Author: Todd Source: X, @0x_Todd

First of all, congratulations on Bitcoin officially reaching 100,000 US dollars today. Let me tell you an interesting story.

In January 2018, I wrote an article about how to survive in a bear market.

It was indeed a big talk back then. The most core passage in it (which was severely ridiculed by a friend in the comment area), the original text is:

"One Bitcoin can reach 50,000 US dollars in the future, it is just a matter of time.

Now that we know that Bitcoin will rise to 5 Ten thousand US dollars, then all operations are aimed at increasing the number of Bitcoins. Where is the loss now? 》

Comment Brother Ou said: "The respondent slapped his butt and concluded that Bitcoin can reach 50,000 US dollars?"

Forgot to mention, Bitcoin was 11,000 that day US dollars.

It will be fun later——

This guy has a lot of backbone, and that comment sticks to it Not deleted;

But as Bitcoin breaks through 20,000, 30,000, 40,000...until now it breaks through 10,000,000 Every time the U.S. dollar reaches a round number, someone will come over to check in and tease him? This little comment is going to become a famous tourist spot.

As a generation native to the Internet, this tough-talking anecdote, coupled with the amazing performance of the Internet's magical currency, is naturally comfortable.

A famous picture, I think everyone has seen it.

Holding as you imagine (HODL)

Actually holding (HODL)

Many people even corrected that the second picture should be:

In fact HODL 2.0

Actually, this meme There is a third one that many people don’t know about. To be honest, throughout the years, this is the picture that touches me the most:

Actual HODL 3.0

Really? Is it really that easy to hold Bitcoin?

Then why are so many people not holding it?

If I were 18 years old, faced with this question, I might answer: Yes, holding Bitcoin is really simple, you only need to do one thing Thing: Deposit into a cold wallet.

But! ! In fact, this sentence is only half correct.

As I have been wandering in the industry for 7 years, I finally realized the second half of the truth.

Now, 24 years old, I will tell you that the truth is actually:

Take Storing Bitcoin is still very simple, but you actually need to do three things:

Deposit into a cold wallet

Replenish your faith regularly

Live well

The first thing is cold wallet, I believe it does not need to be explained.

The second thing is worth talking about.

In fact, I am really grateful to everyone who preaches about Bitcoin.

Faith will gradually weaken with time and experience. You need to replenish your faith every once in a while.

Otherwise, your Bitcoin will be lost to the market in countless large and small bands.

No one can establish a "iron ideological imprint" in the flesh. Even Michael Saylor, the boss of WeChat, actually secretly sold some bits for 16,000 yuan. currency, trying to be a special band for tax avoidance.

Moreover, the most terrifying thing about the encryption industry is that it can always push the ugliest part of the industry to the world.

You can see the liar, clown, and beggar appearing one after another;

You can always watch To the rise and collapse of scams and Ponzis.

As big as a VC bureau gathered by big guys

As small as a PVP issued by a group of friends< /p>

There are thorns along the way, and it is natural that you are disappointed with this industry

If you can still Stay passionate, to be honest I will doubt your sincerity

So, you should replenish your faith regularly.

Next is the time of faith.

The launch of this round of Bitcoin is not achieved overnight, but like a multi-stage rocket , one stick after another, linked together, taking off layer by layer.

Pre stage: The end of the three major scammers (SBF, SuZhu, DoKwon) + the severe cold of the Federal Reserve’s interest rate hikes, jointly welding the iron bottom of Bitcoin to 16,000 point.

Subsequently, Bitcoin went from the previous bottom of 16,000 to today’s 101,600.There are actually three major contributors:

First-stage rocket: 16,000-30,000. Thanks to Grayscale, it has been sucking in Bitcoin like a wild animal as always, and has obtained and SEC A crucial victory in the lawsuit.

Second stage rocket: 30000-60000, thanks to ETFs, especially BlackRock and Fidelity, two traditional institutions with their users and US stocks Hot money in the market poured into Bitcoin.

Third-stage rocket: 60000-100000. Thanks to the micro-strategy, it is actually very difficult to break through the key integer points, especially the intangible various technical indicators. There was pressure, but Wei Ce’s belief and determination allowed them to use the cash from bond issuance and stock sales to directly and forcefully eliminate the pressure and push Bitcoin into a vacuum zone.

