That's part of the problem (if we can call it that at all), because to be honest, the vast majority of those who invest in Bitcoin do it only for profit, and mostly in the short term (6 months to 1 year). Inexperience, ignorance and the influence of the media and some individuals are factors that very easily move such a mass of people in the direction they want. Every success in life requires knowledge and even more experience, and a lot of people don't have any of that when they start investing in cryptocurrencies - which is again the fault of the media and some individuals who promote Bitcoin as the magic money of the Internet which can be obtained by writing nonsense on some forum or solving captcha on faucets.

People who cannot understand the basic things of the market should not invest in anything, let alone in something as volatile as cryptocurrencies. Everything that goes up must fall sooner or later, and smart people use every situation to their advantage - anyone who has invested in the past few days will surely make a very nice profit in the next few months.