The newbies lose a huge amount of money because they think the crypto space is a get rich quick scheme. They tend to trade their emotions leaving their analysis behind. Due to impatience some lose a huge amount of money and get frustrated along the line. Lack of mentorship always contributes a great loss for the newbies

Before you can begin trading altcoins, you need to buy Bitcoin or a stable coin
Transfer Your Money To An Exchange which is very reliable in terms of security and trust.
Shortlist Your Altcoins. Ensure you do proper research on the altcoins you wish to trade.
Invest wisely .Monitor Your Gains.Do not be greedy ,there is always opportunity in the market
Sell Up When You're Ready. Cash Out because without cash out you are just counting numbers.

For you to be as successful as possible in the crypto space you should never trade your emotions in the market trends. When emotions are traded first it makes you so skeptical about the trading strategies you are using. You need to always stick to your trading strategies and never get too emotional because it always keeps on making your loss greater than your wins . so never trade your emotions in the crypto space.

Holding is not an easy task. But the goodnews is that's if you master the strategy you will become successful on the long run .when you start holding try to involve yourself in other things maybe go fishing, take a walk or go swimming this will help you stay away from constantly looking at your portfolio then with time you'll realize you are going to be profitable .its not an easy task thou but if you  Master holding you will really enjoy it.

Without patience its very difficult to make profit in cryptocurrency. If you are always patient enough to stay in the market and hold your asset for a long period of time ,definitely you will be rewarded much more than you invested. Remember that quote "The patient dog easts the fattest bone"...... So Patience in crypto space is as important as you can think of.

They think bitcoin is a get rich quick scheme. They lack that quality patience. The newbies cannot manage  their greed. They always panic and sell off their token at loss . They also neglect the need of doing their own research before investing in a particular token.

To start on crypto you need a very good knowledge of what crypto currencies are all about. Know how they work and the risks involved
After that make sure you sign up with a verified exchange and register on their platform ensuring you enable your 2FA(two factor authentication) for maximum security.