Who stole your BTC?

Author: Todd

First of all, congratulations on Bitcoin officially reaching 100,000 US dollars today. Here’s a funny story for you.

In January 2018, I wrote an article about how to survive in the Bear Market.

In those years, indeed, I was shamelessly eloquent. The most crucial paragraph (which was mocked by a fellow commenter) reads as follows:

“Bitcoin could reach $50,000 in the future, it’s just a matter of time.”

Since we know BTC has risen to $50,000, all operations now aim to increase the quantity of BTC. Why cut loss stop loss now? Where is the loss?

Brother Ren in the comment area said: “The answerer slapped his ass and got the conclusion that BTC can reach $50,000?”

Forgot to mention, on that day BTC was 11000 dollars.

Then it gets fun—

This brother has a backbone, and that comment remains unremoved;

But as BTC broke through 20k, 30k, 40k… and now surpasses 100k USD, every time it breaks an integer, someone would jokingly go there for daily attendance 😂. This small comment has become a famous tourist spot.

As a generation of Internet natives, this kind of hard-mouthed fun, combined with the amazing performance of Internet’s magical currency, is naturally pleasant.

A famous picture, which I think everyone has seen.

Your imagined HODL

HODL in fact

Many people have even corrected that the second picture should be:

Actual HODL 2.0

Actually, there is a third picture of this meme that many people don’t know. To be honest, it is also the most touching image I have seen over the years:

Actual HODL 3.0

Is it? Is it really that easy to hold BTC?

Why are there still so many people not holding on?

If it were me in 2018, facing this question, I might have answered hastily: Yes, it is really simple to hold BTC, just do one thing: store it in a Cold Wallet.

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

After drifting in the industry for 7 years, I finally realized the second half of the truth on my own.

Now, at the age of 24, I can tell you the real truth:

Holding BTC is still simple, but actually requires three things to be done:

Deposit into Cold Wallet

Regularly replenish faith

Live a good life

The first thing Cold Wallet, I believe no explanation is needed.

The second thing is worth mentioning.

Actually, I really appreciate everyone who spreads the word about Bitcoin.

Faith is something that will gradually weaken with time and experience, and you need to replenish your faith every once in a while.

Otherwise, your BTC will be lost to the market in countless forms of swing trading.

No one can establish a ‘steel ideological imprint’ with his body, even Michael Saylor, the boss of MicroStrategy, who secretly sold some BTC at the bottom of 16,000, attempting to do tax evasion-specific swing trading.

And, the most terrifying thing about the encryption industry is that it always manages to push the ugliest part of the industry in front of the world.

You can see scammers, clowns, prostitutes and beggars appear one after another;

You can always see one eyewash after another and one Ponzi’s rise and collapse.

The VC game that the big shots have gathered for is huge

As small as the PVP sent by group members

There are thorns all the way, it’s only natural for you to be disappointed with this industry.

If you can still maintain such fervor, to be honest, I would doubt your sincerity.

So, you need to regularly replenish your faith.

Next is time of faith.

This round of BTC launch is not an overnight success, but like a multi-stage rocket, one stage after another, layer by layer To The Moon.

Pre stage: The curtain falls on the three major scammers (SBF, SuZhu, DoKwon) + the Fed’s interest rate hike, joining forces to weld BTC’s bottom at 16000 points.

Later, BTC has three major contributors from the previous low of 16000 to the current 101600:

First-level rocket: 16000-30000, we should thank Grayscale for continuing to absorb BTC like a pixiu and achieving a crucial victory in the SEC lawsuit as always.

Second-stage rocket: 30000-60000, we must thank ETF, especially BlackRock and Fidelity, two traditional institutions bringing their users and hot money from the US stock market into BTC.

Third-level rocket: 60000-100000, we should thank MicroStrategy. In fact, it is very difficult to break through the key integer points, especially the invisible pressure of various technical indicators. However, with the faith and determination of MicroStrategy, they directly and forcefully eliminated the pressure using cash from issuing bonds and selling stocks, bringing BTC into the vacuum zone.

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

Considering the new administration nominated by Trump, which is even enthusiastic about encryption, the proposal for the strategic reserve of BTC in the United States is likely to become a reality.

And as the United States leads, is it possible for Europe, the Middle East, Japan and South Korea, South America, and even China to follow suit?

The once unreachable dream of electronic ‘gold’ in the past is now even within reach.

The biggest characteristic of BTC is that it does not change, which is like the quality of gold.

The golden seals of Qin Shihuang, the golden crown of Tang Taizong, and the golden hall of Ming Taizu are all made of the same gold.

What was the BTC network like in 2017, what is the BTC network like in 2021, and what will the BTC network be like next year in 2025? All are the same BTC.

“Can predict” = “Can trust” = “Can travel through time”

You can never trust a project that will RUG in the next hour, nor can you trust a protocol that updates a blueprint every 5 years, and you cannot be sure whether a hardworking entrepreneur will become a ruthless CEO after N years.

But you can easily predict what the BTC network will look like in 10 years, in 20 years in the future—the answer is, it will always be like gold.

This is why these countries will make BTC (instead of others) their “national strategic reserves”.

You may ask, Teacher Todd, I seem to understand. But we came to this industry to ‘turn over’, and you tell me to hold BTC? How much can BTC increase?

Bitcoin vs others

To be honest, I can’t predict for you, 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 its ability to show you the most luxurious part.

In a little while, you can easily earn 1M, 2M;

Every now and then, he publishes a statement about leaving the circle again;

A few days later, the person disappeared. It turns out that they’ve gone on a world tour;

Of course, I dare not say that the bosses of the exchanges are intoxicated with paper money in Singapore and Dubai.

There are really fake ones, with fakes accounting for 75%, posers accounting for 20%, and real wealthy people also exist, accounting for about 5%.

However, these things are too stimulating to the eyes, like a powerful weapon, cunningly provoking people’s dissatisfaction and anger.

This is also why MEME was born, of course, I will write more about MEME when there is a chance in the future.

Recently, an account with a gorilla avatar attracted numerous admirers by placing a 5M contract order on XRP. However, it was revealed that the account was only engaged in virtual trading and the purpose was to deceive others into paying fees.

Do you know how ironic it is when you once faced a fake P picture, silently shed tears and cursed yourself for being timid, and then retaliated by opening a huge leverage?

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

How to live a good life:

Often record yourself in writing

Accept the fact that others make more money than you.

Focus on the present

Eat well.

Set realistic and achievable goals

Challenge negative thinking

Good sleep

Cultivate positive self-talk

Practice gratitude

Help others

Only when you have a good life of your own, can you hold on to Bitcoin.

If, on the contrary, one does not live well, falls into the emotional honeypot carefully designed by AltCoin issuers, and starts fantasizing about using aggressive strategies to overtake on the bend, the result is——

Your BTC will all run into the hands of those alts issuers.

Over the years, I have roughly felt that perhaps 95% of people are becoming less and less coin-centric.

Occasional contrarians, not exceeding 5%, are all extremely fortunate individuals.

Do you still remember that sentence?

"The first time you heard of Bitcoin,

Often it is when you have the most Bitcoin.

Finally, let’s review the three real ways to hold BTC:

Deposit into a Cold Wallet

Regularly replenish faith

Live a good life

Time flies, 7 years have passed in a blink, and BTC has increased by 10 times against the US dollar.

However, 1 BTC = 1 BTC, still the same.

So it was in the past, and so it will be in the future

Hold (HODL) your BTC, don’t wait until BTC really reaches 1 million USD to understand.