The market is plummeting, and someone asked me to recharge my faith.

Then I'll casually say a few words. I said long ago that when the market is rising, it's all good news, like how digital gold is going to surpass gold, the new asset class in the U.S., a unique energy currency, and the boundless future of hedging against fiat currency inflation. When it drops, it's all bad news, like quantum technology cracking private keys, being controlled by the Americans, and thus no longer being decentralized, Bitcoin not generating any returns, and the crypto space is going to die completely.

These messages are all emotional noise. If you listen, believe, and act on them, you are contributing to their attention flow. They earn traffic fees while you lose your assets. You are a huge, huge, huge retail investor. You need to have some courage. If Bitcoin really goes to zero, then let it go to zero. At worst, you lose everything, and you pay for your own understanding. What are you afraid of? If you don't have this kind of courage, how can you think about becoming a wealthy person? Why should it be your turn? Just focus on tightening your screws.

The total market value of cryptocurrency assets is so small compared to gold, which is at 34 trillion dollars. Remember a few years ago when gold was only 11 trillion dollars? But some people think buying 34 trillion dollars' worth of assets is not scary at all, saying gold is a necessary asset for families, while Bitcoin at 1.4 trillion dollars is too high. What perspective are they looking from?

Gold at 11 trillion can triple; what's so surprising about Bitcoin at 14,000 increasing tenfold later? After all, there is currently no globally recognized currency that can replace gold. Gold is the first natural currency of consensus, while Bitcoin is only 17 years old, which is still just a young boy. Young people are naturally fragile; they need some time. Most people only start to mature after the age of 25, and mature people tend to have stable temperaments.

Getting rich is always slow. Most people just don't have the ability to make quick money. In fact, even those who have the ability have lost money in this round. If you admit you don't have the ability, you won't think about making quick money. Holding onto coins is the right path.

Also, there are people who flaunt their contract gains after the market crashes. No matter how much they earn, I feel their moral understanding is really low. Everyone is losing money, and we are all in the same industry. When the market rises, flaunting is fine; I think it’s nothing. You earn more, and others earn less, and at most, people will be a bit jealous. When everyone is losing and doubting life, flaunting explosive profits to satisfy their greed is more than ten times the joy, but the malice they endure is also ten times. At this moment, the way of heaven will arrange it for them clearly.

Also, the current prices that can drop to what level for bottom-fishing is meaningless. Very few people can do it; 9 out of 10 will miss it. This greed to buy at the lowest price comes with the cost of missing out.

This morning I saw there was 30,000 in my Alipay, which I earned from buying gold. Haha, so I bought 30,000 worth of pancakes and transferred them to my wallet. If I have extra money later, I will continue to buy.

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Yesterday, a friend who owes me 100,000 called and said he didn't make any money this year and can't repay me. I had no choice. He said he couldn't even repay a few thousand a month, so I had to accept it.

About the money he owes me, I thought about it while I was sleeping last night.

This afternoon, I called him and told him three things.

I said, 'First thing, 100,000. Have you ever thought about not repaying me? Did you ever have the slightest thought about it?'

He said he never thought about it because he never made any money for me, nor borrowed any money from me, and he never gave me any other favors.

I said, 'Second thing, if you can't repay the 100,000 today and they would arrest you and shoot you, would you repay it?'

He said, 'Then I would call my parents. I can only ask them for help. They definitely wouldn't want to see me die and would find a way to borrow 100,000 to repay me. If they just arrest you and don't shoot you, they are already over 70 years old, so I won't trouble them. I will ask friends for help first.'

I said, 'Third thing, I’ve thought it over. Since we are all friends, let's treat this 100,000 as a gift to you. You don't have to repay it.'

He said, 'That's unnecessary, I must repay you.'

I said, 'Let me finish first.'

First, borrowing money is my fault. I must pay for my mistakes. Letting you not repay means I am admitting my own fault.

Secondly, I am a perfectionist. I can't have flaws in my thoughts. If you owe me money that you can't repay, it bothers me, and if I don't have to think about repaying it, I can move forward without burdens. You won't feel like you owe me money when you see me in the future, and that way you won't resent me because of it. Let's exclude that factor for now.

He said, 'Then let's leave it at that. I will still remember that I owe you 100,000.' Then he hung up.

I have two reasons for choosing to do this

First, he said she never had the thought of 'not repaying,' which actually means he never had the thought of 'repaying.' If he had the thought of 'not repaying,' it also means he had the thought of 'repaying.' Either he is lying to me, and if he is lying to me, then it makes no sense for me.

Secondly, my active choice to not require repayment is detrimental to me. I am doing it to prevent losing out in the end. In name, he does not owe me money anymore, and we are no longer in a creditor-debtor relationship. I have completely lost 100,000. After saying this, I cleared the account and felt refreshed. My troublesome thoughts disappeared completely.