If you've spent at least 5 or 6 years in crypto then I guarantee that there must be a particular lesson you've learned so far and that's the fact that crypto gains or profit is an illusion except you actually take the profit.
If you ask me, I think the best time to be in crypto was 2017, but ironically it was also the worst time.
The reason is because crypto education in 2017 was horrible, all we had was guessing, there was no direct education or understanding of what we were doing, it was all speculation, errors and trials without actually understanding the tech.
So I think the tech as at 2017 was ahead of time, and when we had market pumps or dumps, all we saw was huge numbers on the screen.
There were no understanding of the concept of "take profit, buy back when it's lower" and all that, no one was taking the time to do the actual research about things like "what propels the pump, what causes the pump, what's the historical reason for it, and how relevant the tech was" these were the research we never spent time to do.
To be fair, there wasn't a lot of information, which means anyone who was onboard without understanding crypto before being onboard has this problem too, and because of the lack of the proper understanding of crypto, this is why a lot of us are here.
First time?
At some point everyone has the story that looks like "I made seven or six figures in 2017/2021, but I never understood how to take profit" 90% of all of us have this same story and if you ask me, I don't think it was a problem with not knowing when to take profit, I think it's a problem of education.
The lack of Crypto education is why scammers have thrived, and this is also why we didn't understand the basic things about the market pattern, and this was because knowledge back in the day was unlimited, unlike today where the research is just a prompt away.
However, there are the lucky unicorns who are 1% of the population that made money a few years ago, took profit and became financially free, but there are those who actually made money too, took profit at the appropriate time, but lavished the money on frivolous things, which is still a problem of "not having the proper crypto education".
I think the problem has not always been about profit taking. Some people will say issues like greed is also the reason, but I honestly think there's nothing like greed in crypto.
What some people call greed is a actually being ambitious. Without risk and ambition in crypto then everyone might at well sell off all their coin at an all-time low and just leave.
However, having the ambition to buy low, hold and sell when the market pumps is an ambition. Not understanding the proper way to take profit is also not a greed thing, it's a knowledge thing.
. For instance I've seen people who became financially free from trading meme coins. They've been trading for years and made no money, they've lost a lot of money through the years and suddenly just one decision which is risky, random and not thoroughly calculated makes them rich.
If they'd given up along the way and stopped taking risk, then they weren't going to make it. This is why I think risk taking is often mistaken for greed. Everyone has a tendency to take risks, some people can take more risk more than others.
Conclusion
This isn't me saying risk pays all the time, infact taking risk is a 50/50 thing. Sometimes it doesn't pay and you might live in regret for life because it didn't, and that's crypto explained in just one idea. However there's still the concept of taking calculated risks, when people take calculated risk, they don't do it because of instincts.
They do it because of the proper education, the right information. In reality 90% of everyone who is a risk taker in crypto has been disappointed, and if you've been in this game for long then you'll probably understand it.
However, as a fellow risk taker, the idea is to keep equipping yourself with the right knowledge, crypto may not longer be as profitable as it was in 2017, that golden era may have been over, but there are still opportunities for potential X10 to x50, which can still be a form of leverage.
