The Wealth Code of the Cryptocurrency World: The Cruel Truth Behind Survivor Bias

In this 24/7 operating crypto casino, two life scripts unfold every day: one is the myth of sudden wealth by leveraging a capital of 5,000 yuan to create millions, and the other is the tragedy of betting everything and ultimately losing it all. When we examine these stories in the long river of time, we find that all outcomes have their inevitability.

Those who ultimately preserve their wealth often share three common traits: they view Bitcoin as digital gold with a faith akin to that of a divine fish, rather than a short-term arbitrage tool; they maintain disciplined dollar-cost averaging during market panic like a wildly running North Latitude; and they better understand how to convert part of their profits into real-world assets at the peak of the 2017 bull market. In contrast, the participants who quietly exit the stage mostly repeat the trajectory of Zeng Wen—treating the crypto market as a casino where price fluctuations can be predicted, using leverage and a sense of luck to counter market cycles.

The market always rewards two types of people: early cognitive pioneers and disciplined long-term investors. When the 22-year-old divine fish suggests that those around him hold at least one Bitcoin, he is conveying not just investment advice but also a survival strategy against the devaluation of fiat currency. Meanwhile, speculators who rush into the market with the fantasy of making 30,000 yuan a day will eventually understand a truth: money earned by luck will inevitably be lost by skill.

The cruelest part of this wealth game is that it allows every participant to briefly taste sweetness. Just like the illusion created when Zeng Wen uses 5,000 yuan to win 200,000, or like sophomore Liu Ke being intoxicated by a market resembling an ATM. However, when the tide goes out, those who can truly take away wealth are always those who remain sober during the revelry and dare to buy the dip in despair.

Since the birth of Bitcoin over ten years ago, its underlying logic has never changed: it is a social experiment about monetary sovereignty, a rebellion against the traditional financial system. Those who simply understand the crypto market as 'trading coins' are essentially missing out on the most profound financial revolution of this era. When a new round of bull and bear cycles begins, will you choose to be a gambler chasing highs and lows, or become part of the minority that transcends the cycle?