When any new cryptocurrency and nft projects become so papular even before the official lounch mostly people don't want to miss it and starts feeling FOMO. But nobody knows what's coming after the lounche mostly hype goes down in few days after the lounch and we don't even able to recover the money we invested initially
The best strategy is dont invest money which you need next day, don't invest your life savings or the money you borrow from friends and family, always try to start with zero or very little investment and when you have enough capital then start investing more money gradually
In past 6 to 7 years I learned a lot from my mistakes and still learning on daily basis, the Most important thing in crypto is risk management,because we become profitable traders and investors only when we try over best to avoid losses by ignoring fomo and artificial hype. That's why be careful and have patience