I recently came across a story about a trader that I found quite interesting. When he initially made several hundred thousand RMB, everyone around him advised him to take profits and secure his gains, but he chose to hold his position. What was the outcome? His account eventually reached a profit of 3 million RMB before he decided to close his position and exit.



This is quite intriguing. To be honest, there aren't many people who can truly make money in the crypto market. But what is even more scarce? It’s the mindset of not wavering at critical moments. When profits are already in hand and your friends are urging you to sell, those who can continue holding are indeed rare.

Some say this might be a way for capital to shape a kind of lesson, demonstrating the possibility that "cryptocurrency markets can indeed be profitable." Regardless, this case reflects a reality: opportunities and risks in the crypto space often coexist. Those who seize the opportunity can multiply their gains tenfold, while those who fail to see through the market may find themselves back to square one overnight. Long-termism can sometimes bring astonishing returns, but the prerequisite is that you survive long enough to see that moment.
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OvertimeSquidvip
· 9h ago
Another story of survivor bias—just listen and don't take it seriously.
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ProposalManiacvip
· 01-15 20:41
This story does make some sense, but here's the question—does this brother truly see through the market rhythm, or did he just happen to get lucky? From an incentive-compatible perspective, how much can survivor bias really benefit here? I'm more concerned about his "unwavering mindset"—how many of the other ten traders would still be able to tell the story? Poor mechanism design, even the strongest conviction can't withstand a black swan wave.
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DaoResearchervip
· 01-15 18:38
From the data performance, the survivorship bias in this case is quite obvious. According to the theoretical framework in the white paper, we need to ask: how many people suffered significant losses at the "continue holding" decision point? Where does this sample size data come from, and what is the confidence interval? But on the other hand, this indeed touches on the essence of the incentive mechanism—when the market is highly dispersed and information asymmetry exists, individual psychological resilience becomes a scarce resource. It is worth noting that this "steadfastness" itself is a manifestation of governance rights, only applied to one's own holding strategy. The question is, if this is truly a capital textbook, what is its Token economics design? How to make more people believe without actually bleeding out?
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consensus_failurevip
· 01-15 00:51
Holding on is the key, but the prerequisite is that you have the mental resilience and financial capacity to withstand it.
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DevChivevip
· 01-15 00:46
To be honest, this story is just for listening, don't take it too seriously... Out of ten people who can actually hold on from hundreds of thousands to 3 million, surviving one is considered pretty good.
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NotGonnaMakeItvip
· 01-15 00:41
Sounds good, but ultimately it's all about luck. Nine and a half out of ten people get wiped out.
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WalletAnxietyPatientvip
· 01-15 00:24
It sounds nice, but it's actually just the gambler's mentality of living to see the day. If this guy hadn't made that 3 million, he would have been mocked as a negative example by now.
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