This year, there is a core goal, which is to upgrade my investment strategy.

The biggest shock in recent years has been gradually understanding the unique thinking of some top investors.

For example, this year you often hear news saying that the ancient whales of BTC and ETH have awakened, selling chips that they bought a long time ago, which have not moved for over a decade. They may have only invested a few tens of thousands of dollars many years ago, and now it has turned into millions or tens of millions of dollars.

I often think, if it were me, could I hold on? I cannot hold on. So where is our difference?

Many people like to tease, as if 'holding on' is a random event. It seems that most people can hold on, and you don't have to think about why you can't hold on.

But I think it's the opposite. On the contrary, the poorer you are, the more important it is to think about this matter. There are only a few paths to fundamentally change your economic situation: 1. Large capital steady rolling (which you don't have), 2. High risk high multiples (which tests mindset and skills), 3. Low risk high multiples (the execution difficulty is minimal, the only threshold is information and cognition).

The path of 3 is a very cost-effective path. No matter how poor a person is, squeezing out ten thousand or twenty thousand in idle funds is always possible, right? Sticking to not using the investment funds for ten years is always possible, right? Improving cognition is indeed difficult, but the cost is low; you mainly pay with time.

Looking at some public cases of early investors who still hold on, we can find very obvious patterns:

For example, in 2013, Wang Xing revealed on Fanfou that he bought some Bitcoin. He said, "I have no time to study deeply, nor do I have the desire for speculative profits; I just think this idea is too amazing and is destined to be recorded in the history of human civilization." He also stated that he didn't buy much, just felt he had to participate a little.

Another example is Bonk soaring in 2024; one user who received an early share never sold out. When it was announced to be listed on Binance, he sold everything and wrote a long article on Twitter sharing his journey. He had a thesis on Bonk's possible success. When a major positive news of 'being listed on Binance' appeared, he believed that there was already significant good news + the current profits were too much for him, so he decided to cash out completely, regardless of how much it might rise afterwards.

When the chip value is low, objectively: buying purely out of appreciation, not being stingy with one's costs, and not investing everything due to fantasies of getting rich.

When the chip value is high, subjectively: selling purely out of one's needs, not comparing or showing off, not caring about selling at a peak.

Diamond hands have always been effective; what fails is the diamond hands purely centered on oneself and built on illusions.

This is a strategy that ordinary people can easily imitate. For example, if you are a salaried worker with a stable income. In your spare time, be a bit more curious, have a more open mindset, and invest a little in something special when you encounter it. Do not sell until this investment has risen to a level that can change your life; this is entirely doable.

If you persist in practicing this discipline, even without becoming wealthy, it will be a very transforming experience, freeing us from the 'poor mindset'—thinking in a longer-term way, and not being bound by the illusion of money.