Because they do so foolishly and with a bias toward the short-term. All of the people losing money on Bitcoin and crypto were trying to get rich quick and pred

Because they do so foolishly and with a bias toward the short-term. All of the people losing money on Bitcoin and crypto were trying to get rich quick and predictably got burned. Just like people who only hold a stock for a few days or try to get in on an option play like GME or AMC at the last minute.