Let’s get straight to the point. There is a saying in the crypto world: 'Holding coins is harder than holding chastity'; another saying is, 'Coins must become fewer the more you play with them.'
Why do I say this? In a bull market, when everyone makes money, they basically cash out for security. Most people are happy to sell when they break even or make some profit, or satisfied to leave when they have tripled or quintupled their investment. This approach only satisfies the short term and cannot satisfy the long term, or rather, it is just a victory in a brief investment. This is not called wealth!
True wealth must bring profits in the long term. If the profits reach your daily consumption and living expenses for enjoyment, I think that can be considered basic financial freedom.
Those who play with Bitcoin all know its value; this is a consensus. However, the vast majority still treat it as a temporary investment. So how can it be treated as a long-term income product? Personally, I think as follows:
1. If you have a small amount of Bitcoin, do not easily part with it, because there are only 21 million of them. Even if the Earth is destroyed, there will still only be 21 million, and 99.9% of people cannot get more than one. If you hold it, work hard, experience a couple of cycles, just 5 to 10 years, and then you will discover how powerful the strategy of playing dead can be as an investment!
2. If you have some Bitcoin, congratulations, you have capital that has a certain wealth potential in the future. Do not smother your future wealth in the cradle. A friend of mine had 10 Bitcoins, a few hundred dollars each, and when it rose to over 10,000 dollars, he happily sold all of them. He made almost a million when he earned tens of thousands. Who wouldn't be happy at that time! But if he had held onto it until now, it would be worth 100,000 dollars, which is several million, just in about 5 years. Unknowingly, he erased his future wealth.
3. If you have a larger amount of Bitcoin, you can take out a portion to make contracts, and you must use leverage; otherwise, it is meaningless. However, at the beginning, you will definitely incur losses, but do not lose heart; you can look at my article (Me and My Coin). Many things, you will never understand their essence without experiencing them yourself. When you have experience from small investments, it can be utilized, becoming powerful and continuously bringing wealth.
Finally, I want to say: Bitcoin has always been screening those who are more worthy of holding it. If you like it, you must respect it; to respect it, you must understand it; to understand it, you must accept all of it.