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.
Usually it is always in the minds of beginners who have just come to the crypto market, they always want it to be easy to make money, of course, with their shadow investment, maybe what they feel is how much profit they get while investing is not as easy as imagined if we still haven't experienced it experience in the crypto world.
Indeed we know investing in crypto always earns fast money but it takes great skill in choosing a particular coin, is it all possible? of course not but they can understand how to choose and see good opportunities not just about easy which is always expected then it will be a big mistake too.
Excuse me, but this is very wrong...
I know of people who have been into crypto for over 8 years now and some of them have even worked on top 20 cryptocurrencies as developers. Do you think that none of them ever made an unbelievably bad decision? One guy did even go broke, but is back on his feet now. They are all professionals, they were all extremely sure about their decisions and positions, and yet some of them were wrong some of the time and some of them were right some of the time. Luck is also a huge factor, personal circumstances and much more. Education is a good point to start with but in no way is it an insurance against losses. I am sure you know from the media some gurus who dominated the markets for decades and yet have been wrong big time here and there.