At the end of yesterday's article, there was a comment:

"So this year I realized a truth: in the crypto world, only two types of people can make money, true believers and mindless fools who buy recklessly."

Seeing this statement, I felt a lot.

Mindless fools who buy recklessly are not normal people, so we won't discuss them.

Let's talk about true believers.

A person's belief must come from their inner values; without the support of values, belief cannot even be discussed.

In my view, crypto assets are the most value-laden assets among all financial assets. Investors without underlying values as support find it hard to understand the value, core, and driving forces of this ecosystem, and it's even harder to see the truly promising directions and ecosystems in crypto, let alone seize the wealth opportunities brought by crypto assets.

Bitcoin has experienced countless crashes since its inception, even suffering multiple drops of over 50%. Yet, after each crash, it always manages to rise again, breaking previous highs and continuing to innovate.

So what drives it to recover from the depths and keep rising in price?

I believe the fundamental reason is faith—this is precisely the key dividing line between believers and the general public.

For ordinary financial assets, such as stocks, if they can rise again after a crash, we can easily understand it. They either revive their performance, develop new business models, or open up new business scenarios.

But what about Bitcoin?

It doesn't generate interest, produce goods, have centralized credit, or have practical uses… We can list a whole bunch of points showing its lack of value and find no "useful" points.

These doubts and dangers were particularly evident in its early development.

Therefore, we can provide a thousand reasons to prove that it has no possibility of rising again.

The general public absolutely lacks the motivation and drive to push it back from the depths; only its believers are the core driving force that repeatedly pulls it up from the bottom and propels it forward.

Every time it falls to the bottom, due to the persistence of existing believers and the entry of new believers, its core strength increases, its consensus continues to strengthen, ultimately leading to a quantitative change that causes a qualitative change, and the price reaches new highs.

Why do people develop such faith? Why do believers increase?

Because anyone who has seriously read the Bitcoin white paper and is willing to understand its spiritual core cannot help but be inspired by that core and cannot help but hope to see the future envisioned in that white paper.

However, there are not many who have truly read the Bitcoin white paper. I believe that to this day, at least 60% of users participating in the crypto ecosystem have not read the Bitcoin white paper seriously and completely.

Users in the crypto ecosystem are like this, let alone users outside the ecosystem.

Once, while writing an article, I shared a piece by a stock analyst I often follow. That author is very smart, has read many ancient texts, understands various data well, and has many insightful viewpoints; he is also a guest at several securities firms.

However, in one of his rare comments on Bitcoin, his understanding of "decentralization" was completely a popular understanding. He understood "decentralization" as the elimination of centralized institutions, concluding that this is impossible.

In fact, if he had read the Bitcoin white paper, he could not have reached such a conclusion, because this is not what Satoshi Nakamoto defined as "decentralization."

I, who am highly vigilant about blockchain "centralization," have publicly shared my views when writing articles, especially about Ethereum: the development and promotion of Ethereum must be "centralized," led by figures like Vitalik to advance Ethereum's progress.

Centralized institutions certainly cannot and should not be eliminated.

So what exactly is "decentralization"?

Reading the Bitcoin white paper, the Ethereum white paper, and Vitalik's articles will provide a different understanding from the general public.

Such a smart author has such a basic understanding of this core concept, so one can only imagine how much less the general public understands.

So over the years, we have seen many people who were early adopters of Bitcoin leave for various reasons.

Why?

Because those previous lows ruthlessly threw them off. And the only ones who can stay at the bottom are the believers and the "fools."

Some pioneers in the crypto ecosystem are like this, let alone those who have been watching Bitcoin reach new highs for over a decade without understanding it and still remain bystanders.

Of course, one day the public will also "believe" that Bitcoin has value, but that won't be because they truly think Bitcoin has value; it will be because centralized institutions tell them that Bitcoin has value—Bitcoin has become a reserve asset for the U.S., the French government has started mining Bitcoin, XX country has begun to legalize Bitcoin, …

But before that, it is still pointless to try to "convince" and "educate" the public.

So I often advise our audience during online discussions:

In daily life, do not casually introduce crypto assets to those around you, and do not actively promote crypto assets.

First, respect others' destined paths; second, the public has many misunderstandings that cannot be truly eliminated without reading, researching, and trying to understand.

In this situation, introducing and promoting is meaningless; even when discussing such topics with friends, it is essential to know when to stop, not to correct, and certainly not to argue.

For ourselves, if we can understand the core of this ecosystem and its values, it is a blessing; we should cherish this blessing, and the rest is about whether we can act in accordance with our words and deeds.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。