You made a very important point here, it was insightful thanks, I have personally experienced this when I initially started Cryptocurrency
I think Many come for fast money when bulls come in. They invest in any project they can find just to make more money. And when the market goes down, they sell losses because they know they have bought low-quality coins.
As much as it's good to make money with market movements, there's nothing as important as actually taking the time to study the company. At least you know that the coin has real value.
Investment must always be done with a thorough investigation of the project.