A wallet address with 500 bitcoins worth $23.73 million suddenly woke up after being dormant for 10.5 years.

At 18:52 UTC on December 29, 2021 (2:52 a.m. Beijing time on the 30th), 170.031 bitcoins were transferred, worth US$8.11 million at the time.

Don’t think this is just a story. People in the cryptocurrency circle such as Guo Hongcai, Li Xiaolai, and several of my friends have achieved financial freedom in this way.

However, what we have to think about is, what did they do right?

First, they held on for a long time. Second, they chose the right target.

Yes, it is that simple, but simple does not mean easy. First of all, ten years ago, most people's understanding of Bitcoin was limited to Tulip Ponzi. Being able to understand and explore new things and to further get on board is something that is truly rare.

So, getting on the bus, that is, choosing the target, is the first thing to do.

Get on the bus first, but don't get on the wrong bus, otherwise the next stop may be a meat processing plant and the last stop may be a cemetery. It is far more meaningful to focus on valuable coins such as Bitcoin and Ethereum than to care about market news.

After selecting the target, get on board at a relatively suitable cost, then add positions in batches, and leave the rest to time. There is no need to make meaningless struggles, which will only torture yourself and have no effect at all. The rise and fall of currency prices are not affected by human will.

For a good target, the current price is not important. What matters is whether you are on board. This is critical.

There is no shortcut to playing with coins. If you want to make money as soon as you enter the market, you are either dreaming or stupid. You don’t know anything, so why are you competing with your opponents? How can you make money? Just learn with an open mind, follow the right people, and focus on learning thinking and methods, rather than K-line, technical tactics and so on.

Persist in repeatedly polishing yourself. I can persist in typing once a day. You can't even open it and study every day. How can you keep up with me and the market?

As for anything, practice makes perfect. Quantitative change determines qualitative change. Without the accumulation of quantity, there can be no qualitative change. I never expect that an article can gain 500 followers, but if life is a chess game, I would like to be the pawn. Has anyone ever seen me take a step back?

99% of people who lose money in the cryptocurrency world make two mistakes: one is choosing the wrong target, and the other is playing short-term.

As mentioned above, if you choose the wrong target, the next stop will be a meat processing plant, and the final stop will be a mass grave. Even gods can’t save you. If you have read many of my articles, you will know that 90% of my positions are on one target.

As long as you choose the right target for long-term holding, the result is visible. Now let’s talk about short-term holding.

People often have an illusion that they can make money quickly in the short term. But the question is, how can they make money?

The most used one at this time is the K-line, and the K-line has a market. Human nature is often pretentious, especially after the occasional transaction is profitable, as if Buffett is possessed. Speculation, speculation turned into gambling, and the outcome can be imagined. Countless novices have become die-hard leeks in this way, unable to extricate themselves.

Countless investment experiences tell us that if we want to make huge profits, we cannot rely solely on short-term trading, but should grasp the cycle. Those who play short-term trading are often cannon fodder. Their only role is to take over. There is no way, this is the reality.

Don’t care about how much this person earns or what that person is doing. If you see too much market information, you will become impetuous. It is very easy to make irrational choices on impulse. You may rush in to do some short-term trading and try your luck. As a result, you will be fooled by the dog dealer and cannot extricate yourself all day long.

Do your own thing and walk your own way. No matter what lies ahead, no matter who you meet on the road, persist and work hard, and rest assured, you can make money.

The K-line of the currency market is like a sharp knife, which has castrated the minds of countless people and given countless people the fantasy of making money. Only to realize in the end that this thing is too damn easy to get obsessed with and end up in a miserable way.

It doesn’t mean that you can’t make money in the short term. Existence is the truth. If you are an exchange or a project owner, you can certainly make money by playing with open hands and looking at other people’s cards. But we are ordinary people, small leeks, what can we do?

In short, don't worry about others and don't be misled by short-term orders. In the cryptocurrency market, protecting your capital is the top priority. It is better to miss out than to make mistakes. Just walk your own way and believe that the future is promising.

Take your BTC and let it sleep!