that is a big problem though. because existence of newbie trader wannabes makes everything that much more unpredictable. so you may think a rumor is worth buying but the newbies panic on that and you think you should sell when the newbies are FOMO buying!
Newbie traders have to learn and start trading properly or get out of that business.
I think that crypto trading is more difficult than stock trading, exactly because of the fake news and manipulation (news and some exchanges too). But as I wrote in another place too, some just came here because they've found some advertising that crypto will make them rich no matter what.
The thing is that because crypto is available to anyone with at least $20
and any exchange is open to anyone with Bitcoin, anyone can start trading
without prior knowledge of what to do.
The availability of bitcoin and accessibility of exchanges combined with
"News" good or bad, true or false is transferred into the market and we get
big price shifts for no apparent reason, like yesterdays slump.