In recent years, my other Chinese crypto community has essentially died. Detailed discussions and previous tweet compilations are all available. Over the past year or so of the bull market, what’s the basic situation?
90% of Chinese crypto investors have likely lost everything because 90% of altcoins are at historical lows. The ETH ecosystem is also a major focus for Chinese investors. If you only bought ETH, you wouldn’t lose too much. But if you invested in the L2 projects I repeatedly warned about before, you’re probably deep in losses. As for centralized gambling coins, they’re not even worth mentioning.
Personally, I also officially announced on Twitter last year to stop dollar-cost averaging after the bull market arrived.
Last year's tweets recorded the dollar-cost averaging costs: BTC's cost was around 20,000, ETH was heavily invested during the time when inscriptions were popular, with a total cost of around 1,400, and ADA's cost was approximately 0.27.
Only buying reliable coins is the reason I haven't lost money now. ETH is average, but the main position is okay.
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