In the crypto world, stories of 'getting rich overnight' are occasionally heard, such as early Bitcoin holders or lucky ones during the surge of certain popular altcoins, but from the perspective of probability and risk, this is essentially a low-probability event, and there are huge risks of wealth destruction behind it. The following analyzes from three aspects: real cases, core logic, and rational choices.

I. The real samples and truths behind the 'myth of sudden wealth'

1. The lucky moments of a very few people

  • During the 2017 ICO craze, some investors earned tens of times their investment in a short period by participating early in Ethereum ERC-20 token issuance; in 2021, Dogecoin (DOGE) surged over 1000% in a month due to Musk's tweets, leading to a massive increase in the assets of a few holders. However, these cases share a common characteristic:

    • Occurs in the early, wild growth phase of the industry (such as in 2017 when the total market value of cryptocurrencies was less than $500 billion);

    • Dependent on extreme events (such as celebrity effects, regulatory gaps), with a strong lack of replicability.


  • Data statistics show that from 2013 to 2023, only 0.01% of investors in the cryptocurrency market achieved a ten-thousandfold increase in assets, and 80% of them later gave back all their returns due to greed or mistakes during subsequent volatility.

2. The 'survivorship bias' behind sudden wealth

  • In 2022, the LUNA coin plummeted from $119 to $0.0001, with over 2 million investors losing all their investments, while its previous 'rise from $0.1 to $100' wealth story had gone viral.

  • In 2023, a certain MEME coin (like PEPE) surged by 3000%, but 90% of the trend-following buyers lost over 70% during the pullback, with only 1% of early participants profiting and escaping.


II. The fatal flaws in the logic of 'getting rich overnight'

III. Rational ways to approach crypto investment

1. Monetization of cognition rather than gambling

  • Truly sustainable returns come from judgments about industry trends: for example, investors who laid out DeFi in 2019, invested in Layer2 in 2021, and focused on RWA (real asset tokenization) in 2023 achieved asset growth through technological logic rather than a speculative mindset.

  • Case Study: A certain institutional investor invested $1500 in ETH in 2020, holding for 3 years based on the fundamental logic of 'Ethereum 2.0 upgrade', and by 2023, the returns reached 400% without exiting during volatility.

2. Three principles of risk control

  • Fund isolation: Invest no more than 10% of household assets in spare money, avoiding borrowing or using emergency funds;

  • Diversified allocation: 60% in mainstream coins (BTC, ETH), 30% in leading projects (like ARB, SOL), and 10% in cash reserves;

  • Cyclical thinking: Understand the '4-year halving cycle' of cryptocurrencies, and invest at the bottom of a bear market (like when BTC fell below $16,000 in 2022), rather than chasing high during a bull market.

Essential conclusion: There may be cases of 'getting rich overnight' in the crypto world, but there is absolutely no norm of 'getting rich overnight'. Those widely circulated wealth myths are often products of survivorship bias and market maker marketing. For the average person, viewing the crypto world as a 'high-risk investment track' rather than a 'casino', and achieving asset appreciation through long-termism and cognitive accumulation, is the only way to avoid being destroyed by the market.