The ten years of Ethereum also mark my eighth year in the crypto space | The tumultuous decade of Ethereum, my eight-year evolution of belief——
The decade of Ethereum has witnessed the rise of the true WEB3 world, as well as a flourishing development of blockchain technology:
If Bitcoin represents a monetary awakening, then Ethereum is a reconstruction of civilization.
And the decade of Ethereum is also my eighth year in the crypto space——
In these eight years, tides have risen and fallen, narratives have shifted, and I have personally experienced the ICO frenzy of 2017, the DeFi revival of 2020, the peak of the bull market in 2021, and have endured the collapse of LUNA, the downfall of FTX, and countless nights of "ETH is finished."
Especially in this eighth year, the entire community began to FUD Ethereum, with voices of pessimism rising and falling, even the once die-hard ETH supporters were wavering.
But the more FUD there was, the more resolute I became. Because I do not rely on hype to judge the future; I rely on understanding to align with the main narrative.
The following is an article I wrote four years ago titled "The Twisted Journey of Ethereum," which has been my anchor for holding ETH long-term. Today, I have decided to continue writing it.
If you are an old fan, you must remember that in May four years ago, when Ethereum broke through $4000, I first published this content on my Weibo account 【比特吴老湿】:
【The Twisted Journey of Ethereum】 (This article is priced in RMB)#
Many people do not understand the origins and development of Ethereum (ETH). I will combine my personal experiences to outline this thrilling story, which is far more dramatic than any TV drama. Without further ado, let's get started:
- Step One: In July 2014, ETH was issued at 1.86 yuan, trading sideways between 1.4 yuan and 4 yuan for a whole year. Most people could not hold on and sold their tokens in the first year, basically without profit and even at a loss.
- Step Two: In August 2015, it rose to 23 yuan, a 12-fold increase, and many people took profits and exited; by November, it fell back to 2.7 yuan, a 90% drop. During this rise and fall, over 90% of people had sold their tokens, some even at a loss. During this phase, the "God Fish" sold 100,000 ETH for tens of yuan; if not sold, it would now be worth two to three billion. But wait, can you hold on if you don't sell at this point? Let's take a look at the exciting journey of 2016!
- Step Three: 2016 was a pivotal year, full of ups and downs. In March, it entered a bull run, soaring to 98 yuan, a 36-fold increase in a month, but unfortunately, less than 10% of people enjoyed the wealth increase. In April, it suddenly dropped to 45 yuan, with many shouting that Ethereum was a scam; in June, it rose to 138 yuan, in August it fell to 54 yuan, in September it rebounded to 92 yuan, and in December it fell again to 38 yuan. This year was full of fluctuations; imagine holding 100,000 ETH—could you hold on? I admit that in 2016, I only dared to trade Ethereum short-term, resulting in losses.
- Step Four: A glorious life began: Although 2016 was turbulent, it laid the foundation for Ethereum's popularity and market base. In March 2017, it surged to 350 yuan, a 9-fold increase in three months; then ICOs became popular in China, with all projects issuing tokens on the Ethereum public chain to raise ETH. Thus, Ethereum's dominance was established! In June 2017, it rose to 2660 yuan (a 70-fold increase in six months), fell to 850 yuan in July (a 78% drop), rose to 2520 yuan in October, reached 3280 yuan in November, surged to 7510 yuan in December, and hit an all-time high of 9100 yuan in January 2018.
- Three-Year Summary: Over three years, it increased by 4900 times—enough to be exciting? But the story is not over; the cycle continues:
- Step Five: In 2018, the bear market began, with a drop from over 9000 yuan to 2280 yuan in March (a 75% drop); it rebounded to 5380 yuan in April, then fell to 1070 yuan in September (an 88% drop); by December, it plummeted to 525 yuan (a 90% drop).
- Step Six: In June 2019, it rose to 2350 yuan, then fell to 720 yuan in December; in March 2020, the "312 incident" hit, dropping to 550 yuan (an over 88% drop), and for a long time, no one dared to touch ETH until the rise of DeFi in October to December, which improved the situation, rising to 5720 yuan and regaining an upward trend.
- Step Seven: In May 2021, it rose to 28000 yuan.
In less than six years, it increased by 15000 times; an initial investment of 1000 yuan could yield 15 million yuan, but this is just talk. Reflecting on the ups and downs I experienced, I ask myself: can you really hold on?
Therefore, I once said: there are two easiest ways to get rich in this circle—mining and holding coins, as their underlying logic is the same.
The two easiest ways to become poor—randomly investing in projects and leveraged contracts.
After years of ups and downs, those who can hold on are the true winners. Great wealth does not require extreme intelligence, just enough patience; those who achieve great things must have great perseverance.
The above content has been widely circulated and has been my anchor for holding Ethereum long-term. Now, I have decided to continue this legend (the following is priced in USD):
- Step Eight: Focus on the stories of the past two years.
In 2022, Ethereum achieved a historic leap: the Merge went live, transitioning the mainnet from PoW to PoS, reducing energy consumption by 99%, and ending the history of mining, initiating expectations for "ETH deflation." At that time, a popular saying in the community was: Bitcoin is the gold of the past, Ethereum is the financial internet of the future.
But the market did not take off; instead, it faced setbacks from LUNA, FTX, and other incidents, with ETH dropping from $3500 to $1100. Once again, there was a crash and reshuffling, leading to a new round of faith questioning.
