Bitcoin is the first time in human history that private property has been made sacred and inviolable through technological means. - Li Xiaolai
The moment I truly understood the Bitcoin white paper, my feelings were indescribable. I was filled with wonder, excitement, and regret. I was amazed at Satoshi Nakamoto's ingenious design, excited about the great social changes that Bitcoin would bring, and regretted that I didn't read the white paper when I first heard the word.
I am an idealist, and my original intention was to participate in this unprecedented social experiment. But it is undeniable that the surge in Bitcoin prices was the main motivation for me to read the white paper.
Unexpectedly, participating in this social experiment also changed my cognition and put my humanity to a great test.
Human nature is fragile and often cannot stand the test. For a while, I doubted myself because I was caught in a huge contradiction.
I am hoarding Bitcoin almost crazily. Is it because of my ideal or greed? I can no longer tell. On the one hand, I am still holding on to my ideal. Maybe the experiment will fail in the end, but I have no regrets. On the other hand, I am so convinced that it will succeed that the more I hoard, the faster I will achieve financial freedom. I can't control my impulse to hoard coins.
In the end, I had to set a hard rule for myself - not to sell coins. Not selling coins means that I can't earn legal currency, which means that my investment will live and die with this experiment.
However, I still cannot control my urge to hoard coins. I can only comfort myself by saying that I am Satoshi Nakamoto and Bitcoin is my child. I need to keep investing in it to help it grow.
In the field of investment and finance, idealists cannot survive. For example, there is a classic passage in the classic recording of Mr. Li Xiaolai:
Fuck, you talk about value investing all day long, fuck, I'll tell you an example, I curse Chinese medicine every day, Chinese medicine is stupid, but I really bought the stocks of Chinese medicine listed companies, the reason is very simple, I know that stupid people believe it, there are many stupid people, and I know that if I don't buy it, others will buy it, why don't I make this money? Business is business. In the end, there is no world more winners and losers than the world of finance.
This may be a crude statement, but it is true. How can an idealist succeed in the fields of investment and finance?
You see, I am not optimistic about traditional Chinese medicine, so I will never buy its stocks; I hate the child abuse incident in a certain kindergarten, so I will never buy its stocks at the bottom; I hate forked coins and air coins, so even if I know there is a high probability of making money, I will never speculate on them.
Sometimes I wonder why I am so stupid and stubborn. I don't know.
Fortunately, I have Bitcoin. I have to admire Bitcoin, it actually favors idealists so much. Some time ago, Mr. Li's fund was cashed out, but the 5-year rate of return was only more than 40 times, which is not as high as that of an idealist like me who foolishly hoards Bitcoin. It's so ironic to think about it.
This shows that even if you are as awesome as Mr. Li, with countless fans, have dug the "Baomao 7BTC or less, buy it at will", and cut BTS and EOS with BM, and have provided platforms for countless coins, and have been tormented to death, claiming that you are very busy, seven years is a lifetime, and work excitedly every day, and fight with partners for profits. In the end, the income is still not as good as Bitcoin.
However, if you think that idealists will definitely have a comfortable life, you are wrong again.
The fact is that many idealists did not make it to the present day. After staying for a while, they could not see any ideals in other people in the circle. They saw greed everywhere and were extremely sad and disappointed, so they chose to quit. It is a pity.
Those who have persisted until now may have been able to distinguish who they are disappointed with: the people in the cryptocurrency world or Bitcoin itself?
Many people will blame Bitcoin for all the bad things done by people in the cryptocurrency world, such as Song Huanping and VV Sauce. This is of course wrong. We cannot blame guns for all the bad things done by murderers, nor can we conclude that guns are not technological innovations.
Bitcoin is an amplifier of human nature. All the scams you can imagine and all the scams you can't imagine will happen here, and they are endless. What's more annoying is that the scammers can cheat again after cheating once, such as Zhu Rong. Sometimes I feel helpless when I think about it.
