Bitcoin Talk 011: Keep at Least One Bitcoin in the Market, and a Month of Steamed-Bun Money Outside It

Many years from now, people will look back on those distant years when Bitcoin was regarded as a Ponzi scheme — and could still be owned by ordinary people!

Even if only 2% of the new leeks settle in and stay, that is a massive number. Once a leek brings money in, they are infected by digital currency; even after a beating, they keep coming back for more, undeterred. And the infected will infect newcomers in turn, bringing in wave after wave of new leeks.

If you want to issue your own coin as an individual, Southeast Asia is the first choice: find a few local gentry whose families went south to Nanyang back in the day and made good, run a private placement, and coordinate a pump. Harvest your way along the Belt and Road, in step with the internationalisation of the renminbi. DECP will certainly need to slowly find overseas buyers to take the other side — just playing among ourselves with some trial in Kunshan is no fun at all. This needs state support. Our economic situation is good right now, there’s no pressure in issuing more DECP, add a few more zeros, it costs nothing.

The so-called serious fiat currencies issued by the central banks have become the joke; and the joke that is Dogecoin might just become real money. That’s how ironic the world is! If Dogecoin succeeds, what a mockery of the traditional banking system — picture it: bank entrances with a dog’s head standing over the door!

Forget your Bitcoin private keys. It is an act of charity, like Satoshi: never cash out.

Why does it rise? Because it hasn’t risen enough. Why does it fall? Because it hasn’t fallen deep enough. Why do you get harvested? Because you haven’t been harvested enough.

Unity of knowledge and action: if you have conviction, you must pay for that conviction. Make sure the amount of Bitcoin you hold is worthy of your understanding of Bitcoin.

At all times, keep at least one bitcoin in the market, and at least one month of steamed-bun money outside it.

When you 1. slightly want to sell at a loss, 2. badly want to sell at a loss, 3. desperately want to sell at a loss — do the opposite and go in with 30%, 60%, 90% of your off-market funds respectively.

Google took 22 years to reach a trillion-dollar market cap; Apple took 42 years. Bitcoin reached a trillion-dollar market cap in just 13 years.