When I first entered into the crypto space, I used to look down on myself, I mean anytime I look at most of my friends and agemate already making it in the space and doing well for themselves.
Yes, that is how many people who are new to the crypto industry recently have reacted at first. They always feel uncertain, and some even feel regret for not having had the opportunity to start earlier when those who are now successful in the crypto space began.But if we look closely and understand it well, it’s clear that it’s just a matter of time. Even you, who just got the opportunity recently, can also succeed but only if you follow the right path, such as investing in the right coins.Many people had the chance to get into crypto early, but their stories are different today. Some ended up losing their funds by investing in so called shitcoin projects or falling victim to scams due to eagerness or carelessness.
There are actually people who invested in one coin or the other in the past and still lost lost everything because they lacked the understanding of what they where investing in. There where even some of my friends who where not crypto traders but got scammed because they where advised to invest in coins they had no knowledge about...So honestly, I would have found myself in a similar situation if I had joined earlier with the same mindset I had when I first started.
This is one of the reasons why it is always good to have proper knowledge before starting a crypto investment. It is clear that with proper knowledge, someone will hardly be deceived or will be less careless. Those with proper knowledge will always try to do proper research before investing in any coin. So, lack of knowledge is what makes some people lose their funds in this crypto space. Knowledge is very important because it is what will always lead you in the right way.