There are people who “lost” money they could have garnered had they stuck with their homes longer while the market was going up. Some of them express regret at not being patient enough to hold off on their decision to sell, although that is frequently tempered with the “bird-in-hand” argument.
There will also be people who will “lose” money as a result of buying during what they recognize is a falling market.
From a financial perspective the difference between the two groups of losers is that the former’s losses are widely viewed as consisting of unrealized profits, whereas the latter group’s losses are in the form of hard earned cash.
Patience and commitment has a reward if you can identify the trend; the trick is to exercise that patience and commitment.