Around me, there are quite a few people whose assets have shrunk by about 90% from October 11 last year to now. This is their entire net worth, not just crypto assets. Some lost several million, others tens of millions. A bloody lesson: If you make money in the crypto space, your asset allocation must include real estate, gold, land resources, etc. Making money in crypto but not cashing out, not allocating to real-world assets, and experiencing the volatility of virtual assets for the long term will affect your consumption habits and values. If you make money, you absolutely must diversify your asset allocation.