most people currently buy coins just to follow friends, crypto pump groups, and get info from other places to buy one of altcloin, and there are beginners who only know the famous coins that make them lose because they do not know which coins will go up. the price and where the coins will go down in price, then most of now the panic sells and panics.
If there were no such people, then there would be no profit in the crypto market. I think that many have passed through these stages. Everything in life is cyclical.