What are the side effects of Vega?

In the realm of cryptocurrency and finance, Vega often refers to the sensitivity of a derivative's price to changes in volatility. But, for the sake of this question, let's assume we're discussing Vega in a more figurative sense, perhaps as a metaphorical "financial drug" with potential side effects. So, I must ask: What are the potential side effects of Vega in this hypothetical scenario? Could it lead to over-reliance on volatile market moves, resulting in poor investment decisions? Might it inflate traders' risk tolerance, potentially exposing them to significant losses? Or does Vega create a short-term euphoria that could blind investors to longer-term risks? In essence, what are the behavioral and financial implications of a "high Vega" state in the minds of traders and investors? Could it potentially distort market dynamics, or even encourage unethical behavior? Answers to these questions may help us better understand the risks and rewards of pursuing high-Vega strategies in the complex world of cryptocurrency and finance.