Being a newbie, they tend to fall in to panic sales during market manipulation. Many start investing in crypto by hearing their friends earning a lump of profit out of a coin. Hearing to it, they get exited to earn like their friends earned. Without basic knowledge on trading, they invest on the same coin their friends invested and loose their money on panic sales or by choosing the wrong coin. But later they tend to slowly learn from their mistakes where by then they loose all their money.