That is actually a
myth.
Science and the study of diving have had a great impact on diving practices over the decades. The PADI Recreational Dive Planner was created after extensive research showed that people who dived within its limitations could ascend at any time after any emergency with a greater then 99% chance of having no ill effects. For most people, those limitations are considered the definition of recreational diving.
Over the past few decades, several of the people known for pushing those boundaries to the limits learned how to do it safely, and they formed agencies to teach those skills. Diving safely beyond those limits has become known as technical diving.
The kind of bounce diving described in this thread is in a no man's land in between. It is the kind of diving that led to what we call technical diving, but no technical diving agency endorses it as described here because it includes none of the safety factors they endorse. It does not mitigate the effects of narcosis. It does not carry extra gas. It does not include redundancy in case of equipment failure. It does not include equipment to assist in a foreseeable emergency. In short, it assumes all will go well and carries no provision for the time that it will not go well. (Yes, there is a gray area within the navy and scientific communities that do practice relatively safe bounce dives, but that is not what we are talking about here.)
So why do it?
Perhaps it can best be summed up by a recent
post in another thread in which a bounce diver explains why he does it. He sums it all up by saying, "At the end is the rush...the joy of feeling alive after the dive what makes the dive worth it... thats for me." VDGM has said in the past that he would like to die in a deep dive, and he repeated it in this thread. I am sure there are other reasons, but psychologists have a name for this one: it is called a
death drive.
So can someone do dives like this and survive? Obviously so. Many people do it with great frequency without a problem. An apt comparison has been made to driving. There are many people who regularly have a few drinks and then drive at high speeds without any incidents as well. I imagine that they brag about it to friends and on internet social forums like this one.
But sometimes there are incidents. I was on the jury for a young lady who had a few drinks and drove head on into another car, killing the driver. A few weeks ago in Cozumel three experienced bounce divers planned a dive to 300 feet. One of them got narced and went to 400 feet before being stopped by one of the others. On their ascent those two ran of gas at 200 feet and had to buddy breathe with the third diver to the surface. One may not live. Another will never dive again. The third may have a satisfactory recovery. A few weeks ago one of the Louisiana bounce divers Captain raved about earlier in this thread went looking for a fish below 200 feet and never returned.
As divers we have choices. We can stay within recreational limits and almost certainly be safe. We can take technical diving training so that we can exceed those limits with relatively safety. Or we can bounce dive without those safety measures, fully understanding and perhaps enjoying the risks. It is all a matter of knowing what is right for you.