perhaps they simply don't have the discipline to stick to their trading plans, allowing emotions like greed or fear to take control. Whatever the reasons, it's clear that trading cryptocurrencies and other financial instruments is not a sure path to riches. It requires a deep understanding of the market, a solid trading plan, and the discipline to stick to it. Without these things, traders are likely to fall into the 80% of traders who end up losing money.