It is like expectation vs reality, and now, it is also true with bitcoin. I am sure some of these newcomers have high hopes when they entered crypto. They thought that what they were reading about getting rich in crypto is easy peasy. But to come find out that it is not a walk in the park to achieve such position. As bitcoin market is very unpredictable and it is influenced by many factors, it is hard to make short-term prediction. And so getting profits is not a guarantee in this market. You need to work on your analysis and trading, and it will take time. If you have no patience, then, this market is not for you.
Some times you won't blame newbies who adventure into cryptocurrency recently to turn to billionaire within short time frame, actually the good propagation of bitcoin investors is to known or study the radar of bitcoin chart and mastered it properly, some daily traders makes profit and also get lost in the market sphere because of lack studying or information.