Same actually......when someone asks me what are the best altcoins to invest in? Then it's better to keep quiet and divert to bitcoin investment because I don't want to disturb him because of the altcoin investment invitation that I mentioned.
Honestly, there have been many losses in altcoins but I have swallowed all of them, so only invest in btc that really produces long-term.
Yes, I feel that I have enough knowledge and then assume that some things including trading can be mastered easily. Then they can do it easily. No, they also have to have more specific and in-depth knowledge about crypto trading. As long as you prepare it well enough, then you can actually still understand and do it even by doing. However, you still have to be careful because this is a high risk that will come later. This often happens when many prospective traders only rely on their limited abilities, so the risk will also be much greater.
Your insight highlights a critical truth about crypto trading: overconfidence in limited knowledge can lead to significant risks. While preparation and hands on experience are vital, they must be paired with deep, specific expertise. Crypto markets are volatile, and success demands more than just surface level understanding.
Prospective traders often underestimate the complexity, relying on basic skills, which amplifies their exposure to losses. Thorough research, risk management, and continuous learning are essential to navigate this high stakes field. By acknowledging the need for caution and in depth knowledge, traders can better position themselves to mitigate risks and achieve sustainable results.