People are going to be scared because sometimes they did not fully understand crypto.They invest only and not to study well how it works and what to do when crashes down happens.The result is they get panic and sell again their coins.
Exactly scared because they enter the market without understanding the risks. People should know the huge risks in trading cryptocurrency. Price is not stabilized it may went down instant or go up. Hence, should know the process and dont panic right away.
beside that, sometime people over confidence if his coin bought can pump at later time without fully understand cryptocurrency, at real fact that coin go down and panic sell result. after that moment he scare to invest again at cryptos