To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.
You are right mate, crypto currencies are not always in pump stage but they also experience dump stage. When it comes in big gains yes I believe that it comes with big losses since losses can make us learn our strategy to win next time.
I often do not go in the traditional way of thinking and one should always think in a disruptive and more innovative way that can outshine the traditional ideas for the technology is progressing every new day and there are limitless possibilities. One can earn big without loss as well. It all depends on the mind set.
The more you are learned about a given asset, the more you will be able to execute your ideas around that asset in a way that would reduce your cost and would maximize your profit. Choosing the right coin for investment, investing in the right time and holding till you get the maximum will not incur you any loss and would rather earn you big money.