To make a lot of money in the cryptocurrency circle, you must buy assets whose consensus will expand at some point in the future.
For example, the previous inscriptions, from a few U per piece to thousands of U per piece, this is the expansion of consensus. Then many people think that the inscriptions are good, and rush in again. Everyone's cognition is similar, and there is no difference. Then it is basically impossible to make huge profits. And there is a high probability of losing money.
Because there is no cognitive difference between you and the people who buy now, there is a cognitive difference between you and the people who will buy in the future. This is the fundamental reason why short-term games cannot make money. Unless you can judge that the consensus in the future will expand to 5 billion US dollars or 10 billion US dollars, then you can definitely buy it now.
But whether this thing can be successful, only God knows. This judgment is of course difficult. This is what it means that cognition determines wealth. So making money is of course difficult.
If you don't do Bitcoin and want to get rich, you must first find a track that almost no one plays and no one recognizes. Then you get in. If this track is up, then you will be up. Or when the market is desperate and everyone thinks it is bad, they all sell their stocks, but you go in or you hold on firmly. Your cognitive behavior is different from theirs. This is a cognitive difference. If you make the right judgment, you will get rich in the future.
Suppose one day Bitcoin has become a household asset, and you go to deposit money. The banker asks you whether you want to buy some Bitcoin financial products. At this time, the basis for the continued expansion of consensus may be gone, and the income will become very ordinary.
That may be when you sell BTC. I hope our encounter is friendly.
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