But there is one thing you did not list above and that is knowing how to trade. You must know how to read the charts and listen to the fundamentals. You can understand that many newbies of these days does not know how to trade but they have been trading maybe after watching one or two YouTube videos.
and after losses, beginners with no trading skills find out they have to upgrade their trading skills. what you say is reality. many beginners are currently trading because they hear news related to crypto. they watch some videos then get a reference signal channel and follow it to trade.
maybe at this time, many novice traders are experiencing this phase. instead of looking for people who can teach them directly. or even just looking for additional information regarding strategies and how to read charts. All they think about is trading for quick profits.