jakiro
Source: Daoshuo Blockchain
1. Is Ethereum’s challenge and diversion from other public chains the main factor behind Ethereum’s collapse?There has never been such a serious divergence between Ethereum and Bitcoin in the past, right?
I think the reason why the Ethereum currency price is mainly attributed to two points:
First, the Ethereum ecosystem has not seen any major innovations in application in this round of trends.
Second, other blockchains divert Ethereum’s attention in terms of innovation or hot topics.
Regarding the first point, some readers may say that in this round of trend, Ethereum has re-staking and second layer expansion. Isn’t this a big innovation?
In my opinion, these innovations are indeed innovations, but they are innovations in infrastructure, not innovations on the application side.The user base for innovation in infrastructure is niche, and innovation on the application side can radiate to a wide range of user bases and trigger rapid growth of the ecosystem.
In the last bull market, DeFi, NFT and chain games of the Ethereum ecosystem are very typical application-side innovations.In particular, NFT has attracted a large number of users to enter the Ethereum ecosystem in an almost no threshold.
And this round of Ethereum is still too lacking so far.
Regarding the diversion of Ethereum’s attention by other blockchains, the most typical examples are the rise of the Bitcoin ecosystem and the emergence of Solana meme coins.
The growth of these blockchain ecosystems has created a huge wealth effect in the short term, diversion of a large number of users and hot spots from the Ethereum ecosystem.
However, in the long run, I am not worried about these issues, because I firmly believe in the creativity and vitality of the Ethereum ecosystem, and I firmly believe that the Ethereum currency price will not be so sluggish for a long time.
2. What position is suitable for the layout of the short position now?
If you have a short position in this position, but you still want to do something, I think it will be embarrassing because it feels a bit like “no village in front and no store in back”.
My advice to this is:
Either continue to have a short position. No matter what happens next, you are not allowed to buy any coins yourself. You are forced to watch everything that happens next, and then reflect on what mistakes you made in this round and where the wrong operations are done.
If you don’t want to short positions, just buy Bitcoin and Ethereum. This is a safer and controllable method.But now buying Bitcoin and Ethereum, even if you wait until the bull market climax, your returns will probably be very limited.Therefore, it will be very difficult to lock profits as much as possible in such an operation.
3. Magic of 0.78 doubled a while ago and did not show up. This time it fell to 0.6 again. Do you still need to take it?Also, is this a big drop before and after the halving?
So far, all my fixed-invested coins (including Magic) have never been issued, and they will not be issued now.I will still follow what I have written in the article many times. As long as their team does not have big problems next, I will patiently wait until the bull market arrives before cashing them out.
As for whether this big drop was a big drop before and after halving, I guess what this reader wants to ask is whether this big drop was the last big drop before and after halving?
If this is a question the reader wants to ask, I can only say that I cannot predict such fluctuations, but I can handle such fluctuations completely.
Why?
Because if I follow my method, I would:
First, determine whether the market has entered a bull market.
If you do not enter a bull market, then continue to follow the strategies we set in a bear market.
If you enter a bull market, then follow the selling strategy I set in the bull market.
The current situation is based on my standards. There is no bull market yet, so I continue to follow the strategy I set in the bear market: because Bitcoin and Ethereum have passed the fixed investment price, I will no longer invest.I won’t buy other fixed-invested coins anymore.Then, when the remaining funds meet those you like and think they are valuable, they will occasionally buy some.
So as long as we have arranged market fluctuations in the pre-set operations, we will do it according to the set operations when these fluctuations arrive.
