Do you have confidence in the future trend of Ethereum? | Q&A

1. Ethereum below 3000 is very dangerous, the overall market is unclear, let's see by the end of June.

I always think that short-term price fluctuations are hard to judge and not very meaningful. From a long-term perspective, I feel that Ethereum below 3000 USD is quite safe, and if it can continue to drop below 2500 USD, that would be even better; I would start dollar-cost averaging again.

2. What do you think of the POLYX coin in the RWA sector?

I have never bought this coin and do not understand this project. Overall, my view on the RWA sector remains unchanged: this sector belongs to centralized institutional investors, and retail investors are at most just sipping soup in this sector, so I only occasionally pay attention to news in this sector and do not follow specific projects closely.

The once well-known DeFi project MakerDAO is now trying to expand into this sector, but from its actions, I cannot see any significant advantages for retail investors or where they can make substantial profits in specific subfields.

3. Is there an airdrop for staking with third parties?

I have participated in several well-known staking projects: EigenLayer, Ether.Fi, Swell, Renzo, etc., all of which have staking, but my positions are not large.

4. I heard that the US, UK, and Australia are going to seize Chinese assets. Is there any danger for our coins on exchanges?

I suggest: instead of worrying from time to time about government policies on exchanges, the security of exchanges, the risk of exchanges running away, whether CZ going to jail will affect X, and various rumors, it is better to take the assets out of the exchanges and put them in your own wallet once and for all.

Some readers have reported that keeping assets in their own wallets is quite troublesome, and they might even lose them, so they prefer to keep their assets in reputable exchanges.

I believe the essence and gene of crypto assets is "you must take responsibility for your own matters." "Freedom," "equality," "privacy," and "wealth" are your own matters and, more importantly, your own responsibility. In the crypto world, only those investors who truly understand this philosophy and implement it in practice can ultimately reap their own true wealth.

Relying on mountains will collapse, relying on people will run away; only oneself is the most reliable.

5. Is it possible for all coins to converge into BTC, only recognizing Bitcoin?

I think the possibility of this is very small.

Blockchain technology ultimately needs to move towards large-scale and widespread applications. Although this kind of application has not yet exploded, that day will surely come.

And the one that can support such applications is not Bitcoin, because the technical limitations of Bitcoin itself determine that it cannot achieve Turing completeness like Ethereum; it has a ceiling in application support.

So at present, I believe that Ethereum is still the one that can support such scenarios. Ethereum will not disappear, nor will it decline.

6. Is it still necessary to hold ETHS?

I used to have this coin, but later sold it and only kept a small amount to provide liquidity on Facet Swap. During the recent overall market downturn, I only bought ORDI among the inscriptions; I haven't bought any other inscriptions.

7. Is the current dollar-cost averaging price for Ethereum still below 2500 USD? Should we continue to be optimistic about future developments?

Yes, the dollar-cost averaging price I set for myself has not changed. If Ethereum really drops below 2500 USD, I will start dollar-cost averaging again. I remain optimistic about Ethereum in the long term. However, to be frank, the development of the Ethereum ecosystem in this round has been somewhat disappointing: there have been no phenomenal new applications or new scenarios.

But I believe this is only temporary.

8. A UTXOSWAP has emerged in the CKB ecosystem, a transaction platform based on intent. What do you think?

This kind of application is not particularly innovative; it merely fills the gaps in the DeFi field within the ecosystem. Such applications are certainly important within a specific ecosystem, but in the overall crypto ecosystem, they are quite ordinary.

I am currently more interested in highly original and unprecedented new applications and new scenarios.

9. Many altcoins are now close to the bear market's lowest point. What do you think of the market?

For altcoins that have dropped significantly, if you really like them and want to buy, then it doesn't matter how you buy. But from a risk-reward perspective, I would be very cautious and would not touch the vast majority of altcoins.

Since Bitcoin and Ethereum both exceeded their dollar-cost averaging prices, for a long time, I have rarely bought coins again, except for a few specific varieties; most of the time, I have just been observing or participating in some airdrops and yield farming.