Dear America, It's crazy how many people get into something, like investing whether crypto or traditional stocks, just because other people are doing it and they think "hey, I can do the same thing." However, many of these "new investors" haven't or won't do a little research everyday to strengthen their knowledge on the particular subject/area of interest they're about to pump hundreds of dollars or worst thousands of dollars into...nope they don't do it. Take into consideration that these are the same "investors" that are selling when grandma, after the 7 o'clock news calls them and says "I heard Bloomberg talking about cryptocurrency and he said it's a bubble, don't trust it." So those same people develop fear, spread uncertainty and doubt (FUD for new comers) throughout the community of "new investors" when they hear something negative from unreliable sources and begin a selling frenzy among like minded "investors".
This happens for a few reason but I'll name the number one reason. The main reason "new investors" are unsure about what to do is because they don't know who, what, or where the quality sources are. So usually what happens is their first line of news or info is a media outlet social or otherwise, that is not catered to cryptocurrency, it's enthusiasts and it's investors like Youtube for instance. If you're a "new investor" and you're reading this remember the four of the most important letters in the cryptocurrency world... HODL. That'll be all.
Signed,
Plhus1