St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?
Many things, including lack of experience, experience teaches many things, including not being greedy and how being patient.
On average, all traders have experienced this as I said because they lack experience so they don't know how cryptocurrency trading works which can change quickly, but if they have been in crypto trading for a long time it could be because they are greedy and keep hoping that the price will continue to rise or it could be so he followed a telegram group that kept saying that this coin would rise to a certain price and he believed it. Getting big profits in crypto is not an easy thing because not only how to predict the market but also how not to be influenced by information that can make us make wrong decisions.