Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up. Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into. These is my view why many lost during this Bitcoin decline.
Too much people are expecting something big will come from the bitcoin while they are not aware with the reality of the price of bitcoin will always be dumped and pumped.
I have seen so many newcomers entering into the crypto market when the market was pumping so hard.
They are also lack of knowledge about how to trade.