But no matter what, I still hold on to my original ideal. And the longer I hold Bitcoin, the more optimistic I am, and I have no doubt that Bitcoin can succeed. I hope everyone can stick to it.
The more chaotic the circle is, the more it shows that the Bitcoin system has strong resistance to shocks. Some people spare no effort to blacklist Bitcoin and suppress it; some people spare no effort to deceive people and make profits, making the circle a mess; some people spare no effort to control Bitcoin, but the evildoers will be punished by the evildoers. However, Bitcoin just develops on its own, develops at a high speed, and develops at an accelerated rate, and is not affected at all.
More and more people will join us, and the trend is unstoppable.
If you are an idealist like me, then I also have a few experiences to share.
First, don't get too excited.
Don't praise Bitcoin to everyone you meet, don't bring up Bitcoin in every conversation, there's no need to make yourself look like a psychopath, and there's no need to act like a pyramid schemer. Moreover, the more enthusiastic people are at the beginning, the less they can last. There are many precedents like this.
If you have time, you can calm down and study some economics and cryptography courses. Online courses are actually very convenient. It takes time to deeply understand Bitcoin. It requires both theoretical guidance and your own practice. But in any case, it is much more reliable than popular science and cryptocurrency trading strategies.
To be honest, my excitement is no less than anyone else's, and I am very persistent. After many years, I am still very excited. Maybe you can feel my excitement between the lines. However, apart from writing articles, I usually don't talk about Bitcoin.
Second, don’t ask where the bottom is.
Imagine that after several years, you have gone from a newbie to an old-timer, and a newbie sends you a private message asking, "God, where is the bottom?" How should you answer?
For something that has no upper limit, there is no need to always worry about where the bottom is. Although you came late, you don't have to be upset. Coming late is bad luck.
Only those who are lucky enough to miss the chance should be upset. Do you know? Many people have been here for several years, but still have no coins. From 8,000 yuan to 900 yuan, they are struggling to figure out where the bottom is. From 900 yuan to 130,000 yuan, they are still struggling to figure out where the bottom is. From 130,000 yuan to 40,000 yuan, they are still struggling to figure out where the bottom is. You should be glad that they have been struggling.
I have bought coins worth 5,000 yuan, 1,000 yuan, 130,000 yuan, and I am still buying coins worth 40,000 yuan. I only care about the beautiful scenery at the end.
If you really want to hold the currency at a low cost, it is better to make a fixed investment than to guess the bottom. From 8,000 yuan to 900 yuan, the average cost is about 2,000 yuan, which is twice the lowest point, but only a quarter of the highest point, which should be acceptable.
Third, don’t forget your original intention and stay patient.
Don’t follow the hype of forked coins and virtual coins even though you know they have no future; don’t cheat, even if you can make money that way; don’t engage in endless quarrels, we don’t need to engage in verbal battles, time will eventually prove the greatness of Bitcoin.
Along the way, I feel that many people have changed. If you stay in the big dye vat for a long time, it is difficult to stay out of it. Outsiders can see the bad things clearly, but insiders will always make up all kinds of excuses to paralyze themselves.
Always think back to why you came here in the first place. Try to find a balance between ideals and greed, and pursue profit rationally.
A journey of a thousand miles tests a horse's strength, and time reveals a person's heart. I look forward to seeing you here again in 4 years, 8 years, 12 years, and N years. By then, you have withstood the test of human nature and achieved financial freedom. We are old friends who have never met. We may not drink together or eat barbecue together, but we are connected in mind and can feel close to each other even across the Internet, just because we are all Satoshi Nakamoto.
"Hoarding Bitcoin" will share my thoughts and experiences in the process of hoarding Bitcoin in the past few years. The purpose of writing it is not to promote Bitcoin, but to help those who are ready to hoard Bitcoin. If you are not optimistic about Bitcoin, it is best to unfollow me. Whether you are optimistic about Bitcoin is largely related to values, and I have no intention of changing anyone's values. #BTC #Binance #Web3