Many people became interested in crypto after the bullrun start, many people want to earn money after they had heard about bitcoin growth. I don`t think it`s a good index, but new people come to crypto and it can help make crypto more popular and demanded
well, right now I see a lot of news about crypto, especially bitcoin, on my social media homepage. this happens when the crypto price becomes high enough to be noticed. however, most people would think that this is something that can easily be used as a stepping stone to getting rich. So, it is only natural that nowadays people want to know about crypto. many opinions on this, such as scam, HYIP, and so on.
that's how many newbies feel that bitcoin is making a high pump.
they thought it would make them rich quickly. I don't prohibit them from participating in crypto investing. but they come without sufficient knowledge. it makes them easy to get caught in market situations.
moreover, some who ask me are people who have big capital but they are careless. one of them bought it when BTC was in the pump and then he panicked when he saw yesterday's correction. I warned him but he insisted.
Ok but what kind of knowledge do you need? You need to know two things most importantly: first is crypto can go up like rocket to the moon. Second is crypto can go down like a rock. The rest is less about trading, but rather why crypto is important to society in general. If you understand that you can make more informed judgments whether you think a cryptocurrency is cheap or overvalued, but even then it is difficult to have your decisions being on point.