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.
Big ptoblem in newbie is that they enter in cryptomarket just to buy memecoins in pancakeswap. Newbie are usually watch youtube video and they started to buy meme coins like shiba,Safemoon. They have no experience of trading, market rules . some of them even not know how to deposit and withdraw and their all trading depend upon friends help.
I could not agree more with you. Since crypto has become a hot topic, especially during this pandemic, many people have basically just made their way inside the market without even knowing what to do. They are also easily persuaded with enticing tactics and advertisements and think that crypto trading is just an easy thing to do. While being optimistic is not a bad thing, I think newbies have too much of it that they tend to overlook that they must be worried of the outcomes and risks of trading in crypto.