What you just said is the truth wherein majority of the people losing money in cryptocurrency trading and only few percent are managing to make consistent gains. I actually created a thread in our local board last March 2020 about the reasons why there are only few that are becoming successful in their trading career. I created a chart showing the reasons why only few managed to survive in the cryptocurrency market. I'm glad that I'm belong in the 10% of the people who are making consistent gains because I'm educated and strategic trader. I want to focus on planning and also risk management because a lot of traders are failing in this part. I'm sure that there are traders not only here in the forum who thinks trading as gambling because they do not really understand the concept. Trading can only become gambling if you do not know what you are doing wherein you do not identify your entry points and exit plan. A lot of trader have also have get rich mentality that should be avoided, traders nowadays are just focusing on profit and not in the learnings that makes them a dumb trader wherein they cannot make consistent gains.
This actually sums up the whole process. Trading in general isn't easy and especially trading cryptocurrencies. You will have to dedicate A LOT of your time into getting to /master/ the whole process to invest your money on it. People actually invest money into this as a "test" to see if they will get any profit or not and they 90% of the time don't obviously.
