Just look at Bitcoin SV, right now is the best performing coin and many are investing in it when its price is so high and most likely that coin will go down during the next days and weeks leaving a handful of rich investors and the rest will lose their money.
Exactly! People see what they want to see. Bitcoin SV founder has made so many promises and lies,,, that keep getting shown and yet people forget and choose to believe what cannot be hoped. Then when the price will crash, they will wonder why it happened and blame the whole world around them!
It seems that most investors do not really get how the market really works, those that sold at the top got their profits out of those that bought their coins because of FOMO, and while it should be nice to wake up one day and see that you have tripled your money only the minority of investors will experiment something like that.
The rest will experiment losses between 20% to 40% and I really think BSV has a lot of room to keep crashing before we see an end to this.