Phase one duration varies from months to years; crypto bull runs extend it by rewarding bad decisions, delaying lessons.

So these people aren't trading, they're just clicking buttons. How long does P1 actually last? Your mileage may vary here. Some people it's a few months. Some people get stuck here for years. Cryptos specifically can sometimes make P1 last a lot longer because in a bull run, you confuse luck with skill. You're a bull in a bull market. You're being rewarded for bad decisions and it's not until the bear market comes around that you refund all that money you made back to the market. Now, if you're smart, you'll learn some lessons from that bull run and losing it all in the bear market and not do it again, but some people just repeat that next cycle. So it's not like some sort of time target or profit target that gets you out of P1. It's really a self-realization.