Sunday, October 24, 2021

Think about all possible outcomes

If you can take into account all the possible results, and if all the results can make yourself in a better state, then you will become the winner.

For example:

If you borrowed money to buy Bitcoin, and you have to pay it back in a short period of time. If there is a random drop in Bitcoin and you just have to pay back the debt, then you are vulnerable.

If you have settled down your family, children, wife, insurance, and if you have a job, you don’t borrow money, you don’t gamble... then basically no one can do anything to you. In another word, you are strong.

Only a few coins can skyrocket, and there are very few people who have got the entire profit from the low point to the peak price.

This kind of stories usually are illuring people's thoughts, and attracting more and more people to think that they could be like these few people in the next round.

If you buy a lottery, and you get the jackpot, you will be very happy. However, it is a matter of probability here. Probability determines that most people are still ordinary people. That means most people don't get the jackpot.

We need to have dreams, but if you head toward the dreams without thinking, you will easily fall into the pitfalls.

Don't forget about common sense just because of extreme events. Those who are talking about what data they possess and what technology they have will still be a loser after the bull market.

--- Translated from http://losercointalk.org/thread?topicId=2460


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