In the digital realm, there's a saying called "picking up trash," which means buying previous-generation electronic devices to avoid paying the "idiot tax." My understanding is that the "trash" here specifically refers to electronic products that have stood the test of time and have a good reputation. It often mainly involves picking up new stock.
For example, Apple devices released five years ago can still be used for another ten years without any issues. Meanwhile, many new products from certain brands are just trash, priced high, with new items becoming obsolete in three years, yet there are still a lot of idiots frantically trying to grab them.
Daily consumption is essentially the same as investing. Why is it that despite Bitcoin reaching an all-time high, 99% of the Chinese crypto community has gone silent?
The reason is that their investment logic only looks at whether something is cheap, not at its quality. 99% of the garbage altcoins have drained their six wallets, ultimately leading to bankruptcy, social decline, and family breakdown.
In daily life, they also use cheap, low-quality products that harm their children and families, with excessive chemicals, leading to chronic self-harm.
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