Today, the Shanghai High Court issued a statement clearly stating that it is not illegal for individuals to hold virtual currencies. Although the public has always believed that holding virtual currencies would not be a problem, the official's clear position has taken a long time. In recent years, the official attitude has not been clearly supportive or affirmative, and there has been no positive attitude towards cryptocurrencies.
In the past, the attitudes of various government departments were mostly "not feasible", and no reasons were given to support it. Over time, some departments realized that if the property attributes of virtual currencies were denied, many legal works could not continue to be promoted. It is not possible to simply refuse everything on the grounds of "violating public order and good customs", nor can the application of criminal law be ignored just because it is a civil matter.
Therefore, in recent years, especially when local courts have handled related cases, they have faced many challenges and difficulties. The statement issued by the Shanghai High Court today finally gave a clear answer: it is not illegal for individuals to hold virtual currencies.
But what does this "not illegal" mean? From a certain perspective, "not illegal" means legal. Theoretically, since it is not illegal, why not directly say that "it is legal for individuals to hold virtual currencies"? But in order to reduce the possible public opinion risk, the court chose to use more cautious wording, avoiding directly declaring it legal, and leaving enough space for other aspects.
Therefore, today's statement can be understood as: since it is legal, there is no need to argue about it anymore, the problem has been solved. However, the problem now is, do you dare to enter this market at this time? It's like in high school, when everyone was not allowed to date, and suddenly it was allowed in college, but there was no one to date, and there was even resistance to marriage due to long-term restrictions.
Regarding cognition and investment, I put forward three important viewpoints:
Your position is your cognition.
Cognition is only right or wrong, there is no high or low, and each person's choice is a reflection of their cognition.
Cognition and position do not necessarily match completely, but will eventually tend to balance.
These three axioms seem simple, but they contain profound thinking. In my opinion, the problem of high and low cognition is not as we often say, the so-called "high cognition" is sometimes just a manifestation of a sense of superiority. Each person's choice is only the optimal solution under their cognition at the time. So don't mock those who choose high-risk operations, in their cognition, this is the fastest way to make money.
Similarly, many people's decisions in seemingly simple life choices are not due to a lack of cognition, but to the limitations of resources. For example, a person who cannot enter the financial industry is not because of a lack of intelligence, but because the environment and resource conditions he is in have limited his choices.
There is a key point that needs to be emphasized here: cognition has no high or low, but the world is divided into large and small. The world you are in determines how many resources you can obtain, and also determines the boundaries of your cognition. Some people's worlds are very large, they have more resources and opportunities, and can obtain help and guidance through various channels. While others are trapped in a small world, facing all kinds of difficulties, their cognition may not be poor, it's just that their choices are constrained by external conditions.
Cognition and resources are closely related, so understanding the relationship between the richness of resources and the depth of cognition is crucial for success.
Ultimately, cognition and wealth are in dynamic balance. In my personal experience, from a small county with relatively few resources to where I am now, although I have not achieved financial freedom, at least I have no worries in life. I believe that my current cognition and account balance have reached a balance. But what the future holds, no one can foresee, perhaps failures caused by cognitive errors, but I will try to avoid going that far.
Many people have fallen from the peak, and wealth has slipped through their fingers, but the relationship between cognition and position is always dynamic, and fate is often just a moment away.
Finally, there is still a lot that has not been written in, such as specific opportunities, specific decisions, these things are often not something that can be summarized in an article.
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