Hi everyone!
Today I want to talk about survivorship bias. This bias, applied to cryptocurrencies, can be seen when we focus on successful projects while forgetting those that failed.
An example of this bias is the Luna cryptocurrency. This token lost its entire market capitalization and reached zero. We ignored this case and continued investing in projects without much research, thinking they would be as successful as Bitcoin or Ethereum.
This bias is dangerous because it contributes to underestimating the probability of failure.
Remember to only invest money you can afford to lose and don't fall into FOMO (fear of missing out).
Thanks for reading :)
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