They don’t realize that they can go to a nice island and sip margaritas and don’t have to go back to that 9–5 cubicle, because they are too deep in the trenches.
Chilling on an island and sipping margeritas is part of the crypto life cycle as well.
Can agree with this, and it's actually a behavior brought along earlier on not from crypto. You saw it with MLM people, with stock traders, and even forex traders. Even if they made money, they also lost a lot, and they're addicted to the lifestyle and the perceived fame and admiration from others looking up to them.
Island chilling isn't really crypto life cycle, I think a lot of Bitcoin users never do different from what they always did.