Yes, I agree with what you said; it really shouldn't be because there are many people investing. You should provide confirmation as to why so many investors around the world are flocking to him. But if you don't know the reason why you invest in Bitcoin, it's not good, to be honest, in my opinion.

You should really invest because you know the reason and what potential it can give investors in the field of cryptocurrency. That's why others always
say to always do your own research.

I think there is a similar saying to this and it goes like " Don't do what others can do or are doing ". It may be because what they are doing are wrong. In crypto, we also have the term FOMO, which can be the same as that and we also been told that it's bad and we must not FOMO. What you acted when you are still starting is commendable OP because typically, a newbie is very curious and excited, so they just jump in the water quickly. They will only realized eventually that the water is deep and they will now start drowning.

There are still exceptional scenarios like for example we decided to follow our own instincts, when the other is more knowledgeable than us and does not mislead people.

when someone invests because of hype, then when the price goes down, and he gets a loss, then he will view the investment negatively, and usually spread FUD that is not true about it. However, there is now overwhelming evidence that many people who invest follow others. When other people make huge profits from bitcoin, they start trying it because they feel it is easy.
However, it will be better and wiser when we know what we are going to invest in rather than following other people. This will make us more prepared for the risks, and we will also have a mature strategy and consideration in buying and selling bitcoin.

That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.

Well its not necessary that if you follow a trend the currency or investment will fall out, that why we have what we call "hype" some hype is worth to invest because it means that more hype more people will take interest and invest in a certain project or curremcy, butnof course the investor should do its part also, I mean if you are not just an investor that is only thinking is profit then you might be the one of the investors that follow a trend but still didnt earn just because they dont analyse thw market first or the project, investing is always requires knowledge, analyse and critical thinking before you enter it, in that way you will know how can you manage your invest so that it will be favorable to you, it will be profitable for you, Inalso prefer to look at a currency or project first before entering the hype because some hype or trend will only last for a weeks and then no more.

What does it mean that your "investment is way below the minimum withdrawal"? You invest on a platform and not with BTC I guess.

But going on with the details about investing just because others told you to do so. It's a wrong idea of investing, you invest because you have learned about it and carefully did your research before you've made decisions to invest.

Many still does it the wrong way and thinking of it as if they're going to gain even if they go to the shortcut way of investing in BTC or with any other cryptocurrencies.

     The problem is that most of the time, they don't have time to learn about the crypto they invest in because most of the community investors are already ahead of themselves and believe in it. And this type of person who invests immediately is immediately carried away by greed, so they can no longer control themselves.

     And when the time comes when the promises about Bitcoin are released, those who were just carried away by the hype with their excitement and trust in the person who just shared with them will start to get frustrated.

True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

Actually I think following what is trending is not bad, but making research to know more about that particular thing is what matters you can't jump into something that you don't have any knowledge about how it works, that is why most people their first appearance in the market is just to experience lose reason is because they failed to get the necessary information about crypto investment before looking out to invest.