Many beginner traders have experienced losing by trading alternative coins, those traders lost their investment very quick because they are lack of knowledge and skills in trading. They didnt research about that specific coin and some are dont know how to read graphs and coin flow prediction. even i experience that also, i ln my first time in trading alt coins im losing my money converted it in bitcoin and bought a specific coin and after a week my investment got lost so fast because i dont know how trade well.
This is the mistakes by a beginner trading without knowledge. Just entering the market without do your own research will definitely lose your money. It is okay if you converted to bitcoin as long the project you invest is profitable in the long run. Lose money in trading could happen without a plan, lack of knowledge and greed as mentioned above. This is why it is significant to learn and analyze the market this could help even a beginner.
Because all they think about is making a big profit in a short time and only seeing the price go up and after making a purchase they expect the price to continue to go up and it turns out the opposite.
as I know the majority of beginners make mistakes like doing something without being based on adequate knowledge and analysis with their goals, and end up losing in a short time.