According to William B. Swann's theory of self-validation, people are constantly seeking or eliciting feedback consistent with their self-concept in order to gain a sense of control and predictability over the outside world, thereby maintaining and reinforcing their original self-concept. Especially in the volatile cryptocurrency trading, traders have assumed that "I know how to grasp the volatility of this market", and combined with their following of charismatic leaders, it can be said...