Don't be kidnapped by the "Herd Effect"; be an independent thinker.
In the cryptocurrency world, news is exploding, and community opinions are tumultuous, making it easy for many newcomers to be influenced by the "herd mentality."
Seeing others buy frantically leads them to follow suit, and witnessing panic selling causes them to also panic and cut losses.
This is a typical herd effect, which fills the market with irrational fluctuations.
Truly successful investors understand the importance of maintaining independent thought and do not blindly follow the emotions of the crowd.
They make decisions based on their own research and judgment, rather than being swayed by market noise.
Learning to resist group pressure is a crucial mindset for success in cryptocurrency investment.
