bottom line meaning
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2019-03-22 14:36
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Here, a group of unique people will accompany you through bulls and bears and plan for the future with wisdom and rational analysis

Here, there are a group of different people

Use wisdom and rational analysis

Accompany you through bull and bear, plan for the future

 

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In an exclusive interview with Caijing, Shen Nanpeng said that whether it is entrepreneurship or investment, all great achievements ultimately stem from the "victory of values".

 

Values, a word we use so well, Wikipedia’s explanation is that “values ​​are cognition, understanding, judgment or choice based on certain thinking and senses of people, that is, a part of people’s identification of things and judgment of right and wrong. a way of thinking or orientation".

 

Compared with "values", I have another word that I would like to pull out and talk to you, and that is the bottom line.

 

Before, in Moments, I posted a status:

 


                            

It also expresses the meaning of "bottom line" to people, things and things.

 

A few days ago, I watched a movie called "Twelve Citizens". The film is adapted from the 1957 American film "12 Angry Men".

 

 

The plot mainly takes place in a university of political science and law during the summer vacation. Students who have failed the final exam of the Anglo-American law course are ushered in a make-up exam. They formed a moot court and acted as judges, lawyers, and prosecutors respectively. What they were trying was a case of "20-year-old rich second-generation patricide" that was controversial in the society. 12 parents of the students formed the jury. They will make a final "judgment" on the case after hearing the student court. The 12 jurors did not know each other, but according to the rules, they must reach a consensus to end the trial.

 

Except for juror No. 8, in the initial vote, almost one-sidedly gave the rich second generation guilty verdict.

 

In the play, a juror accuses Juror No. 8, played by He Bing, of being too picky about the obvious details of the case and wasting everyone's time.

 

The answer given by He Bing is worth pondering:



We are now in a law university classroom discussing a murder case for a group of young men who would become judges, for my child, and for your child, for our child Shouldn't you be picky about his life and death? Shouldn't there be nitpicking in deciding whether a person should be shot or not? On a larger scale, it is really related to whether the future of a country's laws is fair and should not be picky? Even if a person is really guilty, we have to spend time discussing whether the death penalty should be imposed. You hold the power of life and death. What is the difference between you and a murderer who kills an innocent person?





Here, a serious attitude towards life is the bottom line, and human rights above everything else is the bottom line.

 

Only by always adhering to such a bottom line can it be possible to avoid being seen and heard while ignoring the pursuit of facts and details, and it is possible to avoid even one in ten thousand mistakes. Because a one-ten-thousandth error is a 100% disaster for a party.

 

Of course, the meaning of the bottom line is not only to help us avoid making mistakes. To put it more deeply, it is reflected in our business competition, materialized, and will be truly and completely reflected in users' brand awareness of an enterprise.

 

For example, in the case of IEO mentioned above. When the market is still gloomy and the future is uncertain, Binance fired the first shot of IEO. Why was it successful and successfully triggered a short-term IEO boom?

 

In addition to talking about Binance Bull, we analyze the essence. As the public participating in the market, isn’t it because Binance has a bottom line in the selection of targets and a high bottom line in the listing standards? This bottom line makes excellent project parties willing to go to IEO through Binance and accept strict lock-up and margin requirements; it also makes users dare to participate in the bear market.

 

In the same way, the rise of the IEO craze does not give opportunities for new breakthroughs and corner overtaking opportunities for exchanges without a bottom line. Because there is no bottom line, there is no recognition of the brand. Without recognition, there is no consensus in the market, and in the end it can only be reduced to another short game of harvesting.

 

This morning, I received a commemorative gift for the sixth anniversary of Bikan. A beautiful box of chocolates.

 


 

In the craziest stage of opening an exchange, the industry can be regarded as "thousands of chaos", and some people even joked that "there are more exchanges than traders, and there are not enough users".

 

During that time, I was always wondering why Currency, as a certain user, traffic, and brand, did not follow the "wind" to open an exchange. At that time, Bikan’s chances of winning in trading should be greater than most players. Firstly, it invested in IDG and Bitmain; secondly, Bikan launched an innovative OTC function in 2015, which once ignited a new wave of industry transactions. Have certain experience in trading operations.

 

After looking at it, in fact, I also feel very relieved. After the excitement, there are very few left in the "thousands" as the market and the overall global economic environment deteriorate.

 

The ancients said that those who achieve great things must have calmness; I think that the team that achieves great things must also have such concentration.


Saying no to many "hot deals" in the market requires not only courage, but also the persistence of the bottom line.

 

For example, not doing IEO now, not participating in this wave of upsurge that is obviously going to pass, is another test of courage and bottom line for the operator of the exchange-exchange.

 

A lot of times, you don't do what everyone else is doing and you're seen as an outlier.

 

The definition of heterogeneity is not measured by right or wrong and good or bad, but by the opposition between the minority and the majority. A few are “different”, and humans, being social animals, tend to do things that most people do because it makes people feel safe.

 

To be "heterogeneous" does require greater courage and deeper cognition as a support.

 

After the "thousands of chaotic battles", opening a trading place is obviously no longer a good business in the public's perception. So at this time, newly opened "transactions" are considered "heterogeneous".

 

Once again, Bikan, a "six-year-old shop", chose to be a "heterogeneous", and decided to open the "trading" function after perfectly missing the "exchange-exchange" trend.

 

PS; The official announcement will launch the trading function on April 10, and it is expected to invite some users to try it out on March 28.

 

why?

 

why?


This team has always given me a great feeling from the time I met it to the present. Since its establishment in 2012, it has experienced three rounds of bulls and bears. After so much, they still maintain their original intentions and stick to the bottom line. So don't worry.

 

I remember that in 2017, once, I wanted to transfer hundreds of BTCs from the Bikanan wallet. Since I ignored the restrictions on transfers from the Bikanan wallet, I tried to contact the friends who downloaded the Bikanan, hoping to let the technology My brother authorized to lift the restriction. It was the weekend that day, and unexpectedly, this little partner insisted on pulling the technical brother to assist in completing the transfer, and also actively accelerated the processing through the mining pool.

 

Not only that, but I later settled in Bikan K station, even if I just sent a simple status, I can often receive messages and interactions from Bikan CEO Liu Yang, co-founder Fang Fang, and other Bikan partners.

 

The above can be understood as my bottomless exaggeration, that's right. If you like it, don't exaggerate it, it's God's will.

 

And this liking, apart from my personal subjective preferences, I think it is due to the fact that the Bikan team has always insisted on a high bottom line in the past six years.

 

Back to the title: the meaning of the bottom line.

 

What's the bottom line?

 

I think, to put it simply, it is "from the bottom of my heart, to make people feel at ease, and to make people feel that you are different."


END

 

Moderator profile: Hua Xia. Founder of Reading Fund and Dappcc, personal WeChat account neicanjun02. Focus on investment in the blockchain field, as well as mining and sharing of industry investment opportunities. The articles written are only the output of personal understanding, and the opinions involved can only be used as a reference, and do not constitute investment advice. Investment is risky, and you must be cautious when entering the market.


For more analysis, you can follow the official account of "Hua Xia Kanshi" and get pushes in time


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