区块链神吐槽在YouTube上看到一个网红UP主，很早就开始玩比特币，他上传了很多自己关于如何买币、如何选择交易所、如何投资等一系列视频，有几十万粉丝，并让很多人通过加密货币改变了命运。视频很短但非常精彩，初看到时就想分享给大家，无奈听译、做字幕、剪辑和压制整个流程下来太耗时，于是跑到他的博客下找到了这一篇文章，翻译给大家。
最近也有在和学院的几个朋友一起，想成立自己的字幕组，分工合作，做区块链、机器学习、科技互联网相关的优质视频搬运和翻译，也许后期会开通自己的B站账号，还请大家多多支持！
是时候展现真正的英专（笑）实力了，时间仓促，如有疏漏，见谅！
原文叫Looking Back Over 5 Years Of Bitcoin Trading & Investing，讲了他投资比特币这五年来的心得和见解，干货满满，希望大家能有所收获！
It was October 2015 and I was speaking at an event with over 500 stock market traders and investors.
My presentation was all about Bitcoin, and how it was about to be the next big thing and the best market to trade and invest in…
2015年10月，我在一场大会上做着演讲，彼时与会的股民和投资商超过了500人。
我的演讲围绕着比特币展开，在其中我不仅讨论了它一跃蹿红的个中原委，还推荐了最适合投资的市场。
And at that time, Bitcoin’s price was $237.
Just two years earlier I made the decision to go “all in” on Bitcoin and shift my main focus away from day trading the highly manipulated stock market to trade and invest in decentralized cryptocurrencies.
那时，比特币市值为每枚237美元。
早在两年前，我投资的重心就从深受人为操控的股票市场转向了这种去中心化加密货币，我下定决心全押比特币。
Unfortunately, many of the attendees thought I was crazy.
They mocked the idea of a cryptocurrency becoming a legitimate investment or trading vehicle.
They thought it was better to chase penny stock pump and dumps or spend 8+ hours a day trying to beat algorithms at day trading.
然而，很多与会者认为我太不理智了。
他们认为我所提出的加密货币未来投资的合法性简直是天方夜谭。
他们甚至认为我还不如去关注低价股的涨跌，或者干脆每天潜心研究股价的涨跌规律。
I was sick of seeing people lose money due to historic low volatility in the stock market that was overrun with high-frequency algorithms.
高频交易在股票市场横行，股市波动率跌破历史最低，万千股民持续亏损，这一幕幕让我心力交瘁。
Within a month of my talk, Bitcoin doubled to $500.
Even then most people still weren’t believers
Since that event, Bitcoin has gained over 8,000% to $18,000+…
演讲后的一个月，比特币的价格翻了一倍，市值每枚500美元。
即使是那时，还有很多人仍对比特币持怀疑态度。
自那次演讲后，比特币的市值便以8000%的涨幅达到了每枚18000多美元...
Today, everyone is talking about bitcoin…
Financial “experts” are all jumping on the crypto bandwagon. CNBC is talking about bitcoin’s meteoric rise around the clock.
And some “gurus” that turned their nose up at Bitcoin at that event have suddenly become overnight experts on the topic and even launched their own crypto trading courses and trading rooms.
如今，街头巷尾都在谈论比特币...
金融“专家”们前赴后继地涌入加密货币的潮流。CNBC夜以继日地在谈论比特币的迅速崛起。
许多曾对比特币不屑一顾的“大师们”一夜之间化身比特币专家，还专门开办了加密货币的投资课程和交易室。
I get dozens of emails every day asking the same question…
“Chris, is it too late to buy bitcoin?”
People around the world are waking up…
They understand that bitcoin is shaking up the old-school financial system.
They’re learning how their government has been destroying the value of their “fiat currency” like the U.S. dollar.
That’s where bitcoin comes in…
我每天收到大量邮件在问着同样的问题：
“Chris，现在买比特币还来得及吗？”
整个世界被唤醒了。
他们开始明白，比特币正在以一种摧枯拉朽的力量在冲击着传统金融体系。
他们开始了解，政府是如何操纵着法定货币（如美元）一步步的贬值。
值此之际，比特币应运而生。
You see, people TRUST Bitcoin because it’s a fully-transparent, math-based currency. No central banker can destroy its value by suddenly deciding to print more Bitcoins.
人们信任比特币，因为它是一种基于数学运算交易透明化的加密货币。
野心勃勃的银行家们无法发行过量的比特币来迫使其贬值。
And most importantly, citizens no longer need permission from banks or governments to send money around the world.
That’s right, no more red tape, expensive wire transfer fees, or jumping through hoops just so you can decide what to do with YOUR OWN money.
Now we can send money anywhere, instantly, virtually for free.
最重要的是，人们不再需要银行或是政府的许可来进行国际汇款。
没错，不再需要繁琐的汇款手续、昂贵的电汇费用，也不用承担难以预料的风险，你可以真正支配自己的资产，即时地、免费地将你的资金汇往世界各地。
For the first time in human history, we have TRUE currency competition where the most useful form of money holds the most value.
This is the biggest financial innovation of the century. Bitcoin gives the power back to the people.
