it's easy to criticize someone's miss management of funds when its not you.

$700k during Luna crash was alot of money in $$ but not worth same amount in Naira currently.
first $50k i made from web3, i just wanted more, "if it can grow to $50k, it can grow to $100k" i said. i didn't even know what to do with it until it started dropping,
thats when i sold everything for $20k, rented a house, bought a corolla and bought a land, and thats because my girl then (my wife now) was an accountant and knows what each amount can do for you in real life.
If you had $700k in 2022, i am sure you will be eyeing $1M, and when it’s starts dropping rigorously, thats when anyone with sense would have sold and moved on, and change his life.
But infact, luna crashed appeared to look like a retracement, an opportunity to buy more at low price, some went long with huge funds and lost it all, it became obvious to everyone when it hits $0.1
thats exactly why when solana crash started, many people were scared to buy, it dropped to single digit of $8, people who bought when it dropped to $20 were scared, some sold at lost and left, cos of luna event repeating itself.
so yea, you can make money here, and you can completely loose everything. You just need to be in serious touch with reality to be able to move funds out and change your life.
just don't judge people because it can be you.