Yet I did not leave the market this time.
I began to understand that the story of ETH has transcended speculative scripts and has become a grand narrative rooted in the reform of financial order.
It carries the technical foundation of almost all mainstream narratives, including stablecoins, DeFi, RWA, Restaking, AI chains, and is the most widely used smart contract platform with the most developers and the most prosperous ecosystem, deserving the title of "king of public chain protocols."
You may question its expense, slowness, fragmentation by Layer 2, and governance chaos, but you cannot ignore that: regardless of bull or bear markets, regardless of how new public chains innovate, key assets and funds still choose Ethereum as the ultimate "settlement layer."
In the eighth year, I am still present and continue to buy ETH.
2023 has become a special year.
Since 2023, the entire community has begun to FUD Ethereum.
Some say its gains are not as good as altcoins, some criticize its congestion, high gas fees, and inefficient governance, many assert that it is inferior to new public chains, and holding it is worthless; some bet on "new paradigm public chains," Solana, AI chains, modular chains... some even predict that "ETH may become the next LUNA."
Such rhetoric is everywhere on social media: "The era of Ethereum is over," and holders of ETH, the "E Guardians," are ridiculed as foolish!
Yet I remain unwavering. I continue to tell the story of Ethereum's logic, value, and future.
Because I firmly believe:
The value of Ethereum does not lie in short-term hype, but in its quietly deepening position as a global financial operating system.
Stablecoins are Ethereum's first killer application, with hundreds of billions of USDT/USDC mostly issued on Ethereum and compatible chains;
80% of DeFi protocol TVL is centered around ETH as the core settlement asset;
RWA, AI, Restaking, Layer 2 modular ecosystems... almost all narratives ultimately land on Ethereum or its derivative networks.
It is the endpoint of capital flow, the anchor point of narratives, and the highest level of security.
On this day when the entire community FUDs Ethereum, it is precisely my most reassuring eighth year.
I have written: "ETH is a slowly built financial civilization, not a speculative container, but the framework for global value collaboration."
Ten years have passed, with tides rising and falling, narratives flourishing and waning. We have witnessed too many stories of explosive popularity and subsequent silence, too many bubbles behind enthusiasm. Only this main narrative of ETH has never broken, step by step proving itself from concept, protocol, code, application, to consensus.
I do not bet on trends; I bet on the main narrative.
I do not chase hotspots; I guard the foundation.
May in the next decade, we still be present, still telling the story of ETH, not out of faith, but out of understanding.
Not because it can make one rich, but because I witness it becoming "irreversible infrastructure," a consensus container that carries the future global assets, identities, and collaborations.
Ten years, one chain, one person, a weaving of destinies.
The script of Ethereum never repeats, yet it always bets on the future.
May we hold our original intentions amidst the storms and embark on the next great journey together in the cycles.
Focus on the ten years of Ethereum and participate in the OKX 50% discount ETH purchase event:
Entrance: https://www.okx.com/
Thank you for reading this far; you must be a loyal fan of Ethereum and will surely reap wealth!
from @BITWU.ETH
Limited-time benefits—New users register to receive a guaranteed 20+ U Bitcoin blind box 🎁#
🎁 Register on mainstream exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, etc., and collect all mainstream exchanges' latest anti-loss domain names on one webpage 👉🏻: https://linktr.ee
🔥 Solve the problem of accessing OKX, Binance, Huobi, and other exchanges from mainland China#
Many exchanges' original domain names may be restricted, or access delays may occur due to overseas servers. Ordinary users often feel confused and even doubt the platform's issues. In fact, it is mostly due to the network environment, not service interruptions. Therefore, exchanges like OKX and Binance regularly update backup domain names to ensure users can access the official website through alternative addresses.
-
- OKX backup domain Overseas OKX - requires VPN or alternative address
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi HTX backup domain Huobi/HTX
-
- Gate backup domain Gate.io (Open Sesame)
🔥 Further reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking Released 🔥【Worth Collecting】
🔥 Alpha finds useful tools for dog chasing#
1️⃣ Axiom dog-chasing tool https://axiom.trade
2️⃣ Gmgn dog-chasing tool https://gmgn.ai
3️⃣ dbot dog-chasing tool https://app.debot.ai
4️⃣ Morelogin multi-account fingerprint browser www.morelogin.com
Everyone is searching for#
Latest registration link for OKX, Ethereum's ten-year journey, latest registration for Binance, buying Bitcoin domestically, trading exchanges, OKX download registration, domestic OKX recharge, Binance App registration, Binance App download, Binance platform coin buying tutorial, Binance registration, Binance airdrop registration, Binance Apple download, how to buy presidential coins, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, Bitget mainland download registration, OKX passport registration, OKX download, Binance download, trading coins as a side job, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, NFT wallet setup, how to recharge RMB on Huobi, crypto beginner's tutorial, btc8848.com, trading contracts Tony's mindset, contract leverage bit wave, DeFi mining, crypto airdrop, can crypto airdrops still be played, what to do if contracts are liquidated, how to buy presidential coins on OKX and Binance, how to buy Ethereum on OKX and Binance, DeFi staking and mining gameplay, can NFTs still be played, web3 airdrop gameplay, how to strike inscriptions, how to strike runes, crypto beginners' entry, how to trade coins, can trading coins make money, crypto beginner tutorial btc8848.com, does trading coins make money, what is contract leverage, DeFi mining, crypto airdrop gameplay, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz