Can you name any of them that have gone bankrupt? I'm a crypto player/trader but so far so good and I have never been bankrupt.
You are saying that there are many traders that have failed in the crypto market.
Do you have any reason on why you are saying this or you just basically want to say this to scare others?
It is common sense, in other markets the percentage of traders that make profits is very low, probably below 20%, and the percentage that make great profits enough to make a living out of it is even lower, and when we take into account that the market of cryptocurrencies is many times more volatile than all of those markets then it is a very safe assumption to make that the percentage of traders making profits is even lower in this market.
But even if that is the case that means that the profits that you can get in this market are many times higher than whatever you can get in those markets so it is still worth to invest in this market because if you are successful you could easily change your life.