They lost their money because
- Did not do their own research. DYOR is a first thing to learn, practice in this risky market.
- They are too greed and skip all rules they learnt to join and gamble, even with scam projects. They smell risk but they accept risk and they are readily to gamble.
- They use leverages uncontrolleable and were liquidated.
Topic: Don't panic - page 20. (Read 12276 times)
I don't blame them for being panic, if bear takes over the market while you are still holding some altcoins you will be forced to hold for years again like 2017 or take your loss and leave, this is why I warned so many against buying at high price, this isn't a time to buy but a time to take profits but many don't see things this way
Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.
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