Some thoughts on investing in Bitcoin

In the past, there has been market turbulence due to the US presidential election, good news regarding the release of the new Crown vaccine and the price of Bitcoin, the cryptocurrency with the highest market value, continues to increase. While the discussion of investing in Bitcoin is always polarized, the uniqueness and rarity of Bitcoin is still worth noting. Bank executives welcomed the investment in Bitcoin, pointing out that the current exchange rate for "digital gold" is similar to that of gold in the 1970s and that financial institutions are soon entering the market. cryptocurrencies. In fact, Bitcoin is not as valuable as gold. However, due to its long history of gold, people like to see it as a treasure very much, and Bitcoin has just entered the mainstream. If you've used gold to hedge against inflation or other risks, you may want to consider converting some of your quota into Bitcoin now.

This article describes the logic and perspective of CryptoYC Bitcoin investing from our perspective, so why defend the investment market? Why hold onto Bitcoin for so long? Why use a monetary model?

There is a lot of information about investing in Bitcoin from its inception to the present day, from abroad at home, from cyberpunk to Wall Street, from the market to the scientist, from our world to capital, be it Google or Baidu. . I entered the entertainment industry very early on, but since birth I always thought I was stupid and never needed to talk again. However, I still want to share my thoughts and feelings on investing.

Why is it a good idea to follow the reasons of VCs to invest in Bitcoin?

Venture capital has a short history.It wasn't important in America 100 years ago. If you haven't seen the documentary "Venture Capital" yet, I recommend it. The short history of venture capital has been associated with the development of the entire human computer, and it is hard to imagine what human life would be like today without venture capital in industry.In the venture capital industry, most people in the venture capital industry think about the issues people face, the advice we need to follow, the allocation of capital as a starting point for the world to respond. better and design based on innovation. A new industry, it is undoubtedly one of the greatest human industries.

One hundred years ago, in the late 19th and early 20th centuries, the high-tech markets at the time were Carnegie, Rockefeller, and Bildt in the steel, oil and rail industries. At the same time and industry like Ma Huateng and Ma Yun dominate the Internet today. These “tech startups” continued to seek new high-tech, high-yield investments, even though their oil and rail industry at the time were already well-known high-tech companies compared to the British Steam Engine.

In 1874, Bell needed money to try and work in a mad phone, and Boston attorney Gardiner Hubbard and leather businessman Thomas Sander helped him and invested in creating a telephone company. We can talk without meeting over the phone, which at the time was less reliable than the Elon Musk vacuum cleaner. This is the basis of venture capital investment.

Silicon Valley in the western United States is today the mecca of private equity, but it was not until 1957, 60 years ago, that the first capital investment in the western United States. United States has taken place. Before 1980, the flow of capital to industry capital was no more than $ 200 million, and now the total is $ 200 million.

71 years ago, in 1946, the world's first company was formed and its name was ARD (American Research and Development). The purpose of the ARD was to supply military equipment developed during World War II.

70 years ago, in 1947, ADR invested in the High Voltage Engineering Company, the first company in the history of modern industry, which uses x-rays to treat tumors, maintaining the process of electrical treatment.

Carl Compton (second from right)

According to ARD insiders, Karl Compton, one of the founders of ADR and chairman of MIT, accepted a high-voltage electricity company for the developer and chairman of ARD, Georges Doriot, professor at Harvard Business. School, and later named his father, Georges Doriot. Capital risk :

"This business may not make any money in the future, but I'm sure you will invest in it because of its health benefits and the benefits of radiation therapy."

In the end, the project recovered $ 1.8 million with an investment of $ 200,000, or nine times more.

60 years ago, in 1957, ARD became the most famous company in the history of the industry, DEC (Digital Equipment Company),Invest $ 70,000 and earn $ 350 million in 14 years. In the meantime, every investor wants to vote for DEC.

