Very often people lose money and makes mistakes because they are hurry and do not check everything. When they see when other people earn money they want to earn more but they make more mistakes.
But now despite the fall of the market there are opportunities if to find them and check everything like this
https://twitter.com/thecoinplay/status/1600397696098963457Economic situation in the world is very difficult and it is hard to say when everything will change. Many people do not trust the authorities and do not believe than soon economic situation will change.
Now it is very difficult to attract financing for all cryptocurrency projects. Many people lost a lot of money and stopped investing. Because of not enough funds for the future development many projects stopped their development and leave the project.