They are not familiar with the situation so they do it that way. It's worth mentioning that these types of investors are beginners. In my neighborhood there are people like that who bought when the price of Bitcoin reached $60K and now the position is all wrong. When I asked why he could buy at that time, the short answer was because of a friend's invitation.
Many of the beginners they are ignorant of knowing the methodology of buying and selling of Bitcoin and also the different between investment of Bitcoin in long term and short investment. So therefore i believe that if new investors of crypto should know the rudiments they wouldn't involve in losing during their investment. But i noticed that so many of them doesn't like know all the possible steps before they involve into cryptocurrency investment and especially bitcoin. that's should be one of the factors make some people to venture into disadvantages of cryptocurrency investment