Understanding of investment is the main step to get results from investment, crypto has an unstable value so that its value can grow high and can also fall low. With that understanding we will not be easy to panic with the market downturn, stay afloat and wait for the market to recover, because the crypto market will allow it to grow again.
You're right People invest there money even they're aware that itsto much risky. There's hug chances of losing your money. Bitcoin and cryptocurrencies are same like Stock market but better than it since cryptocurrency is highly volatile.