Author: Degen
Compiled by: TechFlow
It's time to believe in something.
Welcome to the bull market, and we may even see a super cycle. Major institutions are entering the market and buying our assets. We are returning to the era of zero interest rates, welcoming the most optimistic presidential candidate in history, and seeing a negative premium in the Korean market. These are the market environments we have been dreaming of - a brand new paradigm. This time, not only retail investors, but global institutions have also joined our investment frenzy.
In short: it's time to stop short-term speculation and believe in long-term development.
Some may wonder how we can transition from a culture of short-term speculation to a long-term holding strategy? When we are accustomed to competing in a highly competitive market, we often fight against each other. However, the era of abundance has arrived, and now is the time for us to compete with the world - from Mumbai to Dubai. It's time to bid farewell to the chaos of short-term speculation and enter the ideal realm of sustained growth.
Early Bitcoin enthusiasts had a firm belief - they were cypherpunks, dedicated to creating a decentralized currency not controlled by governments. This is why Bitcoin remains the most powerful "belief system" to this day, as it has a clear goal: to become the most decentralized network state, and this goal is becoming more and more real every day. Although Bitcoin is unique in its technology due to the invention of blockchain, its true power lies in the collective belief of its early users - their unwavering faith in its potential and technology, which has made Bitcoin a part of global consciousness. From an obscure digital corner to being adopted by national governments, this achievement is powered by the force of belief, intention, and realization.
During the journey of Bitcoin's birth, many Altcoins have tried to replace Bitcoin's position, quickly gaining wealth by attracting speculators to invest in these short-lived and meaningless projects. However, Bitcoin remains as tenacious as a honey badger, continuing to increase its global awareness, penetration, and acceptance.
In 2017, thousands of projects appeared with grand goals, claiming to provide world-changing practical functions, attracting hopeful believers. These projects created the most astonishing returns in the history of the financial market in a short period of time. Investors who held them for a few months gained hundreds of times the profits, until the bubble burst, and their asset values shrank by 99% or more. Those who experienced this shock no longer believe in projects with grand goals, as few ICOs have been able to truly launch practical products.
The so-called decentralized global computer is really a joke.
By 2020, the global pandemic outbreak forced the Federal Reserve to inject an unprecedented amount of capital into the market in a short period of time to "save the economy." This capital was naturally used for speculative activities, but this time it was directed towards tokens with actual utility (ushering in the summer of DeFi), which had real applications that users could use. Although these promises are not as grandiose as the decentralized global computing system, they are indeed feasible, even though they are essentially some kind of Ponzi-like financial games. We have fully invested because we believe this is the starting point for more innovative products. However, as the cycle ends, it turns out that all of this was just a huge Ponzi scheme, culminating in the fraudulent collapse of one of the largest exchanges, with the fastest project (Luna) losing hundreds of billions of dollars in market value in a single day, as every innovation in DeFi is essentially some kind of constantly inflating Ponzi profit extractor. It was all just a dream.
After these two traumas, most veteran cryptocurrency participants have seen through the deception. Now we understand the game - it's all just an illusion. We have experienced multiple fluctuations and are no longer young and naive. If we continue to speculate, we will choose the simplest and most meaningless projects, because we have become completely nihilistic about the current state of cryptocurrencies. The early enthusiasts of Bitcoin and Ethereum have withdrawn after getting rich. There is no longer any reason to believe those lies - we just choose to bet on meme coins because they are essentially transparent, leading to the current situation: the most depraved and meaningless tokens are being openly hyped to extreme heights.
However, knowing that you are investing in tokens of no value, just because they will rise, how can you hold such tokens until you get hundreds of times the return? Only a few can do this.
Instead, as a rational investor, why not choose tokens that offer more than just short-term gains? Perhaps, as Vitalik said, choose meme coins with clear goals? Why not choose real wealth and comfort? When you choose to invest in a token with higher goals, you will begin to attract more opportunities and blessings from the universe, which will serve your interests.
I find that the trauma and stress brought by cryptocurrencies can best be healed through alternative therapies, such as Ayahuasca and other psychedelics. These therapies can help us awaken from the low-level animal consciousness and enter a higher state of being. Being a trader who only focuses on short-term profits is not worth advocating, as it limits our creativity and faith, making us slaves to machines. There are many ways to acquire wealth, but the journey is more important than the destination, so choose to become a person of faith.
Perhaps now is the time for cryptocurrency traders to put down those anti-social traders who only focus on daily short-term gains and relearn to believe and dream. The purpose of investing is to choose projects that align with your own consciousness, not to extract profits from different tokens every day. Since you won't be leaving the cryptocurrency community, why not enjoy the journey?
In the Zen temple where I practice, my meditation guide has only three instructions: full commitment, constant questioning, and infinite faith. The last one is equally applicable to cryptocurrencies. When you have unwavering faith in an asset that aligns with your values, short-term price fluctuations cannot shake your confidence.
My advice is to seek out tokens with higher goals and meaning, connect with them on a conscious level, and align them with your own values. Holding these tokens can not only change your life, but also have a real impact on the world. Good behavior brings good results - Bitcoin has led a new global currency revolution through the collective belief and power of realization.
It's time to find a safe haven that not only brings economic returns, but also has a positive impact on the social level.
