Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
You're not alone on this observation. You have no idea what I feel with what I have been seeing especially in facebook groups. Lots of people always asking first how will they earn in btc then other people responding by posting referral links which causes many people to get scammed. I haven't seen a single member asked what is btc and how it works. I understand that not all are aware of cryptos and not all are into tech. I don't claim to fully understand everything about crypto. I haven't grasped all the technicalities but I know deep in myself that I understand it to my best knowledge and I'm not just joining the hype. I know the importance of btc and I've made my own research.