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Everyone says how they wished to buy Bitcoin at 10 cents, and how they would be a millionaire now. Get realistic and stop moping around, because truth is, you would've either sold or been burned years before its success ever came to light.

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by COINS NEWS 218 Views

Survivorship bias, from the battlefields of World War II, to drug-test clinics, to the modern age.

Hindsight can make you feel very uneasy when presented with how far Bitcoin has grown. But the truth is, decades ago, only a very select few people saw this coming. Among the others, were burned investors and people that sold too early. Under the rocketing circumstances of sitting through 95% bear markets, people would've laughed at you if you told them billionaire companies would buy Bitcoin to maintain asset value. You would've been called a mad man, your ideals kicked and abused until even you convinced yourself that enough was enough, and that you were gonna sell.

In the day and age of posts and media blogs speaking of the '200$ million pizza delivery' and how 'stupid' they were to transact Bitcoins at such a bargain, I feel sorry for the ignorance of bias these media influencers carry themselves with. Nobody had a magic crystal ball they could squeeze out their ass to tell them about a 10,000x investment, and even the people that committed the pizza transaction aware of this. The pizza guy responsible of receiving the 10,000 BTCs says he has no regrets, because they simply did not know. The benefit of hindsight simply wasn't there.

Moving on from the 'oh how I wished I was a BTC investors back a decade or two', do not punish yourself for the choices you've made. We are now in the mainstream BTC age, and a new type of bias is out. As more and more people recognize and realize the hind sighted approach of Bitcoin, hindsight bias as a result will soon become the new meta. Just like how people robbed themselves of profit because of despair and disbelief, the modern equivalent will rob themselves of hope and perceived prosperity.

The day and age of the modern Bitcoin millionaire is gone. Deal with it. Just don't be the next guy to come complaining about unpaid rent because you brought the all-time-high under the modern equivalent of survivorship bias. Taking profits is the natural route of success, because just like his grandfather before him, the modern investor simply lacks the 20-20 vision of hindsight.

submitted by /u/Nervous_Sky_5167
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