Quote from: mindrust on April 18, 2024, 10:10:36 AM

It is the lack of experience in the markets. That person is a doctor, not a banker/fund manager. (Sometimes that won’t suffice too) He has zero information on risk management and money management. He might be a very good doctor but doesn’t mean he will be a very good investor. They are totally different professions which demand totally different skill sets.

Many crypto people learned to trade assets on the markets after they met crypto. Before crypto, they didn’t know anything about finance/stocks etc. So the idea of trading assets on the financial markets is too new to them.

They lack knowledge and education. They know nothing about risk management. Their minds are weak.

I too was one of those people and I too lost big potential gains in the past. I didn’t lose anything from my own pockets luckily but after reading many books about investing/finance/risk management I see now that I could very well have been that guy.

Once I read a forum user on WO and he said that he made his fortune before crypto, in the stock markets. That’s exactly where people should start learning about making investments before they do anything with crypto.

They don’t teach how to be a good trader in a medicine school too. People who became crypto investors learned it from the internet and there are far too much wrong info on the internet. Everyone has an idea but only a few has real information.

Everything you wrote here is right. Casuals have no business with trading crypto until they learn enough to get certified in finance and investing.