Crypto Wakanda: How People Lose Money in Crypto

In "How People Lose Money in Crypto," author and seasoned cryptocurrency trader Morgan Crane takes you on a journey through the most common ways people lose money in the crypto space. Drawing on his years of experience trading and investing, Morgan reveals why so many people fall victim to scams, bad investment decisions, and plain old human error. He then provides clear advice on how to avoid these mistakes and protect your hard-earned money. If you're looking to make money in crypto, this book is a must-read. Morgan starts by breaking down the three most common ways people lose money in crypto: scams, bad investment decisions, and human error.He then provides clear advice on how to avoid these mistakes and protect your hard-earned money.1. Scams There are countless ways to get scammed in the cryptocurrency world. The most common scams are Ponzi schemes, exchange hacks, and social engineering attacks. Ponzi schemes are designed to take your money and then use it to pay other people who invested earlier, giving the impression that you're earning a profit. Exchange hacks occur when hackers gain access to an exchange's systems and steal the users' funds. Social engineering attacks are when scammers trick you into giving them your private keys or seed phrase.2. Bad investment decisions People often lose money in crypto by making bad investment decisions. This can happen for a number of reasons, including buying into a pump-and-dump scheme, investing in a project with no real use case, or holding onto a coin for too long after it has peaked.3. Human error Finally, people often lose money in crypto simply because of human error. This can include forgetting your private keys or seed phrase, losing your hardware wallet, or sending your funds to the wrong address.If you're looking to make money in crypto, it's important to be aware of the most common ways people lose money. By following Morgan's advice, you can avoid these mistakes and protect your investment.