Reflections on the Past, Present, and Future: My Blockchain Journey
Hello! In this post, I want to talk about what I'm currently doing, reflect a bit on the past, and share my thoughts about the future. The year 2020 was a turning point for the world and for me personally. That's when everything started, as I began to question things more deeply.
I started university in September 2020, but due to the pandemic, I was studying remotely. One of my professors assigned us to present on a technological topic of our choice, and we were scheduled week by week. In the first week of October 2020, a friend of mine presented about Bitcoin. I went to my father and asked, "How many BTC did we have back in the day?" He said, "10." When I asked why they sold, he replied, "We needed the money." My first action was to transfer money from my bank account to an exchange and buy Bitcoin. I knew nothing about it; I just wanted to make money.
After that, there were significant rallies, especially in altcoins. I was inexperienced and made money without even knowing what these coins were for, and I started dreaming big. It always felt like prices would keep going up. Then, there were serious crashes. During this time, I started to develop myself in blockchain technology and stopped seeing it just as a way to make money.
I'll never forget: in 2022, someone asked Vitalik in a live broadcast, "What is the purpose of Ethereum?" Vitalik replied, "We are building a computer so people can realize their dreams." After that day, I started to research and embrace Ethereum even more. I no longer cared about making money; my goal became to build something for Ethereum or support those who do. Money would come anyway.
Since then, Bitcoin's price has increased about 6 times, but Ethereum is only 3x from its bottom. People think Ethereum is dead or won't rise, but that's wrong. In every cycle, first BTC, then Ethereum, and then other altcoins rise. Even though Bitcoin is above $100k now, the market has never been this boring and painful. Altcoins keep making lower highs.
Let's imagine: you bought Coin A at $1, it went to $2 but you didn't sell, dropped to $0.9, didn't sell, rose to $1.2, didn't sell, dropped to $0.5, didn't sell, rose to $0.75, didn't sell, dropped to $0.25, still didn't sell. If it goes back to $0.75, you'd sell without thinking. That's exactly what's happening now. But I believe the real move will come after this, and prices will go much higher. I hope everything will be great after Ethereum breaks its all-time high :)
Of course, there are some economic risks, but I won't mention them anymore because they can be misleading. Either act according to the economy or follow BTC cycles. If the cycle happens, BTC should go above $180k. You can check the Pi Cycle Top indicator; it's a good leading signal. When BTC.D drops, I recommend selling your altcoins and becoming a developer in this space; it's more fun and less stressful.
I think Bitcoin may face security issues in the next 10-20 years, you can research this. That's why we need to make Ethereum scalable, decentralized, and secure. In the coming months, I plan to develop a protocol using the o1js language and will focus on that.
Below, I've left a few charts—hopefully, they'll come true :) I'll be writing more articles soon, but they won't be about price cycles; I'll focus more on technology and engineering. See you for now...
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