Ask Leo : Why does most crypto amateurs investors lose their investment during the bear market?
I think it is safe to say that most of the people who lose their money to crypto are the amateur crypto investors.
I stand to be corrected If I am wrong.
source
While their are lots of people who have made millions in the crypto ecosystem their are also people who have gone bankrupt because of cryptocurrency.
To me those who lost their money to crypto are amateur investors who do not have adequate knowledge in what they are investing into before they invest, while those who made millions are either crypto experts or people who know a thing or two about what they are going into but the best is to have adequate knowledge about it before investing.
Amateur crypto investors tend to sell in times like these when they should be buying or holding their crypto. If they can just hang on that would be a big plus to them when the entire crypto market eventually rises.
Here are the main reasons for me why amateur crypto investors lose their money to cryptocurrency.
Thanks for viewing my post and do have a great day.
Posted Using LeoFinance Beta
Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, DHS, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.
Anybody could lose their money in crypto, not only amateurs. Everybody literally loses in a bear market.
Posted Using LeoFinance Beta
Yea everyone might lose in a bear market but in my own understanding which I stated in the post. Being an amateur can increase the rate at which an individual lose because their are some cautions that the individual might have used but because he/she is an amateur you tend to lose more than someone who knows about how the crypto system works right?
Thanks for sharing your view on this post 😊
The problem with the free market is that rookies will try to earn money without doing their own research and due diligence, and when they knowledge and experience is put to the test, they have none, and they end up losing money. Never get into a business without having at least some background or creating one for yourself (dyor).
I noticed you are using the tag #newlion, this tag is used by the community (and the curators) to find the first Leo post of the newly onboarded lions, if you use it for your normal posts, all you are doing is hurting the new members of the community who want their first post to be discovered :(
Gave you a full vote (0.5 LEO haha)
Posted Using LeoFinance Beta
Definitely a little background knowledge won’t hurt.
And thanks for sharing more light on the newlion tag.
And also for the full vote 😊 thanks 🙏.