Let me first say the conclusion: survivor bias

Let's list a few sets of data

1、BTC

If you bought 100U Bitcoin in 2010, these Bitcoins are now worth 4689100U, with a maximum value of 5800000U;

If you bought 1 Bitcoin at the top of the Bitcoin price (8,000 RMB) before the Bitcoin crash in 2013, then these Bitcoins are now worth 46,891 U, with a maximum value of 58,000 U.

If you bought Bitcoin (20,000 U) at the top of the bull market in 2017, then these Bitcoins are now worth 46,891 U, with a maximum value of 58,000 U.

2、XRP

If you bought 5 RMB of XRP in 2013, then in December 2017, your XRP would be worth 100 million RMB!

3. ETH, LTC, Theta, Ada, etc.

In theory, you can make money any time you buy Bitcoin, the only difference is how long you have to wait.

Is it tempting? Is it attractive?

Come, let's tell another version of the story

BTC

If you bought 100U Bitcoin in 2010, then your Bitcoin private key is likely lost.

If you bought 1 Bitcoin at the top of the Bitcoin price (8,000 RMB) before the Bitcoin crash in 2013, then you would most likely have lost your trading account or sold your BTC to have a meal with friends during the disappointment of Bitcoin falling from 8,000 to 500 in 2014-2016.

If you bought Bitcoin (20,000 U) at the top of the bull market in 2017, you would most likely sell your chips during the 50% drop from 20,000 to 10,000 in the next half month, and be glad that you sold it early, and then you would have consumed all your funds in the fluctuations in 2018 and 2019.

There is no free lunch in the world. Most people will only see, wow, that person made money, a lot of money, he is so inexperienced but he can make money, so I can do it too, and then GG.

Just like the tulip bubble, the real estate bubble, and the US stock bubble, as long as some people get rich, people tend to ignore those who lose money and think to themselves, “I can do it too.”