HODLer-XF

Lin Yuan said: “A friend of mine started stock trading with me in the 1990s. Now my assets exceed 10 billion, while he only has a few hundred thousand. Why is it that throughout my life, he participated in all the bull stocks I traded, yet made so little money?

There are mainly three reasons. Friends who want to make big money in the stock market must avoid these three situations.”

First, always participating with very little money.

We know that one of the secrets to making big money in the stock market is to heavily invest in good stocks. The most painful thing for a person is when you buy the right stock that increases 100 times, but you only bought the minimum amount, which is 100 shares, thus wasting a once-in-a-lifetime opportunity. If you participate with very little money, you will only make small profits.

Second, lacking a compound interest mindset, withdrawing money to spend after making a little profit.

Anyone can make big money through compound interest. If you invest 15,000 each year in good stocks with an annual return rate of 20%, after 40 years, you would make 1.08 billion. Lin Yuan discovered that his friend lacks a compound interest mindset; every time he made a few hundred thousand, he would sell and spend the money. Therefore, after trading for 30 years, he only ended up with a few hundred thousand in assets and couldn't make big money. Compound interest grows from reinvesting the earned money, and once withdrawn, the money available for compounding naturally decreases.

Third, being stubborn and refusing to change despite knowing one is wrong.
In this world, the strong who can lead are few, while most people are followers. This friend of Lin Yuan has been trading stocks with him for 30 years, buying the same stocks as Lin Yuan, yet always withdrawing a little profit and not listening to advice. As a result, he couldn't make much money. Even knowing he wasn't skilled enough, he insisted on making decisions himself without reflection, which is a major taboo in the stock market. Most followers need to learn the comprehensive thinking of the strong, not just a little bit.

In April 2021, Lin Yuan achieved annualized rates of return of 44.45% and 24.75%, once again ranking first in both the 5-year and 10-year lists of billion-dollar private fund managers. His long-term investment returns over 32 years surpassed Buffett's returns during the same period.

To summarize:
1. The earlier you invest, the better.
2. Have a compound interest mindset, letting interest compound.
3. Avoid taking detours; stay with the best companies.

Among these, the third point is something the vast majority of people cannot achieve:
Because
First, they cannot choose good companies or good targets;
Second, they cannot hold long-term;
Third, they cannot heavily invest…

This makes a lot of sense.

Zhao Changpeng: The lack of privacy may be a missing link in the popularization of cryptocurrency payments.

According to reports from HashChain, Binance founder Zhao Changpeng stated on X platform: "The lack of privacy may be a missing link in the popularization of cryptocurrency payments. Imagine if a company uses cryptocurrency to pay employees' salaries on the blockchain. Given the current state of cryptographic technology, you can almost see how much everyone in the company is paid (just by clicking on the sending address)."

There are definitely many strong players in Bitcoin, and they all come with missions.

Otherwise, it's a bit difficult to control even slightly larger K-line levels because liquidity is what it is.

Altcoins are different; it's easier to control the market.
The chips are mostly in the hands of the project parties and market makers, with not much left for retail investors.

Moreover, there are not many altcoin projects with a good framework this round; most peak right after they go live.

Sigh, everyone complains that trading cryptocurrencies is difficult now, but it will only get harder in the future…..#比特币 #ETH