It seems that all this was read back in the year 2000.

The market is shaking again. Bitcoin is crashing, altcoins are sinking, and exchanges are recording million-dollar liquidations. And then the question arises: “Who are these people losing millions? Are they really that foolish?”
If you had a million dollars, you could live on an island, enjoying cocktails under a palm tree. But that money goes to the exchange. Why? Because even the most experienced players make mistakes that could have been avoided.