Beware of the Boiling Frog Phenomenon – Mindset for Cryptocurrency Traders

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Introduction

The cryptocurrency market is known for its high volatility. To succeed in this environment, it is crucial to be sensitive to subtle changes in the market. However, it is important to be cautious not to fall into the “boiling frog phenomenon.” This phenomenon refers to the situation where one fails to notice gradual changes in the environment and ultimately faces serious consequences. As a cryptocurrency trader, let’s consider how to avoid this phenomenon.

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