I think one thing is for sure if someone is still loosing money in cryptocurrency investments, it's a lack of research upon doing what is and what's that throughout his investment. He doesn't know any single thing on what he's going to invest such that he only chooses coins or alts that he hopes it could give him a good profit in the future, then in the long run it cannot give him any profit and by that he tries another opportunity similar to that. Repeating cycle to lose for investment.
Crypto assets include commodities that have fluctuations in value that can go up and down at any time so that people must understand from the start the potential and risks before making crypto asset transactions. Generally, many investors enter because of speculation and having fun to seek greater profits. However, there are also those who enter because they follow what is currently busy and becomes a trend.
The characteristics of investors who are limited to joining in, of course generally do not really understand how it works or the characteristics of the investment assets. So, investing is more encouraged because you want to participate in getting high returns, in the end it is speculative.