I'm about to cash out the crypto I mined and purchased a couple years ago. I'm up about 300% and while it's not a ton of money, I got a few "wants" on my shopping list.
What happened to the thing crypto is for: buying stuff with crypto? Cashing out to fiat means you still have to further invest that money to gain suitable assets which will generate passive income, also known as 'putting your money to work for you'. Unless you blow it all down the pub and squander it on luxury goods and don't invest it.
If you do, please think very carefully before investing in any coin that's come out within the past 2 years. I lost a lot of money investing in get-rich-quick altcoins during the last bull run (which I only recently made up for by selling some btc/eth/sol I'd been holding onto since then).
The corollary to that is there is no profit until there is a sale.
For example, buying and holding Bitcoin as price of BTC surges is not profit. The investor must sell in order to see any profit. The ability for large numbers of investors to sell Bitcoin _at any time_ for large amounts of US dollars is unproven and therefore questionable, IMHO.
I would not recommend buying ANY crypto now.