Financial ignorance could be one of the most common one. We are not teaching anything about economy to kids at all, we teach math, which is probably the closest, but not finance. They learn about history, they learn about geography, they learn even a foreign language in most cases, they learn so many things at school, and none of them learn about economy or how money works. Which I believe is intentional, because rich folk do not want kids to learn more about economy and figure out whats going on, they want obedient little workers, so that is why most people are ignorant when it comes to the market, and make moves like this.
Sadly, there are so many financial opportunities everywhere, especially on the internet, but the system isn't making them visible to the younger generation. I once heard a statement from a self-employed crypto enthusiast who is also a programmer. He stated that: 'Education does not give us the freedom we are entitled to.' These same rich folks introduce things that catch the attention of young lads but don't add financial value to their lives.
Thanks to the fact that some people are already finding ways to create a good financial plan for themselves, thereby learning how to be financially independent and self-employed. The idea of dressing up for a place of work every day is fading away, as everyone wants to become self-employed. Additionally, thanks to the financial transparency that cryptocurrency has brought to humanity.
The main reason is to secure capital.
Maybe not all of them, but at least many have the same dream, why invest in the crypto market with Hope and confidence to become rich after engaging in crypto investment, moreover, we see many coins other than BTC soaring with irrational returns in just a few days or even hours.
Everyone in the crypto space is only here for one reason, and that's to make a profit. Monitoring both Bitcoin and altcoins can give us the perfect chance to make profits from our investment. We shouldn't think twice about taking profits when the market is favorable because there are others who are always ready to take enough profit that might affect the price.
Speculation on new coins is now increasing because it is used as the main strategy to make money quickly regardless of the risk itself. It is true that in the end it returns different investment strategies and one thing is certain. Investment in BTC is a pure one.
Speculation happens to be a very effective strategy used by influencers and whales to generate massive profits. It has a way of influencing market activities, leading to either a pump or dump solely for the benefit of some.