I see that some newcomers to the crypto market have had enough hype that they actually buy alt at current prices thinking that it will never go down or make rich overnight. but in fact it can happen the other way around because the price movement of a coin changes at any time. and people are losing money because they panic after the coin they bought goes down in price.
It's normal since they are newcomers and still understand about Crypto was really fluctuate, It also happens to me when basically try real trading for the first time (With intention to get profit) By joining some telegram group and telegram bot and basically it's common mistake for everyone when the price was rise they basically will buy and get stucked with that coin when it dumped and the just doing cut loss which make you loss, Experienced trader was also sometimes nervous but they can handle it more calmly.