What do you think is the root cause of the loss in Cryptocurrency Speculation?

For example: You have 1 million in assets, and you use 700,000 to buy a coin.
The next day, this coin fell by 1%, and you lost 7,000 yuan. You don't care, anyway, it will rise back sooner or later.
On the third day, it fell by 3% again, and you lost nearly 20,000 yuan. You have no fear because it will rise back sooner or later.
On the fourth day it rose 2%, and you made a profit of more than ten thousand yuan. You smiled, everything is under control.
On the fifth day, it suddenly hit the limit down, and you lost nearly 70,000 yuan. You felt a little uneasy and started fantasizing that it would hit the limit up on the next trading day.
On the sixth day, it rose by 4%, and you breathed a sigh of relief, thinking that Cryptocurrency Speculation still follows certain patterns.
On the seventh day, it rose by 1%, and you began to anticipate.
On the eighth day, it rose by 1%, although you may feel that it's rising slowly, at least it has returned to the original amount, which is also contentment.
On the ninth day, it suddenly fell by 8%, and there was also a period of falling limit, you started to panic, suspecting whether you have chosen the wrong coin.
On the tenth day, it fell another 4%, and you started to get angry.
On the eleventh day, it didn't fall anymore, and you firmly believe that the price of your coin will rebound soon.
But in the following week, it did not Rebound, but Sideways oscillated. You went online to learn about crypto world knowledge, and based on your understanding, you think this Sideways is the legendary Market Maker Accumulation!
After you continue to hold the currency for a month, not only did the price not rise, but it fell by nearly eight points. You started to numb and thought that if you could break even, you would withdraw the money and stop cryptocurrency speculation.
But contrary to your wishes, what you bought is still falling, and now you finally see a new concept - stop loss!
Your heart hurts so much, struggling inside, not knowing whether to leave or stay 😂