What should we do when Bitcoin soars and plummets?

If we use one word to describe the year 2017, "sad" must be the word. In the past year, everyone was anxious.

The college entrance examination 20 years ago was a single-plank bridge, and it is still a single-plank bridge today, but the battlefield has expanded to junior high school, elementary school, kindergarten, and even before birth. Education is more like a scale to measure class, rather than a way to leap over the dragon gate. We worked hard to get into a prestigious school, but we still can't afford a house in a big city.

On the Internet, society is becoming more and more transparent, and we see more and more stories of wealth freedom, real estate speculation, stock speculation, and cryptocurrency speculation. When we blindly rush into the market with our hard-earned money, we find ourselves being harvested leeks. The upward ladder is narrowed, but the downward path is open.

Every era has its opportunities to make money. In the 1980s, we missed the opportunity to start a business, in the 1990s, we missed the stock market, in the 2000s, we missed the Internet boom, in the 2008s, we missed the housing prices, and in the 2010s, we missed Bitcoin. Time flies. In 2018, when artificial intelligence and blockchain are becoming the fourth industrial revolution to change human life, will you miss it?

As the famous host and investor Zhang Quanling said in a recent public speech, missing opportunities is not what we worry about most. What we worry about most is that "when the times abandon you, they won't even say goodbye to you."

When the blockchain wave rolled in in 2018, some people used a very simple idea to deny it: "This is a Ponzi scheme, this is a bunch of scammers." Another group of people believed that "We should look at new things positively, new things must have their rationality, and we should study them seriously."

Zhang Quanling believes that even if a bunch of rogues start to create all kinds of loopholes, bubbles, and even violate national laws, we must believe that this technology itself is subversive. If it creates a big bubble, it will force a group of more powerful people to enter and slowly fill the bubble. Maybe in this process, the bubble will collapse twice, but the blockchain technology will remain.

“Why do I believe in blockchain? Because many things in this world can be reshaped. The value network can be reshaped, and the trust relationship can be reshaped. As long as I believe in the underlying logic, this thing can happen.

This is the change in my mentality in the past two years. All new things are always in a mess when they come out, and all new things are in tatters when they come out. But as long as you believe that it has the power to subvert at the bottom, please accept it with an open mind first.

To sum it up in one sentence:

"The wheel of history is rolling, turning faster and faster. You have to cut off your arm to survive, or jump on it and see where it rolls to," said Zhang Quanling.

When new things come to you, it will be too late if you don’t learn them.

Bao Erye Guo Hongcai is one of those who has already boarded the train.

A few years ago, in order to learn how to sell beef through e-commerce channels, Bao Erye came to Beijing and met a group of friends in the Internet circle. He listened to them talk about the rise and fall of Bitcoin every day, and after being influenced by them, he completely switched to studying Bitcoin full-time. In 2014, Guo Hongcai built the world's largest Bitcoin mine in Inner Mongolia at that time. Now, Bao Erye is already a well-known angel investor in the cryptocurrency circle.

In the NetEase Technology Open Class, Bao Erye, who started out as a beef seller, explained in detail what blockchain is in easy-to-understand language, what impact will blockchain have on our lives and the world? How can we learn about blockchain? When others are "chasing the rise and falling" and scrambling to be the leeks, how can we be "greedy when others are panicking, and panic when others are greedy"?

When Bitcoin plummeted and fell below $8,000, many people were asking, what should I do? But Bao Erye believes that you should not think about how to operate when there are big ups and downs. No matter how you operate during big ups and downs, it will be wrong. If you buy today and sell the day after tomorrow, and sell today and buy the day after tomorrow, you will lose money no matter how you operate. So don't operate a lot during big fluctuations. Large-scale operations are always wrong.

While cryptocurrency players are watching the rise and fall of Bitcoin every day, Bao Erye advocates Buddhist cryptocurrency trading: "An old monk, when everyone is chasing the rise, when it hits the high point, when it keeps soaring, everyone wants to buy the coin, everyone wants to chase the rise, when everyone is chasing, the old monk sells the coin to everyone, because no one else is selling it to everyone, the old monk sells it to everyone. When the coin finally falls to shit, falls, falls, falls to shit, no one wants to buy the bottom, no one wants the coin, and they can't wait to sell all the coins now. When no one is willing to take over, the old monk comes out and buys the bottom of the coin. He buys all the coins. This is Buddhist cryptocurrency trading, saving all living beings when the price is low, and helping all living beings when the price is high."

What is the best time to enter the market? Bao Erye believes that it is "when everyone is panicking to the extreme." But before entering the market, you need to systematically learn about blockchain and not be a blind novice in investing. So what is the best time to learn? "The best time to plant a tree is ten years ago, and the second best time is now."