我对比特币的赌博：价值投资者的加密货币之旅

我提出这个问题是因为早期的经历往往会塑造一个人的观点。对当时的我来说，我的第一次拉斯维加斯之旅是完美的。

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.

作者自称是一名价值投资者，由于其投机性和缺乏内在价值，最初对投资比特币犹豫不决。然而，他的儿子们对加密货币的信念及其日益普及使他重新考虑。他于2020年开始投资灰度比特币信托（GBTC），并逐渐增持比特币和以太坊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.

尽管在 2022 年加密货币市场低迷期间经历了重大账面损失，但作者继续增持头寸，最终随着比特币价值的上涨以更高的价格购买了 BITB。他通过强调几代人之间价值观念的变化来合理化自己的行为。

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.

作者在模拟时代长大，将价值与黄金等有形资产联系在一起，而黄金在他的一生中一直保持其价值。相比之下，他的儿子们作为“数字原住民”，将比特币视为一种宝贵的资产，因为比特币在他们的世界中持续存在。

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.

在承认加密货币数量巨大以及大多数最终失败的风险的同时，作者相信比特币和以太坊已经获得了合法性，并且很可能成为数字经济的黄金和白银。他预计，由于需求增加，尤其是将比特币视为宝贵资产的年轻一代，加密货币价格将继续上涨。

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.

作者强调了只投资可以承受损失的投资的重要性，尤其是在加密货币等高风险市场。他还强调了持续采用在确定资产价值（无论是价值储存还是交换媒介）方面的关键作用。