The wealth effect in the cryptocurrency world naturally carries a "survivorship bias" filter. What we selectively remember are the stories of those who cashed out at the top of the bull market, while we selectively ignore a fact: behind every address that multiplied a hundred times during the bull market, there may stand ten peers who went to zero during the bear market; behind every celebrated transaction record, there may be ninety-nine unseen loss statements. The so-called "making money relies on strength" is merely an individual success story that masks the random nature of the entire market—just like in a casino, the gambler who occasionally wins all their chips is hailed as a "master of skill", but the casino owner will never tell you that, in the long run, the majority will always lose.