CryptoWorld News reports that CryptoMichNL said, "Most crypto losses come from poor risk management, not from the assets themselves." He mentioned that he lost 70% in his altcoin portfolio. He cited Raoul Pal’s view, stressing the importance of risk management, and shared five key mistakes: taking excessive risk, overconfidence during a bull market, the importance of protecting capital, that long-term survival and consistency matter more than chasing returns, and the regret he felt after buying Bitcoin for $200 and selling it for $2000. These experiences led him to rebuild his risk-first investment process.