Source: The Blockchain Way
1. Have the positions of Bitcoin and Ethereum changed in my portfolio?
The allocation of these two assets in my portfolio has remained relatively stable, consistently representing over 60% of my holdings.
2. The ETHS community is constructive, moving in a positive direction. Should I consider buying back in?
There are some promising individual communities emerging around ETHS (such as Ethscriptions, Facet, etc.), but as I have mentioned before, the development of Ethereum’s tokens is currently lacking support. Projects with significant influence and recognition are still scarce.
Recently, there has been a positive development with the Ethereum Foundation providing sponsorship to the Ethscriptions team, hoping for further advancements in Ethereum’s token ecosystem. However, relying solely on individual projects, no matter how excellent, may not be enough to sustain a thriving ecosystem. Therefore, I have not significantly increased my ETHS holdings, but rather provided liquidity on facetswap to stay engaged with the facet ecosystem.
3. Cancun’s upgrade has paved a highway for ETH, bringing new possibilities.
I strongly agree with this viewpoint. It is only when the tide recedes that we can see who is swimming naked. After this period of adjustment, when all assets have settled down, and market frenzy subsides, we will realize that among the major public blockchains, Ethereum has the most robust infrastructure, excelling in the impossible triangle of decentralization, scalability, and security.
With the second layer scaling solutions in place, the Ethereum ecosystem can now support high-speed, low-fee applications on a scale higher than the previous cycle.
The focus of the crypto ecosystem in the coming period should be on application-side innovation and development. Currently, the crypto ecosystem is lacking killer applications. However, once new applications and scenarios emerge, I believe they will first appear in the Ethereum ecosystem.
4. What is DAI? Why are Ethereum fees called WEI? Who is the Chinese individual behind it?
I have previously introduced WEI DAI in one of my articles. It is confirmed that he hails from mainland China. In an English article on his personal website, he describes the harrowing experiences of his grandfather in mainland China from 1965 to 1975.
It was these experiences that fueled his relentless pursuit of decentralization. In the decentralized world he envisions, the primary issue to address is decentralized currency issuance, leading him to write the paper quoted by Satoshi Nakamoto.
However, he shifted his focus from the crypto ecosystem to research on ethics and regulation of artificial intelligence after that.
5. Starting with a $60 investment in Bitcoin, the price is not low but manageable. Personally, I believe the bull run is not over. If it is, I will extend my investment period, waiting for the next cycle, always investing only with spare funds.
While I have reservations about this reader’s approach due to the high operational costs involved, I still appreciate their strategy. They are fully aware of the risks and rewards of their actions, and most importantly, they know how to mitigate risks by investing only with spare funds.
Investors like this, who persist in their practice and self-improvement, enduring a couple of bull and bear cycles, will undoubtedly become mature investors and achieve their desired returns.
