Ethereum’s biggest mistake was to abandon the mining mechanism and decouple $ETH from its cost anchor.
The biggest promoter of Ethereum in the era of GPU mining is the GPU manufacturer. Huang made the GPU into an unlocked and locked computing power version. The original gameplay is that Ethereum increases the difficulty of mining, the GPU manufacturer releases a new generation of GPUs, and then the mining farms buy them in batches. The GPU manufacturer uses the profits from selling GPUs at high prices to buy Ethereum, pushing up the price of the currency. The mining farms continue to buy high-priced GPUs as their mining profits increase. Then, OTC institutions see that it is profitable and enter the market to buy Ethereum, and the price of the currency continues to rise. Graphics card manufacturers, developers, mining farms, and OTC institutions all make money!
Vitalik and the developers later settled accounts. It turned out that Huang made the most money in the Ethereum ecosystem. The developers did not make as much money as the graphics card sellers. This is not okay. I changed to a certification system with low energy consumption. The most feared business in this world is to eat alone. Huang saw that you want to eat alone. I have a lot of Ethereum in my hand. Anyway, the graphics card cannot be sold. I will play with you. If you push up the price, I will sell it. So everyone can see clearly that there will be a huge amount of selling orders when Ethereum rebounds strongly. Huang has not sold all the huge amount of Ethereum he hoarded during the mining era. Ethereum still wants to soar. What is he dreaming about?
The low-energy ecological chain is the biggest mistake Vitalik made. Tencent's Q coin consumption is not lower. Tencent should just launch a blockchain project. Ma's Q coin should be unified in Tencent games. Isn't this a ready-made ecosystem? It is also super low-energy. High energy consumption, graphics card mining is the moat of Ethereum. Vitalik has dug the moat, so it will become a copycat coin. Tencent should quickly put Q coin on the blockchain to kill Ethereum.
Therefore, all friends in the cryptocurrency circle should learn from Lao Huang. Go short when the price rebounds. Lao Huang will sell the coins if the price rebounds by 5%. If you don’t go short and buy Ethereum, you will be stupid! Satoshi Nakamoto is smart and knows that everyone can make money. He faked his death and changed his name after buying a lot of coins. Then a lot of miners and computing power manufacturers will spontaneously promote Bitcoin. If you hoard coins, Bitcoin will be valuable!
How is it? Ethereum fell as I expected. The most important problem after Ethereum was decoupled from the graphics card is that it boasted many applications, but failed to come up with groundbreaking applications. This is called expectation falsification in the capital market. Now it can be confirmed that Ethereum has the potential to return to zero. All rebounds are good opportunities for short selling. Funds are moving away from the Ethereum ecosystem. For real-time operation, short selling is done when the price rebounds by 5%. The first short selling target is $3,000. It will fluctuate repeatedly around $3,000. As long as it breaks through effectively, funds will accelerate the exit!
It is exactly the same as the calculation of the quantitative model. The big Ethereum pledgers quickly sold Ethereum when it rebounded. There is no whale support at all. Ethereum's fate is to return to zero! As long as it breaks through $2,800, it will accelerate to $2,000. The decline of cryptocurrencies such as Ethereum is accelerated. Every time it breaks through a key threshold, the decline will accelerate until it finally returns to zero. Because Ethereum has been promoting the low energy consumption of the certification system and the development of revolutionary applications, revolutionary applications have not been developed. The revolutionary selling of the whales who pledged Ethereum is obviously cashing out and leaving the market. Don't hoard coins and be careful to take the last baton!
