The survival bias trap—one of crypto's oldest playbooks. Here's the mechanics behind it.

You spin up a bunch of wallets. Dozens, hundreds, whatever scales. Then you go all-in on daily coinflips across every single account, maximum risk every time. Most collapse to zero pretty fast. Exponentially fast, actually. But here's where it gets interesting: a handful of them don't. A few thread the needle through pure luck and keep winning. Those lucky survivors? They look unstoppable. They look like geniuses.

That's the trap. People only see the accounts that made it. They never see the graveyard of the 99 that got liquidated. The winner becomes the narrative. The cautionary tale stays invisible. So traders start copying what looks like a winning strategy, when really they're just seeing the statistical outlier dressed up as skill.