When understanding reaches a certain level, we no longer need to pay attention to any Bitcoin-related information.
Someone asked me recently why I only proposed hoarding Bitcoin now when the price is already tens of thousands, while I didn't mention it when the price was lower before.
This is really unfair. Three years ago, when the price of Bitcoin was only 1545 yuan, I published an article on Baibit about hoarding Bitcoin (What does hoarding Bitcoin really mean?), with evidence. Although my thoughts on the entire system at that time were not as systematic as they are now.
However, in the next three years, I indeed mentioned hoarding Bitcoin very rarely. In those three years, I wrote about ten articles, mainly about Bitcoin scaling, mainly because some people with ulterior motives confused the view. Compared to the initial six months at Caiyun Bitcoin, where I translated and wrote over 200 articles, this is indeed too little.
In fact, I've almost completely unloaded my attention from Bitcoin.
Aside from keeping one hot wallet, which I rarely use, I have uninstalled all Bitcoin-related software. I don't look at market trends, news, or what influencers say.
Many people ask me to recommend wallets, but I really can't. I've uninstalled my wallet for many years.
Why do this?
First of all, over 99% of the information is meaningless for those hoarding coins. No matter what others say, no matter how the market moves, and regardless of whether the ETF is approved, those hoarding coins only buy, not sell.
Time and energy are our most valuable resources. If you spend a lot of time and energy, even if you can earn some coins, it may not be worth it. Moreover, most people lose coins.
Secondly, we need an 'empty cup mentality.' What is the 'empty cup mentality'? If you want to learn more knowledge, you must first imagine yourself as 'an empty cup,' forget the other content you've learned before, and think about problems from a completely new perspective.
Putting all your attention on Bitcoin means you won't have the energy to learn other content. Over time, you may become obsessed. Remember, Bitcoin is not everything in life.
Again, if you have indeed hoarded Bitcoin for a period, you are already ahead of many others. From mastering private keys at the beginner stage to entering the coin-based mindset at the advanced stage, your understanding of Bitcoin surpasses that of 99% of people, including various influencers. You can no longer read low-level content; it feels insulting to your intelligence.
Finance influencers have a common problem - they talk about all the correct nonsense. You feel it's all right when you read it, but when you really want to take action, you find you don't know where to start.
(Hoarding Bitcoin) series tells you not only why to hoard Bitcoin but also how to do it, even revealing the outcomes (four years later, eight years later, twelve years later). Moreover, it always accepts everyone's scrutiny.
The meaning of 'the greatest principle is the simplest' is to have the ability to simplify complex problems and focus on the main contradictions. Influencers who sell courses or charge group fees will tell you that there's no simple principle, and all simple principles are scams. This complicates simple problems and makes you feel profound, leading you to pay for courses.
Those who truly make money do not open classes or charge group fees. A person who can make money trading coins wouldn't care about the small group fee you paid. A person who hoards coins to achieve financial freedom wouldn't open a paid group. No more to say; saying too much would offend people.
Moreover, truly useful information is often free. For instance, regarding hoarding coins, many people, including myself, have been telling everyone for free for three years. It's just that many people don't believe that such good things could be so easy.
Finally, after uninstalling all software, selling coins becomes very difficult. Because you need to redownload and test the new version of the software before you can send coins, and it takes at least half a day to get it done. Just thinking about how complicated it is usually makes you give up.
Uninstalling everything is a benchmark for the advanced stage of hoarding Bitcoin because hoarding Bitcoin only requires a private key, and you don't even need a wallet; you certainly don't need anything else.
I know many readers haven't followed the content I've written. They ask many questions, but I won't respond. Because if you have hoarded Bitcoin, you wouldn't ask such questions. And if you haven't done anything, I have no intention of persuading you to hoard Bitcoin.
In fact, I even recommend that after reaching the advanced standard (unloading everything), you unfollow me as well. Even if you don't unfollow me, once I finish writing (Hoarding Bitcoin), I will hardly post on Weibo anymore. Let's meet again in four years.
