Yes, that is true. Emotional control is important so that we don't panic easily. Usually newbies lose a lot of money because they are stuck with their own emotions and can't wait to monitor changing market conditions. The importance of market analysis should also be studied by newbies so that they can have an idea of what benefits and risks are obtained. if at any time the price of the purchased coin turns out to be too high and market conditions actually go down, the solution is to hold the coin until the price stabilizes again. do not sell cheap because it harms you.
It starts with a lack of education about investing in crypto, if they believe that crypto could bring easy money on their investment, then they are wrong and they are most likely to get FOMO easily resulting in big losses in the end as the market does not move in an uptrend movement forever. However, if they really want to stay, they need to learn from their experience and be smart next time.