Let's talk about the investment strategy of Bitcoin

After Friday's article was published, many readers offered their thoughts on the long-term holding. It can be felt that many readers have a certain resistance to this method, or even if they accept, they will more or less make certain compromises in operation.

I understand this mentality.

In fact, my idea of holding it for a long time did not come about overnight and only came to me today, but it was only after a period of reflection and comparison that I gradually tended to accept this idea.

In fact, very early (probably 2017, 2018), I heard some old players in the ecosystem at that time put forward the advice of holding bitcoin and not moving.

It's just that at that time, I was faced with such huge fluctuations in assets, and I thought that holding them would be too wasteful of resources and opportunities, and it would be too inefficient to use funds in that way.

At that time, I was more cautious: although I also sold high and bought low, the funds I sold on Bitcoin will not buy other assets, but will be used to buy Bitcoin in the future. In addition, I was very lucky at that time, basically after throwing high, I could suck back again after sucking low. Therefore, after some such operations, more bitcoins have indeed been accumulated.

So at that time, I was very dismissive of holding still.

However, in the past two years, after reading the experience of more and more senior investors, I feel more and more that the high selling and low buying in the previous experiences are luck and unsustainable.

In the last bull run, my fixed sell-off on Bitcoin and Ethereum started after they retreated 20% from their highs.

Many readers remember that the last round of the bull market was a double top, and the second peak was the real top of the entire bull market. And the first top was followed by the 519 plunge.

In the 519 crash, both Bitcoin and Ethereum fell by more than 20%. If I followed the standard of the fixed sale at that time, the fixed sale should be opened after the 519 crash.

The reason why I didn't do this at that time was because I was lucky enough to participate in the second big innovation NFT that was about to rise in the last round of the Ethereum ecosystem, and the NFT ecosystem was just rising at that time, but there were already strong signs. So I'm pretty sure the bull market should continue, and it's not over yet.

But if I hadn't been so lucky back then, and I didn't participate in the NFT sprouts when they first appeared, or even if I did, I didn't feel the strength of the sprouts and didn't have that strong grasp that the bull market was still there, then I would probably think that the crypto ecosystem was over after the 519 crash, and I would have started selling as planned.

In that case, will I be upset and helpless in the face of the upcoming second wave of real big market? It's hard to imagine.

In the same way, when the second top arrives and falls by 20%, after I open the fixed sell, what will I do if there is a third innovation in the Ethereum ecosystem that leads to a third top? It's also hard to imagine.

Now thinking back on these and reviewing the various possible situations at that time, I think that if the funds used for heavy positions are idle and do not affect life, as long as the market is not too outrageous, in fact, the best way is to hold it for a long time, as long as the varieties held by heavy positions have potential and future.

The biggest advantage of this method is that you won't be thrown out of the car; The biggest disadvantage is nothing more than that it is time-consuming, and it is more tiring, which will make the holder suffer from loneliness, loneliness and the mentality of the market decline for a period of time.

However, for crypto assets, which only appear once in thousands of years and change the financial form of human beings, being thrown off the bus is the biggest risk, the greatest misfortune, and the greatest pain.

Compared to this risk, misfortune and pain, that little bit of inner loneliness and loneliness is nothing.

Some readers asked me if I would still invest and sell?

Regular investment in Bitcoin and Ethereum will definitely be.

The fixed sale of Bitcoin and Ethereum is really not necessarily.

It may be dumped, but it is also when the price is extremely outrageous. The so-called extremely outrageous is so high that all kinds of media have to follow the wind and report, and outsiders around them have also begun to consult and buy.

Maybe I won't throw it, even if the price is a little higher, but as long as it's not too outrageous, I won't necessarily throw it.