Newcomers to the crypto world can easily fall into a trap—always focusing on those cheap coins, their minds filled with dreams of "hundredfold returns." A fren of mine, Xiao Li, has been struggling like this for over half a year, not only losing more than half of his principal but also experiencing a decline in sleep quality, and he has lost a bunch of hair.

Later, he figured it out himself: what he was using was actually the "poor man's consumption logic"—buying cheap, thinking that a low unit price means quick profits. This way of thinking is exactly the same as when he usually buys discounted goods, but applying it to investments is a completely different matter.

Real investors use the "rich people's consumption logic": just like choosing a Rolex when buying a watch, they select those expensive and reputable assets. Expensive items often have their reasons for being expensive.

Many newcomers think that Bitcoin is too expensive and believe they can't afford a whole coin with their limited funds, so they simply turn to cheaper altcoins. In fact, it's like having 5000 yuan but not buying a second-hand Rolex, instead buying a bunch of electronic watches, thinking they are being smart.

The position of Bitcoin in the crypto world is like that of Rolex in the watch world. Look at what those project parties are doing? They are desperately selling their almost costless tokens just to exchange for limited Bitcoin. This is not a scam; a game worth hundreds of billions of dollars is unfolding on the asset allocation sheets of enterprises. Although altcoins have their ups and downs, institutional investors' first choice is always Bitcoin.

Why? Because Bitcoin has three things that altcoins cannot imitate: its non-reproducible scarcity (an absolute cap of 21 million coins), the longest historical record (safely running for over ten years), and the broadest consensus base (millions of holders worldwide).