I am new to the forum and rather new to the crypto markets. I do invest in other assets for more than 20 years. The crypto world is new and strange compared to the Cefi world. I think most people who tend to lose a lot are probably going with the hype and do no research. In my opinion the crypto markets are still in the infancy stage and have not yet fully matured. In investing you have the risk reward theory. The higher the risk the higher the rewards. The rewards you sometimes see in the crypto are so extremely high that they involve huge risks. Most newbies probably do not realize this and are being fed the stories of people who became overnight millionaires with doge or another shitcoin. All the people who lost a lot of money rarely make it to the news.

I started a couple of months ago on the height of the last bull run with a couple of 100 dollars. I lost half of it playing with it, last weeks i am reading a lot and watch youtube for information about the different concepts. The potential of crypto is huge, but to me it appears there are also many developments that make it extremely risky. But since investing is also a hobby i think i will be enjoying myself the next few years!