Kid: "Mom, how did Dad actually build all this wealth?"



Mom: "Well, sweetheart, it's not complicated—he just refused to panic. While everyone around him was losing it, screaming that certain tech stocks were finished, he stayed calm. Really calm."

"When the production chaos hit, when bankruptcy headlines plastered everywhere, when COVID crashed the markets and people were liquidating everything... he kept buying. Not selling. Buying."

"Then came the social media takeover drama. Total chaos, right? The moment it happened, half the market freaked out. Your dad? He saw opportunity in the noise."

"The key wasn't being smarter than others. It was being different. While haters screamed and panic sellers rushed for the exits, he understood something simple: fear is temporary, but quality assets compound over time. He ignored the noise and let conviction do the work."

"That's really the whole story."
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
BearMarketBrovip
· 2025-12-31 23:07
Basically, it's a mindset issue. When others panic, they add to their positions. It sounds simple, but actually doing it is really difficult.
View OriginalReply0
TooScaredToSellvip
· 2025-12-31 17:14
To be honest, this story sounds like a textbook example of survivor bias... Out of ten people who dare to buy aggressively during a crash, eight probably went bankrupt directly.
View OriginalReply0
RetailTherapistvip
· 2025-12-29 21:00
Stay calm and keep buying, it's easy to say but hard to do, buddy. Truly capable people are few and far between.
View OriginalReply0
GateUser-9ad11037vip
· 2025-12-29 00:49
NGL, this is a classic survivor bias narrative... Who would make a story about someone who truly lost everything?
View OriginalReply0
RebaseVictimvip
· 2025-12-29 00:41
To be honest, this story sounds like armchair strategizing after the fact... Anyone can say they had foresight back then. Reverse thinking indeed makes money, but what about the risks? Out of ten who dare to buy the dip, nine get trapped and lose everything. Damn, this is survivor bias. Don't think you've gotten a bargain just because you haven't been cut yet. It's easy to say not to panic, but try it when real money is on the line?
View OriginalReply0
NotFinancialAdvicevip
· 2025-12-29 00:35
Basically, it's about mindset. When others panic, I go all in. That's the real way to make money. --- It's just reverse thinking. The more it crashes, the more the opportunity. The key is having bullets. --- It sounds simple, but how many actually do it? Most people still follow the trend and cut losses. --- So the core is not listening to external noise, and sticking to your judgment. --- This story has flavor, but in reality, choosing the wrong asset can also lead to explosion. --- "Fear is temporary"—that's brilliant. Truly, history is always repeating itself. --- The question is how to determine what are quality assets. That's the real challenge. --- Greed is never satisfied. Many know how to operate reversely, but few can stick to it. --- Having insufficient capital is really meaningless; one or two limit-downs and you're out. --- Conviction sounds impressive, but sometimes it's just gambling on luck. --- I just want to know how he distinguishes between panic and real risk.
View OriginalReply0
BlockchainDecodervip
· 2025-12-29 00:31
According to research, there is an interesting cognitive bias in this narrative—it assumes rational decision-making while ignoring survivor bias. Data shows that most reverse traders did not achieve equivalent returns under the same market conditions. It is worth noting that from a technical perspective, the market's efficient pricing mechanism determines that the probability of continuously "spotting opportunities" is much lower than what such stories imply.
View OriginalReply0
FalseProfitProphetvip
· 2025-12-29 00:28
Basically, it's just about living longer. Is it really that simple for people to make money by surviving a few dips... How many people, due to lack of funds, continue buying and end up being forced to sell at a loss? Survivor bias is real.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)