Quote from: Johnyz on July 23, 2021, 10:43:42 PM

Quote from: cryptolord2077 on July 23, 2021, 10:23:24 PM

Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous.
In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.

They are riding the hype on a bad way and that’s why they lose most of the time. That lack of knowledge is normal for a newbie and if they act recklessly, that’s the time they’ll lose because learning is a process and they should not take any shortcuts for trading.

There’a a lot of good resources available online, its easy to learn how the things works here, I don’t know why they can’t still afford to spend time with it.

Hype isn't always bad. You can make a lot of money on HYIP, but people without experience, as a rule, lose, because they do not know when to leave on time.
Such things come with experience, after several unsuccessful attempts and loss of money, the mechanisms of work of such projects become clear