How many times have your assets multiplied since entering the crypto world?

From owing over a million when entering the crypto world in 2017 to making and losing money now, I still have a few tens of millions. My initial assets were negative, and it's really hard to calculate the multiples.

In short-term trading, the gains and losses are actually not significant; the real profits come from an understanding of this world, or rather, an understanding of the financial system.

Let's talk about the Chinese yuan, US dollar, exchange rates, Nasdaq, Bitcoin, printing money, and the state machinery.

The exchange rate is essentially a quietly flowing dark river. Converting 100 US dollars to 700 Chinese yuan seems like a fair trade, but in reality, it pushes you onto two snow-capped mountains at different slopes:

The slope is steep, the snow is thick, and the wind direction is favorable on the dollar side.

The RMB here has a gentle slope, thin snow, and melts quickly.

Which side are you on? The gap in a few decades is not linear; it is of the kind that you can't even see the end with the naked eye.

The state machinery of major powers like China, the US, and Europe solves problems in a crude yet effective manner:

Directly printing money

The severity of the consequences is not important, because the state machinery is not a single individual; it will not be responsible for the future.

Printing money is the first half.
The latter part is the era of big finance.

The independence of the central bank continues to weaken, and fiscal expansion continues; these are all clear indicators, not guesses.

Asset prices will always align with the total money supply.

Not aligned at all times, but the trend must be aligned.

The pendulum effect causes assets to be overestimated or underestimated in the short term, but the pendulum will eventually return to the center.

The total amount of currency is that central line, asset prices go around and around, and in the end, they will still be dragged back.

After understanding these three underlying structures, whether you are buying Q, regularly investing in BTC, or buying the Nasdaq index, it is fundamentally not a primary issue.

There are only two real cores: choose a tool that you can play with for the long term, and then stick with it.

Nasdaq and Bitcoin are essentially two different highways, but they both lead in the same direction: moving you from a world of linear growth to a world of exponential growth.

The Nasdaq is the shell of a mature national machine, the result of American technology companies industrializing innovation.

When you buy Nasdaq, you are not buying a bunch of companies; you are buying America's ability to squeeze the world's best brains dry and turn that efficiency into stock prices.

In the past twenty years, this system has relied on technology and the dual drive of the dollar system to siphon global profits into its own hands. As long as the U.S. does not collapse, the Nasdaq will not drop below the long-term trend line.

Bitcoin is another extreme

It does not rely on the state apparatus, but rather on computing power, energy, protocols, consensus, and miners.

You are buying an asset that is not subject to forced dilution by any country.

Others have an unlimited total supply of currency, while your BTC total supply is fixed. Other assets are dragged away by the national machinery based on total supply, while BTC is pulled away by the algorithm itself. The directions of the two are different, but the forces are both irresistible.

But both have common characteristics: strong volatility, long trends, short-term killing mentality, and long-term killing ignorance.

In the long term, the Nasdaq represents the leverage of accumulated human technology, while Bitcoin represents the second river of the monetary system.

One is efficiency logic, the other is scarcity logic. Putting money in these two places is essentially moving oneself from relying on salary increases to make a living, to relying on global capital structures to reap dividends.

The Renminbi world talks about stock game.

The U.S. capital markets focus on incremental creation.

The secondary pricing of Bitcoin as a scarce asset.

Choosing the wrong path, no matter how hard you try, is just in vain.

Most people do not fail due to their choices, but rather they die from wavering halfway.

The Nasdaq's pullback will wake you up, while Bitcoin's crash will leave you devastated.

Whether you can hold on or not determines whether you will be liquidated or lifted by the trend.

The thrill of earning dollars and spending in renminbi is something only those who have truly experienced it can understand; it’s a visceral level of disparity.

Choose the right cousin and stick to the trend. The real money is not in the operations, but in the patience and the compound interest of understanding.

You can trade US stocks using @MSX_CN, and of course, you can also buy BTC on it.

Hahaha, good luck everyone