"A very small group of individuals who got lucky and accidentally made large sums of money"
ACCIDENTALLY.
The new gen really think we STUMBLED into this?
Do you have ANY idea what it took to bid on $DOGE when the entire internet was calling you a clown for it?
I was scrolling Reddit 24/7 watching people laugh at my bags,
The concept of a "memecoin" didn't even EXIST yet and we were the degens who believed in it before anyone else..
Do you know what it felt like buying $PEPE in the depths of a bear market when there was zero hope and everything was going down only?
Do you know how hard it was to buy $BTC after MTGOX got hacked and everyone's coins got stolen?
Do you remember what happened during COVID?
$ETH and $BNB went to almost ZERO in a few candles,
The world was literally collapsing, people thought it was the end of civilisation,
And we were there buying $ETH and posting memes on TG whilst everyone around us was stacking food and water..
But yeah sure, we got "lucky"
never understood this take
even the traders i know who mainly hold coins long term, they do so very selectively and put in thousands of hours into their craft to be the best, sleuth for the best coins and in turn make millions
the idea that you should be able to be handed millions of dollars without putting in any work is comical and has never been a thing at scale, it is entirely survivorship bias from a very small group of individuals who got luck and accidentally made large sums of money on dogecion/pepe/etc in the past