The Floating World of Cryptocurrency: When the Myth of Sudden Wealth Becomes the Spiritual Opium of a New Era
1. The Wealth Theater of Magical Realism
In June 2024, a university student turned 300 yuan of meal money into a MEME coin that soared by 1700 times, with cries of "All In" echoing through the dormitory all night. At the same time, a programmer in Shenzhen disappeared into the crowd after leaving the last words "Gone to Zero" on a trading forum due to a leveraged liquidation. This is precisely the most real AB side of the crypto world—heaven and hell are often just a 4-hour candlestick apart.
2. Those Distorted Cognitive Coordinates by Myth
1. Illusion of Time Density
The volatility of 1 year in traditional markets is compressed into 1 day in the crypto world.
Data from a certain exchange shows: In 2023, there were 147 days with a single-day fluctuation exceeding 20%.
However, the deliberately ignored data: The 3-year survival rate of the top 1000 tokens is only 11.7%.
2. Survivorship Bias Trap
Behind the stories of "5000 yuan turning into 300 million":
230,000 people with the same strategy went bankrupt in the same period.
The cryptocurrency went to zero 3 months after its launch.
Actual cash-out by profit-takers was less than 15% of the claimed amounts.
3. The Illusion of Class Mobility
The truth behind "grassroots counterattack":
82% of new billionaires in 2024 already had a traditional finance background.
The so-called "university students getting rich" is merely a smokescreen for institutional testing.
On-chain data: 80% of wealth is concentrated in 0.3% of addresses.
3. The Double-Edged Game of Big Shots
When industry leaders shout orders on Twitter:
Li Xiaolai had completed his position 3 months before his "all in" speech in 2017.
Each of Elon Musk's dogecoin tweets averages $22 million in profits from early ambush orders.
On-chain records under a certain capital's "long-term holding" declaration: weekly OTC dark market reductions.
4. The Spiritual Deconstruction of the Mad Market
1. Dopamine Hijacking Mechanism
The 24-hour trading system continuously stimulates adrenaline.
Price alert sounds deliberately mimic the winning sounds of slot machines.
The average daily app open rate is 37 times, greater than WeChat (22 times).
2. Alienation of Social Currency
New social rhetoric among young people:
You are too small-minded = Why not leverage?
Value investment = A shameful cover for being trapped.
Consensus = A synonym for joint speculation.
3. Distortion of Spatiotemporal Cognition
Typical symptoms:
Believing an 8% monthly return is a failure.
Viewing normal wages as "useless cash flow."
Using the inevitable zeroing out to deny all traditional assets.
If you don’t understand cryptocurrency yourself, make sure to keep the Buddha locked up!
Whether it's fresh goods or harmonious exchanges, opportunities are brief, so seize them!
Choice is greater than effort!
Pay attention to #BNB_Market_Update #BTC、 #ETH走势分析 within the day.
