Are you optimistic about the future of Ethereum? | FAQ

1. Ethereum is very dangerous below 3,000, and the overall market situation is unclear. Let’s wait and see until the end of June.

I always think that short-term price fluctuations are difficult to judge and have little meaning. In the long run, I think Ethereum is safe below $3,000. If it can continue to fall below $2,500, it will be even better, and I will start regular investment again.

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

I have never bought this coin, nor do I know about this project. Overall, my views on the RWA track remain unchanged: this track belongs to centralized institutional investors, and retail investors can only get a share of the profits in this track, so I only occasionally pay attention to the news of this track and do not follow up on specific projects.

MakerDAO, a once well-known DeFi project, is now working hard to expand this track, but from its actions I can’t see how much advantage retail investors have, or in what niche areas they can make huge profits.

3. Is there any airdrop if the tokens are pledged to a third party?

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

4. I heard that the United States, Britain, and Australia are going to seize Chinese assets. Will our coins be in danger on the exchange?

My suggestion is: instead of worrying about the government's policies on exchanges, the security of exchanges, the exchanges running away, whether CZ's imprisonment will affect security, and various rumors, it is better to withdraw your assets from the exchange once and for all and put them in your own wallet.

Some readers have reported that it is troublesome to transfer assets to their own wallets for safekeeping, and they may even lose them, so it is better to put the assets in a reputable exchange.

I think the essence and gene of crypto assets is "you are responsible for your own affairs". "Freedom", "equal rights", "privacy" and "wealth" are your own affairs and your own responsibilities. In the crypto world, only investors who can truly understand this idea and implement it in practice can finally reap their own real wealth.

Mountains will fall and people will run away if you rely on them. Only yourself is the most reliable.

5. Is it possible for all the coins to be unified into one BTC, with only Bitcoin recognized?

I think the possibility is very small.

Blockchain technology will eventually move towards large-scale, popular applications. Although such applications have not yet exploded, this day will surely come.

However, Bitcoin is not the one that can carry such applications, because Bitcoin’s own technical limitations determine that it cannot be Turing complete like Ethereum, and there is a ceiling on its application support.

So at present, I think Ethereum is still the one that can support this scenario. Ethereum will not disappear, let alone decline.

6. Is it necessary to persist in ETHS?

I used to have this coin, but later sold it, leaving only a small amount on Facet Swap to provide liquidity. When the overall market was sluggish some time ago, I only bought ORDI and never bought other inscriptions.

7. Is the current fixed investment price of Ethereum still below $2,500? Are you still optimistic about its future development?

Yes, the fixed investment price I set for myself has not changed. If Ethereum really falls below $2,500, I will start the fixed investment again. I am still optimistic about Ethereum in the long term. But frankly speaking, in this round of development, the development of the Ethereum ecosystem is still a bit disappointing: there are no phenomenal new applications and new scenarios.

But I believe this is only temporary.

8. UTXOSWAP, an intent-based exchange, emerged in the CKB ecosystem. What do you think?

This type of application is not particularly innovative. It just makes up for the shortcomings of the DeFi field in the ecosystem. This type of application is certainly important in a certain ecosystem, but it is very ordinary in the entire crypto ecosystem.

What I am more interested in now are new applications and scenarios that are highly original and have never been seen before.

9. Now many altcoins are approaching the lowest point in the bear market. What do you think of the market situation?

For altcoins that have fallen sharply, if you like them very much and want to buy them, it doesn’t matter how you buy them. But from the perspective of risk-return, I will be very cautious and will not touch most altcoins.

Ever since both Bitcoin and Ethereum exceeded their fixed investment prices, for a long time, except for a few individual varieties, I rarely bought coins. Most of the time I just waited and watched or participated in some short drops and wool pulling.