This sounds more like you are talking about gambling. Newbie traders are not traders though if they do not follow the rules and strategies and if they are full of emotion without no risk management. What is most important in trading that newbie traders fails to understand is that risk management is very important, traders have to reduce their risk, looking for less profit rather than focusing on higher leverage.
Most of newbies including traders and investors are gamblers.
Why are they gamblers but they think they are traders or investors? Because they spend money to invest or to trade without knowledge, without their own research.
They invest because they read or heard someone wrote or said that Bitcoin is a good investment. They don't know market cycles, prices and psychology. They don't know effects of Bitcoin halvings, fud and massacres to clean up the market before each new bull run.
They trade because they receive signals, entry price and exit price from a signal group. They don't know how to use Stop loss, Stop limit orders and over use leverages.
With serious lack of knowledge, experience and risk management, they will be very easily to panic sell by themselves or be liquidated forcefully by exchanges.