I do agree that if the crypto market crashes horribly, there will be a trend of these new investors never wanting to invest ever again. But on the flip side I liked your point that those of us who will stay investing and continue on the path of financial responsibility even after a catastrophic market crash are "seasoned" against letting emotion ruin our choices. That said, however, it's important to bring up the #1 rule in investing: never invest more money that you aren't willing to lose. Obviously nobody wants to lose money, but if the money you put into the market were to vanish in a day and it destroys your life beyond repair, then that's a sign that you shouldn't have invested that much. This amount will be different for everyone because we all come from different backgrounds of wealth. But I repeat, if you can't live with the fact that your investment can disappear forever, then you should never put that amount of money in the market.

On another note, if the next great crypto crash occurs, let's say a 75% drop or more and the market stays that low for months to years, it will be a true test to how new investors in particular can handle it. Crypto investors seem to be unphased by the supervolatility of this market and I feel that even if a recession occurs, many of us will brush it off, even putting more back into the market to load up on cheap coins. Here's to the future!