ETHEREUM Million Dollar MOONSHOT (TOP Reason Why)

ethereum is about to explode like for real while we've been focusing so much on the fundamentals the technicals are also starting to line up for the next big ethereum run i hope you guys are getting ready because it's finally moon time before we get too much into the future of etho you need to understand what's been happening behind the scenes that held the prize back from reaching its full potential by the time you get done with this video you'll understand how the price manipulation happened and why it's likely not to happen again let's get it bitswap is the hottest new way to trade tokens probably all the top decentralized exchanges biswap gets you the very best price and value for your trades bitswap is changing the game try it now at welcome to bitboycrypto the largest crypto channel in all the interwebs my name is ben everyday on this channel i show you how to make money in cryptocurrency if you like money in crypto and you don't like boring 20-minute long videos that put you to sleep and talk over your head make sure to hit that subscribe button as we press towards a million subscribers we're also going to be giving away a full bitcoin so you definitely want to join the ranks of the bit squad in this video we're going to be showing you in depth the battle that has been brewing between the ethereum miners d5 projects and the ethereum foundation that led to a severe pullback and suppression of the ethereum price we will also be discussing why as we move to the next phase of the ethereum bull run we won't see the same mix of manipulation and conspiracy and just remember as always if you ever want to trade ethereum or bitcoin on leverage by betting the price is going up with a long position you can always do that with buy bit my trading side of choice we love buy bit here on the channel we've crushed it all throughout the bull market if you want to find out more and get some sweet deposit bonuses make sure to check out deals to sign up learning how to leverage trade is a great skill that pays off big whether we're in a bull or even a bear market so let's get into the weeds here with ethereum there's one thing you have to understand about ethereum it's not in its final form in fact it's far from it that will not be until ethereum 2.0 fully kicks in but now whenever someone use the ethereum network the transaction gets an added v called a gas fee you're basically paying the miners of ethereum to push your transaction through when a lot of transactions are trying to get executed at the same time it's a game of pay to play so the higher the users bid their gas fees the more likely their transactions get pushed through quickly in the world of ethereum and device it's pivotal that we get those pushed through asap when you want to send ethereum or a token to another address these gas fees are quite low however when you execute trades or swaps on decentralized exchanges these fees can get enormous back in 2019 we were paying just a couple bucks at max now these seas have risen upwards of 200 you have to understand these are not based on the size of the transaction so a smaller trader who's only trying to trade a few hundred bucks gets pegged with a gas fee sometimes higher than the trade itself it just isn't feasible so this russian roulette game of paying the eth piper has led to many different outcomes one of these outcomes is that decentralized finance enthusiasts are being pushed into two different corners the haves and the have-nots which is contrary to the message of decentralization and crypto but let's see here who is benefiting from these gatsbys other than the miners themselves that's right you guessed it the usual culprits the whales ethereum token whales have been crushing it while retail investors have not only been crushed but outright sidelined small traders cannot justify these moves which means they can't take advantage of some of the insane gains from staking and yield farming because those are also transactions using gas you can see the size of the wallet using device is continually increasing more and more eath in those wallets these days to make money in devi you already need to have money which is a problem so the question is have the whales been intentionally keeping gas prices high in order to keep the good devi products to themselves well there have certainly been accusations thrown around at none other than binance for over inflating ethereum gas prices so how does this manipulation work pretty simple actually all you have to do is select a gassy price range that is higher than normal if a whale does that at scale over a ton of transactions then this could certainly inflate the price of an average gas transaction so while we have logically deduced that the whales and devi founders themselves could be manipulating prices down in order to keep retail traders in the game it's actually the exact opposite they were manipulating gasses upwards to keep all the money for themselves in d5 and overall this kept the number of users in d buy down which could have led to stalled prices but now let's get to the real juicy stuff the stuff you came for let's talk about eip-1559 it's led to an extreme rift between the ethereum miners and vitalik buterin ethereum improvement proposal 1559 is a proposal put up by the ethereum foundation that will allow scaling and block sizes through what is called a slack mechanism this will aid to keep congestion low and will add to the security of the network overall but the contentious part is built around what is called the base fee if a block size is below 10 million gas the base b is put to zero when congestion is high this will apply that's a lot of nerd talk to say that the miners then would not get the total cut of the transaction fee the remaining amount of the transaction fee will go to the ethereum foundation itself where it gets burned which means deleted from the supply basically with every transaction under eip 1559 that comes in times of high congestion the overall supply of ethereum goes down instead of up so not only does it address the high gas fees it also addresses ethereum's supply problem since there's no longer a motivation for the miners to select the highest gassy transactions because the extra gets burnt anyways gas prices should stay around a general expected amount while we don't know exactly how effective this will be or if it will actually work we do know two things number one eip1559 has been greenlit in july during the glendon hard fork and number two miners are pissed nothing better than a lot of angry nerds in fact some of the miners are even talking about doing a 51 attack against the network the majority of miners are not happy with this proposal getting passed you have to understand the ethereum network is made up of more than just miners but also holders and the investors are happy the miners are not after all their days of mining are coming to an end anyways with the ongoing e 2.0 upgrade brew work mining is going away by 2023 at the very latest already now many of the miners feel like this is a slap to their face an early execution if you will the most vocal of these miners has been flex pool the number 24 overall ethereum miner flex bull has been very loud about the fact they do not want eip 1559 too bad nerds in a world where there's no such thing as bad publicity flexible has certainly garnered a lot of attention with their message of stop each speculators respect the miners you can't even with this crap what these idiots think drives the prize of ethereum their math solving skills i would have them know by the way i was always the first one done with my math tests in elementary school but all i ever got for it was dirty looks speculation drives this entire market even our arch nemesis f2 pool knows that they were the only large mining pawn ethereum to come out in favor of 1559 why because we know they like money they should subscribe to the channel point is as ethereum mining goes away and is replaced by proof of stake and validator nodes it's in the best interest of ethereum miners to see the overall price move upwards that makes all the east they've mined and stacked over the years more valuable so let's check and see what flexible has been doing about this dumping of course can't make this stuff up look at what happened from the date of the infamous eip 1559 tweet from flexpool january 14th after not selling any ethereum in almost a year they started going ham with selling no shocker here after pitching what can only be known as a hissy fit they started trying to harm you the ethereum investor after almost a year basically no selling or at least very consistently low amounts you see the ramp up of their selling now is the number 24th ranked theory mining bull they aren't nearly as powerful as say f2 pool but you can see the dumping right after declaring war on speculators weird huh not really the thing that really makes me mad about this is that they're a north american pool not even ccp like the rest these are not good americans but a quick look at spark pool the largest ethereum mining pool reveals they also increased their selling starting in early january slowly ramped it up all through february peaking at selling 11 409 ethereum in one day that's millions of dollars and remember with eth it doesn't take nearly as much money moving in order to suppress the price but here's the deal eip1559 has now officially been greenlit it's going to improve gas prices and price speculation which is good for almost everyone watching this video i'm sure fierce battle over eip1559 has been probably the single biggest contributing factor to ethereum underperforming our expectations in february with this cleared out i believe march will be massive for east going into mid-april come on 2500 east you can't get here soon enough what are your price predictions for ethereum please drop those down below we'd love to hear your thoughts that's all i got be blessed [Music] you

You May Also Like