Quote from: _BlackStar on October 02, 2023, 06:41:01 PM

Quote from: Chilwell on October 02, 2023, 05:42:21 PM

Quote from: Poker Player on September 29, 2023, 02:29:51 PM

-snip-

Your assertion is accurate, yet the majority of those who lose money so easily do so because they lack information and only consider the profitable aspect of trading while ignoring the costly aspect, loss. Everything required information in order for us to avoid being on the wrong side of it. You cannot invest in anything if you decide not to trade because you are afraid of losing everything, then you will never be independent.

Not necessarily - some of them are experienced traders or at least know how the market works. Don't assume that the 90% of traders who lose money from trading lack information about what they are trading - but you have to admit that crypto price volatility is very volatile.

I also believe that most traders who lose in a trade are not because of lack of information but rather lose money because of miscalculation while others are due to excessive greed that prevents them from selling in hopes that they can sell them on an even higher price.

Quote from: _BlackStar on October 02, 2023, 06:41:01 PM

Of course I agree that some of them bet on luck - like just buying hype coins and then being abandoned by their investors. We have seen many cases of losses including meme coins and the like - but trading for them still exists.

I experienced this kind of thing, due to a lack of fear of the possibility of scams and rug pulls, I often buy hype coins, which end up me bag holding worthless shit coins in the end. Cheesy