You hear about the kid who put in $500 into a memecoin and made 100k, but you don’t hear about the thousands who put $1000 and are left with $0.1
You also don’t hear about the guys who put $10,000 but cant cash out because these memecoins have no liquidity.
Survivorship bias or survival bias is the logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. This can lead to some false conclusions in several different ways. It is a form of selection bias.
Don’t beat yourself up for “missing out”.
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This topic was modified 3 years ago by BG Murphy.