$ETH During the New Year, I returned to the village and met Old Wu's father on the road. He stopped me and talked for dozens of minutes.
Old Wu's father is about 60 years old. He was one of the first in our village to buy a house in the county, but he was eventually cheated out of all his money and sold his house. Then he relied on his own labor to make a comeback, buying a house and a car for Old Wu. He is unique in our village.
He is a very knowledgeable and thoughtful farmer.
He said that he worked hard to earn money, stepping on the muddy ground of the sea, but this money was defrauded by someone who tricked him into investing in coal mines, losing about 2 million. Every year during the New Year, he was pressured by creditors, insulted, and quarreled with some even resorting to violence. This humiliating life is something only he knows. It took him 30 years to accumulate assets, but it was stolen in 3 years, and he spent 13 years paying off debts again.
I said, 'You are really impressive; many people can't do this. Traversing three villages, there’s no one like you. Most people in the village indeed rely on you.'
He said, 'I didn’t want to talk about this, but seeing you today, I wanted to share. I watched you grow up; I know how hard your childhood was. Your father is now following my old path, lending money to others and getting cheated out of a lot of money.'
I said, I know everything. You're right; he is greedy for others' interests and believes their sweet talk. He spends nothing himself and has no choice. Those who want to spend others' money will ultimately have their money taken away.
He said, 'You have experience and have seen a lot outside. You know you should advise your dad more. If he has no money, no one will care about him. Don’t be fooled by how polite they seem. When I was in trouble, who would care about me? All that came to my door were creditors.'
I turned to Old Wu and asked if he was still investing regularly. Old Wu said, 'Life's circumstances forced me; I’m no longer investing regularly.' I also believe in Bitcoin, but I really don't have money. Old Wu's father said, 'Bitcoin is good; I recognize it; it’s global. But this money is not something our family can earn.' I asked why, and he replied, 'I’ve shown him; I told him never to think about getting rich. Having a BMW, a good house, a wife, and children is enough for him. He is suited for working to earn money and living a stable life. We can’t make money in finance. What is finance? Finance is legal fraud, a way for the top-notch, balding Americans to earn ordinary people's money. We can’t earn from that.'
I said, 'Not being greedy for money you don't understand is a profound statement.'
He said, 'Now this society is full of deception. In the past, Lu Xun said it was a society where people eat each other, but now it’s a society where people deceive each other. Everything is about deception. They tell you to do something to make big money, to get rich, and every project is a scam. Big figures deceive small ones, and small figures deceive each other. Men deceive women, and women deceive men; it’s all about deception. Village heads deceive the people, and village heads deceive other village heads; anyway, everywhere is deception.'
I asked what he meant by this. He said, 'Look, e-commerce ads, like anti-hair loss, turning white rice into black rice, or how good this is for you, aren't they all scams? Buying stocks for profit or financial management, aren't those scams too? How many people actually make money? Aren't hospitals also scams? How many people go in, get treated, and come out having spent all their money, or even die? Yet people still willingly fall for these scams. Men pursuing women need sweet talk to fool them into finding a wife, right? If you say something realistic, women just won't like you.'
I said, 'Sir, you have great insights. With your wisdom, you can’t be easily fooled.' He said, 'I am a foolish person; luckily, I have God's protection to lead such a peaceful life. Ah Kai, you need to be careful; the outside world is full of deception.'
I said, 'Don't worry; I know what I can and can't do.' He said, 'That's good.'
He also said, 'Your father makes some money and sometimes donates to the church. That’s a good thing, but always talking about it is not good. When he says it, those without money feel morally guilty, seeing your father is uncomfortable, as if he ate your food. So every time your father talks about donations, saying he pays for the meal, I would rather not eat; I would rather go home to eat. I fear that one day he might say that all the money was his. I don’t want to owe anyone anything.'
I said, 'You also have principles; you really don't need to think this way; this is a small matter.' He said, 'One should stand tall and not let others say anything; anyway, I won’t eat it.'
I respect his decision. Old Wu's father is a person who is both flexible and principled, but in life, I think one should be adaptable and principled to achieve great randomness. The reason why Wei Xiaobao can blend in so well is due to accepting strong randomness.
