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.
Well spoken, newbies sometimes believe that once they have the basic knowledge of the technical indicators and training analysis, they feel too proud to put huge amounts of money for investment, not knowing that experience really matters in crypto trading. For example exchanges like Binance provide room for newbies to partake and gain little experience in trading as they will be provided with virtual trading illustrations. So we have to gain some experience in practicing before put a huge investment in crypto trading to avoid huge lost.