Two veteran crypto players reveal the most painful mistakes they've made on the crypto journey: You don't have to make the same mistakes again

In the high-risk, high-reward crypto market, a single misstep can often be costly. Two seasoned crypto veterans, @crypto_condom and @DeFiIgnas, have shared the painful mistakes they've made over the years in the crypto space, and ABMedia will reveal and organize their key strategies for preserving profits.

Crypto condom: Subjective Bias or Missing Opportunities

With six years of crypto experience, Crypto condom publicly shared the seven major mistakes he made in the crypto journey, including:

I've been in crypto for a little over 6 years.

Here's every painful mistake I made (so you dont have to):
1. Didnt farm defi summer
2. Sold thousands of $ETH at bottom in panic on March 15th, 2020 during the Covid Collapse
3. Locked my $CRV for 4 years at 90c buy-in cost
4.… https://t.co/kIIl5cjXzL

— CryptoCondom (@crypto_condom) May 1, 2025

• Missed DeFi Summer mining opportunities

• Panic sold thousands of $ETH at market bottom during the March 2020 pandemic outbreak

• Locked $CRV for four years when the price was $0.9

• Did not sell $CVX when it reached $60

• Ignored meme coins like $TRUMP and $FARTCOIN, thinking they were too stupid

• Forgot to sell before Trump's inauguration

• Sold at the bottom of Trump's trade tariffs to preserve capital

Despite continuously missing many opportunities, Condom maintained stable profits through a strategy of "frequent profit-taking". He candidly admits:

If you keep reflecting on missed generational wealth, you'll go crazy soon.

Ultimately, this bumpy crypto investment journey brought him a certain degree of freedom, medical resources, and financial comfort.

Ignas: Carefully Consider Before Making Decisions to Protect Assets

With seven years of DeFi research experience, Ignas honestly shared his crypto mistake list, especially reminding investors to avoid "hasty trading". Here are his main mistakes:

I've been in crypto for a little over 7 years

Here's every painful mistake I made (so you don't have to):

• Doing transactions while in a hurry (you'll get rekt)
• HODLing tokens without conviction
• Failing to reevaluate my portfolio when market conditions change
• Being… https://t.co/2k1wvgnTMV

— Ignas | DeFi (@DefiIgnas) May 1, 2025

• Conducting overly rushed transactions or operations, which usually end badly

• Have your own conviction, don't HODL without belief

• Failing to reassess investment portfolio after market changes

• Being too lazy to research yield sources, which often involve risk crises

• Locking funds for over a week, which is almost not worth it in the crypto space with high capital utilization efficiency requirements

• Investing in highly volatile LPs, where Impermanent Loss eats up profits despite high APY

• Being greedy and not exiting, missing huge profit-taking opportunities in Ordinals, Runes, and Non-Fungible Tokens

• Rushing to reinvest immediately after profit, should first convert to USDC and calm down for a few days

Even after stepping into big pits like Luna/UST lockup, he still adheres to three principles: "Test new dApps with small funds", "Don't avoid trying new tools out of fear", and "Maintain curiosity and continue learning". After all, opportunities will always appear, and those who can stay in the game longer have better odds of success.

Profit Key: Mistakes Are Unavoidable, But Belief Determines Success

Although Crypto condom and Ignas experienced different mistakes, they both pointed out consistent success factors: "frequent profit-taking, not afraid to make mistakes, and maintaining an open learning attitude". These attitudes and strategies are the key to their survival and continued profitability in the turbulent crypto world.

Investment has never been a game without errors, but if you can learn from others' pain, you can save on tuition fees and avoid many detours. Whether you're a newcomer not yet in the market or an OG who has been exploring for years, the experiences of these two veterans are precious navigation indicators.