Some people do not have the holding power. If they buy bitcoin with the hope of gaining profit, they want that bitcoin should pump quickly so that they can cash out profits. But if the bitcoin dumps and they do not have the power to hold (due do financial issues), they sell it in loss. That's why it is recommended that we only put small portion of our saving in bitcoins but for long term.
It's like with lending money to someone: if you lend it, give only the amount you're OK with losing