I know a few ways to make money in the crypto space;
I've also fallen into all the traps that lead to losing money in the crypto space.

Munger said that I have two ways of learning:
Find out what is effective and then stick to it;
Find out what is ineffective and then avoid it.
The latter is more important.

Losing money is an important way to learn, the key is whether you can become self-aware and avoid falling into the same trap.

The difficulty lies in the fact that sometimes effective methods can lose money, and ineffective methods can make money.

Distinguish clearly, then stick to what is effective and avoid what is ineffective.