[ETH's tortuous journey] Many people don't know how Ethereum came about and how it has come along. I, eth, will share my experiences along the way with you. It is really bloody and extremely interesting, 10,000 times more exciting than a TV series. Let's start directly:

The first step was that in July 2014, ETH was issued at an issue price of 1.86 yuan, ranging from 1.4 yuan to 4 yuan. It remained flat for a whole year, and most people could not survive it. They sold their land in the first year and basically made no money, and some even lost money.

The second step, in August 2015, the price rose to 23 yuan, and finally rose 12 times. Many people took profits and left the market. In November, it fell back to 2.7 yuan, a drop of 90%. During this period of ups and downs, more than 90% of people sold their coins and left the market, and some even lost money. The well-known fisherman sold 100,000 ETH at a price of 10 or 20 yuan at this stage. If he hadn't sold 100,000 Ethereum, it would be worth 20 to 30 billion now. But don't panic, do you think you can hold on if you don't sell it at this time? Let's take a look at the exciting 2016!

The third step is 2016. This year can be emphasized because it is so exciting. In March of that year, the skyrocketing mode was turned on, and it rose directly to 98 yuan, a 36-fold increase in one month. Unfortunately, less than 10% of people enjoyed the increase in wealth. In April, it fell to 45 yuan again. Many people began to shout that Ethereum was a scam, but they didn’t know that in June, it rose directly to 138 yuan, fell to 54 yuan in August, rose to 92 yuan in September, and fell to 38 yuan in December. This year can be described as magnificent and ups and downs. To say how difficult it is to hoard coins, just think about this process. If you hold 100,000 ETH, can you hold it?

Step 3, start a heroic life: Although 2016 was full of ups and downs, it laid the foundation for Ethereum’s popularity and market. Therefore, in March 2017, it went straight up and rose to 350 yuan, a nine-fold increase in three months. Then, as we all know, ICO became popular in China. All projects issued tokens on the Ethereum public chain, and all projects raised ETH. From this moment on, the status of Ethereum was determined! No more suspense.

As a result, it rose to 2,660 yuan in June 2017, a 70-fold increase in six months, fell to 850 yuan in July, a drop of 78%, rose to 2,520 yuan in October, rose to 3,280 yuan in November, rose to 1,510 yuan in December, and reached its highest level at 9,100 yuan in January 2018.

Three-year summary: In more than three years, 4,900 times, do you think it is exciting enough? Keep reading. Everything has its own cycle, especially on Ethereum. The fun will continue, but you will feel that this is just a repeat of the previous story:

Step 4: In 2018, the bear market started to clean up. 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%.

Step 5: 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%. For a long time, no one dared to touch Ethereum. This momentum did not improve until the rise of Defi from October to December, when it rose to 5,720 yuan. Then, it started to go uphill again.

Step 6: Increase to 28,000 yuan in May 2021.

In less than six years, it has increased 15,000 times. If you bought 1,000 yuan at the beginning, you can have 15 million yuan. Take a closer look at the ups and downs that Yu Yu has experienced above. Ask yourself, can you really hold on? So, I said a sentence before: In this circle, there are two things that are easiest to get rich: one is mining, and the other is hoarding. And their underlying logic is the same. There are two things that are easiest to get poor: random investment projects and leveraged contracts. After several years of ups and downs, big ups and downs, 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.

#Ethereum#