Source: Dao Blockchain
1. Ethereum below $3000 is very risky, the overall market situation is unclear, let’s see at the end of June.
I always believe that it is difficult to judge short-term price fluctuations and they are not very significant. Looking at the long term, I feel that Ethereum below $3000 is quite safe. If it can drop further to below $2500, that would be even better, and I would consider investing more at that point.
2. How do you view the POLYX coin in the RWA sector?
I have not purchased this coin and I am not familiar with this project. Overall, my view on the RWA sector remains unchanged: this sector belongs to centralized institutional investors, and individual investors in this sector are at most just spectators. Therefore, I only occasionally pay attention to the news in this sector and do not closely follow specific projects.
Formerly well-known DeFi project MakerDAO is currently trying to expand in this sector, but from its actions, I do not see how individual investors have a significant advantage, or can profit handsomely in any specific niche.
3. Are there any airdrops for staking in third-party platforms?
I have participated in several well-known staking projects such as EigenLayer, Ether.Fi, Swell, Renzo, but my positions are not large.
4. I heard that the United States, United Kingdom, and Australia are planning to seize Chinese assets. Is there any danger to our coins on exchanges?
I suggest that instead of constantly worrying about government policies towards exchanges, the security of exchanges, potential exchange exit scams, or the impact of CZ’s imprisonment on X security, it is better to permanently withdraw assets from exchanges and store them in your own wallet.
Some readers have mentioned that it is troublesome to store assets in their own wallets and they might even lose them. Therefore, it might be better to keep assets in reputable exchanges.
I believe that the essence and genes of crypto assets are about taking responsibility for one’s own affairs. “Freedom,” “equality,” “privacy,” and “wealth” are one’s own affairs and responsibilities. In the crypto world, only investors who truly understand this idea and implement it in practice can ultimately reap their own true wealth.
Mountains may fall, people may run, only oneself is the most reliable.
5. Is it possible for all altcoins to converge into BTC, recognizing only the flagship coin?
I think this possibility is very small.
Blockchain technology will ultimately move towards large-scale, widespread applications, even though this application has not yet exploded. The day will surely come.
Bitcoin cannot carry this application because its technical limitations prevent it from achieving Turing completeness like Ethereum, and it has a ceiling in application support.
Therefore, I currently believe that Ethereum is still the one that can carry this scenario. Ethereum will not disappear, nor will it decline.
6. Is it still necessary to persist with ETHS?
I used to have this coin, but later sold it, leaving only a small amount to provide liquidity on Facet Swap. During the recent overall market downturn, I only bought ORDI and have not bought any other coins.
7. Is the current Ethereum dollar-cost averaging price still below $2500? Do you still have a positive outlook on future development?
Yes, my set dollar-cost averaging price has not changed. If Ethereum really drops below $2500, I will resume dollar-cost averaging. I still have a long-term positive outlook on Ethereum. However, honestly, in this round of development, the development of the Ethereum ecosystem is a bit disappointing: there have been no phenomenal new applications or scenarios.
But I believe this is only temporary.
8. UTXOSWAP has emerged in the CKB ecosystem, a intent-based exchange, how do you view it?
This application is not particularly innovative; it only fills in the gaps in the DeFi sector of the ecosystem. While it is important to consider such applications within a specific ecosystem, when viewed within the entire crypto ecosystem, it is quite ordinary.
I am currently more interested in original and unprecedented new applications and scenarios.
9. Many altcoins are approaching the lowest point of the bear market, how do you view the market?
For altcoins with steep price declines, if you really love them and want to buy them, then it doesn’t matter how you buy them. However, from a risk-reward perspective, I would be very cautious and avoid most altcoins.
Since both Bitcoin and Ethereum have surpassed their dollar-cost averaging prices, for a long time, except for a few select types, I have basically stopped buying coins and mostly spend my time observing or participating in some airdrops and promotions.