我對比特幣的賭博：價值投資者的加密貨幣之旅

我提出這個問題是因為早期的經驗往往會塑造一個人的觀點。對當時的我來說，我的第一次拉斯維加斯之旅是完美的。

The author, a self-proclaimed value investor, initially hesitated to invest in Bitcoin due to its speculative nature and lack of intrinsic value. However, his sons' belief in cryptocurrency and its increasing adoption led him to reconsider. He began investing in Grayscale Bitcoin Trust (GBTC) in 2020 and gradually increased his holdings in Bitcoin and Ethereum ETFs.

作者自稱是價值投資者，由於其投機性和缺乏內在價值，最初對投資比特幣猶豫不決。然而，他的兒子們對加密貨幣的信念及其日益普及使他重新考慮。他於2020年開始投資灰階比特幣信託（GBTC），並逐漸增持比特幣和以太幣ETF。

Despite experiencing significant paper losses during the crypto market downturn of 2022, the author continued to add to his positions, eventually purchasing BITB at a higher price point as Bitcoin's value rose. He rationalized his actions by highlighting the changing perceptions of value among generations.

儘管在 2022 年加密貨幣市場低迷期間經歷了重大帳面損失，但作者繼續增持頭寸，最終隨著比特幣價值的上漲以更高的價格購買了 BITB。他透過強調世代之間價值觀念的變化來合理化自己的行為。

Growing up in an analog era, the author associates value with tangible assets like gold, which has maintained its worth throughout his lifetime. In contrast, his sons, being "digital natives," view Bitcoin as a valuable asset due to its continuous presence in their world.

作者在模擬時代長大，將價值與黃金等有形資產聯繫在一起，而黃金在他的一生中一直保持其價值。相比之下，他的兒子們作為“數位原住民”，將比特幣視為一種寶貴的資產，因為比特幣在他們的世界中持續存在。

While acknowledging the vast number of cryptocurrencies and the risk of most eventually failing, the author believes Bitcoin and Ethereum have gained legitimacy and will likely become the gold and silver of the digital economy. He anticipates that cryptocurrency prices will continue to rise due to increasing demand, particularly from younger generations who view Bitcoin as a valuable asset.

在承認加密貨幣數量巨大以及大多數最終失敗的風險的同時，作者相信比特幣和以太坊已經獲得了合法性，並且很可能成為數位經濟的黃金和白銀。他預計，由於需求增加，尤其是將比特幣視為寶貴資產的年輕一代，加密貨幣價格將繼續上漲。

The author emphasizes the importance of investing only what one can afford to lose, especially in highly risky markets like cryptocurrency. He also highlights the key role of continuous adoption in determining the value of an asset, whether it be a store of value or a medium of exchange.

作者強調了只投資可以承受損失的投資的重要性，尤其是在加密貨幣等高風險市場。他也強調了持續採用在決定資產價值（無論是價值儲存或交換媒介）方面的關鍵作用。