Most people who are trading are not as well.

Whoa!! Now that is something new I am hearing on this forum. People here more or less talk about how to pay taxes incurred on bitcoin trades rather than using bitcoin to pay other taxes.

I read through your post and it seems you started with Margin trading. Now for a beginner, if they dont have any previous experience in margin, they will lose money. If that was your case then I am sorry to say, but you took the wrong foot forward.

Beginner should start off with spot trading which is buying/selling asset of crypto. I can see why you got misdirected as well. No wonder the numerous advertisements on social media and continuous spamming of margin trading sites making it the trend on internet in the last 2years.

However, do consider that you have lost money and will not be making up the loss in any manner. Still spot trading is something that you can do. Buy bitcoin at low price and hold it for a time to sell at a profit. Of course this price is much high to buy so cant give advice on that.

But dont go for margin long and short, you will lose more than you even make and at least in spot trading you are having an asset to hold, in margin you only have a contract which is going to get liquidated soon enough. That is how these exchanges make money.