Why can't people make money on crypto? It would seem like a market that can easily grow several times. But for some reason people leak. Let's figure it out. There are several reasons why many people cannot make money from cryptocurrency. Below are some of the main reasons:
Lack of knowledge and experience To make money on crypto, you need to know the market, technologies and trends well. If a person does not have experience trading in financial markets or does not understand the technical side, then getting a profit can be problematic.
High volatility The crypto market is too volatile, which may be a risk for some investors. The news alone can be enough to send cryptocurrency rates out of control, leading to losses. For those who do not know how to work in a volatile market, the risks increase greatly.
Fraud There are many scams in the cryptocurrency space. Deceived investors lose their money because they cannot distinguish between a legitimate project and a fraudulent one. This is why all projects in our community undergo mandatory verification.
Impulsivity Many investors who trade in the cryptocurrency market often act under the influence of emotions. They sell at the bottom, buy at the height. Like now, for example)) This can lead to the loss of large sums of money.
Lack of discipline Crypto market = big temptations. Oh, how I want to fly into the whole cutlet with x50 leverage to take all the juice from the market. Alas, no matter how much you say about the maximum leverage of x5, there are always smart people. All this is about the lack of discipline and risk management.
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