Bitcoin was unknown at first, but when it became famous, the world was shocked

Source: Liu Jiaolian

As time passes, things change and people change. When Bitcoin broke through the US$60,000 mark and once stood at 64,000 US dollars, Bitcoin was still the same Bitcoin, and the currency holders may no longer be the currency holders when it was US$60,000.

In just three or four days, Bitcoin surged by 20%, jumping from 50,000 to 60,000.

Bitcoin led the gains.

When Bitcoin rises sharply, it always gives people a strong sense of oppression and suffocation. People who were not on the bus could not get on the bus at all. They could only watch the high-speed train speeding away in front of them, leaving themselves stunned in place, with tears rolling down their cheeks.

Based on the exchange rate, the price of BTC against the legal currencies of many countries has reached the high point of the year.

The data shows that in this round of rushing to highs, institutions are the main force, while retail investors have been lagging behind. This is why the market continues to reach new heights, but the excitement is far less than it was when it was $60,000 in '21.

Don’t feel sad and resentful. Silence is better than sound at this time.

What is worrying is that the price has come back and the position is gone. Unfortunately, at the perfect time-turning-back moment at the end of 2022, I did not seize the opportunity to buy the bottom. Instead, I was frightened by the voice of belittlement and cut my flesh at the bottom, clearing my position and leaving the market.

Many people say that Bitcoin is one of the most liquid assets.

The Coase Theorem also tells us that assets always tend to flow to the hands of those who are most deserving of them. Who is most deserving of this asset? Capital tells us another truth: the only purpose of assets is to increase their value. Therefore, it will go to whose hands it can increase in value the fastest.

Why do some people just can’t hold Bitcoin? Why do some people once owned Bitcoin but now have nothing? Ultimately it comes down to this question: Virtue does not deserve currency. Keeping Bitcoin in his hands cannot best realize the vision of Bitcoin, so he has to abandon him.

The superior virtues do nothing but think; the inferior virtues do nothing but think.

But to do good deeds, not to worry about the future, to hoard money resolutely, and to be immovable as a mountain, this is the highest virtue. Shangde does nothing, does not carry out short-term operations, does nothing, and does not care about short-term profits and losses. This is the virtue of allocating coins.

Many new leeks are in a panic, without the ability or courage to do anything, but their mentality is unstable and worried about gains and losses. They pursue FOMO when it rises, and FUD cuts them when they fall. "Three treasures of leeks", one Quite a few. This is the virtue of not being worthy of money.

Shang Ren has something to do but nothing to do. Shangyi has actions and thoughts.

Have the ability and courage to trade, and be able to carry out asset allocation and position management based on the overall situation, regardless of gains and losses at one time or place, and achieve overall comprehensive performance. This is the kindness of professional investors.

Infatuated with chasing ups and downs in the market, fighting fiercely, but neglecting strategy planning and risk management. They regard themselves as gods for floating profits and scold their mother for floating losses. The more they care about short-term profits and losses, the more they care about short-term profits and losses. Instead, he became more and more fettered by it, and became a ghost under a big machete. This is the meaning of speculating on coins and leeks.

So what is the Tao?

The knowledge of this asset is the Tao.

Bitcoin was unknown at first, but when it became famous, the world was shocked!