64% of bitcoins have not moved for a year, hoarding coins is a kind of future savings

We will see this phenomenon in the investment field: entrepreneurs who are very successful in the corporate world often suffer terrible losses once they enter the investment world with large sums of money. Why? Because the thinking and cognition required for investment are different from those required for business. What most entrepreneurs hope to see is the effect of "short, flat and fast", so they enter the investment field with huge sums of money for countless "exciting" stories of sudden wealth, hoping to replicate the "short, flat and fast" way of making money.

This is not only the case for entrepreneurs, but also for many novice investors. After hearing too many stories of getting rich, they fantasize about replicating the stories of getting rich on themselves.

But when we look at the annualized rate of return of top investors in the investment world, we often can’t believe our eyes: Buffett’s average annualized rate of return for decades is actually less than 20%.

Such a rate of return will surprise many people. But this is the truth.

For those who are immersed in the stories of getting rich, I always suggest that they read more about the suffering and ups and downs that those getting rich have suffered, think about whether they can bear the pain and suffering under that situation, and then ask why Others can get rich, but I can't.

Recently, I met a few friends in the investment field. When I talked about "value investment", I seemed to be disapproving, and then asked me a little impatiently, what should I buy if I want to buy digital currency now?

I could see in their eyes that they wanted me to tell him about the "breed" that would make him rich. I said "for now you just need to focus on Bitcoin and Ethereum". As soon as the words fell, the mouthful of Pu'er tea in their mouths almost spewed out.

I am sure what they are thinking is: I understand this simple truth, do I need you to explain it? In fact, they think they understand this simple truth, but they don't actually understand it. Not only them, many investors are like this.

I searched for him thousands of times in my dream, but suddenly I looked back, but the man was in a dimly lit place.The "hundred times project" you are looking for may be a needle in a haystack, but the real "ten times project" is in front of you, but many people just turn a blind eye and are greedy.

Some people may ask, why does Bitcoin go up?

If you invest in this field, be optimistic about recognizing this understanding, rather than using a speculative mentality to make a profit and keep people away. It is a basic consensus that Bitcoin can rise, and it also means the upward development of the entire industry.

People will also ask me: Will Bitcoin fail, will Bitcoin fall to zero? My answer is always: of course it is possible. Not only is Bitcoin likely to fail and fall to zero, but the universe actually has a day to die.

When an investor lacks some basic cognition, he will understand some phenomena in specific fields according to general laws. Just asked the question of whether Bitcoin will fall to zero.

When I said that it is possible to fall to zero, the second half of the sentence I didn't actually say was "In my opinion, the probability of this falling to zero is actually far less than the probability of rising to the sky."

This is a threshold of thinking that must be crossed first to invest in digital currency. If you haven't even crossed this threshold, then naturally you won't be able to enter this gate.

The vast majority of so-called big investors are like most retail investors. They are just retail investors with a large amount of funds, and they will only be big leeks in this market after all. As a long-term investor, what you want to cut is such a "big leek".

According to the data analyzed by Cointelegraph today, more than 60% of Bitcoins have not had any transfer behavior in the past year or so.

That is, among the approximately 18.08 million mined out now, there are 11.58 million, accounting for about 64%. Since 2018, holders have never transferred money, and hoarding Bitcoin is a kind of future savings.