While old bitcoin investors have proven that bitcoin will only be profitable if it's hold for quite long years, these newbies in the market who rush to invest without knowing their investment well prefer to believe that it's a get rich quick investment, hence the more you invest, the bigger chances of making massive profits.Yes it could be true, but an investor who lacks knowledge and patience will never be successful in the long run, but may continue to lose his funds even if he invested a lot in bitcoin.
Honestly that is a lot of the traders, they end up trying to make some money based on the altcoins they think could skyrocket very quickly, and then they realize that that is not how you make money in the crypto world but not before they lose some money.
I believe that we are going to see a lot of people make a lot of mistakes, but in the end we should realize that it is going to take a while before we could get some serious profit by investing properly, and not really do anything at all that's crazy. We need to consider the reality that it is going to cause a lot of people a lot of damage if we are not careful, if we can be careful and not make many mistakes then it is going to end up with something that could probably end up being a lot better.