The person in the story said himself that crypto is a new field, what did he expect? It's obvious that there will be higher risks and you need to study thoroughly, anyway don't get depressed, the situation still might change, hope his family will be ok
Same thing I said in one of the members of the telegram group I joined.
Crypto currency is still young at this age. People still do not see it much. Mostly people who are working using the internet knows this. How about those other workers? They do not even have any idea what crypto or bitcoin is.
So we could really say that we are not even in the middle of it.
He's knowledge is not sufficient that's why he lose all of his investment. In the story he doesn't research or study anything how cryptocurrency works, he relies only in news that people become millionaire in crypto. It is true that some people become millionaire but the question is how they do it? He trades without any knowledge about trading i think it's his fault.
Could be. But that is what crypto is, taking the risk. Cause if he did not really knew that then he should have just stayed with banks with annual interest.