In the past two days, I've been preparing for the National Day holiday promotions and operations at the company. In my spare time, I’ve been following the drama between my partners, Teacher Guo and General Jia. I didn't expect this play to become more and more exciting. The divine counterattacks from various heroes in the community these past two days could probably empty the entire savings of the northwest for decades.

Tonight, let's borrow a bit of the influence of alcohol to discuss this sensitive topic: who is actually right?

Since the start of my business, I have met with General Jia three times. The first two times were at the catering training conferences from 2015 to 2018, where General Jia shared his experiences as a model for Chinese chain dining, discussing breakthroughs in the central kitchen model, and the Northwest experienced a peak in store openings during that era. The last time I was fortunate enough to see him in person was at a gathering organized by the catering association. I didn't really talk to him much, just awkwardly followed the crowd to toast. He felt like a tough guy from the Northwest and was quite talkative after drinking. According to today's young people's perspective, he has a bit of a 'dad vibe'.

To be honest, there are really very few old restaurateurs who started from scratch and have reached this scale. The restaurant business requires diligence; it is almost impossible for someone who doesn't understand flexibility to carve out such a path. Throughout this entrepreneurial journey, I have great admiration for Mr. Jia; he has indeed reached a height that small restaurant chain owners like us cannot surpass. However, once a business reaches this scale, the height of the owner's thinking and awareness directly determines the scale and direction of the company. Regardless of how equity changes, as long as it remains a one-man rule and a family-run management style, problems are destined to arise.

Of course, without comparison there is no harm. The reason I can express these views is that I have come into contact with more outstanding founders, such as Manager Guan from Jiumaojiu. They also serve Northwest cuisine and are cultivating new brands. Over there, they know how to make good use of talent, and after a solid accumulation, they successfully went public with a burst of growth and took a shortcut.

Another important factor is to value and embrace young people, rather than staying in one's comfort zone. This may be the difference between Jiuma Jiu vs. Northwest, Tai Er vs. Super Roujiamo, and Song Hotpot vs. Kung Fu Cuisine.

Of course, you might also think of some things that should not be associated with people at our level. After all, in the country we live in, we are not allowed to challenge or engage in too much debate; we need to pursue the same, correct, and interest-aligned ZZ unity.

Speaking of this topic, as previously reported by state media, BTC is a product of American financial hegemony, and its future price will only plummet and become increasingly worthless. But how has things developed now?

The Great Celestial Empire has cracked down on BTC three times in history.

For the first time, in December 2013, it was clearly stated that BTC is not a currency, and BTC immediately dropped, not recovering for 3 years.

For the second time, in September 2017, it was明确 that financial institutions were not allowed to provide settlement services for JYS. Since then, there has been no JYS in the Great Celestial Empire, and BTC fell as a result. However, this only lasted for a few months, and BTC reached a new all-time high again.

In the above two instances, the first time made it impossible for BTC to circulate in reality, and the second time restricted the exchange of BTC and RMB. The result is that they expect BTC to have little impact on real-world transactions, but is that really the case?

The third time, in July 2021, the mining ban was implemented. Mining is merely one way to protect the security of the blockchain network. The crackdown on mining within the Celestial Empire can only temporarily weaken network security to some extent and undermine market confidence, but its impact is far less than the previous two times. In fact, most people are not aware that after the crackdown on mining last July, the total network hash rate of BTC has reached a new high.

As a final result, the BTC trading volume in the Celestial Empire has shrunk, and the impact of the Celestial Empire on BTC prices is becoming smaller and smaller.

As we all know, since the birth of BTC, it has inherently been transnational, aiming for that real decentralized goal, and the influence of a single country will only become smaller and smaller. I can understand that different countries have different national conditions, and it is very normal to have tailored policies, but unfortunately, the rise of goldilocks in 2024 has completely broken this superficial balance.

As ordinary retail investors, what we see are only superficial things. But if you can understand that a certain entity is a national team, a certain dynasty has been continuously increasing its layout, and a certain port has been consistently relaxing zc regulations, you might realize that in front of you, there are actually some future value assets that can be held for decades.

I understand that wherever you are, you must abide by the laws of that country, but is it really so easy to protect personal private property in the nation we live in? If you look at today's digital assets with a long-term perspective, perhaps you will come up with a different strategic approach.

Perhaps tonight's topic is a bit abstract, just some tipsy talk after drinking, but looking back over 10 years, what I describe tonight is a very sincere piece of advice. I often see friends urging me to update my posts more frequently, but I am really not a professional blogger; I cannot update market trends on time every Monday, Wednesday, and Friday, analyze regularly on Tuesday, Thursday, and Saturday, and share some wealth secrets on weekends. If I could maintain this routine, it would only be under one condition: you need to pay me a little, as I would need to rely on this for a living.

Many friends ask me how to proceed next. I might as well tell you that I read some viewpoints in Soros's book that are indeed quite suitable for reflection at this stage:

Learn to question: market prices are not the truth, but rather "collective bias."
Learn to observe the psychology of retail investors: Behind the trend, is it a change in reality or an amplification of emotions?
Learn to accept the irrationality of the market: the market may be wrong for a long time; the key is not in predicting but in managing risk and waiting for opportunities.
Learn to think in reverse: When market opinions are highly consistent, ask yourself: What would happen if the consensus is wrong?
At this stage, the core idea of ultimately making money is to maintain independent thinking and take advantage of market sentiment misalignment, rather than being led by it.

You have your positions, and I have my chips. We are different, and it is impossible for us to escape at the same price point or to simultaneously share in the joy of victory. In short, after 8 years in the crypto world, I am indeed different from you who just follows the trends. Therefore, you must understand yourself better instead of relying on me.

I have always encouraged your quest for knowledge and growth. If we are on the same wavelength, feel free to join the second live stream to chat.

Rest assured, it won't cost you anything, but you need to be serious.