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Showing posts from July, 2022

Ethereum Merge - So What?

Artwork by Steven Grundy The long awaited Ethereum "Merge" is finally upon us.  I've heard people say "So what".   So what?  I think they don't understand the implications of the merge.  Either that or they really are betting against Ethereum. I think this upgrade is probably the biggest thing for Ethereum since smart contracts first came out.  This change has the possibility of upsetting the apple cart in terms of Ethereum and BTC.  That's a big claim, but I really think it's possible. The Ethereum Merge has been set for the week of September 19th, 2022.  The merge is when the Ethereum execution layer will be joined with the new proof of stake consensus layer.  What does that mean and why should I care? What it means is that Ethereum will be changing from an energy intensive Crypto coin like all others to a 99% more efficient crypto coin like only a few have done.  Right now Ethereum is mined just like BTC and a host of other Crypto currencies.  Tha

The Crypto Bull Market Has Left the Station...

  The Crypto Bull Market left the station today, and if you aren't on the train you are going to miss out. I was predicting the end of the Bear market anytime soon and I'm going to stick my neck out again and say we saw the 2nd half of a double bottom this week.  Then we ran right up to resistance,  1280 on Ethereum (ETH) and blew right through it, hitting 1430 on ETH just minutes later. This could be one of those high speed trains you see everywhere except the good ol' US of A.  Or, it could be a big, lumbering freight train.  But I think more likely it is a high speed freight train.  This market has the potential to blow the doors off of the 2017 and 2021 rallies, and those seemed impossible to beat.  Now, keep in mind we are 80% or more off of the highs, so it shouldn't be too hard to lay some significant  track in the coming months.  I do not give out market advice, and nothing in this blog is intended to serve as investment advice. But, as far as I am concerned, fo