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Many people are affected by the short-term rise and fall of Bitcoin prices, unable to hold on to Bitcoin. In my opinion, this is because they cannot see the true essence behind the Bitcoin price. Without understanding the essence, one cannot develop a true belief in Bitcoin, and without faith in Bitcoin, one will definitely be unable to hold on to it.
The rise and fall of Bitcoin prices is essentially a projection of three cosmic laws concerning information, energy, and the evolution of human civilization.
The first truth: the eternal game between entropy and order. The rise in prices is the effort of human collective consciousness putting in energy to establish a credible digital order (entropy reduction). The drastic fall in prices is the periodic release of fear and randomness (entropy increase). Every bull market is a collective effort to resist the disorder of the traditional system. Price fluctuations are the eternal tug-of-war of human civilization's pursuit of anti-entropy order.
The second truth: the immortality of information and the aggregation of value. The core value of Bitcoin lies in the immutable information and absolute scarcity rules contained within its blocks. This immortality of information gives Bitcoin the ability to transcend cycles. The rise in price is a manifestation of global capital and collective consciousness being attracted to and aggregated by this powerful information field. Price is not value, but rather the collective consciousness's instantaneous discounting of the "future value brought by the immortality of information."
The third truth: The tides and breathing of the life system. The Bitcoin market is a living, self-organizing life system. The explosive rise in a bull market is the system's inhalation, while the deep fall in a bear market is the system's exhalation. Mechanisms often discussed in the market, such as "gaps must be filled" and "washing", are part of the Bitcoin life system's self-cleaning and self-repair processes, expelling toxins (leverage) and removing obstacles (psychological risks) through tidal effects. It must evolve and grow through fluctuations.
Each candlestick is a small breath of civilization evolving towards a higher form. Price fluctuations are not defects, but manifestations of vitality. Understanding and believing in this fundamental truth is the only way to root our faith in the unshakable logical foundation of Bitcoin, and ultimately preserve Bitcoin.