This is why I say that trading isn't for everyone. It requires skills as much as it requires patience. You never go on leverage when you're not sure of the market, and never do it with 100x.
The reality is that people will nonetheless try it because they want that quick money but it is stories like this that puts the risks in perspective. It is tough to lose it all but you've got a valuable lesson out of it, and don't forget you made the money once you can do it again!
^ Definitely right and I must agree with your point of view. Trading is required skills and knowledge and this is not an easy way of getting profit. When you see that the market suffers losses because it is in a bearish situation. You can take a break in trading or just do a little scalping while waiting the price will surge back. If you don't have enough skills on this, I suggest you pay attention to the investment process which is a very simple way of making a profit once you have patience holding on to it.
the usual reason why they go all in even with insufficient knowledge is for the hope that they will get good profits but most of the time, we will hear sad stories afterwards. that's a learning lesson for them. and next time, they will be more careful and they will at least do their own assessment before entering again. because if they will commit the same mistakes again and again, i can call that as stupidity. no one will help you but yourself in this market. don't rely from others' perspectives. you need to take care of your own business here.