Because Bitcoin has surged to challenge its previous highs, altcoin leaders haven't rebounded much. During this time, Ethereum has kept everyone on edge 💝. Various jokesters have started to mock, with a man telling a woman: 'Once my ETH breaks even, I'll divorce you.' The woman feels warm inside after hearing this; it's the longest confession of love. Both Ethereum and Bitcoin are still 2000 USD away from historical highs; these discussions are just for fun. My main position is in Ethereum, and its performance has indeed been frustrating!
In the movie (The Grandmaster), there's a line: 'Kung Fu, two words, one horizontal and one vertical. Right, stand; wrong, fall. Only those who stand have the right to speak.' Investing is the same; there's no need to argue about right or wrong, just look at the results. Generally speaking, when Bitcoin breaks its previous highs and retraces, the released funds will flow into altcoins; but right now, the performance of altcoins is so poor that one can't help but ask: is this bull market going to be 'left hand BTC, right hand MEME'? Does Ethereum have nothing to do with altcoins?
I don't think the time has come yet; there are still opportunities! But there are a few conditions:
a. It depends on Vitalik's decision! We can donate money for charity, but we need to carefully choose Ethereum's future development path. Collaborating with various L2 projects is fine, but completely removing Ethereum's use as GAS on L2 is absolutely unacceptable! Ethereum should aim to become a non-profit project; without revenue, how can you sustain development? It has already open-sourced and supported a bunch of major L2 companies; don't follow UnionPay's example, as major banks make money but don't let UnionPay spend it!
b. It depends on Wall Street's decisions! Ethereum is more suitable for creating real asset chains compared to Bitcoin. If one day Wall Street issues RWA on the Ethereum chain, and RWA, lending, payments, DEPIN, etc., become commonplace, the Ethereum ecosystem will undergo substantial changes and take off!
c. The influx of capital in the crypto market is increasing! After a flood of capital, the logic shifts back to the old order: Bitcoin -> Ethereum -> mainstream -> altcoins -> MEME, leaving a way out for all participants in the market.
d. Ultimately, it can't avoid the DISS and mockery from the crypto community. We're not afraid of FUD; we're afraid of no one FUDing! Every instance of FUD is the cornerstone of Ethereum's progress. If Ethereum still wants to be a player, it cannot ignore the opinions of the majority and must make changes that meet expectations!
e. Lastly, just to gauge the situation, based on the number of days until the halving, altcoin season will be here in 54 days! Bitcoin currently holds 60% of market capitalization. The last bull market started in December 2020 when Bitcoin held 70% market share, and then altcoins began to explode!