Is Bitcoin "Selling on the Rise"?

Yesterday, my circle of friends and various groups were full of news celebrating Bitcoin Pizza Festival. In the past two days, Bitcoin has hit a new all-time high of $110,000.

Against this backdrop, everyone excitedly celebrated the Bitcoin holiday: 15 years ago, a programmer bought two pizzas for 10,000 bitcoins.

Needless to say, the historical significance of this event is that it symbolically gives Bitcoin intrinsic value.

But then, especially in the last few years, every time everyone celebrates this holiday, there is more talk about what it would be like if the programmer had kept all (or some) of these bitcoins until today.

I opened the history of bitcoin on coingecko, and it recorded data from April 28, 2013, when the price of bitcoin was $135.

I felt that the price was still high at this point, so I tried TradingView again. The above is more detailed, and I found the first time Bitcoin reached $1, around February 1, 2011.

Why am I looking for the first time when Bitcoin reaches $1?

Because from $1 to $100,000, Bitcoin has achieved a 100,000-fold increase. If an ordinary person is fortunate enough to be able to get a 100,000-fold increase in an investment product in his lifetime, even if his initial investment is not large, this income is enough for him to achieve financial freedom and achieve a certain degree of class jump from an ordinary person.

Back in 2011, it shouldn't have been difficult for my generation to invest 100 yuan from their pocket money or salary, whether they were studying or working.

If the 100 yuan had been used to buy bitcoin at the beginning, it would have been worth 10 million yuan today. Even if this asset is in a first-tier city, as long as you don't pursue a luxurious life too much, you can actually live a relaxed life.

But the difficulty is that even if we really bought Bitcoin with the 100 yuan at that time, how many of us can keep it until today, without any toss in between? How many people have been able to completely shield Bitcoin from the ups and downs or even crashes that Bitcoin has experienced during this period?

To block out all these distractions, I think the core is actually two things:

One is the belief that its future is valuable.

The second is to completely abandon the thinking of doing bands.

For the vast majority of people who are still exploring the crypto ecosystem today, I estimate that the first point is relatively easy to some extent--- after soaking in this ecosystem for so many years, they can more or less establish a certain understanding of Bitcoin in their hearts.

And the second point is difficult, otherwise we wouldn't be able to help but want to pay attention to the market and see the currency price. In the process of doing swing bands, the easiest pit to fall into is that once it is sold, it is difficult to buy it back, so that you will eventually miss this Fortune Express completely.

Therefore, the long-term holding of bitcoin is a more critical test for investors.

Just in the past few days, I will brush up on Lin Yuan's videos from time to time. He often said in videos that he buys stocks for a long time and does not sell them. However, he sometimes speaks without rigor, but fortunately I watched more of his videos and was able to understand his words in context. What he said in the video about not selling means that he is optimistic about the stock for a long time and does not sell, rather than buying any stock and not selling.

Among Lin Yuan's past investment cases, Darentang is a more valuable case.

Lin Yuan bought Darentang to buy S shares listed in Singapore. Compared to A-shares, S-shares are cheaper and have more generous dividends. He bought the stock heavily in 2013. However, the stock price of Darentang's S shares was almost unchanged in the 10 years from 2012 to 2022.

In this case, if it were ordinary investors, they would have run out of patience and would have cleared the stock a long time ago. If you do this, you will miss the next surge of Darentang: in the three years from 2022 to 2025, Darentang has started a skyrocketing mode, and its stock price has skyrocketed 10 times in three years.

In the case of Darentang, it achieved a 10-fold increase in 13 years.

In the case of Bitcoin, it achieved a 100,000-fold increase, but it also took 14 years.

So what I'm trying to say is that for the average investor, if you really want to make epic wealth, you have to be friends with time, whether it's in the traditional investment space or investing in the crypto ecosystem.

Dreaming of getting rich overnight and obsessing over band operations are the biggest enemies for ordinary people to achieve wealth advancement.

Thinking about it this way, I am more and more inclined to hold Bitcoin and Ethereum for a long time in the future. Unless the market is extremely crazy, even if the market is good, I try not to carry out the so-called "high sales".