Raise of the market attracts many people. Many people are looking for new opportunities to earn money and they pay attention to cryptocurrency.
And as they look on it, they're making themselves invest into the wrong projects because they're investing the unknown ones. It's a truth that whenever the market gets a raise, there are those people that only looks at that. They don't mind entering the market when it's low because it doesn't look attractive to them. Honestly, it's better to invest when the market is going through bears or just came to the huge dip or correction so they can buy with a discount.
Fomo's do exist, sadly a lot of newcomers are victims of artificial hypes. People who never bother to
deal with knowledge first before making their move investing inside crypto. Scammers are good in
playing with emotions.
You can avoid being one of the victim if you understand how things really work, the pump and dump
and those solid projects that will continually develop, sorting it out will give you better confidence
in choosing which coin have solid foundation and good for long-term investment.
It's part of the learning process if they want to get serious on the crypto market. The thing about having that mistake is they'll learn with their next investment as they buy the reputable cryptos.
They'll forget about the hype and will make it as a stepping stone that they shouldn't invest to the cryptos that are only made to hype. That will make use of them to be better.