So... that's exactly like every other market then.
Kinda, yeah, though I think there's more emotions drivel trading at bitcoin market than others, most of other markets are professionals only, most of us here are pure amateurs... I wouldn't say that.
Other markets are usually much, MUCH bigger and thus harder to move one way or the other.
They also have many financial tools not yet available for bitcoiners.
(Shorting is still somewhat limited and I don't think I saw any puts, or other derivatives.)
I have coworkers buying stocks even if they have no ideas how things work. It's just trendy to do so.