Looking back, those who decisively withdrew after making enough profit at the peak of the bull market were indeed right.

The reasoning is actually not difficult to understand. Although the wealth effect in the crypto market is tempting, its volatility, risk tolerance, and market maturity are on a different level compared to traditional stock markets. Making the first pot of gold from BTC or a popular coin does not guarantee that one can preserve those gains during subsequent fluctuations. History shows that Bitcoin's large cycles often involve drops of 50%, 60%, or even more.

Rather than continuing to gamble at high levels, it’s better to lock in profits and shift to the stock market. Although the returns in the stock market are not as extreme, the risks are more controllable, liquidity is better, and the long-term compound interest logic is clearer. Especially for those who have already accumulated initial wealth, stable growth is more rational for asset allocation than chasing 10x returns.

Of course, some people choose to stay in the crypto market. They bet on the growth of the next cycle, and this choice itself is not wrong—so long as they have enough psychological resilience to withstand volatility. But for most people, timely profit-taking, diversification, and gradually transitioning to more mature markets is a more prudent long-term strategy.