Original | Liu Jiaolian
Overnight, BTC broke through the previous SOS strong signal and continued to rise. This has been summarized in today's [7.21 Teaching Chain Insider "A Calm Weekend, BTC Advances to $67,000"]. An interesting crypto-class pyramid diagram circulated on the Internet, as follows. See which class you are in?
From top to bottom:
At the top: BlackRock and the Federal Reserve
- Rule the following classes
- The goal is total control
- Possess unlimited US dollar banknotes
Next level: Venture Capital (VC)
- Eat the meal on the upper floor
- Feed the lower level
- The goal is to earn 1000 times
Middle layer: encryption protocol and development team (project party)
- Eat the meal on the upper floor
- Feed the lower level
- Follow the requirements of venture capital
The second-to-last layer: opinion leaders and industry media
- Eat the meal on the upper floor
- Feeding the lower level
- Get paid to do things (pretend to be objective and neutral)
Bottom layer: You = retail investor
- Feed the layers above
- Trust the above layers
- The goal is to earn 100 times more (but always get screwed)
I saw a netizen put forward a point of view on "when to sell", which I felt was quite novel. He said: At any time, when you make enough money to change your life, you should sell it decisively.
Imagine that a programmer with an annual salary of 300,000 yuan has a career lifespan of about 20-30 years (i.e., 25 to 45 or 55 years old), so his total career income is expected to be 6-9 million yuan. If the value of his position suddenly increases rapidly to exceed 10 million yuan or even reach tens of millions of yuan (i.e., 1.5 million US dollars to millions of US dollars), he can consider cashing out appropriately.
Of course, the idea of cashing out is definitely based on legal currency thinking, not BTC-based thinking. This is for critical reference only.
He can turn the cash into capital and then let the capital work for him. For example, he invested 5 million in a certain stock of the A-share market, which was more than 30 yuan per share and had just recently distributed dividends, nearly 2 yuan per share, so the annual dividends were about 300,000 yuan, which was equivalent to his annual salary of 300,000 yuan when he was working.
The difference between living on dividends and living on BTC is:
Every time you want to eat, you have to sell the BTC in your hand, so the number of BTC in your hand will definitely become less and less.
Stock dividends are the distribution of incremental surplus value according to the number of shares held. As long as the company you invest in is long-lasting, you can continue to earn from it without reducing the number of shares in your hands.
This is a bit similar to the PoS deposit and interest. However, most PoS systems are pure financial games that do not create value. They can only distribute the value of latecomers, which becomes a Ponzi scheme. The underlying assets of stocks are enterprises. Enterprises absorb human labor and can create incremental surplus value for distribution.
However, what has been said above may still be just an appearance, or an illusion.
Looking deeper, when capital is held in the form of BTC or in other assets (such as stocks), different opportunity costs have already been chosen.
Although holding and eating BTC will lead to a continuous decrease in BTC, if BTC is converted into other forms, perhaps its dividends for 10,000 years cannot make up for the opportunity cost of not holding BTC (that is, the principal plus dividends combined cannot outperform BTC).
Industrial capital squeezes surplus value from the labor of workers. Financial capital squeezes surplus value from industrial capital. As the highest form of financial capital, BTC may absorb the surplus value squeezed out by all financial capital in the world. If this theory is true, then any form of capital appreciation will not be able to outperform BTC in the long run.
(Official account: Liu Jiaolian. Knowledge Planet: reply “Planet” to the official account)
(Disclaimer: The content of this article does not constitute any investment advice. Cryptocurrency is an extremely high-risk product and there is a risk of it returning to zero at any time. Please participate with caution and be responsible for your own actions.)
