Ethereum can make you a millionaire this bull run!?
Well, not it cannot, unless you are sitting on at least 100 thousand dollars already.
Those youtubers, putting it in your head it will make you millions, are FAKE AF, and you
should stop watching them.
They don’t even like Ethereum, hold millions of it themselves, and will switch to Crapdano
on the flip of a dime.
Give it a month, you will see, but not me, because it’s time for Chico Crypto!
So, I’ve said it before & I’ll say it again.
The Max, I see Ethereum getting this bull cycle is $10k, that is only under a 7x, from
the current price of about 1300 dollars.
So, you would need at least 130 thousand dollars in Ethereum right now, if you wanted to become
an Ether millionaire in this bull cycle at a very high & optimistic peak.
How many of you have 130k in Ethereum right now, or have 130k in cash ready to be put
into Ether?
Sorry moon bois and girls, I’m a realist, and the reality is many won’t make it to
that crypto millionaire status this run...
Don’t be fooled by those fakers that have no loyalty to decentralization, but put their
loyalty towards greed…
So let’s look into the reality of situations today.
The Reality is, I’m an Ether loyalist, and you will see that throughout this bull run,
while others stray away….Why am I loyal to ETH?
Well if you look deep enough everything is being built on Ethereum & now is still the
time to seize the moment, as in a couple cycles accumulation could bring you elite status
like millionaire.
Last bull run 2017, I knew what Ethereum was, I knew all the developers were building on
it, but I thought it could be improved, that is why I started covering the “Ethereum”
of China, NEO.
Well, as we found out, that was hogwash...even if it could handle more tx’s, as it was
more centralized...developers stayed on Ethereum…
This is evident, by even the few completed NEO dapps, bending the Knee to ETH.
Both switcheo and NASH have integrated ethereum trading.
If they didn’t, they would already be dead.
It wasn’t only NEO, there was a pure ethereum copy Tron, which used dpos, bigger tx limit,
higher TPS….yet developers and users stayed with Ethereum.
EOS provided dpos too, big transaction limit, higher tps, but we know devs and users stayed
majority with Ethereum.
There were options….many Eth competitors, yet they failed to take the thunder.
And each of them have bent the knee too, creating ETH bridges back to their ghost chains.
Bridge Oracle coming for Tron, EOS had the waterloo bridge built by kyber in July 2019,
which seems to be completely abandoned, going to Kyber’s github, bridge EOS smart contracts,
last worked on December 2019 and clicking in, yes it waterloo...seems abandoned, but
a second try, from liquid apps, in October of last year, they said they had an ethereum-eos
bridge breakthrough with the big media outlets saying the same thing…
Well it’s been 4 months what has happened with the bridge regarding adoption?
Well a month later, in November a dapp, Yup said they were utilizing it to help power
their network, and then they tweeted about the bridge….and it’s built to transfer,
but only Yup tokens.
Now within the bridge, they have a direct link to buy yup tokens….I wonder if it takes
you to a DEX built on EOS?
Well of course not, it takes you to a uniswap liquidity pool, and as you can see, there
isn’t much volume or tx’s going down.
Because, trying to mash together two incompatible blockchains, it doesn’t work.
Remember, this bridge and two way integration with Yup has been out for almost 3 months
now...going to the yup.finance, their liquidity mining interface ...No Metamask integration,
when going back to the bridge, it has had it since November?
I would say they are running into problems, and it just might be too late by the time
it's solved...
ETH competitors of old, Eth competitors of new.
In my opinion they will fail.
Most were built to be a separate blockchain network, incompatible from the beginning.
Now they are all trying to rush out bridges...because a silo to Eth’s liquidity equals certain
death.
And another example, even those chains, that were rushed out to be fully compatible, when
an incompatible one didn’t work.
Will run into issues.
Binance Dex, incompatible failure.
Binance Smart Chain, rushed out to be compatible.
And it Couldn’t handle a popular dapp.
The HOPR testnet took it down.
They tweeted, interest overwhelmed their bootstrap node, and also binance’s own websocket endpoint?
The first two testnets seemed to go smooth, but this one was cut short.
Who's to blame?
HOPR put it on both them and Binance's own smart chain.
It’s a lot of failures, all around, except for those chains that weren’t rushed out,
and were initially built to be fully ethereum compatible.
I’m not gonna name names, but you should know what i’m talking about.
But this episode, is all about reality, and the reality is...things are about to get real
icky ricky sticky for Ethereum.
If this bull run continues, its gonna be a rocky road on the way up to $10k Eth.
Why?
Because the more things change, the more they stay the same…
A war is going to rage, just like in 2017, for control of a network.
2017, it was bitcoin miners vs bitcoin miners for the bitcoin blockchain.
In 2021, it will be ethereum miners vs ethereum stakers for the ethereum blockchain.
Everyone should know Ethereum is moving to proof of stake, the beacon chain is launched
and is growing daily with the number of staked Ether and the number of validators online.
This is not good whatsoever for those who mine ethereum, with proof of work.
Miner profitability is once again surging to past bull run levels aka the large Ether
farms and pools only see dollar signs.
And they are going to want to keep it that way.
And miners are beginning to take a stand.
EIP 1559, a bullish roadmap stop, planned to come in 2021, is going to affect the miners.
And miners are beginning to take a stand.
Bitfly and Ethermine stated they are against it, as it’s future may be at risk.
Ya at risk to the miners….and they are a large mine, the second largest controlling
over 20 percent of the hashpower.
So you wanna know who is against and who is for it?
Luckily, stopeip1559.org has the mining pools sorted.
Those who are against and those who are for it.
Although, the for it ones, haven’t officially all stated they are….they could flip to
the against side at any time, and as this year goes on and the EIP gets close, many
will flip their positions.
Except f2pool, who is a significantly large pool...third largest controlling just over
10 percent of the hashpower.
Their co-founder, Wang Chun...everybody Wang Chun tonight...everybody have fun tonight.
Tweeted “4 years ago also in January, I woke up with tons of message alerts trying
to sell me BIP109 aka Bitcoin Classic which seemed coming from nowhere.
Classic has since been patented.
We will not have yet another Classic and I will mute anyone who spams us with #No1559
And then Tim Bieko, ethereum dev asks him “Can we take this to mean that F2Pool would
support 1559 (assuming it's safe, has community support?)
Of which he replied “I would”
That’s a good sign, because EIP 1559, is a good thing, for ethereum holders and stakers,
the users...but not good for the miners.
So why would a miner support it?
Well f2pool realizes you have to adapt to survive, and they promote their new ethereum
staking service, as their new mining experience.
Adapt, to survive or drift in obscurity.
And Chico Crypto is adapting, as I am a solo Etherem staker, with a node.
You wan’t the path to future Ethereum millions, follow the path of its future.. and be on
the ground floor of the new mining experience.
I was trying to say back in November, the race to accumulate 32 ETH for staking was
on...back then I showed it cost about 12800 bucks...how much is it today?
Over 40 thousand bucks.
Well, let’s see the rewards, I got prepared for staking by December 11th, and my rewards
have been solid, for early staking, they are slowly going down as more people come online,
but the stats are still solid, I’ve earned .3349 of an Ether, in 40 days.
Aka 440 bucks at current prices, and its APR in ETH, is 12 percent.
This channel is not gonna bull crap you into believing you will be a millionaire tomorrow
or next week.
It takes effort, hard work, and a good path I see to that long term, is with Ethereum
staking.
Those who push that tommorow narrative...have ulterior motives, and it usually comes down
they have something to sell.
A crapcoin, Use my bybit link below.
Psst ya right.
Cheers I’ll see you next time!