Last year, a guy who does design saved up some money and hesitated whether to buy a Hermès bag.

People around him advised him not to act impulsively—"Isn't it better to spend this money on traveling? Isn't buying a big brand bag just paying an IQ tax?"
He didn't listen and placed the order directly.
After six months, I urgently needed funds for turnover, so I listed it on a second-hand platform, and surprisingly it sold for 20% more than the original price.
And the affordable luxury brand his colleague bought at that time? It has been gathering dust on Xianyu for half a year, with no one interested.

This matter has had a significant impact on me: most people focus on the numbers on the price tag, while a few focus on how much value the item itself can retain.

The real estate market has been quite cold in recent years, hasn't it? But if you look at the old, small properties in prime locations of first-tier cities, they still command high prices, some even rising against the trend. The reason is simple—scarcity + market consensus; these two factors uphold the price floor.

This logic makes complete sense when applied to the cryptocurrency market.

I have seen too many people enter the market with a "scoop up bargains" mentality: "Bitcoin is already tens of thousands of dollars, how can I afford it? I might as well bet everything on a shitcoin that's only a few cents, hoping it will rise thousands of times."
Sounds exciting, right?
The reality is that the vast majority of copycat projects do not survive more than two cycles of bull and bear markets. Betting on it to become rich? The odds are about the same as winning the lottery.

How do knowledgeable people configure it?
Invest a large amount of capital to buy Bitcoin, or add a bit of Ethereum; take a small portion to speculate on altcoins, treating it as a form of excitement. Even if the altcoins really increase in value, the first thing to do is to convert them into BTC to lock in profits.

Why do it this way?
Because there is an iron law in this market - **All currencies return to one**.
It is not that other coins will disappear, but rather that in the long run, all funds and all consensus will ultimately converge towards the most hardcore asset.
And that asset, at the moment, is Bitcoin.

Do you understand? Isn't it this reasoning?