First, let me share my understanding of BTC: BTC is the most worthy asset to hold long-term in today’s world, bar none. Here are the reasons why:

1. BTC is like a mirror for fiat currency. Since the collapse of the Bretton Woods system and the decoupling of fiat currency from gold, fiat currency has been on the path of infinite overproduction. The elite use the power of currency issuance to exploit the labor of the middle and lower classes, and this is true in every country. In contrast, the total supply of BTC remains constant, fiat currency will only depreciate, while BTC will appreciate.

2. Continuing from point 1, BTC has grown over more than a decade amidst countless scams and cries of zero. Its price is continuously rising, demand is increasing, and with the involvement of nations and institutions, the level of consensus is strong enough. I can responsibly say that the possibility of BTC going to zero is now zero; the crypto space will not vanish.

3. Since its inception, BTC has never trapped anyone. Every peak in a bull market has been a new high, and as long as you hold long enough, you will reap substantial rewards.

Let’s talk about the mindset of coin holders. I’ve noticed the following characteristics among retail investors on Xiaohongshu:

1: Most people panic during corrections and FOMO at new highs.

2: Holding a basket of altcoins while looking down on BTC.

3. Watching news while trading in the crypto space, big whales are transferring BTC to exchanges, ETFs are flowing out, BTC is being strategically reserved, etc.

4. Trading contracts, I don’t look down on spot long-term investments.

All four points above must be avoided to have a chance to make money in the crypto space. In fact, making money in crypto is quite easy; the important factor is your mindset. The correct approach is as follows.

1: Continuously DCA buy at relatively low levels, and after about four years, continuously DCA sell at relatively high levels, without making any intermediate trades or contracts. Invest spare money, and if you use leverage to invest, you won’t be able to withstand huge fluctuations, leading to wrong decisions. I lost up to 400,000 in a day (forgot to take a screenshot), but it didn’t affect my mindset; I continued to do what I had to do. Even if the price rises, I wouldn’t act; I just use what seems like the dumbest investment strategy: hold on.

2. Don’t panic or FOMO based on news. The news is intentionally shown to you by institutions and manipulators. Do you think they will kindly let you know when to sell at high positions and to buy more at low positions? The crypto space is not a charity; they aim to profit from our money.

3. Your BTC position must be sufficient. Regardless of whether you have $1,000, $10,000, or $500,000, at least 50% should be allocated to BTC. For larger amounts, you should allocate even more to BTC (I personally have a smaller amount but conservatively allocate 70% to BTC, 15% to Ethereum, and 15% to altcoins). Don’t underestimate Bitcoin; it has the strongest consensus and the most stable price. Altcoins may rise sharply in the short term, but they can also fall sharply, making it hard to hold a large position.

In conclusion, everyone can allocate a portion of their assets to cryptocurrency. This is our only way to fight against the ever-expanding prices. You don’t need technical skills to participate in the crypto space, just the right mindset. Big Wall Street tycoons like Michael Saylor hold their assets without selling; why would you sell? Do you think your investment skills are better than theirs? Making money is very simple; just do one thing well: hold on, hold on, hold on!