Is it time to add to your position?

Source: Liu Jiaolian

This is the 17th article in the "Ten Years' Agreement" series - "Ten Years' Agreement #17".

This increase in position is the first increase in February and the 11th increase since the plan was implemented. The transaction price was 42858.5 u. After the investment, the position was 5.32 million Satoshi, the holding cost was 31181 u, and the yield was 36%.

Some people pretended to be surprised after reading the real offer records and asked, "Have you added such a small amount in a long time?"

Stupid remarks like this always make people laugh or cry. Just scold him harshly, it's impossible to enlighten Yu Mu's head. The Buddha does not save those who have no destiny, let alone me, an ordinary person? Maybe silently ignoring is the greatest respect for stupidity?

I saw Taleb, the author of "Black Swan" this morning: "There is only one rule in finance: don't talk to idiots."

So, how can we test whether it is stupid? Taleb once said another sentence in his book: "If a stupid thing can make money, then it is not stupid."

So, stupid people like to talk nonsense, while smart people only focus on whether they have made money and whether the rate of return is positive.

Of course, seemingly superficial truths are often more profound than commonly imagined.

Among the smart people who focus on making money, another large number will be harvested. Why? First, because they are so smart that they cannot distinguish the difference between making money temporarily and making money all the time.

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Secondly, because they think they are making money, they are actually just making an illusion of rising profits.

Thirdly, because they thought they were making money, but in fact, the sickle was just a tool invented to harvest them.

Fools are therefore divided into many categories. But no matter what kind of fool he is, he will never admit his stupidity.

The author does not know any profound and mysterious knowledge, and only uses one criterion: a person's stupidity is inversely proportional to the increase in the number of Bitcoin satoshis in his hands.

Zeng Guofan used "Bingjian" to recognize people, and taught Lian to use "Congjian" to recognize people.

As for those who can’t even tell the difference between real smart money and fake smart money (such as BRC-20 sats)... Well, it’s better to take another look at Taleb’s advice above.

When the false becomes true, the true is also false, and there is something inaction and nothingness.

Is "escape from the top" liquidation really smart? Is it wise to “invest” your BTC in awesome projects? Not really. They are probably all stupid people who have been self-brainwashed by illusory dreams and think they are smart.

If the price rises, several times, ten times, or dozens of times, will you become smarter or less stupid? Not really. That's just a self-satisfied, greedy feeling about oneself. Once a person drifts away, he will soon encounter a head-on attack.

On the contrary, the price has dropped, or even plummeted, cut in half, or been cut off from the bottom. Have you become stupider because of this? not at all. On the contrary, when you are beating your chest, frustrated, despairing, and convinced that you are an idiot or a fool, that is when you are the smartest. Because the price falls, you can use the same cost to obtain greater growth in the number of BTC, which means you can increase your intelligence and wisdom faster, and reduce your ignorance and stupidity faster.

People’s self-perception is disordered, especially in the financial market.

If you can be more realistic with yourself, find a right yardstick, and don't seek wealth, it shouldn't be difficult to achieve small success in the financial market.