Vast Majority of People Who invest in Bitcoin inevitably lose money, study shows
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A Bank for International Settlements working paper also notes that people dive into crypto not because of decentralized ideals, but because of rising prices.
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They must not have had three friends...
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Much the same is true in the stock market. People tend to buy when everyone is excited during a bull market, but panic out during major corrections. The average retail investor significantly underperforms the market, though I don't think the majority actually lose money.
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