... Some newbies with zero knowledge of bitcoin thinks is a get rich quick scheme and they rush into trading which is the normal mentality of buy low and sell high which is easy said than done as a naive person in the market.
Even non-newbies do like this and have mentally like this. And what's the result? Same thing. Well, few got the luck, got sold before the dump happens. Well, yeah, it's a get rich quick scheme for those lucky who got their self before the dump. Because of this, they will try again to another coin, then boom, get burned. I've read stories like this. Become rich overnight, due to greed, turns out to have debt after chasing losses.