People losing a lot of money in crypto but more and more people keep on investing even more all the times. Question is when someone is losing where does that money go to? The money actually goes to people who are winning at the other end. When someone is losing money in crypto there are other people who are winning that money on the other side.
Those winners could be other users betting against the bets that the loser placed or the crypto exchanges lending you the money to play around.
Its better to not give into the greed and invest in safer forms of crypto liking picking out a good saving contract instead of simply buying a volatile coin and waiting for it to go up or down.
If you lost a lot of money in crypto I would say just hold yourself together. You still have a lot to live for and try not to make the same mistakes again.
There is a lot of market manipulation in the crypto market so you can’t really rely on any graphs or analysis because people controlling the market are working on very advanced algorithms. They know the numbers, they know that stats, the control the social media. They can start a new trend very easily and make sure everybody follow that trend. Then they look at the numbers and see which numbers suit their next move where they can manipulate the market to their advantage and they do that. Its either buy or sell but they know the exact moment and we don’t.
After losing a good amount of money in crypto I have decided to just enjoy crypto from a distance. The thing is you can build up a very good portfolio after there is always a chance to lose it all at once and then some at any given moment.
Best strategy is to invest in saving plans or simply put in small amounts in small coins and see if they go up or not.