Many people put money without knowing whether the place is safe or not, besides that they hear the news that the way to get rich quick is to invest in bitcoin, when a bear market occurs they panic and think that crypto is a scam and there is no hope of rising again .
Most of them are those who are willing to become millionaire in couple of days and they trust on youtubers who guiding in wrong way. Most of these websites are just promotion based. Research is must before investment wheather it's crypto or any other business. Bull and bear are essential part of crypto and we have to find these condition and then invest wisely.
The crypto market has bull and bear markets. A bear market means prices are falling, and people are generally pessimistic. A bull market, on the other hand, is when prices are rising, and people are optimistic. These cycles are normal in investing, and it is important to identify these conditions and invest wisely.
Yes. Looking for references is really needed so you don't make the wrong decision. and the fact is as you said Many people make the mistake of investing without knowing if it is a safe place to put their money.