I’m fascinated by crypto lottery winners, too. The only person I know personally who did very well and exited on top did so for environmental guilt reasons: He became too opposed to the environmental effects of BitCoin’s energy consumption to feel okay about hanging on to it. Cashing out at the top was just a coincidence.

The other crypto lottery winners I know (those who have admitted it, anyway) gave up a lot of their winnings either by doubling down in BitCoin at the highs or by gambling on altcoins in the hopes of a repeat. They started as believers and their early winnings only galvanized their confidence. After that, they were dumping their cash into crypto at every opportunity because they thought it was going to make them supremely wealthy.