Maybe I'm being too optimistic, its not like I own a ton of ETH or something, but if I'm getting this ETH 2.0 thing right, I see no reason why anyone should not be bullish about Ethereum.
To mine ETHEREUM in 2.0, you either need to stake a minimum of 32 ETH or join a mining pool if one owns less, if this isn't a catalyst for a mooning price then I must be missing something.
Posted Using LeoFinance Beta
Good point. We definately see some ETH leaving the DeFi projects on Uniswap and those who read ETHErscan say it's going to ETH 2.0 Stake Pool. So I also see this as a catlyst to buy ETH and push the price up. BUt at some point some will take priofits, so I wonder if those profit taker sales will be cobbled up by other buyers into the Bull run? Or Liquidity Providers on Uniswap?
Posted Using LeoFinance Beta
Well, like you said at some point, what point tho? $800 ETH, $2k ETH? 3k, 5k? We might never know.
Moreover, the amount of people who have to make the switch from POw coupled with those who are entering anew will most likely out turn those who are taking profits.
Again, I learnt that stakers who don't own up to 32eth and do so on other platforms will be rewarded in other tokens, instead of in ETHER as done with the former POw pool mining, so selling pressure of ETHER is drastically reduced, perhaps till the full launch of 2.0
All this speak strong fundamentals
Posted Using LeoFinance Beta