it also happened a lot during the ICO period in 2017-2018, many new investors were completely zero knowledge but dared to invest in crypto. people who rely solely on luck in the investment sector are no different from gambling that rely on luck equally. if people are willing to learn to understand the conditions of the crypto market, learn about the project that the token / altcoin is going to buy, and especially about the price volatility, maybe this can minimize losses. in the crypto world there is no instant money investment.
I said it before, there is no 1 reason, its more complicated than we can control it or predict it 100%
all that we are doing is increasing knowledge and wishing good luck to decrease loss.
keep learning, increase your investments limit wisely, always invest in what you can lose. it is the basics of investing anywhere not only crypto but as crypto has higher profit it also has a higher risk.
no pain no gain
you can't keep seeking for getting rich quickly without a plan, you can keep planning for years to get a big jump in short time, but this requires hard work and patience and also time.
not everyone can wait for that much and put hardworking on future plans. this is what most people think about getting rich quick.
quick is possible but with no efforts is not possible.