Next, there is the fourth-stage rocket, which is also the most powerful first-stage rocket:

Given Trump’s current crop of crypto-friendly, even crypto-enthusiastic, nominees, the U.S. Bitcoin Strategic Reserve proposal is likely to become a reality.

With the United States taking the lead, is it possible that Europe, the Middle East, Japan, South Korea, South America, and even China will follow?

The electronic "gold" dream that was out of reach in the past has even become accessible now.

The biggest feature of Bitcoin is that it will not change. This is a quality like gold.

Qin Shihuang’s golden seal, Tang Taizong’s golden crown, and Ming Taizu’s golden palace are all made of the same gold.

What will the Bitcoin network look like in 2017, what will the Bitcoin network look like in 2021, and what will the Bitcoin network look like next year in 2025? All are the same Bitcoin.

"Predictable" = "Reliable" = "Can travel through time"

You You can never trust a project that will be RUG in the next hour of dev, nor can you believe in an agreement that updates a blueprint every five years, and you can't be sure whether a currently diligent entrepreneur will become a ruthless CEO in N years. .

But you can easily predict what the Bitcoin network will look like in the next 10 years, what it will look like in the next 20 years - the answer is that if gold is the same, it will always be like this.

This is why these companies will let Bitcoin (and not others) become their "strategic reserve."

You may ask, Teacher Todd, I seem to understand. But we came to this industry to "turn over". Are you telling me to hold on to Bitcoin? How much more can Bitcoin rise?

Bitcoin vs Others

Frankly speaking, I can't give you a prediction, and almost no one can give you an accurate prediction.

This is exactly the third point I want to express - live a good life.

Another major feature of this industry is that it is also good at showing you the most luxurious part.

You can earn 1M or 2M casually in a while;

Posted after a while Remarks on leaving the circle;

After a few days, the person disappeared, and it turned out that he was traveling around the world;

">Of course, this does not even dare to say that the exchange bosses are enjoying themselves in Singapore and Dubai.

Among them there are genuine fake ones, accounting for 75%, fake ones accounting for 20%, and truly rich people also exist, accounting for about 5%.

However, these things are too irritating to people's eyes. If they are powerful magic weapons, they can draw out all the unwillingness and anger of people.

This is also why meme was born. Of course, I will write more about meme when I have the opportunity later.

Recently, there was an account with a gorilla avatar, and another 5M to XRP contract was transferred, which attracted countless envy.However, the person who was exposed turned out to be using virtual disk transactions, and the purpose was to deceive other people into paying fees.

Did you know that you were once faced with a false P-picture, silently wept and cursed yourself for being cowardly, and then opened a huge lever in retaliation? How ironic is it?

The key to HODL is that people must learn to live well.

How to live well:

Always record yourself in words

Accept the fact that others earn more than you

Focus on the present

Eat well

Set realistic and achievable goals

Challenge negative thinking

Be good Sleep

Develop positive self-talk

Practice gratitude

Helping others

Only when you live a good life can you hold Bitcoin.

If on the contrary, you don’t live a good life, fall into the emotional honeypot carefully designed by altcoin issuers, and start to fantasize about using radical strategies to overtake in corners, the ending will be— —

Your Bitcoins will go to those altcoin issuers.

In recent years, I have a rough feeling that maybe 95% of people are currency-based. Less and less.

There are occasional retrogrades, no more than 5%, and all of them are people with extremely good fortune.

Remember thatA word?

"The first time you heard about Bitcoin,

it was often you When you can have the most Bitcoins”

Finally, let us review the three real ways to hold Bitcoins:

Deposit into a cold wallet

Replenish your faith regularly

Live well

Time flies so fast, Fast forward 7 years, and the exchange rate of Bitcoin to U.S. dollars has increased tenfold.

However, 1 BTC = 1 BTC is still the case.

This has been true in the past, and it will be true in the future

Please hold (HODL) your Bitcoins , don’t wait until Bitcoin reaches 1 million US dollars to understand.