Of course, there's luck that he got in when he did and that it went up but he is now in no danger of losses. He passed the profit barrier on his initial investment a long, long time ago so everything he's playing with now is profit. Even if everything he had currently stored in crypto went to zero, he's 1000s of times better off for having initially invested.
He's a programmer and got in and held it because he believed (and still believes) in the tech. He's just a holder now and only trades when he wants to cash out for decent profits. With the professional day traders, it's less about luck.
For me it's just a risky but high-interest savings account for a couple of grand I can afford to lose. Just updated my spreadsheet this morning. My actual profits to date are 11,946.38 but it's defo gone up since then. Should break 12k very soon. It would take a cataclysmic, financial crisis-like crash for me to lose my initial investment.[/QUOTE]
happens all the time mate.