Additionally, uninstalling everything related to hoarding coins requires a minimal investment. Only when you invest a small amount can you possibly unload all your attention; otherwise, you simply can't.
Thus, let's systematically sort out the issue of hoarding coins with thirty percent of funds:
Bitcoin is still an experiment, and the risks are high. Rational decision-making does not support investing excessively.
To maintain a prosperous mindset, you cannot invest excessively; otherwise, a poverty mindset leads to lower IQ, which is not conducive to long-term hoarding of coins.
To achieve complete uninstallation, do not invest excessively.
Next, we really have nothing to do, but learning should not stop. If you want to continue understanding Bitcoin deeply, there are some content areas you can study, which I recommend.
Critical thinking: This is both a mindset and a skill. Thinking that free things are worthless is due to a lack of discernment regarding information. Whether free or paid, we should have our own judgment criteria regarding the quality of information.
Economic principles: Don't just read Austrian economics or one-sided opinions. Read introductions to economics, macroeconomics, and microeconomics, focusing on understanding monetary systems, inflation, savings, investment, and finance, among other aspects.
Cryptographic principles: Focus on understanding probability theory, Shannon theory, public key cryptography, elliptic curves, hash functions, digital signatures, and pseudo-random number generation, among other aspects.
Psychology: Focus on understanding the mutual influence of cognitive processes, emotions, stress, health, behavior, and attitudes, among other aspects.
I hope everyone can forget Bitcoin and learn these contents from a broader perspective. Additionally, learning after hoarding coins can be very relaxed, because you read and study not to make a living, but purely to enrich yourself. After all, you have Bitcoin as a backup; the likelihood of not lacking money in the future is high.
Additionally, please make sure to maintain your integrity and take care of your body.
Capital can allocate resources and amplify our dreams. However, capital in different hands contributes differently to society. This is related not only to the knowledge of the person holding the capital but also to their integrity.
Since everyone might not lack money in the future, please start maintaining your integrity now. Don't lie, and don't do things that harm others. Instead, think more about benefiting others. Once integrity is lost, no amount of money can buy it back.
Taking care of your body is not easy. Many people know the benefits of fitness, but knowing doesn't equate to doing. Just like many people know the benefits of hoarding coins, they also know but can't act on it.
Finally, I want to talk about the issue of values.
What are values? Simply put, they are personal preferences.
For example, a certain place plans to build a factory. The advantage is boosting the local economy, while the disadvantage is consuming resources and energy.
Based on the same facts, some people support building factories while others oppose it. Why? Because the former believes boosting the economy is more important and can sacrifice some resources and energy, while the latter believes protecting the environment is more important and economic development can be slowed down. The essence of the disagreement comes from differences in values.
Values themselves do not have right or wrong, just like everyone has their own preferences for different vegetables. You can't say that people who like carrots are wrong. Hence, the above questions, along with all similar questions, often lead to endless debates.
Similarly, almost all questions about Bitcoin may ultimately relate to values. For example:
PoW maintains the value network of Bitcoin but consumes a massive amount of energy. Is it worth it? If you think it's worth it, then it is; if you think it's not worth it, then it's not.
Bitcoin achieves the freedom of personal property, but the inability to regulate decentralization and lack of endorsement leads to chaos. Is it worth it? If you think it's worth it, then it is; if you think it's not worth it, then it's not.
To ensure decentralization and security, Bitcoin sacrifices some transaction speed and capacity of the main chain. Is it worth it? If you think it's worth it, then it is; if you think it's not worth it, then it's not.
There are many similar questions, and my answer to the above questions is - very worthwhile. I stand by my values and respect others' values, so I won't argue with others about the above questions.
My values align with Bitcoin's values. If yours do too, then trust me, Bitcoin belongs to you, and you will definitely be able to hoard Bitcoin.
The advanced stage has completely ended. Now, you already know the source of Bitcoin's value, when to buy Bitcoin, understand rational decision-making, and live according to a coin-based mindset. You did it!
Having coins in hand, but no coins in heart.
