New investors coming into the market when its hot.
They have no knowledge about the coin their investing in, they are just looking to make money - The sad thing is that the market is volatile and the veterans are making money from this swings.
People are greedy so although we encourage everyone to invest only a little portion of their investments, they go all in, in hopes of getting millionaires by night.
So as i was saying, the market goes up a little, they pride of their investments to friends - their friends dont want to miss out so they buy in because of FOMO (Fear of missing out) - Then something happens, the veterans are taking some profits and the market percentage goes down (We call this correction).
Its very hard for regular people to understand this phenomenon and they are being fed with news like The Crypto Bubble is popping - What do you do as an individual who invested all his life savings and watch shitty news which influence your emotions? - Thats right, you sell them to minimise the loss.
Do you know who is there to buy you out? - The veterans who sold their coins when the market was hot.
So you are left out of the market with a loss of maybe 20% of your investments and now you are spreading bad words about Crypto and Blockchain, that they are a ponzi scheme and so on - The problem is, people are very easily influenced and they will form a bad opinion of this new technology - Thats not very good.