What is your exorbitant lesson investing in crypto last bull market (2021-2022)? I will like to share mine...
1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.
2. Friends told me that Vitalik have promised Proof of Stake on Ethereum for years and it never came to past, I believe them and invested in Eth mining equipment, I am now selling to gamers since they are not profitable, not even a bit.
3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.
Everyone had made one of two mistakes in the time past especially buying the wrong coins that never appreciated with poor developers team. I could remember investing on some coins that still promised to have a better movement in due time since the Dec is working on something big that will shake the market. Some many promises everywhere by project team and we all just have to be very careful so that we won't become a victim of rug pull or coins that is not listed on exchanges. Some many things happen in the last bull market will hypes that made newbies to regret their mistakes.
I agree with you, there could be a few cases of investors which bought bitcoin early, never sold it or bought something dumb with it, never got scammed and they are millionaires today, but the number of those cases must be very low, the majority of us have at some point made a mistake or two, but what it matters is how big the mistake actually was and how we responded after making that mistake, and as long as you did not lost too much money and you learned from the experience then most likely you will do fine in the future.