Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto
This can be true about what op had explained but it does not apply to everybody because it is very certain that some persons would lose as an investor maybe due to inexperience or lack of information that can help them get to where they need to be. Cryptocurrency trading or investment is very risky for those who might not understand what it means and entrails. Fro us to keep making money in cryptocurrency, we need to keep learning new things so that the information we have will not be outdated due to new trending that is coming up every season.
Both investors and traders are required to keep abreast of developments,
we can see for ourselves that the crypto market is constantly moving and if we fall behind it will be difficult for us to make a decision,
lack of experience also affects which sometimes people forget about it.
That is why you should keep reading the news every day, and if there are new coins or new developments in crypto, you should be up to date with them because you'll fall behind easily as the crypto right now is very far from 5 years ago, so if you just stayed where you are, you can't follow it easily. When it comes to experience, this will follow you once you have knowledge, as you are now more confident with your knowledge to invest or do trading. It is not required at first, but in the long run, it is very helpful because you can now say that this is a scam, or in your trade, you can easily say that this happened before, so the bias on this is uptrend or downtrend.