When your social circle starts frequently sharing jokes like 'Bought in at 3 AM, got a seaside house by 8 AM', when a guy at the café excitedly talks about 'the last chance to go all in on life', and when a family group suddenly pops up with 'Hey niece, I heard there's something called Dogecoin 2.0' — congratulations, in the spring of 2025, you find yourself once again at the site of a large human cognitive bias experiment.
I. Survivor Theater: A One-Man Show Under the Spotlight
The most exquisite magic trick in this circle is making 99% of the audience believe they are sitting in the VIP seats. Those hands showing off yacht steering wheels on social media will never tell you how many court summons are stacked in the cabin; the 'wealth code' passionately shouted by Twitter influencers often turns into the harvester's scythe the moment they hit send.
Just like Las Vegas casinos constantly replay the sound of a tiger winning, the carnival BGM of the crypto world always deletes the dull sound of liquidation. Those wealth stories revered as 'great gods' are essentially survivors dancing in the emperor's new clothes — you hear the crisp rhythm, but you cannot see their stark naked truth.
II. The Seven Filters of Illusionary Wealth
1. Mirage Effect
Every new player thinks they have discovered an oasis in the desert, but they selectively forget the predecessors who were harvested by the 'Metaverse 3.0' concept this time last year. When a certain cryptocurrency suddenly trends, it usually means the banquet has reached the stage where waiters begin to clear the leftovers.
2. Koi Syndrome
Always thinking of yourself as the chosen one, able to time the top before the altcoin waterfall collapses. Reality is often more darkly humorous — you think you are playing a 'musical chairs' game, only to discover when the music stops that there are no chairs in the room.
3. The Sisyphus Trap
Players who repeatedly jump between 'stop once they break even' and 'withdraw once they double' resemble the tragic hero from ancient Greek mythology who is forever pushing a boulder uphill. The difference is that Sisyphus at least knows he is being punished, while gamblers always believe they can rewrite their fate next time.
III. The Laws of Survival in the Dark Forest
True old players are well aware of three iron laws:
When a certain story of sudden wealth makes your heart race, please turn off your phone for 24 hours immediately;
Always treat Dogecoin with the mindset of 'buying a lottery ticket', after all, no one would mortgage their house to buy a double-color ball ticket;
Set the exchange app icon to black and white, and before opening it, recite three times, 'This is the entry point for game token recharge.'
Those miners who have traversed through three cycles of bulls and bears might now be leisurely sipping Pu'er tea beside a hydropower station in Yunnan. They know better than anyone: the most foolproof business in crypto is always selling shovels to gold diggers.
IV. Cognitive Antidote
Next time you see a 'ten-year veteran' declaring their financial freedom, consider conducting a thought experiment: If there really were a foolproof secret to guaranteed profits, why would they be live-streaming to teach you the incantation? It's like suddenly having Wall Street elites squatting in your hallway, insisting on teaching you how to play U.S. stock options step by step.
Remember, the fairest aspect of this market is that — all those seeking shortcuts ultimately pave the way for true long-term investors.
Those who understand have already followed and liked, allowing newcomers to continue getting lost in the noise. I am a proponent of first principles in trading cryptocurrencies, see you next time!
(Tip: This article does not constitute investment advice; the market is risky, and decisions should be made cautiously.)
