The top post of all time is about always hearing of the one person who x500 their $100 and not the hundreds who get a 99.9% loss from 1k. Luna, Celsius, Voyager, plus so many others have now changed that.
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The bull run is full of alluring success stories, probably one of the most well known being the shib buyer who did 8k to 5.7billion.
Now we’ve had the crash, I feel it’s fair to say our survivorship bias has been broken….. for now.
The crypto failures we have seen show not matter how big, popular or well regarded there is a massive chance of failure…. it’s risky.
Terra Luna and UST was decimated, wiping out the investments of many many people.
Celsius and Voyager have declared bankruptcy with no way for people to cash out. Billions in limbo.
These are just some examples. All this money gone for thousands of people who all wanted that x500 but got a -99.9%.
Survivorship bias is very active in crypto, so take stock of these events to have a more realistic understanding of the risk when putting money in.
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