As a newbie, don't follow any trend.
Just learn and follow your heart
Following trends in the crypto market can be risky. Here are some potential downsides:
1. Market volatility: Crypto prices can fluctuate rapidly, and trends can reverse quickly, leading to significant losses.
2. FOMO (Fear of Missing Out): Chasing trends can lead to impulsive decisions, causing investors to buy high and sell low.
3. Lack of research: Blindly following trends without understanding the underlying technology or market fundamentals can lead to poor investment choices.
4. Pump and dump schemes: Trends can be manipulated by market players, leading to artificial price inflation and subsequent crashes.
5. Over-investment: Following trends can lead to over-investment in a particular asset, increasing exposure to risk.
It's essential to approach crypto investments with caution, conduct thorough research, and make informed decisions to mitigate potential risks. #CryptoCharts101