Is Bitcoin “selling on rallies”?

Yesterday, my friend circle and various groups were full of messages celebrating Bitcoin Pizza Day. It just so happened that Bitcoin hit a new record high of $110,000 again in the past two days.

In this atmosphere, everyone excitedly celebrated this Bitcoin festival: 15 years ago, a programmer bought two pizzas with 10,000 Bitcoins.

The historical significance of this event is needless to say, it symbolically gives Bitcoin intrinsic value.

But afterwards, especially in recent years, whenever people celebrate this day, they talk more about what would happen if this programmer kept all (or part) of these Bitcoins and kept them until today.

I opened the historical trend of Bitcoin on coingecko, and the starting point of its data recording is April 28, 2013, when the price of Bitcoin was $135.

I thought the price was still high, so I tried tradingview again. The records there are quite detailed. I found the time when Bitcoin first reached $1, which was probably on February 1, 2011.

Why did I want to find the time when Bitcoin first reached $1?

Because from $1 to $100,000, Bitcoin has achieved a 100,000-fold increase. If an ordinary person is lucky enough to get a 100,000-fold increase in income from an investment product in his lifetime, even if his initial investment amount is not large, this income is enough for him to achieve financial freedom and a certain degree of class leap from an ordinary person.

Back in 2011, whether our generation was studying or already working at that time, it should not be difficult to take out 100 yuan from the usual pocket money or salary to invest, right?

If the 100 yuan had been used to buy Bitcoin, it would be worth 10 million yuan today. Even in first-tier cities, this asset can actually allow you to live a relaxed and comfortable life as long as you don't pursue a luxurious life.

But the difficulty is that even if we really bought Bitcoin with the 100 yuan at that time, how many of us can keep it until today without any tossing in the middle? How many people can completely block the ups and downs that Bitcoin has experienced during this period, and even the sharp drop to zero?

To block all these interferences, I think the core is actually two points:

First, believe that it has value in the future.

Second, completely abandon the idea of ​​doing bands.

For the vast majority of people who are still exploring the encryption ecosystem today, I estimate that the first point is easier to some extent---After so many years in this ecosystem, I have more or less established a certain understanding of Bitcoin in my heart.

The second point is difficult, otherwise we would not be unable to help but want to pay attention to the market and want to see the price of the currency every now and then. In the process of doing the band, the easiest pit to fall into is that once you sell it, it is difficult to buy it back, and finally miss this wealth express.

So the long-term holding of Bitcoin is a more critical test for investors.

Just these few days, I will brush Lin Yuan's video from time to time. He often said in the video that he bought stocks for a long time and did not sell them. However, he sometimes speaks inaccurately. Fortunately, I have watched more of his videos and can understand his words in the context. What he said in the video is not to sell the stocks he is optimistic about for a long time, not to buy any stock and not sell it.

Among Lin Yuan's past investment cases, Darentang is a case with more reference value.

Lin Yuan bought Darentang's S shares listed in Singapore. Compared with A shares, S shares are cheaper and have more generous dividends. He bought a large position in this stock in 2013. But the share price of Darentang's S shares remained almost unchanged in the 10 years from 2012 to 2022.

In this situation, ordinary investors would have lost their patience and would have cleared out the stock long ago. If they did so, they would miss the next surge in Darentang: from 2022 to 2025, Darentang started a surge mode, and its stock price soared 10 times in three years.

In the case of Darentang, it took 13 years to achieve a 10-fold increase.

In the case of Bitcoin, it achieved a 100,000-fold increase, but it also took 14 years.

So what I want to say is that for ordinary investors, if you really want to gain epic wealth, you must make friends with time, whether you are investing in traditional investment fields or in the crypto ecosystem.

Dreaming of getting rich overnight and being obsessed with swing trading are the biggest enemies for ordinary people to achieve wealth advancement.

Thinking this way, I am increasingly inclined to hold Bitcoin and Ethereum for a long time in the future. Unless the market is extremely crazy, even if the market is good, I will try not to do the so-called "selling at high prices".