Well that should be quite logical, we all like to buy when there are discounts, and it is a well-known fact that cryptocurrencies have their discount periods, some call it crypto winter. From the perspective of those who invest in the long run, timing may not be crucial - because even if someone buys 1 BTC now, in 5 years it would be realistic to expect that his investment will be worth maybe even x5. The risk of course exists - but turning $50k into $250k doing nothing from the current perspective seems like an offer worth the risk.
The problem is that people are looking for super cheap altcoins that they buy in large quantities, yet most of them fail before they achieve any success, if we can call the pump a success at all. It’s true that those who have bought some already well-positioned altcoins over the last 2 years today have reason to say they have succeeded - but it’s a game where few win and most still lose.
Crypto mining is for professionals who know math, not for amateurs who buy 2 GPUs and think they will achieve something like that, even if they steal electricity from neighbors