On January 5, 2025, Duan Yongping's speech at Zhejiang University attracted widespread attention in the investment circle. As the founder of BBK Electronics and Subor, Duan Yongping has achieved remarkable investment success, having made a hundredfold return by bottom-fishing NetEase and enjoyed dozens of times returns on heavy investments in Apple and Moutai, earning the title 'China's Buffett.' Although the speech did not directly mention Bitcoin, his investment philosophy offers profound insights for investing in Bitcoin:
Don't FOMO: stay calm, invest rationally.
FOMO (Fear of Missing Out) is a common mindset among retail investors. Duan Yongping points out that investment masters like Buffett and Munger do not make hasty decisions out of fear of missing out; the principle is not to fear missing out but to avoid stepping on landmines. In investing, preserving strength is more important than making money. Impulsive decisions in an overheated market can lead to failure. Once one loses rational judgment due to FOMO, there may never be a chance to turn things around. Just as 'money can be made endlessly, but it can also be lost completely,' investing in Bitcoin should also avoid blindly following trends and not react impulsively to short-term market fluctuations.
Good tracks always have good returns: choose fields with long-term value.
Duan Yongping believes that 'a good track will never enter a low-profit state.' Although Bitcoin is often seen as a product of 'hype,' it has driven the mining industry, smart contracts, cross-border payments, and other billion-dollar markets, providing real commercial value. Just like the booming memecoins and AI agents during a bull market, not only do the coins soar, but the innovative demands surrounding them also bring many profitable opportunities. Investing in Bitcoin should be viewed from a long-term perspective. If one recognizes that cryptocurrencies are a promising track, one should focus on their long-term value and development potential, and not easily give up due to short-term fluctuations.
The premise of taking high risks is knowing the high returns: high returns do not equal uncertainty.
Duan Yongping emphasizes that the premise of taking high risks is to be clear about high returns. As the leader in digital currency, Bitcoin has high certainty returns during a bull market, with historical validation and future potential. However, many FOMO-driven coins in the market may experience short-term surges, but the returns are uncertain and the risks are enormous. One cannot fantasize about a coin that could multiply tenfold tomorrow just because Bitcoin has already risen sharply. In the long term, Bitcoin offers more certain returns. Investing in Bitcoin requires a thorough understanding of its risk and return characteristics; one should not only pursue short-term profits but also value long-term stable returns.#BTC重返10万 #本轮牛市周期预期 #微策略持续增持BTC $SHIB $DOGE $PEPE
