Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.
Some people are losing money in crypto because they don't have a strong hand to hold, they easily becone panic when they saw the market is bloody and start selling at loss. It is written by some expert here that we will not loss if we don't sell at loss,but still there are a lot of hard headed trader that always sell at loss and those trader is the small trader or newbies, because if you are a small trader you only used a small amount of capital or you can't afford to buy big amount of tokens those traders is always afraid to loss because they only have a small amount of capital, while big trader is the trader that is already rich or millionaire and they are not afraid to loss that is why they earn a big amount of profit. Because they have a lot of money that they can used anywhere for their expenses or in everyday needs and I am sure they can purchase token and forget it for a year, I think everyone status has also a big effect on losing because of selling at loss.