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RE: Survivor Bias in Crypto (And why you think you will make Millions)
Cryptos are amazing as long as you are able to think long term.
The problem with crypto and the people who are new to this is that they invest some money and than expect to get rich the next day. They want to make it and they want to make it NOW!
Boy, are they in for some disappointing results with this thought process. Like with everything in life, good things come to those who wait. HODL and profit.
longterm is indeed what people should have in mind when getting into crypto and a good understanding of what made Bitcoin special in the first place. A decentralised, neutral,borderless, zero counterparty risk form of digital money which operates like tcp/ip. (money as a network protocol)
Most people don’t get how important that is, as that very fact could make banks and fiat money obsolete. People that don’t believe so, misunderstand the concept, many people 99% of the world still seems to misunderstand.