In cryptocurrency generally you only got what you deserve, we might complain of how bad or the terrible experience you have had during trading or holding the wrong asset, but in reality you only got what you deserve.
Indeed, in the world of cryptocurrency, there is no such thing as a second chance or a "pardon me, I don't know." We should educate ourselves about it beforehand to know what we are getting into and understand how to go about it so we don't end up losing money and having a horrible first experience. Everything that occurs to you when trading or holding is entirely on your head, and you really got what you deserved.
Look at those that have DCA into Bitcoin over the years, right now, they will still be in profit because that's what they deserve, you might decide to hold an alt and let go at the right time and come out profitable, because of the knowledge you have on how to navigate your way in the crypto space make it deserving.
Knowledge is key to everything especially in the crypto space, with knowledge you will know the right step to take and the best decisions to make. Those who lack knowledge and wants to invest will think investing in bitcoins will require a huge amount to start up but with knowledge we have come to understand that the easiest way to accumulate bitcoin is to adopt a DCA strategy using an amount one can afford to lose. No pressure, no stress and no fear of losing your investment. DCA strategy allows us to invest at our own convenience with the little income we make.
Knowing your way around in the crypto space and earn profits is all down to the knowledge you acquire and all those people who make profits from crypto investments are not magicians neither are they special they just achieve so much because of the knowledge they possess and like OP I would say they got what they deserve. People who lose so much in trading or holding cryptocurrency can be linked to the lack of knowledge about cryptocurrency and so they also got what they deserved because they invested out of ignorance.
Any trader or investor with sufficient knowledge will be able to comprehend that all of the trading methods mentioned above are not ideal and are extremely risky for any trader. They will also be aware that emotional regulation and self-control play an important role for all traders.
Profits and losses are simply the reflection of how its investor or trader perform its task. If one is done with high caution and mastery in the market, most likely we will see positive results, but if it's done with greed and impatience in the market, the result will be likely negative. So we only got what we deserve. Not just in trading or investing, but mostly in life's aspects, if not done with perfection, we cannot anticipate perfect outcome as well.
As previously stated, the outcome of a trade is solely a reflection of the trader's performance, which is determined by how thoroughly he researched and grasped the market, as well as the effort he put into his trading career. Results do not lie, a trader may be lucky, but if the results are consistent, it is noticeable that it is no longer luck. If the result is consistently negative, it's clear that the trader got what he deserved.