2026-01-18 15:24:03

Why are there always people pouring into the crypto world nonstop? Basically, it's because the dream of "getting rich overnight" has lured them in.

The stories of sudden wealth you can imagine are circulating in the crypto circle—some bought houses with Dogecoin, others saw their altcoin assets multiply dozens of times. These stories sound insanely impressive, making many believe that making money in crypto is as easy as picking up coins.

But the reality is much harsher. Those success stories? They are just rare cases of survivors. The truth is: 99.99% of people are ruthlessly harvested in this battlefield.

Looking at those tragedies makes it clear—LUNA coin skyrocketed from $0.1 to $100, then plummeted in the blink of an eye to $0.0001, with 2 million people losing everything; PEPE coin surged 3000%, but 90% of those chasing the high lost over 70%; and SQUID coin jumped from $1 to over $2800, then went to zero instantly. These are not isolated cases but the norm.

Why do most people fail to make money in crypto? The reason is quite clear: market volatility is crazy, with 30% drops happening within a day; information is completely asymmetric, and "good news" controlled by whales is just a trap for harvesting; policy shifts cause liquidity to evaporate instantly. Relying on luck to gamble for quick riches here usually results in losing everything.

However, ordinary people still have a chance. The key is to change your mindset—make money through cognition and strategy, not blindly betting on luck.

Those who truly survive long-term in crypto often focus on the long-term value track. For example, investors who early on invested in DeFi, Layer2, RWA, and other projects with real application scenarios—they control risks carefully, don’t use living expenses to trade, diversify their assets, and use cyclical thinking to build positions. They have patience, just like those who invested in ETH at its low point in 2020—after three years, their returns exceeded 400%.

Getting rich quickly is never the norm; survivor bias is the biggest scam in the crypto world.

DOGE4,52%

LUNA1,41%

PEPE1,1%

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TeaTimeTrader

· 01-21 04:29

Honestly, this is just gambling psychology, just a different disguise. That wave of LUNA, I knew a bunch of people who died from it, and I still don't dare to mention it. Long-term holding indeed makes money, but most people really can't wait, they panic at the first drop. This article is spot on; survivor bias is indeed the most toxic poison. Chasing gains and selling at losses are all about giving away money, no other explanation. Those who can resist watching the K-line are often the ones making money. Market makers harvest profits, retail investors pay tuition; this logic will never change. Cognition and discipline are the moat of the crypto world, not luck. That wave of DeFi indeed outperformed, but it requires brains.

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ExpectationFarmer

· 01-20 07:52

Basically, it's the gambler's mentality—who doesn't want to get rich overnight? That wave of LUNA really made me feel heartbroken, but on the other hand, this is the market screening people. Holding long-term is much more reliable than chasing the hot trends. I'm the type to hold on stubbornly. Who makes money in this round of market movement, only they know. Anyway, I don't expect to turn things around overnight. The manipulator's method of cutting leeks is indeed old-fashioned, but some people still fall for it.

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MEV_Whisperer

· 01-18 15:52

That's true, but ultimately it's a weakness of human nature. Who can resist the dream of getting rich quickly?

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AirdropAnxiety

· 01-18 15:52

To be honest, I was among the group that got hurt the most by that LUNA scam, a lesson learned through blood and tears, brothers.

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RektCoaster

· 01-18 15:48

That's right, the survivor bias point hits too close to home.

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InscriptionGriller

· 01-18 15:41

Basically, it's survivors telling stories there, and the leeks (retail investors) flocking in. I watched that wave of LUNA drop to zero with 2 million people, truly the end.

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SlowLearnerWang

· 01-18 15:36

Sigh, now I just regret it. Why didn't I stop myself when my friend was hyping up LUNA...

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YieldChaser

· 01-18 15:36

Basically, it's a leek harvest site, my friend is still dreaming there. That wave of LUNA directly stunned everyone; 2 million people said it was gone in an instant. I should have realized earlier that making money in the crypto world is never easy. Instead of chasing highs, it's better to dollar-cost average into ETH—that's the way to survive. Survivor bias is really incredible; the ones bragging every day are that 1%.

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ForeverBuyingDips

· 01-18 15:32

That's right, it's just survivor bias causing trouble. That buddy of mine lost a down payment on a house during the LUNA crash, and he's still regretting it. Cognition is truly the biggest moat, really. During the PEPE surge, I didn't buy in, and I'm glad I didn't. That's why I only focus on DeFi and Layer2 now; long-term dollar-cost averaging prevents me from getting liquidated. The "stories" in the crypto world can really brainwash people; you have to constantly remind yourself not to get caught up in the hype. The key is that most people lack self-control and must chase after the daily highs. Every time I see these cases, I want to laugh—people losing their entire savings, and they still treat it as a story to tell. Just wait for a real cycle to appear; the good stuff is right there, waiting.

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