Persisting in fitness for day 76, quitting gambling for day 1, and investing in Bitcoin for day 9

This article is sponsored by #BCGAME｜@bcgame

I went to the gym late today, and there was no one there, it was very quiet.

During the process, I was thinking about Paris brother, Buffett, and myself.

I have been looking at Paris brother's tweets lately, telling about his 14 million loss leading to debt.

However, he still has a villa that can be mortgaged.

I initially went from 12 million to over 200,000 in debt, and I didn't acquire any assets.

I realized that our problems are the same.

It's a desire to make money with money, to earn freedom, enough to get by.

Once you have this psychological burden, it's easy to lose everything.

Gambler's mentality.

Buffett once said, one only needs to be rich once.

I now understand the deeper meaning of this statement.

The purpose of being rich once is to break free from a life of toil, and then to compound wealth.

It is not to gamble everything you have on a risky bet.

Because once you lose, it’s incredibly difficult to start over.

Last time I lost 12 million, and I still haven't returned to that high point earned through luck.

Rationally and objectively speaking, I had vision and perspective to grow from 50,000 to 12 million.

But it was minuscule, more than 90% was luck.

And luck is very rare. Our lives are not that long, and good times don't last long either.

You might not wait for the next peak of the average.

The pain of going to zero is immense.

Why I have aged so much these past few years is because I have spent every moment in torment and regret.

The pain of losing something once had is far greater than never having it at all.

So I always advise everyone to have a relatively stable income.

With this stable income, there won't be such a strong desire to make enough.

You might not lose everything.

Why 0xsun and Dayu can make over a hundred million this time.

Of course, it's because they have strength and can grasp trends well.

But actually, it is inseparable from their paid group and other income.

They can be more composed because they have stable income.

If it’s purely gambling, and you don’t know when to stop.

Losing everything is a certainty.