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There is a paradox in investing, which is choice.
This paradox is especially true when it comes to crypto investing.
The paradox of choice is: be extra cautious and choose none, and you may miss a huge opportunity. If you actively place bets, none of the ones you choose will be big opportunities, but the few you miss will become big opportunities. All the bets were made, the funds and energy were overly dispersed, and every opportunity was a bet the size of a mosquito's blood. When the opportunity came, the position was too light, and it was really impossible to seize a few points.
The best option is to bet heavily on a small number or even the only target, which happens to be one of the biggest opportunities that is about to explode. However, the probability of making the best choice is really low.
From a mathematical point of view, we can strictly reason and conclude that making a lot of money through investment is a small probability event.
On the other hand, the concept of making big money is itself defined by small probabilities.
We can imagine that there is now a way to make a lot of money that everyone knows and can do. Any ordinary person, as long as he masters this method, can earn a small goal (100 million) in three years.
Needless to say, based on the current 3-5 million people speculating in the Chinese currency circle, each person is 100 million, which is about 300-500 trillion (equivalent to about 40-70 trillion U.S. dollars). At present, the total market value of the entire global encryption market is about 1 trillion US dollars, which is not enough for one person to have 100 million US dollars. If you earn 100 million, you will be considered a rich man not only in real life, but also in the crypto community.
However, if everyone really had 100 million, would you still consider yourself a rich person? Will not. You will feel like you are still poor.
In the 1980s and 1990s, in most parts of China, households with a savings of 10,000 yuan were already considered rich and envied by others. But today, there are many people who have a deposit of 10,000 yuan, but who else thinks that they are rich if they have a deposit of 10,000 yuan?
The principle is the same. If you earn 100 million, and everyone earns 100 million, you will not think that 100 million is very rich. Ten thousand yuan is like this, one hundred million is like this, and ten billion is like this.
Many people don't understand money. Your wealth is essentially defined by the poverty of others. In the same way, your poverty is defined by other people's wealth.
The difference is: the human heart's definition of wealth is expansion, while the definition of poverty is contraction. To be rich is to be richer than most people. The fact that you are richer than a poor family in Africa does not make you feel rich. On the contrary, being poorer than a very small number of people makes you feel poor. Although statistics tell us that less than 1% of people have assets of tens of millions and an annual income of more than one million, yet everyone is staring at high-income people and the richest man, feeling their own poverty. On social media and short video platforms, all you can see are (packaged) high-income people, which further amplifies people's sense of poverty.
Therefore, there is no investment method that everyone can know and master to make big money. If they all make a lot of money, it means that none of them make a lot of money. Everyone becomes relatively rich, which means everyone is relatively poor.
Measuring poverty and wealth with money and numbers is meaningless. Real material wealth and spiritual wealth are real. Hoarding money itself is a sacrifice, sacrificing the possession and consumption of real wealth. Good money will give reasonable compensation for this sacrifice. Bad money fails to live up to such a frugal and sacrificial spirit, thereby pushing the entire society towards consumerism to save the overproduction of capitalism.
* * * Original work by Liu Jiaolian * * *
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(Public account: Liu Jiaolian. Knowledge Planet: The public account replies "Planet")
(Disclaimer: None of the content in this article constitutes any investment advice. Cryptocurrency is an extremely high-risk product and may return to zero at any time. Please participate with caution and be responsible for yourself.)