In an industry labeled by 'disruption' and 'anti-tradition', the most cutting-edge participants are rediscovering the 'first principles' that help navigate bull and bear markets from the oldest, simplest family education.
From 'pocket money' to 'asset allocation': The crypto investment philosophy in traditional family education.
When a Gen Z crypto trader writes on Twitter, 'When I was a kid, he taught me to save my pocket money to buy what I wanted most—this is the first 'delayed gratification' I learned,' he is actually using the most straightforward language to touch upon the essence of value investing. This seemingly simple action is given a new yet remarkably fitting connotation in the context of crypto:
Delayed Gratification -> HODL & BUIDL:
Saving pocket money in a piggy bank, resisting the temptation to buy snacks for immediate gratification in exchange for a toy or game console of greater value in the future—this is a financial enlightenment that almost everyone experiences in childhood. In the crypto world, this is the original version of the 'HODL' spirit.
Facing hundreds of times volatility of altcoins and contract markets daily, the ability to resist the temptation of quick riches and firmly hold core assets (like BTC, ETH) or devote oneself to the development of a project (BUIDL) is supported by this ability of delayed gratification. The patience taught by fathers has become the strongest shield for crypto investors against market noise and inner greed.
Long-term Vision -> Diamond Hands:
"Don't always focus on short-term gains and losses." This advice reflects the life wisdom of previous generations when facing stock market fluctuations or business ups and downs. They may not understand candlesticks or Fibonacci retracement, but they understand the power of cycles.
This simple long-termism is the foundation of the 'Diamond Hands' culture revered by the crypto community. When the market faces extreme downturns, countless 'Paper Hands' sell off in panic, while those who can recall their parents' teachings and persist in holding their core positions often reap the rich rewards after the market rebounds. From this perspective, behind every pair of 'Diamond Hands' may stand a father who advises them to 'look further'.
Risk Management -> Asset Allocation:
"Don't put all your eggs in one basket," is a golden rule of investing that often originates from the family. For a crypto investor, the significance of this phrase is particularly profound. The high volatility and high risk of the crypto market mean that a concentrated strategy on a single asset can easily lead to catastrophic outcomes.
A mature crypto investor will allocate funds reasonably to relatively stable 'value storage' assets like Bitcoin and Ethereum, as suggested by their father years ago, as well as a portion to high-risk, high-return alternative assets (Altcoins) or DeFi protocols. This is not only a technical strategy but a reverence for risk that stems from family wisdom.
A cultural rooting of 'returning to ancestors': Why does the crypto industry need 'fatherly wisdom'?
This collective tribute on Father's Day is by no means accidental. It profoundly reveals an important psychological shift and cultural rooting occurring in the crypto industry after experiencing several rounds of frenzy and disillusionment.
This is a reflection and balance against 'speculative culture'. The crypto world has long been dominated by the narrative of 'getting rich overnight', from the ICO frenzy to DeFi Summer, and then to the mania of meme coins; speculation has almost been the strongest fuel for the industry's development. However, extreme speculation inevitably comes with huge bubbles and painful crashes.
When the tide goes out and countless investors' accounts hit zero, people begin to reassess those forgotten, seemingly 'outdated' traditional wisdoms. The stability, prudence, and long-termism represented by fathers provide a necessary 'cooling balm' for this overly exuberant market.
Secondly, this is about finding 'anchors of trust' in a 'trustless' world. Blockchain is built on 'Code is Law' and 'trustlessness', attempting to create a system that does not require centralized authority. However, in the dark forest filled with anonymous addresses, rug pulls, and hacking attacks, absolute 'trustlessness' also brings extreme insecurity.
At this moment, the most primitive 'trust'—the teachings of a father—derived from blood ties and family has become the most reliable spiritual coordinate. It reminds people that no matter how technology changes, those principles based on humanity and tested over time remain the brightest lighthouse through the fog of risk.
Lastly, this is a sign of the industry's maturation. Any emerging industry will go through stages of barbaric growth, total disruption, and gradual absorption and integration of traditional wisdom. Early crypto believers took pride in challenging and disrupting traditional finance, but now, as the industry expands and institutions enter, people realize that many risk control, asset management, and value assessment models accumulated over a hundred years in traditional finance still hold irreplaceable value.
Translating the traditional wisdom of fathers into investment principles in the crypto world vividly reflects this blending process, marking the industry's growth from a rebellious 'youth' to a 'mature adult' that understands compatibility and inclusiveness.
Conclusion: From 'Code' to 'Family Values', seeking eternal Alpha.
In an industry where everyone is seeking Alpha (excess returns), this collective nostalgia on Father's Day inadvertently reveals a neglected truth: the most powerful and enduring Alpha may not hide in complex code models or insider news, but is rooted in the most simple character and wisdom—patience, foresight, and a reverence for risk.
"My first HODLer is my father." This statement is both a holiday gift to a father and a memo from the crypto world to itself.
It reminds everyone who is panning for gold in this digital new world: as we gaze up at the stars and the vast ocean (the decentralized future), we must never forget those oldest and most solid forces that teach us how to stand firmly on the ground.
This article only represents the author's personal views and does not reflect the platform's stance or views. This article is for information sharing only and does not constitute any investment advice for anyone.
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