We usually putting newbies as an example but I think, not only them doing this because even those who have been in the market for so long they still doing the same. It is to understand how risky is this crypto-investment, FOMO, FUds, these people seem to be easy to twist their mind and think negatively.
Some newbies have a better understanding of trading and possess more skills than an experienced trader and that is just by default. Some people are rigid and no market FUD can shake them while some despite being experienced will doubt their asset holdings just because there is some FUD being spread around the internet.
Those type of "experienced" traders should not be traders at all, that doesn't make sense. I have seen people who are amazing at math, like seriously they can make calculations faster than my calculator to a certain point, and they know what they are looking at as well, I have been "trading" for 8 years now, and I can easily say that if that person started trading today, he would be better than me in a month.
This is a potential for him, but proof that I should not be trading, thankfully I just trade based on whatever I feel and almost all my money is just holding crypto, I do not trade them, just bought them and holding them, rest is a small tiny amount (400 bucks today) that I trade and sometimes it grows bigger and sometimes it gets smaller, last I had to spend money on that was when it was all in erc20 and there was a lot of money required to get it out, and I did that thankfully, but I am not a good trader at all.