They start investing in the most complex and highly volatile market without understanding anything about it. Imagine if a surgeon worked like that!
Newbies are getting into trading. Especially into intraday trading with big leverage.
And this is already similar to a surgeon trying to perform a complex operation on himself without knowledge and experience, without anesthesia. 99.999% of them will lose.
A newbie thinks that money is being handed out here and that you can take it by quitting your job at the "factory". Anyone who thinks so has already lost. The crypto market is a place where money is being taken away! And to earn money, you need to study more than you have ever done in your life. There are no bosses or bankers here. And many lose EVERYTHING by relaxing for just one second.
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There is no need to read further. The vast majority of you will lose anyway. Whether you show them the rake or not. They always think they are smarter, without having any grounds for it.
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Start with observation and learning. It will take many months, then years. If you are not ready, but want to earn money right away... then you have already lost! Every dollar you throw into the fire (even if you see profit at the moment). Learning never ends. And this feed is definitely not the place to learn. 99% of the people writing here are those who are trying to earn a couple of bucks by monetizing content. Because they can't make money on crypto. But there are always huge hordes of absolutely stupid people here, whom they can shave for a few bucks.
I don't monetize content. These are too ridiculous numbers, for which I wouldn't get up from my chair) And I don't have a crystal ball. I write only so that at least a few people would think and start working on themselves, and not be fuel for the market.
The market is not changing... 95%+ will lose all their money here. I and others from the minority will of course accept it as a gift)
I made the first mistake too. 99% of those who entered the market with me, left it with losses, or have been sitting in huge minuses for years. Some will never get their money back. Because a drop of more than -50% requires growth of hundreds of percent! Many assets will never grow like that again. Every day, thousands of new altcoins appear. And most of them are simply left to their fate.
But I had years to improve (a newbie who came now will not have them before he loses everything). Now my portfolio is growing steadily. I do not pay attention to such corrections. The most I can do is to buy something at a discount. What is the point of twitching if in a month my deposit grew by 100%, and fell during the correction only by 30%
If I had twitched at every such movement, I would have lost everything long ago. As did those who tried to re-enter.
All newbies who try to re-enter the altseason will fly out of the market 100% and will catch an incredible fomo. And at some point they will buy tens of times more expensive what they once sold. And they will plunge into a bear market with this at -99% of the deposit.
P.S. I was smart enough not to make the second mistake. It is enough to study the statistics. The TOTAL majority of traders are already lagging behind holders in terms of earnings percentage at an average distance (from reasonable holders, of course)). And successful traders are generally one in many thousands. That is why the minority has a good income. Because the stupid ones pay for the entire crypto industry and X's.