The majority of the novice are lack of knowledge, they always want a faster profit here were for them there is a shortcut but the truth is not.
Aside from that, some of them are too greedy, and also some feeling veterans or experts for a little bit idea they get where in the end always got lose their assets.
In fact, when they come to trade knowing about the wrong information from different people about crypto trading, they lose their money at a fast pace. They will not be able to stay in the market for long due to lack of knowledge about the market. Since they are affected in the wrong direction from their initial journey, they come after incurring huge losses in getting on the right track.
I have seen many traders who go for margin trading but they do not know how margin trading works. So newbies can't control their greed which leads to big losses.