2026-01-07 17:26:49

There are always people in the crypto world who get rich overnight by luck, but this is often due to survivor bias. Not everyone can catch that fast track to wealth, so when you see someone promoting "reading is useless," be cautious—this kind of rhetoric is the easiest way to deceive people.

Ultimately, the value of reading can be viewed from two dimensions. One is to upgrade your internal system—making your thinking clearer, your cognition more comprehensive, and your judgment sharper. The second is to gain true agency—when opportunities arise, you can recognize and seize them rather than passively following the trend. This is even more true in the crypto market.

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OnlyUpOnly

· 1h ago

People who got rich by luck all shut up, while those who lost money complain every day. This is survivor bias. The nonsense that "reading is useless" is often said by those who haven't read any books. Especially in the crypto world, without some brains, you're really just destined to be a leek. Knowing people, understanding situations, and seizing the right timing—that's the essence of making money. Those who follow the trend are ultimately just the bagholders. Don't ask me how I know.

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TokenomicsTinfoilHat

· 01-08 19:42

The survivor bias really does harm people. Too many around me give up learning after seeing others get rich quick. Studying isn't for insurance; it's so that when opportunities come, you can see clearly instead of getting cut. Hey, have you noticed that the more money-making people are, the more they love to learn? Those who claim "knowledge is useless" are often the ones being cut as chives. Honestly, the worst in the market are those who can't tell people apart. Without some judgment, you really can't play the game. I agree with this logic, but most people won't actually use what they learn. The key issue is still execution. The algorithm is pushing me this kind of content again... It really hits home. I’ve been fooled by luck more than once myself.

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ReverseTrendSister

· 01-08 08:50

Ha, it's that same "reading is useless" argument again, hearing it makes my ears callus up. To be honest, not many people can distinguish that this is a trap, but there are always some who insist on stepping in. Survivor bias is indeed powerful; seeing a few who made money makes others think they can too, but what’s the result? Total loss of capital. Cognition is like armor; without it, a single slap from the market can leave you stunned. Instead of waiting for opportunities to fall on your head, it's better to upgrade your brain first, really. Making money is easy to see, losing money is something you cry about secretly. The key is to have judgment; otherwise, what's the difference from a blind box? The crypto world is even more dependent on this; the information gap is huge, and cultural level can indeed save lives.

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DustCollector

· 01-07 21:13

Survivor bias is a common meme in the crypto world, but few truly understand it. It may seem like reading is useless, but actually, it's about reading the right books. There are many people with good luck, but those who survive have some brains. When it comes to the power of choice, retail investors are definitely the most lacking.

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DecentralizeMe

· 01-07 17:56

Those who get rich through luck are survivors; most people have already been wiped out. You need to think this through. It's really absurd to say that reading is useless. Most people who say that probably haven't read anything useful. It's a matter of the ability to recognize people. Being able to see through projects and avoid pitfalls—that's the real skill. Speaking of which, the biggest shortage in the crypto world is a clear head. Too many people jump in following the trend. Cognitive gaps lead to wealth gaps, and this is especially evident in crypto.

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IronHeadMiner

· 01-07 17:54

Seeing through it, survivor bias is indeed the biggest scam in the crypto world. The luckiest people are the most arrogant, constantly fooling newbies. Relying on reading to upgrade judgment is real, otherwise it's just a leek's fate. Recognizing opportunities and avoiding being chopped like a leek only differs by this level of awareness. Those who say reading is useless will eventually have to pay tuition fees.

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FreeRider

· 01-07 17:53

Those who get rich through luck are all winners of probability theory; most of them end up as cannon fodder🤐 Reading definitely didn't make me get rich quickly, but at least I won't get cut so badly The term "survivor bias" works best in the crypto circle. How many dare to say they have actual returns? Options > luck, this is the true reason for long-term survival Once fooled by the hype that "reading is useless," hearing it again just shows there's something wrong with your mind

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CodeSmellHunter

· 01-07 17:51

Survivorship bias is a good term; every day you see people getting rich overnight and forget how many have died on the beach. The most valuable thing about reading is that judgment, otherwise the retail investors will always be retail investors. People who rely on luck to get rich never read books; instead, they feel dumber the more they read. This set of theories hits even closer to home in the crypto circle; those without awareness are always chasing highs and selling lows. That's right, the key is choice, but most people don't even deserve to have it.

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PebbleHander

· 01-07 17:51

The ones relying on luck have long sunk, and those still claiming "reading is useless" haven't survived a bear market yet. That's right, survivor bias really spreads quickly in the crypto world. Uneducated people can't even see the traps clearly, so what’s the point of trying to buy the dip? This is why some people make money but end up losing even more... no brains. Reading isn't for showing off, it's to live a less stupid life. The biggest fear in the crypto circle is confident ignorance, truly. Judgment is something no one believes when you say it; you have to grow your own brain. The ones following the trend are always the bagholders, there's nothing more to say. Good article, it hits too many people's soft spots. Clear thinking is the only way to see through the game, that's the hard truth.

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DataOnlooker

· 01-07 17:34

Survivor bias is really on point. Every day you see someone bragging about how much they made from a all-in, but no one talks about those who lost everything. Reading isn't about fancy tricks; it's just to prevent you from being "cut leeks." Honestly, having knowledge or not in the crypto world, the outcome is really different. If you believe this kind of rhetoric, you'll eventually get wiped out and lose everything. There's a big difference between having judgment and being brainless when entering the market. The clearer your understanding, the lower the chance of being scammed. It's really that simple. Seeing many people who haven't read books can't even recognize basic risks. I agree with the term "option," it really is the case.

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