The methods discussed today apply to both the cryptocurrency world and real life. Many people teach you how to make money and tell you what to do. For example, businesspeople will say to be honest and altruistic; officials will tell you to work diligently and serve the people to achieve their current success. They use their own success as examples, but if you simply follow their lead, you will definitely not make money. They actually commit the error of reversing cause and effect—taking results as causes. Those seemingly correct practices that everyone agrees on are actually just outcomes, not the reasons for success.
For example: If everyone in the market is selling genuine goods and running an honest business, to get rich, you would need to sell counterfeit goods. If everyone is selling counterfeits, you would need to sell only genuine goods to make money. In business, this is called "differentiation." If you are pursuing someone and your competitors are being sincere, if you also follow suit, you definitely won't succeed. At that point, you need to rely on boasting and creating value out of thin air, which will greatly increase your chances of success. If all your competitors are boasting, then you need to be extremely sincere to improve your odds.
"Knowing yourself and knowing your enemy" actually means being different from others. In the cryptocurrency world, when everyone else is not taking advantage of arbitrage, you should go all in; that's how you get rich. When everyone looks down on certain coins, if you aggressively invest, the opportunity will come. But if everyone is rushing towards a particular meme coin or engaging in contracts, and you join in, you will definitely end up losing.
The key to making money by holding Bitcoin is that most people will not hold, but you persist in holding. Moreover, if others hold for 4 years, and you hold for 10 years or more, you will make money. Conversely, if most people are holding, then you should not follow them; they will push the price of BTC to astronomical levels, at which point you need to trade to have a chance to make money. Because in the matter of holding coins, there are too many people who are more patient and have more funds than you do; you have no advantage.
Some people teach you to invest regularly in index funds and rely on compound interest to get rich, or to buy some insurance to have a pension. These ordinary, mature methods are quite good in a market where most people are playing; if you don’t lose money, that’s already impressive. Making money is rare, and making big money is almost impossible. Getting rich through compound interest? Don’t dream about it.
Truly making big money is not about altruism or relying on character and sincerity. Reality is this cold.
I am Xiao Ao, a professional analyst and educator, your guide and friend on your investment journey! As an analyst, the most fundamental thing is to help everyone make money. I will help you solve confusion and trapped positions, speaking with strength. When you are lost and don’t know what to do, pay attention to Xiao Ao, and I will point you in the right direction.
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