If I buy 10,000 yuan in the currency circle now, will I become a millionaire in ten years?
First of all, this is a wrong expectation: the currency circle is not a cash machine. In any financial market, it is very difficult to obtain a hundredfold return.
Some people will definitely scold me for saying this, but this is a fact. I admit that there are many miracles in the currency circle, and such miracles can happen at any time, but if you invest in the currency circle to experience such miracles, I suggest you forget it, of course.
The reason why you have this expectation is because of the wrong logic of the currency circle:
If you bought Bitcoin ten years ago, you would have made a thousand times the profit now. If you bought 10,000 yuan, you would be a multimillionaire.
This logic is very wrong:
1. The state prohibits various extreme situations such as currency speculation, mining, and exchange failure. Many situations lead to people in the industry generally believing that this industry is going to be finished. If your 1W has become 10W at that time, will you let this happen? Is 10W risky?
Absolutely not, you will definitely withdraw it and run away;
2. There are too many junk coins in the currency circle whose short-term market price exceeds that of BTC. When your BTC increases by 5% and junk coins double every day, can you hold it back?
Definitely not, you will mostly buy junk coins;
3. There are too many cases in the currency circle of people getting rich through short-term contracts. If BTC rises by 1%, if someone opens a contract 50 times, it will rise by 50%. Can you hold back?
Most people won’t. When you open a contract, it will definitely return to zero;
4. There are too many hot spots in the currency circle. When the money-making effect of NFT is most obvious, everyone buys, sells and speculates around NFT every day. Can you hold back?
Most people won’t, and there are too many ways for you to buy and sell NFTs that will make you zero;
We often think that if we invest 10,000 yuan, if we look back ten years later, we will be a multi-millionaire.
But this is always an ideal: when you see others getting rich suddenly, when you want to get married and buy a house, when a family member becomes seriously ill, etc., there are many situations that you cannot handle, and there are too many temptations that make you return to zero.
The biggest threshold for this simple strategy is time, enjoying the current life and maintaining the ability to make money, and treating the money invested in the currency circle as lost.
The logic of value investing is very difficult.
First of all, this is a wrong expectation: the currency circle is not a cash machine. In any financial market, it is very difficult to obtain a hundredfold return.
Some people will definitely scold me for saying this, but this is a fact. I admit that there are many miracles in the currency circle, and such miracles can happen at any time, but if you invest in the currency circle to experience such miracles, I suggest you forget it, of course.
The reason why you have this expectation is because of the wrong logic of the currency circle:
If you bought Bitcoin ten years ago, you would have made a thousand times the profit now. If you bought 10,000 yuan, you would be a multimillionaire.
This logic is very wrong:
1. The state prohibits various extreme situations such as currency speculation, mining, and exchange failure. Many situations lead to people in the industry generally believing that this industry is going to be finished. If your 1W has become 10W at that time, will you let this happen? Is 10W risky?
Absolutely not, you will definitely withdraw it and run away;
2. There are too many junk coins in the currency circle whose short-term market price exceeds that of BTC. When your BTC increases by 5% and junk coins double every day, can you hold it back?
Definitely not, you will mostly buy junk coins;
3. There are too many cases in the currency circle of people getting rich through short-term contracts. If BTC rises by 1%, if someone opens a contract 50 times, it will rise by 50%. Can you hold back?
Most people won’t. When you open a contract, it will definitely return to zero;
4. There are too many hot spots in the currency circle. When the money-making effect of NFT is most obvious, everyone buys, sells and speculates around NFT every day. Can you hold back?
Most people won’t, and there are too many ways for you to buy and sell NFTs that will make you zero;
We often think that if we invest 10,000 yuan, if we look back ten years later, we will be a multi-millionaire.
But this is always an ideal: when you see others getting rich suddenly, when you want to get married and buy a house, when a family member becomes seriously ill, etc., there are many situations that you cannot handle, and there are too many temptations that make you return to zero.
The biggest threshold for this simple strategy is time, enjoying the current life and maintaining the ability to make money, and treating the money invested in the currency circle as lost.
The logic of value investing is very difficult.