I just stumbled upon a post where an ordinary full-time mom describes how she fell into the abyss step by step, from trading cryptocurrencies to opening contracts, and then to borrowing online loans, ultimately selling her house and getting a divorce. What struck me the most about this post was that I could see the shadows of numerous friends and followers in every sentence, as if this was the template and fate of nearly 99% of ordinary people. I strongly recommend everyone to seriously read this article!
This world is always dominated by survivor bias; the voice of the winners is always the loudest, while everyone only wants to hear what they like, leading to the impression on Twitter that no matter how many hardships you go through, there will always be a chance to turn things around with a big bet. Perhaps those who share these success stories are the 1% who survived, but what about the other 99%? They silently withdraw from the internet or even commit suicide, and you don't even have the chance to hear their failure stories!
Not long ago, a certain exchange prohibited the use of borrowed funds for trading cryptocurrencies, causing quite a stir, and there were even numerous testimonials from people using their success stories to justify the relationship between borrowing and turning things around. I am not defending this exchange, and the growth path of all exchanges is inevitably bloody and barbaric, but when I looked at these posts describing their successful paths, it really sent chills down my spine. How many people will believe that they are also the destined ones because of these posts? And how many will end up like the mom in this post, with their families shattered?
Perhaps this tweet will get me criticized by many, saying that I, Jason, am pretending to be a good person. Yes, you are right. Let go of the urge to help others and respect the fate of others.