Bitcoin and love: protect the Beta in your life
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Bitcoin and love: protect the Beta in your life
Behind every successful trader lies the lament of a crowd of retail investors.
Navigating Web3 tides with focused insightsBy Tao Lao Xiao Li
Recently, as Berkshire's annual shareholder meeting took place, one image went viral on social media:
Over the past 20 years, investment legend Warren Buffett’s returns have reached 554%, yet still underperformed the S&P 500’s 568%.
The S&P 500 comprises 500 top U.S. listed companies, representing about 80% of the total U.S. stock market value—commonly known as "Beta."
The truth of investing is often brutally harsh: most brilliant fund managers spend their entire careers chasing Alpha (excess returns), only to realize they can't beat the broad market Beta. For most investors, it might be better from the start to simply lie flat, buy an index fund, and passively get rich.
Back to the crypto market—how many assets have actually outperformed Bitcoin? How many diligent traders or primary-market fund managers ultimately delivered returns superior to Bitcoin?
As far as I know, very few.
A friend scrimped and saved through the bear market, finally accumulating 3 Bitcoins by the end of 2023. Yet today, he owns only 0.5 Bitcoin...
The reason is simple. Like many others, he thought Bitcoin’s market cap was too high—a game for the rich, not ordinary people. Even if it doubled, it wouldn’t change his life much. He wanted higher returns through risk-taking, so he bet most of his Bitcoin on various inscriptions, eventually losing his Bitcoin entirely and ending up with nothing but worthless tokens—becoming liquidity for others’ exits.
The same story happened with Solana. SOL was a clear big Beta in this cycle, but like Bitcoin, its high market cap lacked the allure of 10x gains, seeming far less exciting than random meme coins. Unable to bear the boredom, investors swapped their precious SOL for all kinds of dog-themed memecoins, only to discover they could never trade back into an equivalent amount of SOL.
Behind every successful 100x return lies the sorrowful chorus of countless retail investors.
During bull markets, most people become overly optimistic, believing themselves to be investing geniuses capable of capturing the ultimate Alpha of this cycle and achieving class mobility. When the tide recedes, they see in the mirror not a genius, but just an ordinary person swinging between arrogance and insecurity. For ordinary people, don’t easily give up the Beta you already hold.
Investing is like this—so too is love.
Many women/men are dissatisfied with their current partner, convinced they can find someone better—only to later realize that what they once had might have been the best after all.
Just like Xia Luo in *Goodbye Mr. Loser*, who initially despised Ma Dongmei, thinking Qiu Ya was the perfect goddess. Did Xia Luo truly love Qiu Ya? Probably not—it was likely just an obsession with something unattainable.
When Xia Luo finally got together with Qiu Ya, he realized she wasn’t as wonderful as he’d imagined. What he loved was merely a fantasy.
In the end, the time-traveling Xia Luo sees the truth and chooses to cherish the one beside him. But outside the movie, most people don’t get a second chance—just like how a bag full of junk inscription tokens can never be traded back for the Bitcoin you once held.
So, from the beginning, don’t lose the person who truly cares for you—and don’t lose your Bitcoin either.
Know yourself. Learn to stay grounded.
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