The world is bustling with people, all for profit; the world is moving, all for profit! Hello everyone, I am your friend Dian Wei Talking about Coins, focusing on digital currency market analysis, striving to deliver the most valuable currency market information to the majority of coin friends, welcome the attention and likes of the majority of coin friends, and refuse any analysis of what kind of people are really making money in the currency circle? Any market smoke bombs!
Analyze what kind of people are really making money in the cryptocurrency world?
We all come to the cryptocurrency world to invest in digital currencies to make money, and most people want to make money respectably. The money-making methods of cheating, scything, and wielding sickles are not within the scope of today's discussion. We are discussing people who make a lot of money by buying coins.
From my observation, there are roughly two categories. If I am biased, please add to it and correct me.
1. Rely on cultivation
2. Rely on discipline
1. Rely on cultivation. In my opinion, a person with cultivation should have the following qualities:
See the truth
Have faith
Take responsibility for yourself
1. First, let’s talk about seeing the truth clearly
In fact, this is quite difficult. I have said before that we grew up in a uniform education model, and the awakening of independent thinking was delayed for a long time. The exploration of the truth comes from independent thinking. Most people just listen to the media and follow public opinion, like duckweed, drifting with the wind. If someone you trust happens to lead you astray, you will have to stay in lies and mistakes for a longer time. How many people have seen the truth about Bitcoin? Is it the technology that is really awesome, or the economics behind it? I strongly recommend everyone to watch the CCTV documentary "The Mystery of the Depreciation of the US Dollar".
Here are a few truths worth noting: 1. After the establishment of the Bretton Woods monetary system, the US dollar was linked to gold, establishing the world currency status of the US dollar. On August 15, 1971, Nixon announced the implementation of the "New Economic Policy", decoupling the US dollar from gold, and the United States no longer exchanged gold with any country. From then on, the currencies of various countries became non-redeemable paper money. Only relying on government endorsement. From then on, the United States can print money at will and buy things all over the world. Long-term trade deficit. The US dollar reserves of various countries are taken out to buy US Treasury bonds and lend them to the United States. Others who buy US Treasury bonds include pension accounts and even individuals. The United States can continue to issue Treasury bonds as collateral to the Federal Reserve to print money, use new loans to repay old debts and meet government expenses, and borrow more money each time to repay debts. In this cycle, the US government will never pay off its debt to the Federal Reserve. Therefore, investing in US Treasury bonds is a Ponzi scheme. Countries around the world slowly invest their hard-earned wealth in this unprecedented Ponzi scheme. Countries are paying for the consequences of the United States' unlimited money printing and are collectively trapped in a vortex. Printing money leads to further inflation. The excess money is not supported by economic development, but is directly printed. If countries stop buying U.S. Treasury bonds, the U.S. financial system will collapse. And the debts the U.S. previously owed to various countries will also be unable to be repaid. It is simply a black hole. But the people have not seen the truth. What they want is to improve social welfare and medical benefits, which requires an increase in government spending. Then the government can only continue to issue Treasury bonds and print money. This is a vicious cycle. The people cannot understand that monetary policy and the financial system are the initiators. I believe that the U.S. government is also very clear in its mind, but who would be willing to let this collapse happen during its term of office? Then it can only continue, using a delaying tactic, even if it is self-deception, until one day it can no longer be covered with paper.
2. This is the failure of a nearly half-century-long experiment in non-redeemable paper money, and the pain it brought. People seem to have forgotten that it was the decoupling of the dollar from gold that caused all this. Of course, it is not limited to the United States. The financial crisis in 2008 may just be a prelude to the collapse of the Ponzi scheme.
3. Buy Bitcoin or buy gold? Think about it carefully. If the monetary and financial system collapses one day and everything has to be torn down and rebuilt, what kind of monetary system will be the most reference? It is unknown. You can't buy things with gold bars. Of course, according to the current payment speed of Bitcoin, it is unlikely to buy by paying BTC, but supporting technologies may help Bitcoin achieve this, such as lightning. Everything is left to the future.
2. Have faith
Having faith is based on seeing the truth. The faith mentioned here is not a religious or superstitious faith. Of course, the target does not necessarily refer only to Bitcoin, just like many people in the currency circle believe that public chains and cross-chains are the future of blockchain. Everyone can have their own beliefs based on their own vision. Only faith can make people hold a worthy currency for a long time. Some people say that the last bull market has completely brought Bitcoin into the mainstream vision, and the task of the next bull market is to bring some of them into the market. In this way, only those who have faith and hold the currency are qualified to enjoy a bigger bull market. Recommend an article by an old leek: Why I didn't make a fortune on Bitcoin. The point of the article is that even if you enter the market early, you have low costs, you understand technology, and even if you are the code contributor yourself, you may not be able to hold it and may not be able to make money from Bitcoin. What kind of people have made money?
Those with faith: For example, Mr. Li, he knows that this thing is not something that can be achieved overnight, so he is patient and makes friends with time, and makes money from other things. He buys coins with the money he makes. For example, Jiushen, he is really the most stubborn Bitcoin hoarder I have ever seen. He has also been making money in other fields, and he likes to hoard coins when he makes money. For example, some entrepreneurs, buying Bitcoin is just a configuration, like Ding Lei. People who are not short of money and believe in this thing, even if it is just an experiment. In the end, it was found that those who have faith and do not rely on it to make money and live, made a lot of money. So we say that investing idle money means being able to hold it.
3. Take responsibility for yourself
I won't say much about this. The first thing a qualified investor should do is to be responsible for his or her investment. Pay for your own decision. If you lose money, you will blame others and become a giant baby. You will never make money. In a free market, no one will hold a knife to your neck to make you buy coins. Don't fantasize beforehand, and don't complain afterwards. There is no regret medicine in the world, and the investment market has been like this since ancient times!
2. Rely on discipline
After all, there are only a few people who can cultivate, and even cultivation takes time. Sometimes opportunities don't wait for anyone, what should I do?
Then we can only rely on discipline. Of course, the premise of discipline is that we must have a high level of awareness. Otherwise, we will be thrown out in a minute. If we don’t have enough cultivation, discipline will help.
We often say:
Make friends with bubbles. Where there are bubbles, there are opportunities to get rich.
Make friends with time. Investment should be cyclical. In a bear market, you sow seeds, and in a bull market, you reap the harvest. In between is patience. Make friends with time.
Make friends with boredom. Fixed investment is not fun or exciting. But it can guarantee basic returns. You should know that most people lose money.
As long as you agree with the above three sentences, you can abide by the discipline. The most difficult thing about abiding by the discipline is to see that other people's coins have risen, while your own coins have not moved, and even fallen. Seeing others cheering and jumping for joy, switching to different stages, you are alone guarding the flower. If you really want to play, take out 10% of your spare money to play with buying emotions and selling facts. Write down the reasons for your operation and the plan for profit and loss, just as a practice. There is nothing wrong with it. As long as you don't hurt your bones, you can keep it in mind. Therefore, make friends with time. In the short term, you will see others being proud, and in the long term, others will see you laughing to the end.
