We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.
Yup, newbie who are so aggressive lack of knowledge but only guts, they are the one who've become the milking cow of those playing around the market. The problem is, some of these newbies are victims of so called hype in social media and they are the easy target, we all know that in trading, someone will lose and someone will gain money from losers.
Even with a less experience in trading newbies usually trade with a high leverage trading thus got rekt easily they never consider the high volatility of the price but throw in their funds in a bid to make huge profits whereas they lack all the necessary skills to achieve that having been convinced with fake and photoshoped trading results found on social media thinking that trading is very easy and profits can be earn cheaply, this is a wake up call to all intending new crypto traders to follow the learning process in order to be a successful trader.