On a day when there was big news, the Merge, we see the crypto headlines spouting all kinds of negative stuff. This is common place during the bear and should surprise none of us.
In this video I discuss how we should combat this. We are seeing a lot of promotion of fear, which is likley being driven by the big money players. This is the game they play. That way they can pick stuff up on the cheap.
▶️ 3Speak
I didn't even see anyone talk about the fees until the end of the day.
Fees went from $20 to 50 cents.
So now ETH is more decentralized than all the EVM clones and the lower fees on those chains is now largely irrelevant.
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Ethereum is turning into a banker's chain before our eyes. I think it will be successful but not for the average users.
So I hold my ETH but it is far from the premise of what originally was envisioned.
I think Vitalik knows this.
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One hostile takeover later all the top block producers get forked out and it becomes a real boy. Until then: Pinocchio.
It's not a surprise to see the media pundits throwing out all the threats and words. I don't really think it will affect things too much except scare off the more ignorant people. However, if the application and features are good, people will flock to it regardless.
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They love to spread the negativity. It is incredible how that works regardless of the topic.
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Bear market lowers motivation as the hype for out-of-this-world gains doesn't surface anymore. Thus some appeal to negativity rather than keep focus and building. And we all know that the bear market is the greatest time to BUILD!
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Builders are the ones who will really excel in the next bull market. It is going to be very interesting to see what jumps.
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It is a phrase that tells exactly what happens: promotion of fear for those who want to enter, do not do it and for those who are already panicking, sell at a lower price