12-27-2021, 10:01 PM
Share your LOSS PORN! Survivorship Bias is rampant in crypto and we need these as a
<!-- SC_OFF --><div class="md"><p>You keep seeing media highlighting people that get rich quick for putting their life savings into crypto.</p> <p>You also keep reading people in reddit commenting "10x on this coin, ez life".</p> <p>This makes a lot of people think crypto is a get rich quick scheme.</p> <h2>The truth is, people are reluctant to share their loss.</h2> <p>Let me start:</p> <ul> <li>Bought ICP at $230, thinking it's already down a lot from ATH. I don't even dare to check current price ?</li> <li>Put $20 on 10 shitcoins each. One went 4x, the rest went to 0</li> <li>Tried Futures for the first time by longing on ADA. You know the rest.</li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/petanibulan"> /u/petanibulan </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rpoh42/share_your_loss_porn_survivorship_bias_is_rampant/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rpoh42/share_your_loss_porn_survivorship_bias_is_rampant/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>You keep seeing media highlighting people that get rich quick for putting their life savings into crypto.</p> <p>You also keep reading people in reddit commenting "10x on this coin, ez life".</p> <p>This makes a lot of people think crypto is a get rich quick scheme.</p> <h2>The truth is, people are reluctant to share their loss.</h2> <p>Let me start:</p> <ul> <li>Bought ICP at $230, thinking it's already down a lot from ATH. I don't even dare to check current price ?</li> <li>Put $20 on 10 shitcoins each. One went 4x, the rest went to 0</li> <li>Tried Futures for the first time by longing on ADA. You know the rest.</li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/petanibulan"> /u/petanibulan </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rpoh42/share_your_loss_porn_survivorship_bias_is_rampant/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rpoh42/share_your_loss_porn_survivorship_bias_is_rampant/">[comments]</a></span>Kind Regards R