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In recent days, new investors have asked what they should invest in if they want to invest in digital currency under the current circumstances? I suggest that friends who are just entering the market and are willing to take out money that will not affect their lives to bet on the second half should invest in Bitcoin and Ethereum, which have the highest safety factor. Because in the current situation, although I still believe that the market will have a second half, we have to guard against extreme situations - that is, there will be no second half, and the market will continue to bearish for at least 4 years. In my opinion, the most reliable assets that can withstand such extreme situations are Bitcoin and Ethereum. If we measure Bitcoin and Ethereum by the peak of the last round, we can find that the current price of Bitcoin is twice the peak of the last bull market, while Ethereum is less than twice the peak of the last bull market; furthermore, I am increasingly convinced that the market value of Ethereum will exceed that of Bitcoin, not necessarily in this round but definitely at some point in time. Therefore, whether in the short term or in the long term, Ethereum has a slightly greater potential, so the allocation ratio of Ethereum can be higher than that of Bitcoin. However, friends who enter the market now should also be prepared mentally, and never think that now is the bottom, and entering the market now is to buy at the bottom, which means they are getting a big bargain. Because it is difficult to estimate how the short-term market will change, it may be a short-term bottom, but it may also fall, and it is more likely to linger at the current low for quite a while to slowly digest this major adjustment. So I suggest that friends who enter the market now should use the fixed investment method to buy, and don't shoot all the bullets at once. At all times, we must have firm confidence, but in specific operations, we must be extremely respectful of the market and control risks. I originally thought that this market crash would hit many of my friends, but after seeing the comments under a piece of news yesterday, I discovered that there are actually quite a few friends who have confidence in digital currency. The following are excerpts from comments on CCTV.com regarding recent regulatory analysis of Bitcoin. I have selected some to share with you: "In 2017, I listened to your comments and believed that Bitcoin was just a virtual speculation, so I decisively did not buy Bitcoin. Now I regret it deeply. This time, I have to get on board no matter what. I would rather lose my 100,000 yuan investment than just watch it go down the drain." “I would rather go back to zero than be stuck in A-shares for life” “Chinese people are selling their losses while foreigners are buying at the bottom, is this what you want? Bitcoin is a scam, how many times has it increased in ten years? What about your cancer? Do you feel ashamed that it is still 3,000 points after ten years? As long as you hold the spot and don’t jump back and forth, at least Bitcoin has not deceived anyone.” "You don't talk about systemic risks when the stock market has been at 3,000 points for thousands of years?" "Going to the stock market is not the same as being a leek" "The people's money should be in the hands of the people. Even if it blows up at any minute, I'm happy for you to take care of it." "For ordinary people like us who are not second-generation rich or second-generation officials, and do not have high IQ and EQ, cryptocurrency is currently the best way for ordinary people to leap up the social ladder. Others, like working for a lifetime and not being able to earn enough to buy a house, buying lottery tickets for a lifetime and not even winning five dollars, and starting a business not only has no capital but also a life-threatening situation." After reading these messages, I seemed to see countless friends behind the messages who are still gritting their teeth and persevering despite the current big drop, and I saw their cognition and persistence forced by reality. Of course, I want to clarify one thing: Friends who have read my series of articles on investment experience and earlier articles know that I also invest in A-shares, and I also like A-shares. For the specific way I invest in A-shares, you can refer to my series of articles on investment experience. So my views on A-shares are different from these comments, but the core of these comments is to illustrate one point, which is what I mentioned in yesterday's article: In traditional markets and traditional fields, it is almost impossible for us to achieve a turnaround, achieve class leap, or even financial freedom. So I hope that in the current situation, as ordinary investors, we can control the risks and persevere as much as possible without affecting our lives. I firmly believe that we will have unexpected gains in the end. |
