Crypto market is volatile market, and I think that everyone who came to the world of cryptocurrency at least has that knowledge. If someone doesn’t have that knowledge, then it's kind of ridiculous because they can come to invest and they have no knowledge about it. Unfortunately, there are many people who came to the world of cryptocurrency like that. I think that most of the people in the cryptocurrency world make a fortunate thinking that they will make minions or trillions of moneys. I really can't understand if they are foolish or extremely obsessed with positivity.
Crypto market is not a place for rookies. They come to the crypto market to give their money to others unless they are ready to learn from their mistakes. Most of the people lost their assets in crypto market rather than earning. Why is it like that. Even if people gamble with their assets, they have chances to win but why doesn’t it happen in crypto market? Have you ever heard that anyone could do better by gambling. It's kind of addiction and at the end everyone ends up losing something from it. In case of crypto market, people can win even several months but in a single crash, it can wipe out all the profit one earned in a single day. Even invested funds can be wiped out or stuck for long term or forever.
In recent crypto market crash, it wiped out the money of many people. I saw online that some people say that crypto is scam and people should stay far from crypto market. The invested and lost all of the money in crypto market. One thing is very clear that they suffered huge losses. One thing I don't understand why they invested too much and don't have proper understanding of it. Additionally, most of them do leverage trading which is extremely risky without having proper knowledge. Even many professionals do not take high leverage unless they are very confident. They lost all the money which is sure that they have done leverage trade and all of their assets liquidated.
Again, there are some people who come with gut amount of funds. They have the money to keep investing and they think that they keep investing when they suffer loss. They just do it without having any kind of strategy thinking that they should keep doing that and keep the market will returning everything to them. But the fact is that how long one can keep investing, especially when downtrend starts. Emotions are called a weakness in cryptocurrency trading. Crypto is not friend to anyone, and it does not care about the emotions of others. Just because someone is thinking that crypto with give good return for keeping invested is not the right idea. Crypto is for smart people and those people who can control the emotion and take fried decision can actually make profit in long term.
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