In 1999, if you had $500,000, how would you choose to invest?

Buying a house in Beijing is probably a step above several classes, and one can live a comfortable life. However, Jack Ma, who had 500,000 yuan at that time, chose to start a business. Today, Alibaba has grown from 500,000 yuan to 500 billion yuan. The former is RMB, while the latter is US dollars.

However, most of those who dared to start a business with 500,000 yuan at that time are now regretting, "Why didn't I choose to buy a house in Beijing?"

From 2008 to now, how many people have been sighing and lamenting, why didn't they buy Bitcoin at that time? It only cost a few thousand yuan at that time, and now they can achieve financial freedom!

Watching others catch up with opportunities and make a fortune; looking at yourself, your life is still ordinary. But believe me, even if the opportunity of Bitcoin is in front of you, you will still miss it.

Why? Because your risk preference will determine whether you will enter the game. If you are a risk-taker, you will make bolder decisions because of the returns. If you are risk-averse, you will only choose to reduce risks and accept low returns.

Some people are born adventurous and want to gamble whenever they have nothing to do! Some people are born conservative and think Bitcoin is a scam.

But risk appetite can only get you into the game. Whether you can really get rich overnight requires improving your cognition. So most people only see the skyrocketing price of Bitcoin, but forget:

In 2016, all 120,000 bitcoins from Bitfinex, the world's largest exchange, were stolen, causing many people to have thoughts of suicide.

In 2015, the price of Bitcoin plummeted by $200. Many Bitcoin players, investors, and enthusiasts cried while cooking instant noodles late at night.

In 2014, a guy on Tieba sold his house for 480,000 yuan to speculate in cryptocurrencies. He held on for 5 months and left the market with a loss of 180,000 yuan.

In 2013, Bitcoin skyrocketed, but it plummeted 40% due to a ban.

Persistence comes from cognition. A rise in value over and over again will make you happy, and a sharp drop over and over again will make you sad. Do you dare to say that you can really bear this 10,000-fold return?

There are so many opportunities like Bitcoin in our lifetime.

However, they always have various defects.

1. It always seems like a scam. Even the most expensive Moutai liquor is said to be unsold, but the price keeps rising.

2. It is obvious that someone is manipulating the market, and the price increase is inexplicable.

3. Obvious loophole: Bitcoin will be lost forever once the password is lost.

4. There are always more failures than successes.

......

Looking back at all opportunities, they all have these characteristics to some extent, and the same is true for scams.

There is a term in the field of economics: survivor bias. The premise of success is survival, and high returns are also accompanied by high risks.

The Bitcoin wealth myth has come to an end. If there is only one story left to judge fate and life, then we need to continue learning and improve our cognition. But in the same way, changing fate does not only rely on fate, but also requires grasping the progress of history.

Some believe because they see, and some see because they believe.

What we have before us now is a project that has taken three years to build and has raised $257 million in ICO funding. It is a project invested by top venture capital firms including Sequoia Capital, the Winklevoss Brothers, YC, Stanford University Foundation, Union Square Ventures and many other world-renowned institutions. It is an incentive layer that aims to change the existing transmission protocol and is the cornerstone of Web3.0.

Before the emergence of filecoin, IPFS had powerful advantages but no way to motivate others to join the network or store specific data. However, after the emergence of filecoin, the perfection of customer payment and miners receiving rewards in encrypted form has become the most critical part of the entire ecosystem.

The filecoin project is too important for IPFS, so every step of the project is carried out with caution , from the launch of the test network, the first test, the second test, and now filecoin is finally going to be launched on the main network.

It takes three years to sharpen a sword, but it is only three years after all, which is too long for a blockchain project. It is long enough for the market to lose confidence in the project, but friends who have paid attention recently have found that the hottest opportunity in 2020 is Filecoin, and the hottest popularity is also Filecoin. Filecoin is also the one that is most likely to change the evolution of blockchain 2.0 to 3.0.

1475 has been focusing on Filecoin for more than two years and celebrated its second birthday on June 6.

During the past two years of development, we have avoided many pitfalls, each of which could have resulted in the loss of our brand, technology and market advantages. Therefore, we took every step very carefully, and every step was like staggering on ice, and we dared not make the slightest mistake.

Remember when Filecoin was in development, there were only a few dozen miners and technology vendors in the world? But now, there are more than 500!

Among them, there are probably only about 20 companies that are truly doing things down to earth and have technology, operation and maintenance, and strength. The vast majority are just trying to fish in troubled waters and engage in marketing for the sake of popularity.

In just two years, 1475 has grown from an unknown company to become the industry leader. It has done so thanks to a group of people who really get things done, who are truly willing to realize their dreams, who don't mind working 996 or 007, and who improve their algorithms over and over again and perfect their software.

There is no end to making money and opportunities are always there, but dreams will never come back once you miss them.