I believe we’re seeing the biggest transfer of wealth we’ll see in our lifetime…
这是在人类历史上发生的第一场真正意义的国际货币间的较量，在这场角逐中唯有最实用的货币才能胜出。
这是本世纪最伟大的金融创新。比特币将权利重新交还到人们的手里。
我相信，我们正一起见证着今生最大规模的财富转移。
But people who chase trends and invest based on FOMO (fear of missing out) will lose money.
That’s how the market works…
It rewards people who see the vision and take risks early and punishes emotional investors that chase hype.
Timing is everything.
It’s all about knowing WHEN to buy and sell.
但这样的投资者很容易赔本，他们盲目追随潮流，唯恐错失信息。
然而这就是市场...
它会给那些目光长远、敢于冒险的投资者以奖励，也会对那些盲目冲动、随波逐流的投资者稍以惩戒。
时机就是一切。
正确把握交易的时机是关键。
Markets are cyclical.
They don’t just go straight up…
And even though I’m bullish long-term on Bitcoin and other cryptocurrencies,?I’m prepared if this current speculative bubble pops in the short-term.
市场有它的周期性。
它不可能会一直上涨...
虽然我很看好比特币和其他加密货币的前景，但是如果投机泡沫会在短期内破灭，我也作好了相应的心理准备。
Since Bitcoin’s inception, we’ve seen a half dozen big boom and bust cycles…
Why should this time be any different?
The problem with some crypto investors is they never want to think about the possibility that Bitcoin’s price could crash.
But here’s something to keep in mind…
Bitcoin has pulled back by over 30% seven times in 2017!
And many emotional investors typically panic sell at the bottom of these “crashes”.
But pullbacks in the price of a market are actually HEALTHY for its long-term growth.
比特币自诞生以来，经过了很多轮“大繁荣-萧条”的周期发展...
为什么这次显得尤为特别呢？
很多加密货币投资者都有一个通病，他们从未设想比特币价格崩溃的可能性。
但我们需要了解的是，
比特币市值在2017年历经7次大起大落，最终回调了30%，
于是很多冲动的投资者在他们自以为的深渊里割肉抛售。
然而，价格回调是有利于市场长远的健康发展的。
For the past 5 years, I’ve been helping people from around the world learn how to profit from cryptocurrencies.
I’ve seen many real-world use cases for how cryptocurrencies are changing peoples’ lives…
在过去的五年里，我帮助了来自世界各地的人们从数字货币中受益。
我也见过很多鲜活的例子，他们通过数字货币改变了人生。
Like my students from Venezuela who saw the writing on the wall and moved all of their family’s wealth out of Bolivars into Bitcoin a few years ago, and instead of literally starving today they can feed their entire community.
And entrepreneurs in Myanmar who are now making a year’s salary in a week thanks to the power of the internet and borderless payment systems…
And reformed day traders (like me) who stopped wasting time chasing peanuts to focus on finding the big home run trades and investments.
我有一个委内瑞拉的学生，他在几年前就预料到了未来的不幸，拿出家中所有的博利瓦（委内瑞拉货币）买了比特币，如今，他们家能养活整个社区而不是活活饿死。
有了互联网和无限制的支付系统，缅甸的企业家们如今可以在一周内可以赚得过去一年的薪水...
还有新派日内交易员（像我这样的），他们早已不再执着于追求那些小利润，而着眼于本垒打的投资机会。
The banks and incumbents like?Jamie Dimon see the writing on the wall. They know their power is quickly diminishing, which is why they’re trashing cryptocurrencies any chance they get.
像杰米?戴蒙一样的银行家和企业家也早已预见到了未来的趋势。他们担心比特币的发展会冲击他们的权威，因此，他们抓住一切机会贬低数字货币。
Some governments will ban cryptocurrencies…
And some will embrace them.
Governments that ban cryptocurrencies may feel like they have more control in the short-term, but all they’re doing is stealing prosperity from their citizens in the long-term.
有很多政府严令禁止加密货币...
也有很多政府表示支持。
那些禁止数字货币的政府可能是计划在短期内对国家经济加强控制，但是他们的所作所为从长期来看，却是在阻碍他们的人民走向繁荣。
In the U.S. we’re seeing Wall Street chase the opportunity with cryptocurrencies…
They’re launching futures this month, which is going to open up more opportunities AND challenges next year.
在美国，华尔街也紧跟加密货币发展的脚步...
他们将于这个月推出股指期货，这将为下一年带来更多的机遇和挑战。
We’re also seeing crypto development hotspots popping up around the world…
ICO’s have raised billions of dollars of investment capital this year, and Silicon Valley is understanding that the new token sale model is much better than the old-school venture capital model.
我们也能看到，加密货币的发展成了热门话题，风靡世界各地…
初次代币发售（ICO）今年筹集了数十亿美元的资本,硅谷也慢慢理解，新型的代币销售模式比起传统风险投资模式更具优势。
As we come to the end of 2017, I just want to say congratulations to all the investors, traders, and entrepreneurs that have seen the vision despite all the naysayers.
It’s been an incredible past few years, and I’m excited about the future of crypto-assets.
2017已经接近尾声，在此我想衷心地祝贺各位投资者、贸易商和企业家，你们的远见卓识没有为接连不断的质疑声所淹没。
过去几年里加密货币的发展让人惊叹，对未来我也翘首以待！
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