Bitcoin's Decade: Lang Xianping's Prediction, Your Reflections?In 2014, economist Lang Xianping famously said on a television program, "You can give me Bitcoin, I won't take it." This became a classic line in the cryptocurrency community
Bitcoin's Decade: Lang Xianping's Prediction, Your Reflections?
In 2014, economist Lang Xianping famously said on a television program, "You can give me Bitcoin, I won't take it." This became a classic line in the cryptocurrency community. That year, Bitcoin's price plummeted from $1,000 to $320, seemingly becoming a hot potato. Today, Bitcoin's price has increased over 45 times, leading many to ridicule Lang Xianping's judgment and cognitive abilities, calling him "bad at math and stupid."
From Bitcoin's perspective, that's true. However, we shouldn't evaluate a person or event solely based on good or bad, black or white. Lang Xianping is a certified economist whose insights and sharp criticism of the Chinese economy deserve our respect. If an economist couldn't anticipate Bitcoin's development, what's so strange about ordinary people missing the boat?
Bitcoin's decade has been a rollercoaster ride of ups and downs. When it plummeted from 7000 yuan to 3000 yuan, many people were discouraged. Yet, within a few years, it surged to 150,000 yuan. This led to internet celebrities and influencers jumping on the blockchain bandwagon, proclaiming "The blockchain revolution has arrived!" However, when Bitcoin dropped back to 20,000 yuan, a single government policy brought the cryptocurrency market to a standstill.
Like many others, I was initially drawn to Bitcoin's technology and investment potential. But after experiencing bull and bear markets, I began to understand the market's mechanisms and realized my own limitations. Just like the widely circulated image of "Ignorance breeds arrogance," reality delivers necessary blows, pushing us into despair. Yet, it is this despair that compels us to reflect, analyze, and learn from our mistakes.
"When man thinks, God laughs." Recognizing our own ignorance is the first step towards growth. Some things are beyond our control. Learning to forget and let go can be the right choice.
With time, you'll understand that there is no "cryptocurrency community," just a group of people pretending to be sophisticated and self-important. You and I are all ordinary people, mere pawns on a chessboard.
No one can predict Bitcoin's future. But one thing is certain: regardless of whether it changes the world, it's merely a tool, a carrier.
Like the saying, "Success isn't mine to claim," we shouldn't be obsessed with Bitcoin's price fluctuations or fantasize about changing the world through it. What matters is that we can learn from this "rollercoaster ride," improve ourselves, and enjoy life's pleasures.
After all, life is full of regrets, and only by experiencing the process can we truly comprehend its meaning.
[Cryptocurrency Tales] The Once "480,000 Yuan Bro" Goes All-In on 100 Bitcoins
In 2014, a man used his 7-8 years of savings, 480,000 yuan, to purchase 100 Bitcoins. But eventually, unable to withstand the pressure of the price drop, he sold his holdings at a loss. Today, those 100 Bitcoins are worth 45 million yuan, enough to buy all the houses in China.
This man's story prompts us to ponder: Is it more frustrating to want something but not be able to get it, or to buy it only to ultimately lose it?
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