In other words, a serious approach is needed once anyone tests the waters risking money in crypto.

Generally, the majority of those people especially newbies who got wrecked are those who think that earning money in crypto is just easy as 1,2,3. No such thing as learning the basics, understanding the risk, practicing and testing strategies are done.

Honestly, with a serious approach and dedication to pursue a goal of getting a decent return on crypto, we can have a positive result. Losing is part of trading and that's usual. However, if one can able to minimize it and maintain winning stats, then surely they will have a good run.