$Tiger Brokers(TIGR)$ Let us think about this in terms of behavioural finance. Can you show me any 10 year period in the market, since the history of the stock market, that a person who bought on day one lost money exactly 10 years later?

So is it the market that loses people’s money or is it the behavior of the people in the market that causes the losses?

Very few people time the market well. Furthermore, during time of volatility people often make poor decisions. They either get out too late and then get in too late again (Sold the bottom, bot the top) or they get out too early and fail to maximize profit runs, or they get out to late after a short term correction, or they get in and out too much and they are eaten alive by expenses and fees.

If you bought a well diversified portfolio and held, chances are you would do better than if you tried to time in and out of the market.