bit of a head and shoulders look here... Thoughts? down or up?
://tried to post this about 20 hours ago but my 72 hour ban for posting links in an idea was still in effect_
://short term im not sure how ETH gets through 2k and must break 1870 1900 decisively or some sustained sideways as BTC and alts catch up to eth a bit.
_So much money in ETH makes me a bit nervous due to its a great jump off a point ie easy to miss a pump or dump... the money is where it needs to be stationed at the gateway to crypto-verses not 3 blockchains deep in some random avax or BSC alt project etc.
_+The other part that has me nervous here is all the ETH getting staked on L2. (this is the upgraded ethereum network the ETH team is preparing to launch next winter)
_First we have watched numerous date changes and push backs with launching V2 ethereum or layer 2 eth. (this is fairly common in this frontier tech and finance wild west world, much more so then any other industry it very common to change release dates and other upgrade launch plans in any and every crypto project) yes we have some of the smartest minds in the world working on this but that still doesnt change the facts that all this tech not to mention integration into current tech and markets presents a mess of a swamp of issues to be overcome/addressed. This is a major road block that presents exponential amount of variables and issues that will need to be slowly and steadily addressed. IN SHORT if you aint used to this wild west, none to barley any rules, finance and investment world that is crypto then of course you would think, "even if not launched as planned how much longer would it even take to get sorted out, these are some of the smartest tech and hopefully finance minds in the world, so how do they not figure that one out.
This is a worse version of the whole CEL and Voyager and N17 fund going down and yes much of their value was locked on layer 2 ethereum staking projects etc. the problem with a large set of dominoes strucred after our current micro banking networks and strategies is that the playing field rules and tech are always shifting and changing in crypto at present. what if this or that project or group promises x percent return on x amount of time for staking their eth. ok great the problem is the underlining assets supporting the value of these payouts are contingent on market conditions playing out in concert with emerging tech and this layer 2 project happening on schedule .... anyone else see any potential problems here>?
://short term im not sure how ETH gets through 2k and must break 1870 1900 decisively or some sustained sideways as BTC and alts catch up to eth a bit.
_So much money in ETH makes me a bit nervous due to its a great jump off a point ie easy to miss a pump or dump... the money is where it needs to be stationed at the gateway to crypto-verses not 3 blockchains deep in some random avax or BSC alt project etc.
_+The other part that has me nervous here is all the ETH getting staked on L2. (this is the upgraded ethereum network the ETH team is preparing to launch next winter)
_First we have watched numerous date changes and push backs with launching V2 ethereum or layer 2 eth. (this is fairly common in this frontier tech and finance wild west world, much more so then any other industry it very common to change release dates and other upgrade launch plans in any and every crypto project) yes we have some of the smartest minds in the world working on this but that still doesnt change the facts that all this tech not to mention integration into current tech and markets presents a mess of a swamp of issues to be overcome/addressed. This is a major road block that presents exponential amount of variables and issues that will need to be slowly and steadily addressed. IN SHORT if you aint used to this wild west, none to barley any rules, finance and investment world that is crypto then of course you would think, "even if not launched as planned how much longer would it even take to get sorted out, these are some of the smartest tech and hopefully finance minds in the world, so how do they not figure that one out.
This is a worse version of the whole CEL and Voyager and N17 fund going down and yes much of their value was locked on layer 2 ethereum staking projects etc. the problem with a large set of dominoes strucred after our current micro banking networks and strategies is that the playing field rules and tech are always shifting and changing in crypto at present. what if this or that project or group promises x percent return on x amount of time for staking their eth. ok great the problem is the underlining assets supporting the value of these payouts are contingent on market conditions playing out in concert with emerging tech and this layer 2 project happening on schedule .... anyone else see any potential problems here>?
