@ogcapital
Survivorship Bias and FOMO: Mind Tricks
Survivorship bias and FOMO skew our perception, especially in crypto trading, where everyone claims to buy low and sell high, flaunting their P&L.
Survivorship bias focuses on success stories—like new Porsche Carrera 911 GTS photos—while ignoring failures. FOMO is the anxiety that others are experiencing better things.
They connect as survivorship bias fuels FOMO with curated highlight reels—millions in P&L, vacations, houses—but not the mundane or failed moments. In web3, we hear about winners, not losers, sparking FOMO that drives impulsive decisions. Mental resilience and execution are key, or you risk becoming another James Wynn.
When FOMO hits, pause. Survivorship bias hides the full story. Dig for failures to see reality isn’t as shiny—and that’s okay.
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