Is the crypto ecosystem still worth deepening?

- Time flies, and cryptocurrency is my greatest hope! Infinite imagination.

Recently, some articles in the crypto ecosystem compared the price increases of several major assets this year (including the S&P, A-shares, gold, silver, and Bitcoin), and found that Bitcoin's increase was actually the lowest among them, even lower than A-shares.

Seeing this result, many people, including several so-called KOLs and influencers, vented their emotions online, saying things like "crypto is dead."

In fact, the harsh market conditions and situations we have experienced in the past were far more brutal than this year, but ultimately this ecosystem has come through because its fundamental motivation and driving force are still there—this remains true today, the vitality of the entire ecosystem is still strong, and those who work hard and strive silently are still present. Therefore, when it comes to the future, I remain infinitely optimistic about it.

Thinking back to the loosening of crypto policies since Trump took office and the recent surge in precious metals, I increasingly feel that the world is dividing into two extremes in terms of financial assets:

On one side, the U.S. is intensifying its push towards "virtual," promoting the on-chain of assets and fully embracing crypto assets; on the other side, financial giants are consolidating their precious metals businesses in Singapore, while our country is focusing on embracing physical precious metals.

In fact, both trends are correct. The latter is merely gradually reducing the excessively exaggerated trading leverage of the past, anchoring precious metal trading to real physical assets; while the former aligns with the historical process of virtualization and AI in human society.

I believe both trends will become stronger, and the continuous strengthening of these two trends will catalyze another explosion of crypto assets and the resurgence of the application ecosystem, which is just a matter of time.

I also see the crypto ecosystem as my greatest hope in this life.

- After reading articles for so many years, I only agree on one point: investment must primarily be in Bitcoin and Ethereum; everything else I think is meaningless to us.

I strongly agree with the statement that "investment must primarily be in Bitcoin and Ethereum."

I suggested to readers long ago that Bitcoin + Ethereum should account for at least 50% of their portfolio;

There was also a time when I specifically corrected some readers' misunderstandings: I have only recommended Bitcoin and Ethereum.

All other projects mentioned (including those I once invested in) were never recommendations, but I wrote them down because I believe they represent some typical thoughts and viewpoints I had at the time, for reference only.

I have also said that the purpose of this article is not to tell everyone the secret to wealth, but to share the pitfalls I have encountered and the lessons I have learned, so that readers can avoid detours and pitfalls.

This increasingly resembles what Duan Yongping said: in investing, what is "right" can sometimes be hard to say, but what is "wrong" is often easy to discern. So, we might as well stop doing those "things we shouldn't do" and avoid those "wrong things."

That said, agreeing that "investment must primarily be in Bitcoin and Ethereum" is not easy at all.

For many people, it may take experiencing several rounds of bull and bear markets, suffering countless losses, stepping into numerous pitfalls, riding several roller coasters, experiencing several dramatic ups and downs in paper wealth, or even witnessing a few overnight fortunes followed by total loss… before they can return to this seemingly simple principle.

And recognizing this principle after going through all that is also quite difficult.

There are still a considerable number of people who may spend their entire lives revolving around those circles, going in circles, and never being able to break free.