A Bitcoiner's Confession: Why I Still Insist on Playing Bitcoin

The cryptocurrency market is in chaos, with a mix of good and bad people. Some people quietly make a fortune, while others make a big fuss by crowdfunding bitcoins. Some people make money and earn coins, while others lose money and lose face. Overall, the market is not very sound, but it is very down-to-earth. Every time the price goes up or down, there will be countless people chattering, discussing the national economy, people's livelihood and the general situation of the world. From time to time, there will be pyramid schemes jumping out to stir up trouble, which is really lively.

However, in this market, the majority are still the leeks, and there is not much protection for investing money in Bitcoin platforms, and they may run away with the money. If you deposit some coins, there will be "hackers" coming to bother you from time to time (hackers are also very upset, because they are clearly stealing from the company but they always make me take the blame), so you can only buy and sell.

Whenever Yike talks about Bitcoin with people around him who are not familiar with Bitcoin, he will be called an idiot and accused of being a pyramid schemer. However, Yike still sticks to the Bitcoin circle and writes articles from time to time to promote Bitcoin. Yike still believes that everyone should get in touch with Bitcoin. Why does Yike still make such calls when the Bitcoin circle is so chaotic?

Next, let me briefly talk about the benefits of playing Bitcoin.

1. Wealth Diversification

Bitcoin can increase your wealth. Bitcoin can increase your wealth. Bitcoin can increase your wealth. (Important things should be said three times)

Many people might be angry immediately: Many people have lost a lot of money because of cryptocurrency speculation, how dare you say such a thing? Take him out and give him a 50-point beating!

I am certainly not talking nonsense here, because Bitcoin can definitely become an option for diversification in your life.

Everyone needs to clarify some concepts. Why do those who buy coins lose money? A large part of the reason is because of speculation, thinking that Bitcoin can be sold high and bought low like stocks to get excess profits. However, due to the special properties of Bitcoin (T+0 and no handling fees), the Bitcoin market will naturally become a holy place for cutting leeks. Think about it, there are so many people who are rich, idle and smart, so why can you make money? No matter what it is, as long as it is stained with the word "speculation", it will not end well in the end.

But if Bitcoin is used as an asset allocation, it is different. The number of Bitcoins is fixed, and the value is gradually being recognized by people. Excluding short-term speculation, the investment value of Bitcoin is gradually emerging in the long run. There is no doubt that Bitcoin has now become a financial product. As long as it is a financial product, it will inevitably have cyclical characteristics. Looking back at the value curve of Bitcoin, we can see that it is like this. If we look at any other financial product, we will find obvious ups and downs. Although Bitcoin is still at a low point, it represents the direction of advanced currency development, embodies the excellent concept of decentralization, and the network attribute of rapid wealth transfer. Moreover, under the condition of continuous over-issuance of legal currency assets, Bitcoin undoubtedly has a forward trend. There is a common saying in the circle:

1BTC=1BTC

This sentence may seem simple, but it actually contains a deeper meaning. We should always remember that scarce assets may be sought after by capital at any time.

From the historical experience of the past few years, Bitcoin can resist the bear market during a certain period of time when stocks are falling. It is also possible to generate income due to the tense international situation pushing up safe-haven assets. It is more likely to soar due to some unexpected situations. Therefore, it is fully capable of occupying a place in asset allocation.

Although Yike is optimistic about Bitcoin, the "wealth diversification allocation" proposed here in combination with Bitcoin is by no means a simple "all-in". I mean that everyone should invest in Bitcoin reasonably to increase their wealth. As a very risky asset, Bitcoin should only account for a small part of your investment. You should own real estate (such as houses, preferably houses in Beijing or Shanghai), liquid assets (a certain amount of legal currency cash), high-quality stocks with good trends (such as some US stocks or some stocks that can pay dividends for a long time), or gold (some collectible gold bars), and finally some Bitcoin.

Ensuring these diversified allocations is extremely beneficial to everyone's wealth appreciation. What any mature investor pursues is not necessarily a "super-bright target" that doubles in a short period of time, but a stable allocation that can ensure wealth against risks. Moreover, these allocations should be constantly adjusted as the situation changes.

Let me add that if you really think that it is troublesome to have so many diversified configurations, then if you insist on investing in Bitcoin regularly, you will definitely be surprised.

2. Improve IQ

Playing with Bitcoin really improves your IQ. What gold took 4,000 years to accomplish, Bitcoin has accomplished in just four years. This condenses people's yearning for wealth, pursuit of technology, and exposes many of the deepest aspects of true human nature.

As an emerging technology product, Bitcoin is not just a casual talk. When I first came into contact with Bitcoin in 2013, I was shocked and had no idea about this new technology concept. I quickly searched Baidu and Wikipedia to start with understanding the concept. Then I bought "Bitcoin, an illusory and real financial world" published by Babbitt to learn the operating principles of Bitcoin. Then I registered accounts on Bitcoin China and Huobi.com to experience how to buy Bitcoin. Then I registered for blockchain and used the purchased coins to transfer around to experience what it felt like to have "six confirmations"...

