When I first heard about Ethereum, I thought it was just 'another Bitcoin'. With a try-and-see attitude, I spent $300 to buy 0.5 ETH, which rose to $1,400 by the end of the year, making me feel like a genius. However, in the 2018 bear market, ETH dropped to $80, and my assets shrank by 80%.
2019-2020: I settled down to learn.
Losses made me realize that I can't rely on luck to make money. I started studying smart contracts and DeFi, even trying to issue tokens on the testnet. During the market downturn, I persisted with regular investments, buying a little below $200.
2020: A turning point brought by DeFi.
In the summer, DeFi exploded, and I participated in liquidity mining. More fortunately, I received 400 UNI airdrops, worth nearly $10,000. I experienced for the first time: participating is more important than speculation.
2021: Lessons from the bull market.
ETH broke $4,000, but due to greed, I didn't take profits, watching my profits shrink significantly. I understood a principle: making money in a bull market relies on luck, but holding on in a bear market is a real skill.
2022-2023: Becoming a long-term holder.
After experiencing the LUNA crash and the FTX collapse, I wasn't panicked when ETH dropped to $800; instead, I increased my position. After the Shanghai upgrade in 2023, I began staking ETH to earn stable returns, no longer pursuing short-term price fluctuations.
Now: Simple strategies, patiently waiting.
Long-term holding of core positions.
Actively participating in the ecosystem (airdrops, staking, governance).
Controlling emotions, not chasing highs and lows.
The greatest gain over the years isn't how much money I made, but learning to maintain rationality amid volatility. Ethereum is not just an investment target; it is the cornerstone of blockchain innovation. There may be greater fluctuations in the future, but it is worth waiting patiently.
Investment is like practice; time rewards those who truly understand value.
I am Xiao O, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most fundamental thing is to help everyone make money. I will help you solve confusion and issues, let my strength speak, and when you lose direction and don't know what to do, follow Xiao O, and I will point you in the right direction.
