I copied this passage into my notebook, and I flip back to it every now and then.
Survivorship bias teaches us this:
What you see in the public square is people showing off their profits. Those who lost everything and left don’t post. That’s why you think everyone else is making money—not because they are, but because the people who lost money stayed quiet.
Take $ETH today, for example: now at 2,140, down 4.39% over 24 hours. This market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the market.
The market won’t go easy on you just because you understand the lesson.
When it’s time to wait, you have to wait.
#ETH #投资哲学 #交易心态 #Crypto
Survivorship bias teaches us this:
What you see in the public square is people showing off their profits. Those who lost everything and left don’t post. That’s why you think everyone else is making money—not because they are, but because the people who lost money stayed quiet.
Take $ETH today, for example: now at 2,140, down 4.39% over 24 hours. This market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the market.
The market won’t go easy on you just because you understand the lesson.
When it’s time to wait, you have to wait.
#ETH #投资哲学 #交易心态 #Crypto