Most of the people lack's patience every time the market price is dropping and that is the reason they lose a huge amount of their investment due to the volatility of the market.
Lack of patience, lack of experience and they never treat these corrections as a nightmare but not an opportunity to buy at very low price.
They look at the crypto market as an abnormal market where they will buy a coin worth $1 and will think of the profit few days with 1000% gains.
Though this happened before but it's unlikely today.
Still safe to say that this is somehow happening today. These kind of people were those who has believed the hype that Bitcoin brought us last December 2017. Actually not only the lack of patience is to blame for the loss here, but also the lack of knowledge or misconception on how to properly handle the cryptocurrency investment. Youre right about those people who want to buy $1 coin then wants to become rich overnight , they'll probably the one's who will loss a huge chunk.