Yike is actually a stupid person, but because he realizes that he is stupid, he works hard to learn new knowledge and skills. At the beginning, the feeling of sweaty palms and tight forehead when he first bought Bitcoin was really a rare opportunity in life, but as time went by, with the skyrocketing and plummeting of the currency price, he realized more economic knowledge. Because he likes to read books and browse information, he gradually learns new terms that he doesn’t understand. It can be said that Bitcoin, as Yike’s economic enlightenment mentor, has opened a new window for me to understand the world. Although the investment in Bitcoin started at 8,000, of course, from this perspective, Yike acted as a high-level buyer and became a "stupid fool", but from another perspective, the relevant knowledge and lessons learned by Yike, how can this little money buy it?

Then I realized the stench and ugliness of the world. The chaos in the cryptocurrency circle is beyond imagination. A well-known person in the circle once said: In the two years in the cryptocurrency circle, I have seen more scammers than some people have seen in their entire lives. Pyramid schemes can produce hundreds of coins a month; second-hand tokens are often crowdfunded; if you save money for financial management, they may run away one day; after finally making money from cryptocurrency trading, the trading platform will not allow withdrawals...

To use Fan Wei's words: It's really hard to guard against! Moreover, the scammers are also arrogant and domineering. They really wait for people to say thank you after buying the money, and then turn around and call you idiots after hearing the thank you. In the cryptocurrency circle, you will definitely be taught how to be a new person in minutes.

Having avoided the sharp rise and fall, seen so many pitfalls, and seen through so many tricks of scammers, if one cannot improve his IQ, then this person is really hopeless. I have been in the cryptocurrency circle for a long time, and I have benefited a lot. With the knowledge I gained in the cryptocurrency circle, I have successfully made tens of thousands of yuan in the stock market and returned with a profit. At the same time, because I often summarize my experience and write a lot of articles, I have earned some small Bitcoin royalties.

Take a walk in the cryptocurrency world. You can lose money, but can you still become stupid? Awaken and evolve. The experience here is worth savoring for everyone.

3. Meet a bunch of friends who love truth and knowledge, and listen to wonderful stories

Buffett gave two suggestions to young people: first, get close to successful people and let their ideas influence you; second, go out and learn, and let the wonderful world influence you.

There are many scammers in the cryptocurrency circle, but there are also many smart people. They stand at the forefront of the times, using Bitcoin as a tool to start businesses or write books to realize their own life values. In the process of soaring cryptocurrency prices, they have successfully achieved a counterattack; or are still on the road to counterattack.

This circle is small and concentrated, so you can sit down and discuss the development of Bitcoin with multi-millionaire bosses from time to time, you can also casually talk about exchange codes with serious and pragmatic programmers, and you can also curse pyramid scheme scammers with grandpas and aunts... and so on.

You will find that these people who are at the forefront are good at propaganda, lies, and can program, write copy, do accounting, and invest.

Moreover, many of them have knowledge, ideals, morals, pursuits, and money.

Of course, there are also some people who are more stubborn and one-track-minded. They stick to their principles and will fight to the death when they get the chance.

Finally, there are still many people who criticize traditional Chinese medicine...

These people have had countless wonderful and interesting stories in and outside the cryptocurrency circle. Those stories are full of flesh and blood, laughter and tears, sadness and pain, as well as joy and madness. There is a saying that goes: People always tend to express themselves, and expression has a wonderful tension.

Listening to these people's stories is also what I find most interesting. Those stories are like long, mellow wine, floating in people's hearts. After three or two cups, people will feel intoxicated. Then you will also share their sorrow or joy, and experience the ups and downs of life.

Moreover, the exchange of information brings about the collision of ideas. The ideas in the Internet field spread to real life, bringing all kinds of benefits. For example, I saw that Hao Bitcoin posted a recruitment notice on Lagou.com, so I recommended it to my friend to download the app. As a result, the other party actually found a dream job because of this small action. This is really a coincidence.

Well, in the end, I still want to remind you that playing with Bitcoin is risky, and you need to be cautious and do it within your means. But on the other hand, most people are afraid to change their thinking or current state because of the fear of risks. In fact, the risk of not changing is exactly the same as the risk of changing.

Anyway, Yike will continue to observe the Bitcoin circle.

Author: ☆☆EVA☆☆ (Lonely Stranger)
BTC: 1MphxevQMMPn47CheGkGbukmj3BVV4UmmD
LTC: LVNmspRqmcaWzfvnDCTMWH2SLqL2YPZo3y
Dogecoin: DFMxCZBTZEiL1Z8qEe2nFBxFPCYvhjabMZ
Source: Babbitt Information