I'm looking at a list of 100 cryptocurrencies in real-time and a ton of them are down 15-25% so far tonight.
Trading seems fun, exciting, exhilarating, etc. so it has a lot of draw to it. And many people won't dig deeper than the euphoric emotion that they feel. However, trading is MUCH harder than investing. And much of the industry is bent towards getting you to trade rather than invest.