Strategies must be carefully evaluated, especially in the case of cryptocurrencies, where the investment risk is high.

Exactly. Sometimes we get carried away and forget crypto is still a high-risk investment, especially if you try less popular alts or startups. And sometimes even with popular projects - see Terra/Luna, FTX, etc. As you said, you make informed decisions or you gamble (even in gambling you can make informed decisions as opposed to just basing them on luck).

I have observed that some people close to my circle invested in cryptocurrencies driven by the dizzying rise of Bitcoin in 2018, and ended up taking on excessive debt.

Ah, the worst time to take debt to invest in crypto. If anyone wants to do this, the bear market is the time to do it. But new people will always make mistakes, and sometimes they are very costly.

I agree that financial education is a must in crypto and in general in today's world.