Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies most of the time when they get to learn the basic here in cryptocurrency, for them it is enough maybe to their mind to earn here quickly. But their thoughts deceived them, due to lack of knowledge and greediness, and in that way they supposed to be know that there is no shortcut here in this type of business.
Greediness mostly the cause of being deceived, thinking the market is just an easy venue to make decent earnings,
Newbies are mostly invited by friends of relatives who know how the drill, out of curiosities newbies wanted to see
same outcomes, they don't take extra time to first learn how the market work and what are the pro and con.
Wrong impressions and greediness lead them to lose and take them out form this business.