Most people take risk at the wrong time. The best moment to take risk is early in a cycle, when sentiment is cautious and everyone is focused on bearish scenarios. It feels uncomfortable to step in then, even reckless. Yet that is when the odds are most favorable. Instead, people hold back when conditions are best and only begin chasing later. As prices rise and optimism spreads, they spend more time online, watching others post about their gains. Slowly the feeling of being left behind builds, and eventually they convince themselves the way to catch up is by rotating into whatever looks hot at the moment. Rotation can work. Sometimes it feels effortless. You catch a coin at the right time, ride it up, and book a fast return. But that success changes your mindset. It tells you to try again. One trade turns into another. Before long, you are not rotating with discipline, you are rotating because it has become a habit. The more you do it, the more you convince yourself you can always find the next move. That is where most people give back their gains. Traders who once 10x their portfolio often watch it fall 80 percent because they never step aside. Meanwhile, the person who simply held Bitcoin through the same stretch may have doubled their stack without the stress. You can attempt to do both, but very few are disciplined enough to manage it. If there is one lesson to take away, it is this: during a bull run, it does not take much skill to run up your portfolio. The real talent is in keeping what you make.