Macau gambling king Stanley Ho.
I once publicly advised against gambling, not because I fear you winning, but because I fear you not coming. Moreover, the He family has no one good to gamble with.
The reason I talk more about stocks and less about the crypto space is that the long-term expectation of the stock market is positive. As long as your methods and thinking are correct, you will definitely be able to make money in the long run. In the crypto space, whether it's spot or futures, there will always be a loser, and someone will definitely lose money. The only ones who can profit in the long run are the ones taking a cut, which are the exchanges.
Some people will bring up the comparison of three thousand points over ten years and twenty million times over ten years. This is meaningless. Do you think if you hold all the Bitcoin you mined over the past ten years, you can achieve twenty million times? No, you need a counterparty. In stocks, you actually don't need a counterparty, because truly quality companies distribute dividends every year.
The reason why many people like futures is fundamentally gambling. They are betting on which day they can get rich, which is no different from being in a casino. Because a casino is also about stock funds and has counterparties, there will definitely be losers.
The core of gambling lies in setting the rules of the game with negative expectations. In the crypto space, the overall situation is a negative-sum game.
。
It's like the crypto space. Because it has accumulated a large number of '韭菜' (chives), such a rich patch of chives, I find it hard to cut them. But I keep my allocation in the crypto space within 10% of my total assets. Once it exceeds 10%, I will sell part of it and buy quality assets globally.
What story or new technology is meaningless. Because the world is a typical narrative economy.
After a narrative concludes, some assets may be in disarray, while others can still steadily generate value.
For example, the well-known tulip bubble.
This bubble lasted at least over thirty years. Looking back at the price of tulips, these thirty years must have been a magnificent long bull market. Entering at any point in time would not lead to losses. But it still doesn't change the fact that this game requires counterparties, and it is almost akin to a negative-sum game in expectation. Even after the bubble burst, some rare and precious tulips still hold extremely high value. With the continuous improvement of breeding techniques, their prices have returned to normal levels.
Therefore, for any speculative asset, the best way is that whenever you make money, take a portion of it to purchase income-generating assets. And strictly control the proportion of this speculative asset. Only then can you remain invulnerable.
Of course, saying these things has become cliché, and there will definitely be a lot of '韭菜' feeling uncomfortable and wanting to refute. It doesn't matter. After all, every person who hints at risks is seen by '韭菜' as blocking their financial road, blocking their chance to turn their life around, and blocking their ascent to the pinnacle of life.
But I do it this way. Every time my assets exceed 10% or I make significant profits and believe it's the end of the bull market, I will sell and buy income-generating assets or save.
Recently, I plan to ambush a potential coin that is ready to skyrocket; it's quite easy to double. At the same time, I also plan to find some potential coins to hold until the end of the year, with an expected space of over ten times, no problem, follow along to reap the benefits down below 999.