The Collapse of the “Dog Chain” Why Are Most People Losing Money in Investments?

Source: Liu Jiaolian

Last night the stars and the wind blew, west of the painting building and east of Guitang.

With the rapid borrowing, plagiarism, and copying of the native dog memes on Solana, the funds, leeks, and attention were quickly dispersed, diluted, and diluted. The first god plate was almost cut in half in 24 hours.

Jiao Lian once said: "After breaking the defense, you will be jealous. After getting jealous, they will plagiarize in droves. When they plagiarize together, there will be more scammers. Nine out of ten scammers will cheat.I am afraid that when thousands of dishes fly together next time, the leeks who rush in to take over will have to bleed.< /em>‖

The fate of thousands of native dog suicide squad members has already been marked with a price.

In the speculative market, what is more exciting than giving away someone's head thousands of miles away, handing the guillotine that cuts off one's life and destiny into the hands of the trader, and sending money to the trader like a moth to a flame? What about people sighing?

The Bodhisattva said: All living beings suffer. However, the source of that scripture has long since disappeared.

My son asked me: Why do most people lose money in investments?

My answer: Because they all like to gather in crowded and lively places. Mathematical distribution strictly determines that only a few people can make money. If one person makes 10 yuan, there must be 10 people who each lose 1 yuan. Therefore, according to the principle of probability, you will most likely lose money if you go with the majority. With 11 people, there is a 10/11 = 90.9% probability of being the loser who loses 1 yuan.

The baby realized: Because they all wanted to make money, they all lost money.

I said: Yes, that’s right. They are blinded by the desire to make money.

The baby was thoughtful and asked: If they all think about losing money, will they make money?

I answer: Yes. This is what I always say, "Add more on dips."

The baby understood and said: Then I know, there is a secret to investing.

I asked: What is it?

Waer said: Buy in a bear market and hold for the long term.

I said: Yes, that is very correct!

Waer quickly added: It is only suitable for high-quality targets that will not return to zero, such as Bitcoin.

I praised it and said: That’s right.

Wa'er asked again: Should we add a "bull market sell"?

I replied: If you know that an investment will keep rising, do you need to sell it when you no longer need the money?

Waer said: No need. Just keep holding it.

I said: Yes, just hold it for a long time.

In the past, the so-called "eight-character formula" talked about "insisting on fixed investment and adding more positions when the market falls." This is a tactical operation. Today, what we are talking about is "buy in a bear market and hold for the long term", which is strategic thinking.

Confucius said:Learning without thinking will lead to ignorance; thinking without learning will lead to peril. ("The Analects of Confucius·Wei Zheng")

If you just rush and shuttle without knowing how to think and summarize the strategies and mentality, you will lose money in a confused way. If you indulge in theories and analysis all day long but don't dare to make real money, you will end up with nothing but flowers in the mirror and nothing in the water.

To translate it more bluntly: a position without research is giving away money, and research without a position is nonsense.

Confucius also said: Respect ghosts and gods and keep them at a distance. ("The Analects of Confucius·Yongye")

Ghost hands and divine disks can only be viewed from a distance, not played with. The sacred plate is the Golden Cave. The god plate is a skull mirror. The sacred plate is the burial ground.

I forgot to shrink my hand when I had enough time behind me, but I had no way to turn back.

It is better not to get into a trap at the beginning.

Confucius also said: Wealth is something that can be sought after. Even if you are a whip-wielding man, I will do it. If you can't ask for it, do as I like. ("The Analects of Confucius·Shuer")

If I could get wealth and honor, I would be willing to do it even if I was a driver driving someone else's carriage. If I can't ask for it, then do something that is in line with my interests and what I like.

In today's society, delivering food and driving online ride-hailing services are roughly equivalent to what Confucius said about "people holding whips," right? In fact, most professions are basically just mediocre achievements. Regarding this point, it will be very clear after reading "Das Kapital" several times.

The key question is, how can we obtain wealth?

If a boring job can provide me with the funds to save BTC in the long term, then it suddenly doesn’t look so disgusting.

Saving BTC has indeed leveled the natural differences between professions, making people in different professions more equal.

If this method was known to Confucius, he might have praised it and said: Even if a man with a whip hoards BTC, I will do the same if he is rich and can ask for it.