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/1600397696098963457The problem is that nobody knows how long the bear market will last. Now many people not sure in the future and stopped investing because they do not have money for life.
Now economic situation in the world is very difficult and this reflects the total situation in the cryptocurrency industry. Because many people stop investing and cryptocurrency projects does not have any funds at all many projects stops development.