What are the key lessons you learned during this year’s bloodbath?

As the end of the year approaches, it’s always a good time to look back and draw out the big lessons learned over the past year.

In the case of Bitcoin, cryptocurrencies, or even the financial markets, what are the big lessons you learned during this year’s bloodbath?

Feel free to also highlight the lessons you had already learned in the past (during previous bear markets, for example) that were once again confirmed in 2022.

Personally, it confirmed that the classic Bitcoin cycles were not dead as some influencers were trying to make out in 2021. The market still needs to purge itself of fraudsters, and scammers who committed excesses and abused new entrants during the previous bull market.

In short, everyone needs to learn the hard way to stop making the mistake of believing in things that are too good to be true.

This also applies to the “Not your Keys, Not your Coins” that new entrants never take seriously until they have suffered a financial loss when centralized platforms blow up in mid-air.