It's always a bad move to invest in something you haven't able to grasp and fully understand it. I bet a lot of crypto holders today don't fully understand the crypto they are holding as well and this spell for a bad problem when that crypto didn't do well.
there are even some people who invest only because of fomo, without understanding what is invested, regardless of the risks, they only focus on instant profits. even though it's very risky.
about gold, I think it's better to invest in real gold, which you can see and hold physically. while in the crypto world, there are still many trusted coins and potential tokens that you can use. understand the risks, understand the strategies.
Yes, you're right. I think the same as you. Many people come to this cryptocurrency world without having proper knowledge and specialized skills about the market, which makes them face a great risk of losing their money. I don't know why a lot of people still think that cryptocurrency market is the market that you can easily earn money out of it without any special requirements. This market is just as same as others, you need to know it to be able to make money from it!