A hot topic recently is the Ethereum fork.
The initiator of this fork is Erbao Guo Hongcai. I am not so weak that I cannot even pronounce the three words Master Bao.
This incident has caused a great response, and even some exchanges have started to get involved in this matter, but what I want to say is that whether something can be done or not depends on who is doing it.
Let’s first see what Erbao said.
Erbao promoted a false image in the video:
I called for a fork in Ethereum, and Ethereum went up, and everyone was happy. Musk called for Dogecoin, and I followed suit. Dogecoin skyrocketed, and everyone was happy. The order was called, the currency went up, everyone made money, and everyone was happy.
Therefore, shouting orders can make friends, everyone can make money, and the experience is very good.
But is it suitable for everyone? Not really. Strictly speaking, this excellent experience is limited to Erbao and his friends.
Many people are hanging on the top of the mountain, otherwise how can he and his friends make money and have a very good experience? In essence, this is a way of glorifying the act of calling out orders and letting others take over at high prices as a way of helping your friends make money. Instead of being ashamed, I feel proud of it. An old man who refuses to die is a thief. I'm talking about Guo Erbao. So why did Guo Erbao propose to initiate a fork of Ethereum at this point in time?
Let’s first see what Erbao said. What he meant was that after Ethereum upgraded to 2.0 in September, the previous mining machines could not be scrapped. A new carrying path was definitely needed, so everyone could concentrate their computing power to mine, so there was the logic of the fork.
It sounds reasonable, and the leeks can't help but applaud. But if I tell you a story, you will know what Erbao is doing: There are 20 million people in Beijing, and everyone needs to eat, so we will definitely make money in the catering industry. Doesn’t it sound more reliable than Guo Erbao’s fork plan?
But whether it is doing catering in Beijing or forking Ethereum, no one directly answered a question:
There are 20 million people in Beijing, but why must they eat your food?
Ethereum has a lot of idle computing power, but why did it fork to you? There was an etc chain before Ethereum? Graphics card machines can also mine other coins?
Why do you have to play with your Guo Hongcai's coins? As we all know, for a chain, what is important is not technology or computing power, but ecology.
New public chains such as BSC, SOL, and AVAX do not have computing power support, and even their codes are copied, but does it affect their market value and status?
So Erbao raised a big banner and said that he wanted to fork Ethereum. It might work to scare the ignorant people, but it was ridiculous to people in the industry.
Some people say that if he forks Ethereum, he can give airdrops to Ethereum holders, and we can get it for free.
Yes, that's logically true.
But before we get into how to play this Ethereum fork, I want to tell you another story:
Five years ago, Guo Hongcai suddenly posted on Weibo saying that he had begun to have religious beliefs and was starting to believe in God.
Then at the end of November 2017, he said that he had become enlightened and wanted to fork Bitcoin.
This project started with the distribution of 21 million coins, then airdropped 17 million coins to Bitcoin holders, and then continued to distribute the chips to users of other chains such as BTM, NEO, and Quantum Chain. It is obvious that the money-making effect was not obvious before, so they issued some coupons to attract more funds. The final outcome of Bitcoin God Coin is a mess. From its highest point of more than 5,000 yuan, it has dropped to the current 27 yuan.
As for why some people have their heads cut, you will understand if you listen to the audio below. If you are interested, you can also search it yourself on蜻蜓FM. In the audio, Guo Erbao shouted: I want God coin to surpass BCH first. I wonder if Erbao would blush a little when he sees this article.
Although this project was not successful overall, it did not affect Guo Hongcai's harvest that year. Now Erbao can live in the leek manor, and the leeks of that year are all responsible. The leeks that were harvested that year may have forgotten, but the Internet has memory.
It's okay to cheat the leeks, but be careful about the number of times. You are too disrespectful to do this. So when Brother Conscience saw that Guo Erbao tried to use the same method to reap the profits in the cryptocurrency circle again, he couldn't help but remind everyone: He is in the United States. If he reaps you, can you fly over to find him? As for Erbao's trading ideas, I will also briefly analyze them, and then I can make a comparison to see if the analysis is in place.
First, he disguised himself as a staunch supporter of Ethereum and actively made suggestions for the future of Ethereum 2.0. This is what he is doing now. Because if he has no reason to do so, the subsequent script will not be able to be performed.
Secondly, two forks, eths and ethw, were proposed, which is actually selling its own products.
Third, because Erbao is a shareholder of Gate, Gate quickly supported the fork activity, and then Matcha followed suit, creating a large public opinion influence and hot atmosphere. After all, such a hot spot with national attention is only good for exchanges and not bad.
Fourth, after going online, the price of the currency will be raised, and favorable expectations will be released to trick the leeks into exchanging their ETH and U for air fork coins. Because most of the chips are in their own hands, and they can cooperate with the exchange to close deposit and withdrawal permissions, it is easy to pull the currency price to an attractive position.
Finally, release the good news while selling the stocks, and then gradually smash the market until the hot spot subsides, completing this wave of wealth harvesting. In fact, Erbao’s trick is not new. It’s just that for the new investors who have entered the market in the past two years, they have never experienced such an epic event, and the five words “fork Ethereum” have a fatal attraction to them.
Then the trading strategy for Erbao is actually very simple:
If you can get it for free, get it for free; if you can ship it, ship it.
Get my funds and mainstream currencies first, no need to negotiate. He wants to cut off everyone's existing funds, so everyone goes to cut off his market-making funds.
His Erbao was really capable. He took back everyone's chips at the opening price. Everyone was grateful to Erbao for providing warmth in the bear market.
If everyone does this, Erbao will end up losing more than he gains. You want to cut our principal, so we will take your market-making funds. That’s not too much, right?
After all, they have made so much money over the years, so it’s not too much to give back some of it, right? Just like the classic line in Shaolin Soccer: I am a car mechanic, so it’s normal for me to carry a wrench with me! |
