Every success comes from an effective strategy. Investing in Bitcoin is not like buying stuff in the market, but it should be planned well. Failure to come up with a good strategy will surely cost them.
Step by step is like: good knowledge, strong belief, good strategy, solid discipline for execution of your investment plan, then get success with profit.
If you lack any of them, you will very likely get failure and loss.
That is why we hear a lot of people complaining that they lose control of Bitcoin because they don't have enough knowledge. We have to remind ourselves that Bitcoin investment is risky and technical. It is a thing that should not be easy with this because committing a single mistake will result in losing their money.
In fact, even a simple form of investment requires knowledge. How much more in this kind of investment, where the situation is so volatile?
They are more vulnerable to market fud, volatility if they did not prepare enough knowledge for their investment start, and if they lack of strong mentality and discipline, they might have terrible investment practice and lose control of their actions very easily in this wildly volatile market. It's always terrible for newbies especially who did not do proper research before their beginning in this market when massive FUD comes within a few hours or days.