I just read an article saying over 90% of crypto traders have lost more money over time than they made

I just read an article saying over 90% of crypto traders have lost more money over time than they made.

How come people here pretend they all made it?

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partly larp, partly survivorship bias

>Most people lose, so that means anyone who wins is lying

survivorship bias, next question

>Get in with $1k in 2017.
>Peak at $900k
>Get greedy, down to $200k
What's so confusing? The money you make, the more you lose.

>reading fud

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Do you think people are more likely to brag about making a lot of money or losing a lot of money?

> Why would a forum that gives complete anonymity compel losers to LARP as multimillionaires

Christ, what could this guy do? His body is to die for but his head does not suit it AT ALL. He could get a different haircut, make-up, even fuckin plastic surgery, his head is just too darn big, it's like a bobblehead like they unscrewed his head and screwed it onto some random buff dude.

>I just read an article
Let me guess, the headline ended with "experts say"?

few people make most of the gains.

next question?

My alts failed me already, except that I have some DOT and ETH on staFi

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It's shopped and he used a bad lens resulting in his head looking bigger. That being said his head is too big still and proportionally he's still fucked.

I'd roughly top the guy on left
I'd giggle in public at the right

key word "traders" for the most part if you just buy and hold you have made money. Normies stay away from Eth or BTC, they try to day trade random cryptos - which is gambling.

Is that dude 5”1?

>be me
>DCA 200k since early 2017
>now have 200k
mfw I missed two bullruns in a row

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Most people are retarded and impatient, your point is?

That is probably the exact same stat for all equity markets. 90% of all swing and traders are shit...doesnt matter if theyre trading tesla shares, lumber futures or Shib.

Many here are in profit, or close to it. Niggas is here to do their homework.

90% of these crypto traders failed because they didn't do their homework, didn't manage volatility, didn't have a trading plan, got greedy/emotional, didn't sell... and quit.

I don't know why people think they can just show up to anything and get paid. Just saw something today that tons of BTC purchased in the 60K area was sold in the high 30s. Its obvious these people didn't do their homework and don't really understand the asset. This is a recipe for failure in any area, but especially for crypto.

as others have said, there's a strong survivorship bias when it comes to crypto. many get destroyed, convince themselves it's a scam, sell everything and move on with their lives, never to post again. the that stay are generally the successful ones, whether that's through luck, skill or patience.

t. been around since 2017, seen my fair share of it

Also people trade the wrong shit. It's significantly easier to trade low caps on kucoin because the only people who trade those are other traders. It becomes self fulfilling. You can't predict BNB going up 12% in a day but you can near guarantee a 20% gain on a low cap creeping for a break out. Depending on the size of it you can market buy and force algo bots to drive the price up. Just get ready to dump on the top gainer fomo.

Eg: CTI pumping 120% in four hours from where I bought it then dumping 70% because I accidentally spent 40k on a 5m mcap coin instead of 4k

> that tons of BTC purchased in the 60K area was sold in the high 30s

thank god for those people, how else would we turn a profit?

reading these kind of things make me happy. even though i haven't made enough money to change my life in any significant way at least im still well in the green.

I don't think you understand the question. You just gave an example of someone who is not part of that 90% statistic.