Is it going to be a bear market for a long time?
During this period, the market has been consistently sluggish, and I believe many investors are quite low in terms of emotions. I also feel very dull.
As for whether this situation will last for a long time and enter a long bear market, I cannot predict. However, it does remind me of the situation at the end of the previous bear market.
I remember it was around the first half of 2020 when I wrote in an article: At that time, I couldn’t see any innovation in the application of Ethereum in the market, and I couldn’t see any signs of large external funds entering. Therefore, I believed that even if there was a bull market next, it would not be a very strong one. I estimated that the peak value that Bitcoin might reach would be between $20,000 and $50,000.
But just a few months later, a miracle happened:
Compound launched its governance token, and the liquidity mining model emerged. DeFi officially triggered a frenzy, and the grand scene of the previous bull market began.
Sometimes, miracles happen unexpectedly.
In my opinion, the crypto ecosystem is the most friendly, low-threshold, and easiest place for innovation among all high-tech ecosystems in the world. I believe the next miracle in the crypto ecosystem will also appear.
So, despite the current market conditions being very bleak, I think we should not lose faith in this vibrant and energetic crypto ecosystem.
Even if we have to endure a long period of suffering in this bear market, as long as we hold this position, once the miracle happens again, heaven will not disappoint our patience and persistence.
2. Which cold wallet is recommended? How is the OneKey brand cold wallet?
I won’t recommend a specific cold wallet. My friends and I use both OneKey and ImToken.
3. Is there any way to earn money from Fuel?
Fuel is a modular blockchain and a special extension system in the Ethereum ecosystem, focusing on extending Ethereum’s capabilities. I have also participated in some operations in this blockchain.
4. Does Vitalik still have plans for sharding?
Based on Vitalik’s articles in the past year or two, he hasn’t mentioned sharding development much, so I believe his focus in the short term will not be on sharding.
His focus on second-layer scalability will be on strengthening the interconnectivity between different second-layer solutions and solving the problems between them.
5. Can Linea and Scroll still be profitable?
I occasionally participate in operations for these two extensions when I have time and remember, but I do not engage in operations like POH in Linea. I have a strong aversion to such things.
6. What is the future of ORDI? Is it still worth buying at around $50?
Regarding ORDI, I still believe that once the bull market arrives, ORDI’s performance is likely to be leveraged compared to Bitcoin. I wouldn’t buy at around $50. I bought some when it was around $30 a while ago.
7. How is MATIC?
I think the Matic team has consistently performed well. They have created several projects, and their developed ZK CDK is being used by more and more projects to create new ZK second-layer solutions. So, I haven’t paid too much attention to its price. Apart from exchanging some Matic for OP and ARB recently, I have been holding onto the rest.
8. How is Magic? The team has been making continuous moves, which is positive.
The main positive news I know is that the project team is developing second-layer scalability for Ethereum. This is indeed a worth-trying solution. In the current environment, I cannot see a better way for revitalizing projects.
9. How is SATS?
I haven’t sold any of this coin and have been holding onto it. I will sell it during the bull market.