I always believe that in life, one should be open-minded and tolerant. If you can talk about anything and see things positively, you will have various random opportunities.
If Old Wu's father is flexible and principled, then he is not just a knowledgeable and thoughtful farmer; he might be a shrewd businessman. He is also trapped in the current environment, which shapes his character and vision. In fact, most of his thoughts are still correct. He is the ceiling of our village.
He said doing things you are confident about is, in a nicer way, what we commonly refer to as a circle of competence. I have never seen a farmer with such thoughts.
I personally have a deep understanding of this statement. I've met many people who have told me this; it means you don't have the ability to handle this and that. It's enough to take care of your own little piece of land.
I have a female boss in my WeChat who runs a small company. She says saving 5 million in the future is not difficult, and 10 million is also hopeful. I asked her if she trades in Bitcoin. Unlike others who say Bitcoin is bad and misleading, she said, 'I can't earn this money, I don't understand it at all.' She said many people around her have made money in the crypto space, but she doesn’t get involved. Because she doesn’t understand it, it's beyond her capabilities, and she believes she can't earn from it. She only does what she understands, which is an extremely advanced level of awareness.
I hear people say they want to do this and that, but in the end, they definitely won't make money. People can't have too much energy to handle so many things; they must focus on what they are good at to have a chance to make money.
Focus on what you understand and can control, and then you can make money.
I have a deep understanding of this matter. For example, last year someone lost 500,000 USDT while arbitraging the funding rates of TRB and CYB. At that time, the funding rate was every two hours at 1.5%. You could earn 18% in a day. Some people took the risk, and the first few times they indeed profited, but later, while sleeping at night, the market was very volatile, and you couldn't control it; there was no program to guarantee closing or adjusting positions, and in the end, it blew up. For example, recently, during the Pepe 2 incident, the spot and contract prices suddenly varied by 30% from 8-9 o'clock. Because it wasn't a combined margin model, anyone who manually arbitraged at the end basically blew up. Using APIs also resulted in losses of hundreds to thousands of USDT. This is called unmanageable; without the right conditions, we just can't earn.
Many people think that buying a bunch of altcoins in the crypto space and waiting for a bull market will lead to wealth. They feel that when the bull market comes, they will get rich, but they don't understand the rules of the crypto space. Buying a bit of this and a bit of that, messing with contracts and making small waves, results in not making any money.
Now, look at the projects in the crypto space; there are many. You see everything being tried, wasting a lot of time, and actually not making much money. Earning 50 USDT here and 100 USDT there is not as good as focusing on just a few activities to earn tens of thousands. Anyway, this is how I think; either you are very focused and just earn, and those who truly earn don’t have time to chat in groups. They can only gather information and complete tasks. For example, my fisherman friend is extremely focused. I suggested he participate in the Bian and OK activities, but he said this is not within my understanding; I don’t know it, and I won’t do it. I said just leave it to stake, and he said he doesn't earn from that. He only makes money from buying coins and believes in making big money starting from 30 times; all other small amounts are abandoned. He doesn’t hold much Bitcoin or Ethereum, but his circle of competence is about dealing with new coins, holding them, and making highly asymmetrical investments. He relies on this one trick to outsmart countless others and earn profits. He has no other tricks but focuses on what he can control. Just buying large, unique coins and heavily investing is enough.
Focusing and being able to control is the key to success. This is my understanding.
I am a coin holder. Through arbitraging within the market, I increase my coins and make money outside the market to invest more capital back into the market, continuously multiplying my coins. I earn coins in a bear market and USDT in a bull market.
Generally, people like me can go from zero to a million in one cycle, and in two cycles, reach ten million.
My model is very stable; I don’t play contracts but only arbitrage and collect airdrops, which is suitable for anyone patient and likes to make money in web3.
I’ve finished writing, keep it up! I am Xiao Qi, a loyal supporter wishing you great wealth in the crypto space.
Continuously focus on BTC, ETH, and BNB.
Bulls have their strategies, and bears have their ways to play.
Xiao Qi won't lead fans to blow up their accounts, nor will he blindly open positions.
It's all about seeking victory with stability, advancing steadily; those who want to eat meat should follow Xiao Qi's lead!
