Many people don’t know how Ethereum came about and how it got here. Today, I’d like to share my experiences with you all. It’s really a bloody journey, a thousand times more exciting than a TV series.
In the first stage, in July 2014, ETH was issued at an issue price of 186 yuan. After the issuance, it remained sideways in the range of 14 yuan to 2 yuan for a whole year. Most people could not survive and sold it. Basically, they did not make any money, and some even lost money.
The second stage, in August 2015, the price rose to 23 yuan, finally increasing by 12 times. Many people took profits and left the market. In November, the price fell back to 2.7 yuan, a drop of 90%. During this period of ups and downs, more than 90% of people sold B and left the market, and some even lost money.
The third phase, 2016, was an even more exciting year.
In April, the price of Ethereum skyrocketed to 98 yuan, a 36-fold increase in one month. Unfortunately, less than 10% of people enjoyed the increase in wealth. In April, it suddenly dropped to 45 yuan. Many people began to shout that Ethereum was a scam. However, in June, the price of Ethereum skyrocketed to 138 yuan, and in August, it dropped to 54.
In September, the price of the stock rose to 92 yuan, and then fell to 38 yuan in December. This year can be described as a year of ups and downs.
The fourth stage, although 2016 was full of ups and downs, it laid the foundation for Ethereum's popularity and market. So in March 2017, it rose all the way to 350 yuan, a nine-fold increase in three months. Then the "IC Oh" that everyone knows became popular in China. All projects issued coins on the Ethereum public chain, and all projects raised ETH. In June 2017, it rose to 2,660 yuan, a 70-fold increase in six months. In July, it fell to 850 yuan, a drop of 78%. In October, it rose to 2,520 yuan, and in November it rose to 3,280 yuan. In January 2018, it rose to the highest level at the time, 9,100 yuan. In more than three years, Ethereum has risen a total of 4,900 times.
The fifth stage, 2018, started the bear market wash mode. Starting from March, the price of more than 9,000 yuan fell to 2,280 yuan, a drop of 75%. In April, it rose to 5,380 yuan, and in September it fell to 1,070 yuan, a drop of 88%. The most severe drop was in December, when it fell to 525 yuan, a drop of 90%.
The sixth stage, in June 2019, it rose to 2,350 yuan, and fell to 720 yuan in December. In March 2020, the 312 that scared everyone to death came, and it fell to 550 yuan, a drop of more than 88%. It was not until the rise of Defi from October to December that it improved again and rose to 5,720 yuan. Then, it started to go uphill again.
The seventh stage, in May 2021, it rose to 28,000 yuan.
In less than six years, the price has increased 15,000 times. If you bought 1,000 yuan, you could have 15 million yuan. Ask yourself, can you really hold on? Therefore, there are two things that are most likely to make you poor in the B circle: jumping around like a monkey and leveraged contracts. After several years of ups and downs, ups and downs. Only those who can hold on are the winners. Great wealth does not require much intelligence, but only enough patience. Those who achieve great things must have great perseverance.