2025年10月5日，比特币冲上125,689美元，历史新高。市场炸了锅，有人喊"数字黄金登顶"，也有人冷 笑"又一轮泡沫"。但真正值得琢磨的，是这波涨势背后那些没人细看的逻辑。 这不是2021年那种散户疯抢、社交媒体带节奏的行情。这次，是机构真金白银在买。多只比特币现货 ETF连续几周净流入，资金不是赌一把就跑，而是稳稳扎进来的。渣打银行的Geoffrey Kendrick甚至 说，接下来几周可能冲13.5万。 为什么？因为宏观环境变了。美国政府又快关门了，预算僵局、债务上限、两党扯皮，老戏码重演。每 次这种时候，美元信用就会被短暂打个问号。不是说美元要崩，而是短期不确定性上升，聪明钱会找 点"不依赖政府"的东西对冲。比特币恰好符合：去中心化、总量固定、全球可转移。它未必是终极答 案，但在某些时刻，成了最顺手的工具。 这背后其实是信任机制的迁移。传统金融靠央行、靠法律、靠国家信用背书。但当债务高企、通胀顽 固、地缘冲突不断，这套系统的"信任成本"在上升。人们开始问：有没有另一种方式，不依赖某个中心 节点，也能实现价值存储和转移？比特币不一定完美，但它提供了一个选项，哪怕只是作为"压力测 试"下的备胎。 有意 ...

Core Viewpoint - The article emphasizes the importance of having a clear investment goal rather than merely focusing on making money, suggesting that a well-defined objective serves as a guiding compass for investment decisions [2][3][24]. Group 1: Investment Challenges - Many investors operate without a clear destination, leading to a lack of direction and ineffective decision-making [3][4]. - The absence of quantifiable goals results in emotional and chaotic investment actions, driven by market noise and personal feelings [4][5]. - This chaotic approach leads to fragmented actions, where decisions are made based on short-term market movements rather than a coherent strategy [5][6]. Group 2: Effective Investment Strategies - The "Dividend Income" strategy exemplifies a clear and practical investment goal, focusing on building a portfolio that generates stable cash flow to cover living expenses [8][9]. - This strategy shifts the focus from abstract asset appreciation to concrete annual cash flow, providing a clear target for investors [9][10]. Group 3: Value Averaging Strategy - The "Value Averaging" strategy is introduced as a more universal and powerful navigation system for investors seeking long-term asset growth [11]. - Unlike traditional fixed-amount investments, this strategy aims for a predetermined growth path, adjusting contributions based on market performance [11][12]. - The mechanism of this strategy encourages buying more during market downturns and selling during upswings, effectively implementing a "buy low, sell high" approach [13][14][15]. Group 4: Systematic Approach - The value averaging strategy incorporates a "review-calibration" loop, allowing investors to assess their performance against set goals without emotional interference [16][21]. - This systematic approach focuses on managing behavior in the market rather than predicting market movements, protecting investors from emotional decision-making [22][23].