Can you get rich simply by hoarding coins, and can you achieve financial freedom? This is a question many people have.
The answer is actually very simple, that is - yes.
But many people have misunderstood the really important point, which is: Can you hoard the coins?
In fact, this problem is not just one problem, but three problems.
1. Do you really understand what "hoarding coins" means?
There are two most difficult hurdles in hoarding coins: money and loneliness.
Needless to say, if the money you hoard is important to you, I advise you to give it up as soon as possible, because you can't even pass the first level. Because if you watch the price rise and fall every day and get scared, believe me, you will completely collapse at a certain moment one day, sell your Bitcoin and say goodbye to your hoarding career.
This moment may be an extremely crazy surge, an extremely scary plunge, or a continuous dark sideways trend.
When you have the thought “Can I make more coins by trading in waves?”, half of the wall of your ideal of hoarding coins has collapsed.
And if this money has little impact on you at present, you have successfully passed the first level. The second level is: what if the price of the currency rises to have a big impact on you?
What if this money can buy you a nice car that you have always dreamed of, move your family to a better house, and provide a better education environment for your children? It is difficult to choose.
Apart from money, perhaps loneliness is more important.
I believe everyone has felt how lonely and misunderstood hoarding coins is, especially when your former hoarders are cursing and leaving the cryptocurrency circle, when you can’t see any good things about Bitcoin in the media, and when your closest relatives are advising you to invest in something else.
2. What is your purpose of hoarding coins?
When you insist on doing something, spending time, energy, money and other costs to do it, and have to suppress your impulses at all times, then you need to set very high goals to be able to persevere.
So what is your goal in hoarding Bitcoin?
If this goal does not contain some idealism, but is simply a material need, it may be difficult to persist until that distant future.
Those who can persist are those who firmly believe that they can change the world. If you don’t believe it can change the world, it’s OK if you firmly believe that it will rise to the price you want.
As long as you have any doubts about your purpose, your career of hoarding coins will soon be over.
3. What is the basis for your hoarding of coins?
Hoarding coins requires a certain material basis, which is also easy to understand. For example, the first level in the first question requires that the money hoarded should not have any impact on your life. The second level is when the price of Bitcoin rises to a level that can change your life, how do you make a choice?
The better your material foundation is, the later your second hurdle will come. This is why the rich can hold on to a hundred, a thousand, or even ten thousand bitcoins. The influence of "money" on people has a diminishing marginal effect.
Simply put, when you are worth tens of millions and own multiple properties, a bitcoin rising to one million will be an "irresistible temptation" for you. But if you are an ordinary working class person who lacks everything, it would be hard for you to resist a bitcoin rising to 100,000.
Therefore, it is very difficult to rely on Bitcoin for financial freedom. People who can hold on to Bitcoin from 100 yuan to 1 million yuan must have strong self-control. Such people will succeed even if they don't need Bitcoin.
