I can't help but talk about Bitcoin

The rise of bitcoin in the past two days is really astounding. At the highest time, a bitcoin broke through $34,500. If you have been paying attention to bitcoin, you will know that this is a new all-time high. It was 10,180 on September 4 last year. Yuan, the price has more than tripled after four months. Although many experts on the Internet have predicted that Bitcoin will rise, no one dares to say that it will rise more than 30,000 US dollars. It is conceivable how unexpected this price is. , may I ask which investment has such a large return!

I know that many people still think that investing in Bitcoin is too risky and not reliable enough. Because it is a virtual currency, the assets are composed of a set of numbers and garbled characters. There is no real thing to hold, and there is no physical intermediary in the middle. Guaranteed, can't seem to touch anything, and sometimes see negative news about virtual currency scams, no wonder they will resist bitcoin or other cryptocurrencies, so I understand their feelings, to change a person's thinking and behavior is It's very difficult, you have to show them some facts or success stories, maybe this will make people start to think deeply.

Seven years ago, before February 2014, like many people, I was dismissive of virtual currency, and even thought it was a bubble investment tool created by some speculators, but I am a person who likes to try new things, so With a mentality of having fun, I bought bitcoin with a little money. At that time, the market price of a bitcoin was less than 500 euros. It’s been six years in this way. I accidentally checked my e-mail in October last year and found the notification letter that I bought bitcoin that year, which caused me to pay attention to bitcoin again!

In the past, when I bought bitcoin, the market price was less than 500 euros, and now it is more than 30,000 US dollars. In euros, it has exceeded 25,000 euros. In six years, my bitcoin has soared 50 times. Indeed, behind this story of mine, tell us the following truths:

First, Bitcoin or other virtual currencies are not so scary, they can indeed be regarded as an asset, not something intangible, and can be valued, saved and exchanged for real fiat currency, such as USD, EUR, JPY ‧‧‧‧, etc., I believe that as long as it is properly kept and used, it can be used as a tool for buying and selling transactions like other fiat currencies. Even if it is put on for ten or eight years, it will not disappear.

Second, Bitcoin has been parked for six years, which is not a long but not a short period of time. It proves that this long-term investment method is very healthy. There are at least 4,200 kinds of virtual currencies in the currency market. Just choose some Cryptocurrencies with relatively strong capital and large daily trading volume are very secure (I took the time to do some data collection last week and put together a list of the top 20 hottest cryptocurrencies in the world for your reference), I believe With the accumulation of time, there must eventually be a suitable time for the return rate to be no less than the starting point of the original investment, so don't invest with a short-term speculative mentality that jumps in and out, or you will inevitably lead to losses due to greed.

Third, many people have a saving habit, which should be encouraged, but the question is, can this saved money offset the rising inflation? Let alone keeping money in the bank, the interest income alone cannot keep up with the price growth. Looking at the house price ten years ago compared with today's house price, I understand this truth. Although the money does not move in the bank, you can get the benefits of compound interest. , but if there is not a certain huge amount of money, the effect of this compound interest appreciation will be of no use. Since there is surplus money to be used for savings, it proves that even if the money cannot be used for a while, it will not affect the individual or the individual. The daily life of the whole family, why not put it in an investment field that is becoming more and more popular and value-preserving.

Fourth, the circulation and application of virtual currency is the general trend. From the recent major changes in the currency circle, it can be proved that the main "investors" of virtual currency in the past were from the futures market and some large-scale speculators, but recently there have been many Listed companies have converted some of their assets into virtual currencies, including two U.S. listed companies Micro-Strategy and Squares, and even Paypal announced this year that merchants can use Bitcoin to buy and sell on Paypal. These companies use real assets to buy The main motivation of virtual currency is to use some healthy assets to store value. When we find that people around us are using virtual currencies such as bitcoin to store value, the legal currency in our hands may be worthless.

Finally, when it comes to the issue of fiat currency, many people still have a traditional idea that the banknotes they hold are real assets, but many people do not know that we have been deceived by the government, because the government has the right to issue currency. , Under the quantitative loose monetary policy, the government does not need to issue currency according to the reserves of real assets. To put it bluntly, the government continuously prints money without limit, and then uses these banknotes to exchange the fruits of the people's labor or buy the assets of the people. This is no different from gangs printing counterfeit banknotes, so the government always wants to hold the right to issue currency, but not every government has a conscience. When the government continues to issue a large number of new banknotes, the money in our pockets will not be calculated. , I hope that everyone will not continue to be obsessed with the value of the banknotes in their hands, and only rely on the fiat currency for the happiness of life.