The reason I have come up with this topic now is for the fact that the value of bitcoin has been good from past one week or so and this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick just like they thought for 2017 bull run without understanding how crypto works and ended up being the losers or panic sellers. I urge everyone to take a moment and do research before investing.
Who are these
"most newbies"? Where did you see the data?
To my own observation, at least, today's new players do have a reference now compared to what happened last 2017 bull run where only a few anticipated of the big crash that's why continuous accumulation even on that high price was encouraged. Today, they already know that a big crash may happen anytime even in the middle of the peak. And to those who got wrecked last 2017, no way they will just easily put money on bitcoin again after they witnessed and experienced the wrath of the bear market.
As far as the latest price is a concern, I don't see any wrong movement if newbies will consider buying at this price rate even price will crash to $6,000 tomorrow or next month although it wasn't likely to happen*. But of course, it was obvious that before putting money on something, there should be considerations.
"Investing in crypto" is not the same as the usual investment we have known in general.