Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
There are situation wherein following a famous people (like Elon's tweet about doge) can really give you a huge profit if you happen to join the ride while it is still on trend. But we should not rely alone to these influencers because we dont know their intention and it can be a trap.
Thus its better to have our own knowledge about the certain coins so we are aware if there are basis to believe these famous people on what they has to say.