And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!
It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.
From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.
This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.
Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.
Because Bitcoin investment is the same, if the person carrying it out is someone who doesn't have the right knowledge and is obsessed with wanting to get rich quickly. I'm sure this won't produce maximum results. Because what is certain is that typical people like that usually have a tendency to quickly panic, are impatient, and have no commitment to their own intentions. Therefore, it is very likely that if a person invests in bitcoin, and for example the price of bitcoin falls, a person with these characteristics will immediately panic and sell. Therefore, knowledge, experience and understanding are very important in the realm of bitcoin and crypto investment or trading.