If it keeps falling, keep buying

In the recent currency circle, no matter whether it is good news or bad news, it has not stirred up any waves at all. This atmosphere of numbness and silence is even worse than when the bear market hit its trough earlier this year.

Before that, although the market's decline all the way was bloody for investors, at any rate, investors had become accustomed to facing the decline, and they were relatively calm about the decline. The meat that should be cut has almost been cut.

However, the current market has gone from the bottom at the beginning of the year to the peak in June, and then unexpectedly fell sharply. How will the market go down? Will it continue to fall or rebound? None of the signs were obvious. No one can give a definite answer, and no one can have a clearer prediction of the market.

This feeling of hesitation and confusion seems to throw investors at a crossroads. Whether they look left or right, what they see is an endless "black hole".

Faced with such a market, a friend suddenly asked a question during a chat: What should we do if this market continues to last for a few years?

I thought of a past event of Mr. Li Ka-shing.

Li Ka-shing is the leading business genius in the global Chinese circle in recent decades. From making plastic flowers in the early years to fully developing commercial real estate later, and extending to the global industrial layout, he has survived the ups and downs of Hong Kong for more than 50 years after World War II. There are many things worth learning and pondering for our younger generations place.

In 1958, Li Ka-shing, who had just passed his thirties, gritted his teeth and bought a piece of land in North Point, the most prosperous area in Hong Kong, and began to enter real estate. However, shortly thereafter in 1967, riots broke out in Hong Kong, land prices plummeted, and completed properties were sold at low prices, but no one cared about them. The construction industry was directly paralyzed, and the whole society was panicked and fell into anxiety.

At this point, Li Ka-shing chose to enter the market, buying a large number of low-priced land, old buildings, and even unfinished buildings that no one took over.

Li Ka-shing said at the time, "The Yangtze River just needs to wait patiently for property prices to pick up. If it still falls, then continue to buy."

By 1970, the housing market began to bottom out, and the expected huge returns began to materialize. With this round of hoarding and selling, Li Ka-shing quickly established Cheung Kong Industrial Co., Ltd.

In 1972, Cheung Kong went public.

In 1973, Cheung Kong shares were listed on the London Stock Exchange.

In 1974, Cheung Kong shares were listed on the Vancouver Stock Exchange.

So far, Li Ka-shing has real estate on his left and the stock market on his right, and he has quickly become a new force in the Hong Kong business community.

From 1967 to 1970, Li Ka-shing lay in ambush for three full years in this ambush that established Li Ka-shing's status in the business world.

The reason why Superman is Superman not only has advanced business vision but also has superhuman courage and patience.

This kind of vision, courage and patience are not obvious in the bull market, because in an environment where "pigs can fly", individuals only need to stand in the wind, and they can be pushed forward by the power of the trend without even using force . So people who stand in the trend seem to have little difference.

In a bear market, without the blessing of external forces, personal vision, courage and patience are the foundation for you to survive the cold winter, and also the foundation for your career to flourish in the future.

After Hong Kong's economy gradually flourished in the late 1960s, Li Ka-shing saw the future prospects of the real estate industry, so he took root here. He boldly entered the market when the market was sluggish and others shrank, bought cheap chips, and waited patiently for three years. This laid the foundation for his future prosperity.

Digital currency is undoubtedly a very promising industry and investment field in the future. For us digital currency investors, we have undoubtedly chosen the trend of the times when we are rooted in this industry, and the current depressed market should just be our courage and temper Patience, time to collect chips.

Back to the question my friend asked: What should we do if this market continues to last for a few years? My answer is, like Li Ka-shing, if it still falls, then continue to buy in batches.