It so disheartening to see newbies falling prey and investing in something they do not know about. To me i can never and will never invest in something i do not know nothing about because if i do am on the fence of loosing money. SOme newbies only love to buy without doing proper research or having no idea on what they want to invest in, some do not even know the risk involve in investing and trading altcoins/digital currency.'
Many believe that only happens in the market of cryptocurrencies because cryptocurrencies can be very difficult to explain to people and many do not get how they work or why they exist, but the sad truth is that this happens in all the markets, do you really think that most people understand how the stock market works? They don't, they hire people that they believe understand how the market works but they are unable to tell if the financial manager that they are hiring is any good because they know nothing about the markets.
And as such the majority of them lose money and they put the blame on the financial manager that they hired, the market, or the economy but at the end of the day they are the ones that are guilty by investing in something they do not understand.