In recent years, one of my other important assertions has been that the Chinese crypto community is dead, and I have detailed discussions and organized tweets on this topic. What has been the general situation during the past year or so of the bull market?
90% of Chinese crypto retail investors have likely lost everything because 90% of altcoins are at historical lows. The ETH ecosystem is also a major focus for Chinese retail 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 losing big time. As for centralized gambling coins, they aren't 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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