Not the noobs, even the users who have been into the market for a longer time period does the same. Even when the price reaches low, people will look for further crash. This happens with users, for the reason to accumulate more if the market crashes. Most of the people doing this were the low volume holders who spend on investment sacrificing more funds allocated for life needs.
True, most small-time investors are like that. They want to get such a tiny amount of price difference hence always wait for a lower price and miss a chance, lol. Baller goes for DCA and looks for any time the price drop down to a certain point that he knows it will turn to be profitable a few years later.