Whenever I hear the personal story of someone who's dumped large amount into the absolutely most bullsh*t scammy cryptocurrency there is always some element of

Whenever I hear the personal story of someone who's dumped large amount into the absolutely most bullsh*t scammy cryptocurrency there is always some element of "I heard about Bitcoin in XXX and didn't buy any / got it scammed / sold it right away, and now I'm going to make up for it!" Spoiler: they usually don't. Many end up in a spiral of buying in to increasingly implausible risk-on choices in an effort to recover their prior losses (which is increasingly difficult and so requires greater returns) and repeated cycles of buy high/sell low. This is in contrast to people who merely find some crypto thing useful or are interested in investing in it on the basis of some beliefs about it and don't feel like they've already missed out on anything. They too may lose money, but if they appear to lose less, manage the losses better, and they tend to fall for impossible schemes or outright scams less often. It seems like the specific goal of offsetting a perceived loss is significantly worse than other goals even just a simple "I want to make lots of money". I wonder if the same thing goes for entrepreneurs too-- do people who feel the pain of missing out on a big tech corp paycheck or surgeon pay tend to go for less plausible businesses?