I like what you said about making desparate inclvestments. You are right, it's often a big mistake, especially with crypto. Maybe desparately betting on education or a certificate course to try to get that job is fine.
don't invest what you can't afford to lose
I agree with your sentiments as well. Those of us with day jobs and other decently-secure income streams can usually afford to lose our disposable income. Also assuming your positions are sufficiently diversified, you can wait out certain bad conditions.
I also don't sweat at a 40% downmarket. But I guess you are also still up overall when that happens which helps. That said my current y2d is depressing. 22Q1 gonna be a minus, can't win them all.
It is funny isn't it? People don't mind investing hundreds of thousands and years in some cases for not much in return, but won't put $50 a month into crypto - because of the risk. They buy a BMW, but complain about the price of milk.
Might change very soon though. The lottery of crypto is always in play :)