And that is by far one of the biggest problems in this market, the mentality of the new investors that come to this market, instead of treating bitcoin and altcoins like any other investment they treat them as a way to get rich really quickly and do not take the appropriate precautions, then when they predictively fail they claim that cryptocurrencies are a scam and scare away potential investors that do not want to go through that not understanding that a less risky approach will work wonders in this market.
In a business like this, risks are your weapon because it is the one you before winning or even losing a battle. In order for you to win, you must take a risks making a decision that makes your goal possible, but if you lose why not take another decision and make better ways than ever before, most important part of your journey is learning not trying, because all of your loss will be nonsense if your mistakes have been occurred multiple times, we should learn at our mistakes. There are rewards if you already make your decision and it makes you possibly get what you want.
Risk is a weapon and just as you can use it against the market the market can use it against you and that is a problem, there are many traders out there that have taken huge risks to reach their goals and while some of them have been successful while doing this the majority have lost everything that they had, and when you think about this it is fair to ask who are the ones that took away that money from them? And the ones that obtained those profits are those that took very low risks.