In the cryptocurrency world, the ratio of those making money to those losing money is about 1:9. In the last bull market, some big players made over 100 million with FIL assets, but during the bear market, they ignored advice and leveraged everything to buy the dip on FIL, ultimately losing all their wealth and ending up with millions in debt, and going missing after borrowing money; meanwhile, there are also those who made money by cashing out at highs and buying the dip at lows with Dogecoin, Bitcoin, etc., doubling their net worth and then keeping a low profile.
These two types of people are a minority; most either lose hard-earned money or make a little profit. In fact, it's not difficult to become part of the 10% who make money; it's just that the temptations in the cryptocurrency world are too many, combined with human greed, which leads to losses becoming the norm.
In the bear market, many people have been pessimistic about the cryptocurrency world; newcomers need to make their own judgments and not just follow the crowd.
