In the blink of an eye, Ethereum has been around for ten years. I did the math and realized I have been in this space for 8 years! I feel a bit regretful for not witnessing the historic moment of Ethereum's birth. However, I feel particularly fortunate to be a witness and a small beneficiary of Ethereum's growth.
Ten years ago today, the Ethereum mainnet officially launched, with an initial issuance price of only $0.3. Who would have thought that ten years later, its price would be approaching $4000, an increase of over ten thousand times, and its market value ranks as the 28th largest asset globally, becoming the second only to Bitcoin in the cryptocurrency space. Given the current situation, it seems very difficult for other coins to shake its position as number two.
Ethereum has an ultimate vision: to build a supercomputer system based on decentralization. Achieving this goal has not been easy; it has gone through many ups and downs. In the beginning, Ethereum had 8 co-founders, but they gradually left for various reasons, and 'Vitalik' ultimately became the spiritual pillar of Ethereum. From the founders' split, the hard fork triggered by the DAO incident, to the controversy over the transition from PoW to PoS and various upheavals within the foundation, Ethereum's price has also fluctuated. Especially in the past year and more, it has lagged far behind Bitcoin. But who would have thought that under such circumstances, Wall Street capital would set its sights on it, leading to a surge in price, now challenging the $4000 mark.
I am a value investor and don't care much about short-term price fluctuations, especially regarding Ethereum allocations. Even when the bull market is at its craziest, I will still keep a portion on hand. I have said many times before, the logic of value investing not only looks at the project itself but also at the people. Vitalik Buterin is a crypto genius; he is willing to continue working hard for Ethereum, so I will always be optimistic about it. Perhaps many people think that Ethereum's value mainly lies in its decentralized ecosystem, and even if it were to stop one day, it could still continue to develop positively. I do not deny this viewpoint, but personally, investing in people and investing in projects are not contradictory; in fact, I believe the weight of investing in people is even greater.
Looking back on the past 8 years of investment experience, being firmly optimistic about Ethereum is definitely one of the best decisions I've made. My most successful maneuver was during the great bear market in 2018. At that time, Ethereum's price plummeted to over $100. I seized the opportunity and invested all my funds little by little, and I have never cleared my holdings. In secular terms, Ethereum is like my 'noble person.' I will continue to support it, accompany it in realizing the dream of a supercomputer, and ultimately stand at the peak of human technology.
