Bitcoin’s “Catch-21”

BTC stood at 65k overnight. Everything keeps proving this point: Only those who have a stronger belief in BTC during the decline are eligible to hold discounted BTC."When BTC goes up, it is so fast that people have no time to get on the train. Only long-termists who hold firmly will not miss every rapid rise.

In the past five or six years of teaching chain through bull and bear, writing furiously, I have seen countless people who failed. Although it is said that happy people are similar, and unfortunate people have their own misfortunes, all these losers of all kinds have some commonalities, such as: always complaining, always waiting, never learning, keen on taking shortcuts, etc.

Pull out the comments under the article in recent days, all kinds of negative energy are overwhelming, some complain about the bad environment, some are pessimistic and desperate and think that the bull market has ended, and some are unreasonable abuses to vent emotions. Apart from the kind of stuff like "get paid to post and kill your whole family", the rest of the negative energy commentators who are full of hostility have failed in life. Rather than saying that they are full of negative energy because of failure, it is better to say that they fail because of their negative energy.

He who conquers others is powerful, and he who conquers himself is strong. The spirit of the Chinese nation has always been self-improvement and tolerance. God has the virtue of loving life, but he only helps those who help themselves. If you want to succeed, start with self-cultivation, abandon the negative energy in your body, and actively inject positive energy into yourself. Study hard and love labor. Work responsibly, love the country and the family. Strengthen your body and embrace life. Don't do decadent things, don't say discouraging words. Get rid of bad habits and cultivate good habits. Don't be arrogant when you win, and don't be discouraged when you lose. Don't do good things because they are small, and don't do bad things because they are small.

It should be remembered that people who accumulate good will surely have more blessings. Those who accumulate evil will surely suffer the consequences. The net of heaven is vast and wide, and nothing can escape it. Let us encourage each other.

Below, Jiaolian will introduce the "21 military rules" about Bitcoin summarized by Michael Saylor, the boss of MicroStrategy, a famous BTC hoarder. This is what he proposed to provide insights and guidance for understanding and investing in Bitcoin.

Article 1: Understanding and criticism.

People who understand Bitcoin buy Bitcoin, and those who don't understand it criticize Bitcoin. If you really understand Bitcoin, you can't help but buy it. Critics often lack this understanding and are skeptical of Bitcoin.

Article 2: Initial opposition.

Everyone opposes Bitcoin before they support it. Many individuals and institutions initially oppose Bitcoin. This opposition often stems from a lack of understanding or fear of change. At first, people may be dismissive of Bitcoin, but as they learn more, they begin to discover its value and benefits.

Article 3: Keep learning.

You have mastered Bitcoin when you realize that you will never fully understand it. There is always more to learn about Bitcoin, whether it is technology, economics, or social impact.

Article 4: Driven by chaos.

Bitcoin thrives on chaos. The randomness and huge possibilities of private keys contribute to the security of Bitcoin. This chaos ensures the resilience and decentralization of Bitcoin.

Article 5: Win-win for all.

Bitcoin is the only game in the casino where everyone can win money. In the traditional financial system, the dealer always has the upper hand, but Bitcoin is different. It provides a fair competitive environment for all participants.

Article 6: Go all in.

Bitcoin can’t protect you if you don’t wear armor. You need to be fully invested in Bitcoin to get its protective effects. Partial investment does not protect you from financial instability.

Article 7: True Ownership.

Bitcoin is the only thing you can truly own. Unlike physical assets, which can be confiscated or restricted, Bitcoin is protected by your private key and truly belongs to you.

Article 8: The price is what it deserves.

Everyone buys Bitcoin at the price they deserve. Your understanding of Bitcoin and your timing will affect the price you pay. The sooner you understand the value of Bitcoin, the better the price will be.

Article 9: Safe Investment.

Buy Bitcoin with money you can't afford to lose. Saylor subverts traditional ideas and believes that Bitcoin should be a primary investment rather than a speculative investment.

Article 10: Escape from the "Matrix" (Note from the Teaching Chain: the powerful system in the movie "The Matrix").

The ticket to escape the "Matrix" is denominated in Bitcoin. Bitcoin provides a way to escape the traditional financial system, giving you freedom and control over your wealth.

Article 11: Selective Insight.

This means that only those who really need it can gain knowledge and insights about Bitcoin. People at the top of the Cantillon Effect, such as politicians with significant power or leaders of large banks, do not need to understand Bitcoin. These people are already doing well, and will continue to do so, because the Cantillon Effect allows them to never lack fiat money. Only those who need it will learn about Bitcoin and understand why it is necessary.

Cantillon Effect Explained

Let's explain the Cantillon Effect here to clarify: In the current fiat currency system, it refers to the fact that those who are close to the creation of money benefit first. Newly created money benefits those who are close to the source before inflation, allowing them to profit more than others. What's interesting here is that people often say that you need a lot of wealth to invest in Bitcoin. However, Article 11 shows that those who need to save and protect their value are those who quickly understand and accept Bitcoin, not those who thrive in the current system.

Article 12: The Destruction of the Model.

This applies not only to financial models, but also to political models. All models as we currently know them will break down. Just like the analogy of "no spoons" from The Matrix. Once you dive deeper into Bitcoin, many other aspects of the world and financial system become clear and the old models break down.

Article 13: The Orange Pill.

Bitcoin is the solution to the problems of the current fiat monetary system. This analogy with The Matrix shows that Bitcoin is the solution to the economic problems we face today.

Article 14: Positive Promotion.

If Bitcoin is as good as we think it is, there is no need to fight the current system. Emphasize the benefits of Bitcoin, not attacking fiat currency.

Article 15: Universal Availability.

Bitcoin is accessible to everyone, including those you may consider political or personal opponents. No third party determines who can or cannot use Bitcoin.

Article 16: Think in Bitcoin.

Stop thinking in terms of fiat currency. When you start to think of Bitcoin as the standard, you will become more selective about your investments.

Article 17: Bitcoin is immutable.

Bitcoin changes your perspective, thinking, and lifestyle. You won't change Bitcoin, but it will definitely change you.

Article 18: Laser Focus.

The laser eye symbolizes the focus on Bitcoin. This focus can help you stay away from scams and misinformation.

Article 19: Respect Bitcoin.

If you don't respect Bitcoin, you risk disgracing yourself. Many people who try to change or discredit Bitcoin end up looking foolish.

Article 20: Never sell.

Don't sell Bitcoin, especially not to big companies or governments. Keep it as a hedge against the fiat currency system and inflation.

Article 21: Spread with love.

Spread Bitcoin with love and patience. If you have talked about Bitcoin with others, it means you care about them. Please give kind support in their process of learning about Bitcoin.