The cryptocurrency market, unlike any other market in the world, is very volatile. And investors that are involved in the market have, at one point or the other, faced large losses. The reason for the losses can be and are of multifold. However, in essence, they are all the same; money is lost.
In the cryptocurrency market in specific, the reason can be anything from technology shortcomings to general speculation caused volatility. One of the major reasons for the loss in the cryptocurrency market especially is lack of discipline or blatant overconfidence.