Out of all the garbage sayings that get thrown around in trading, there's one I actually like: if you're not humble, the market will humble you. It's not just about losing money on a bad trade or getting caught in a blowup. It's the way variance reaches into your heart and distorts everything you think you know. Bad decisions get rewarded just often enough that they start feeling like insight, while good ones get punished frequently enough that you begin to doubt whether you ever understood anything at all.
Usually, the market doesn't humble you by proving you wrong once, though it can certainly do that too. Usually, it does it by making you question whether right and wrong even matter. You watch someone make every mistake in the book and walk away with profits, while your carefully reasoned positions bleed out slowly, and suddenly the discipline you built feels like superstition. That's when humility stops being a virtue you practice and becomes a necessity you surrender to, because the alternative is letting variance convince you that noise is signal and luck is skill.
Eventually, the market beats you down enough that you stop choosing to be humble and start needing to be humble.
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There are 36.4+ million crypto tokens today. We are on pace to have 100 million tokens by the end of 2025
To put in perspective, the 2017-2018 "alt season" had just <3000 tokens and the 2013-2014 alt season had <500 tokens