Such perks are an opportunity for capital investors to jump straight from a small training course to important executives for wealthy and entrepreneurial people, and although they are also referred to as alternative routes, they have become important.

Throughout the history of these assets, there have been three similarities.

The first point is that minorities do not first become the main theme, but gradually become the main theme of the tribe.It is first ridiculed and misinterpreted, then gradually matures to gain recognition of the law and the concept.

The second is that the most profitable time is when a few people are making money.In the first place, the people who are trying to make a lot of money by investing in other investments are a small group of people who have a good sense of humor. These few are either highly skilled or extremely wealthy, like the founders of ARD or the leaders of MIT. Like I said, buy 1% of your assets with little money, little risk, and nothing. If you lose money you lose money, success can lead to your new world.

The third point is that the risk of investing is enormous.The risk arises not only from the project itself, but also from the rules and regulations. During the 2008 global financial crisis, many financial institutions were closed due to the ban on short selling.

Bitcoin corresponds to our three characteristics.

If Bitcoin has become the target of many public, financial, family, professional associations, etc., it is still in its infancy in relation to Satoshi Nakamoto's vision.

The long term can win

!

Bitcoin's value has increased since the day of trading, and there is a clear target that its market value has increased.long. To be successful in the long run, there are some things that need to be fulfilled, and the most important thing is to be able to put in something with passion, to complete in 10 or 20 years, and finally to achieve very good results. .Obviously, ordinary people cannot take this precaution for a long time. I often tell people why the main reason I'm in this business and still have Bitcoin is because I'm so stupid that I can't mix with other businesses I'm not good at it trade in the secondary market I am not afraid, I have been in the cryptocurrency industry for almost 7 years, I have not bought and sold in the forex market, experts are responsible.

Looking at Hayek's Austrian economy and the history of the Han Dynasty monetary issue, the biggest impression is that there is nothing new in the sun, and people small and indifferent. Bitcoin is a new opportunity for me. Since I knew I was so happy that I couldn't sleep at night, you asked me why I was so happy and still confused. There may be a lot of things I can do. Say it with words.Over time, I'm sure it's the most obvious and important thing right now.

No matter how long the upgrade takes, the numbers behind it mean. Even though it's always great, you never know what's going to happen then or where it's going to go. Several times my friend and I have reported on Bitcoin and they are very happy. The emergence of Bitcoin marks another turning point in human history. He was able to save people from World War III and more. All my friends are confused and even talk rhetoric. , is it very good? Hahaha, time will tell. Very well. Isn't it worth hanging on for a long time?For me, the answer is long term caution. There will be rewards ready!I won't go into too much detail here. Long-term savings are the main source of income. Go to Google Baidu and you will find a lot of information.

It should be a monetary model, not a legal monetary model.

We believe that investing in the world of Bitcoin, a unit of Chinese assets, should be based on fiat, not fiat.Many people see Bitcoin as just another commodity or asset and use the U.S. dollar and other fiat currencies to calculate their income. However, in this case, currency and fiat based investment markets are two types of investment markets.

If the market is supported by gold, it can be said to operate on the gold standard, and similarly, if the market is supported by Bitcoin, it works according to the monetary model.Everyone knows that the total number of Bitcoins is created almost 21 million. Although the value of fiat currency, 1 Bitcoin equals 1 Bitcoin and lasts forever. Many adults in the industry are financially minded, think about how to get more bitcoin, carefully putting them in an interesting and comprehensive wallet. After saving some money, I started to think and practice minimalism while learning the razor of the Occam Law, "If you don't want to, don't go for less than your full potential". The result was not taken into account, is that life has become easier and the understanding of health in life has improved a lot.

A famous tweet posted on Twitter by Russian financial analyst Vladislav Ginko was supported by many Bitcoin and cryptocurrency fans.

"Any discount in fiat will lead to corruption, misconceptions and unfair prices. Bitcoin does not have to cost in fiat. Bitcoin is the origin and end of all the valuable commodity in the world."