yea you are right. the problem most newbies face is the inability to endure long term investment, they are easily tempted to make some little profit from the ups and downs of the market, and may be driven to make wrong decision by selling their bitcoin holding due to a temporary market fluctuations, and may make a wrong decision of investing in alt/shitcoin and later regret after a massive dump without rise because that is definitely what's gonna happen.
I would like to add a little, apart from that, they also generally have no other choice, I mean they have other reserve funds to be able to take advantage of opportunities during times of fluctuation to get cheap prices when the market is deeply corrected, for example and they are ready to lose several percent, even up to 10% more than their initial capital.
Yes. I agree that there are many things that make people obsessed with increasing their assets using various tricks, even though sometimes they are also very aware of the risks inherent in doing so. I think it's very natural to even run into a coin that is currently hype for a moment.