During the online exchanges last Saturday, many friends expressed great concerns about the current market conditions and future expectations.
I remember that I could feel this concern during our last online exchange, but this time it felt a little different:
The last time this feeling was conveyed, the positions held in altcoins (coins other than Bitcoin and Ethereum) were relatively high; this time this feeling is conveyed because the positions held in Bitcoin and Ethereum are relatively large.
According to my long-held view: If you hold a large amount of Bitcoin and Ethereum, there will be no major problems in the long run and the risks are completely controllable.
Although the current crypto ecosystem has encountered serious problems in application innovation, this ecosystem still has great potential and hope even if we look into the future for a long time.
During the online discussion, I cited a passage of history that I recently read in Fisher’s book:
In the 1940s and 1950s in the United States, semiconductors became an emerging industry and a hot investment area at that time. Even today, we are surprised to find that semiconductors are still a hot investment area in the global high-tech field---it's just that the form of semiconductor products has changed dramatically, from small electronic products to chips and artificial intelligence hardware cores that people could not imagine at that time.
The semiconductor industry has been able to stand firm in the world for more than 70 years and is still popular. What about today's blockchain technology?
Bitcoin and Ethereum are innovations at the level of human civilization, and their potential cannot be underestimated. Blockchain technology is entirely possible to interact with innovative artificial intelligence at another level of civilization in the future to produce applications that we cannot imagine.
I have full confidence in this technology.
In addition, I also expressed another point in the exchange, which I expressed in an article a long time ago, but rarely mentioned later. But now, I think it still holds true, that is:
I believe that the main driving force that will continue to drive the entire crypto ecosystem forward in the future will probably still come from Ethereum, and I still believe that one day the total market value of Ethereum will exceed that of Bitcoin.
So for friends who hold Bitcoin and Ethereum, I don’t think they need to worry too much about the prospects of these two assets.
I think the concerns expressed by friends during the communication do not come from Bitcoin and Ethereum themselves, but from the tremendous pressure that the severe current macro-environment has brought to individuals and families in their lives. The greater possibility is that a slightly larger proportion of the funds on hand are invested in encrypted assets, which has affected and interfered with daily life.
In this case, I can only suggest that you must make life your primary goal. If problems really arise, it is necessary to sell some Bitcoin and Ethereum.
No matter how precious Bitcoin and Ethereum are, they are not as precious as people. As long as people exist, miracles exist, and the future exists.
In addition, I would like to remind everyone that although this industry always seems to be full of opportunities to "get rich quickly", many of those opportunities are actually just mirages, and most people can only catch a few.
As far as I know, there are not many jobs and positions in this industry that can really provide stable income, and even if there are, the requirements for people are very high. So unless your personal conditions are particularly good and the position is really reliable, you should not easily give up your current job and switch to the crypto industry in this harsh environment.
