# ETH

*BITCOIN*

By [suosuoj](https://paragraph.com/@suosuoj) · 2024-12-12

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**Bitcoin: The Ancestor of All Cryptocurrencies**

*   Bitcoin is hailed as the ancestor of all cryptocurrencies, with Ethereum reigning as the king of public blockchains. All other coins seem to serve Bitcoin's purpose.
    

**Trading vs. Holding: The Struggle for Rest**

*   Engaging in the low-buy, high-sell strategy can yield profits, but it's exhausting and sleep-depriving. Holding onto your coins is a more relaxed approach.
    

**Scams in the Mining Industry**

*   The sale of mining machines is often a scam. If selling them was profitable, would you be the one buying them?
    

**Bao Erye and the Influence of Li Xiaolai**

*   Bao Erye was influenced by Li Xiaolai's lectures. Had it been a Ponzi scheme instead of Bitcoin, he would have been just as swayed. Yet, fortune favors the foolish, and he remains quite astute. Enlightenment strikes in an instant, leading to an explosive growth in intelligence and a moment of realization.
    

**Self-Improvement: Books and Experience**

*   There are two primary ways to elevate oneself: through reading books and learning from one's mistakes.
    

**Humility in Success**

*   When you make money, never let it go to your head. Your success in the cryptocurrency market is likely due to the era you live in, good fortune, and being in the right place at the right time. Always approach the market with a sense of reverence.
    

**Legalities in Macau and Hong Kong**

*   Gambling is legal in Macau, and the regulation of cryptocurrencies is a matter of legality in Hong Kong.
    

**Investment Channels and Real Estate**

*   Reflect on the limited investment options available to people around you: either real estate or gold. If you introduce the cryptocurrency market as an alternative, many might forgo real estate, which could have far-reaching implications. Real estate's slowdown affects many sectors.
    

**Gambling and Social Stability**

*   The World Cup often leads to widespread gambling, with people risking everything and, in extreme cases, taking drastic measures. If cryptocurrency gambling were legalized, it could lead to borrowing and significant market volatility, potentially causing social unrest. If trading cryptocurrencies from home became more lucrative than working, many might abandon their jobs, leading to a shift in societal norms.
    

**Trust in the Vision of the Wealthy**

*   You may question the character of the wealthy, but their vision is often worth trusting.

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*Originally published on [suosuoj](https://paragraph.com/@suosuoj/eth)*