#Binance Alpha活动 Looking back at the rise and fall of Polymarket's "God of Sports Predictions," Mayuravarma, one can't help but recall the countless crypto projects and traders we've witnessed soar and crash over the years. Turning a $5,000 principal into $3.8 million in just one month, only to nearly lose it all within a week—such dramatic reversals are not uncommon in our space.
From LOL esports to professional sports leagues like the NBA and NHL, Mayuravarma's betting range kept expanding, and the wager amounts skyrocketed from a few thousand dollars to the millions. This rapid capital expansion is a double-edged sword—it brings massive returns, but unconsciously changes a trader's risk awareness and decision-making patterns.
When a trader gets used to treating money as mere numbers and is no longer satisfied with small bets, that's often the beginning of a downward spiral. Mayuravarma's final all-in bets on NHL and CFB games were almost a repeat of those high-rolling ICO investors back in the day who staked everything on a single project.
This case reminds us once again that in both prediction markets and crypto investments, overconfidence and the "gambler's mindset" are deadly. Maintaining caution and risk control, taking profits and stopping losses at the right time, are the keys to surviving long-term in this high-risk field. History always repeats itself—let's hope we can learn from it and avoid making the same mistakes when the next bull run arrives.
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#Binance Alpha活动 Looking back at the rise and fall of Polymarket's "God of Sports Predictions," Mayuravarma, one can't help but recall the countless crypto projects and traders we've witnessed soar and crash over the years. Turning a $5,000 principal into $3.8 million in just one month, only to nearly lose it all within a week—such dramatic reversals are not uncommon in our space.
From LOL esports to professional sports leagues like the NBA and NHL, Mayuravarma's betting range kept expanding, and the wager amounts skyrocketed from a few thousand dollars to the millions. This rapid capital expansion is a double-edged sword—it brings massive returns, but unconsciously changes a trader's risk awareness and decision-making patterns.
When a trader gets used to treating money as mere numbers and is no longer satisfied with small bets, that's often the beginning of a downward spiral. Mayuravarma's final all-in bets on NHL and CFB games were almost a repeat of those high-rolling ICO investors back in the day who staked everything on a single project.
This case reminds us once again that in both prediction markets and crypto investments, overconfidence and the "gambler's mindset" are deadly. Maintaining caution and risk control, taking profits and stopping losses at the right time, are the keys to surviving long-term in this high-risk field. History always repeats itself—let's hope we can learn from it and avoid making the same mistakes when the next bull run arrives.