Why do people lose money in cryptocurrency?
Cryptocurrencies are a high-risk asset, and many lose their savings in the chase for quick profits. Here are the main reasons:
1. Volatility — the price can drop by 50% in a day, and panic only exacerbates the situation.
2. Fraud — scams, fake ICOs, exit-scam projects.
3. Inexperience — newcomers buy at the peak, sell at the bottom.
4. Vulnerability of wallets and exchanges — hacks, phishing, loss of access.
Who do you think is to blame for the losses? The individual, the fraudsters, or market instability?
👇 Leave your comments, share your experiences! Some have already lost their deposits, while others have managed to earn? 💰🔥
