Bitbull explains why traders lose money: paper trading creates false confidence and revenge trading destroys accounts

Bitbull (Bastian Keller) warns that paper trading misleads beginners by creating unrealistic confidence since traders have nothing to lose, and that revenge trading after losses, especially with leverage, can quickly wipe out accounts. He notes Bitcoin's recent volatility, with futures open interest rising to $37.5 billion, highlights the danger of emotional decision-making in live markets.