The world is bustling, all for profit; the world is bustling, all for profit! Hello everyone, I am your friend Lao Cui who talks about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome to all coin friends for your attention and likes, and we refuse any market smoke screens.

Let’s briefly discuss Lao Cui's views on Ethereum. To conclude, it has no life like Bitcoin but suffers from Bitcoin's ailments. I have gathered a lot of information and can say that this round of the bull market has almost been completely derailed by Ethereum alone. Starting directly from the data, the current Ethereum exchange rate has dropped to a freezing point, and the preparations before the arrival of the bull market have been so perfunctory. In today’s analysis, Lao Cui will detail whether Ethereum is still worth holding long-term. It is obvious that Ethereum currently lacks the growth momentum compared to other cryptocurrencies, just like China National Petroleum; everyone is growing but not seeing any rise, and when it falls, it falls too. Why has this situation occurred? In fact, Lao Cui has previously shared the main reasons with everyone. The founding team has almost always been selling at high points, giving Lao Cui the feeling that they seem to have given up on this bull market, or even on the entire Ethereum system.

Secondly, the most important aspect of the digital currency market is the technical level. When Ethereum first appeared, its technical channel was indeed unique in the crypto world. Lao Cui still explains the technology in a simple and understandable way. The emergence of Ethereum has led a group of loyal fans of smart contracts, and it can be said that the contract market has been entirely supported by Ethereum alone. It has created an era but is also constrained by the contract market. From the very beginning, Ethereum's computational processing power was not very strong, including the later improved 2.0 era, where each GAS processing could only handle 15 transactions at a time. This situation has created the biggest problem. Whenever there is a surge or a crash in the market, it causes congestion in the channels, making it almost indistinguishable from the Chinese stock market; you can't sell when it rises, and you can't sell when it falls. After waiting for a wave of heat to pass, the market returns to its intrinsic value, and only then can the spot and contracts in hand be sold. This issue has always been criticized by holders. Because of this, many exchanges have found reasons to cut off connections, and it is unclear whether the congestion is due to the channel or the platform's connection issues.

Its biggest competitor, SOL, perfectly addresses the issues faced by Ethereum. It can be said that SOL is currently the most complete system aside from Ethereum and Bitcoin, and it has expanded its computational capacity. The only aspect that is not perfect is in encryption, but the emergence of new coins has certainly created some conflicts in influence for old coins. Technological innovation is happening almost every day in the crypto world, and every team is tackling previously encountered problems. Ethereum is also working on improving its system issues, including Vitalik Buterin's recent paper, which provides solutions from both algorithmic and encryption perspectives. However, this does not mean that it can solve the current problems. The process from proposing a solution to actual implementation is long, and coupled with the team's continuous selling, Lao Cui has begun to question whether this solution can really be implemented. Are they really researching ways to solve the problems, or is the emergence of this solution just another way to cut everyone again? Setting aside subjective factors, we only look at objective facts; the market's reaction can actually explain many issues. Since July 30, 2015, until now, only the arrival of the 2.0 era has been launched, and the team's work efficiency is indeed a bit low. After such a long time, what we have seen is SOL's technological innovation. You may not know much about SOL, but Lao Cui gives a simple example: the current comparison between SOL and ETH is like the emergence of the iPhone 4S during the Nokia era, with the entire technical level completely lagging behind SOL.

Lao Cui entered the industry relatively early and always remembers what the big shots in the circle said. Vitalik Buterin defined Ethereum as a world computer. The launch at that time was indeed very eye-catching, and Lao Cui has no reason to criticize that. However, as time has passed, the performance of this world computer can be said to be very disappointing. The current Vitalik reminds Lao Cui of the so-called Bitcoin China's richest man, Li Xiaolai, who, when holding the currency, frantically praised how innovative and powerful Bitcoin's technology was. After selling all his coins at the high of 20K, he directly criticized the players in the crypto circle, even stating his so-called wise saying that only fools would hold Bitcoin above 20K, and that the digital currency market is a market only fools would believe in. Then Bitcoin reached a high of 70K, and it is unknown how Li's mindset is now. After eating, he smashed the pot; in this circle, there will always be such a group of people. The question Lao Cui currently has is very simple: as one of the two major positions in the crypto circle, does Ethereum's current performance really deserve the title of world computer? Bitcoin has almost always been thinking about breaking through high points, while Ethereum has always been dragging its feet, which is very disheartening.

Ethereum has always been focused on improving the currency system but has ignored its trading speed, leading to high transaction costs, causing all withdrawal channels to bypass Ethereum. This can be said to completely deviate from the original intention of the founders. It completely ignores the personal experience of users, while the market's demand is for more affordable and faster transactions. A better approach might be to increase the speed of the main network and reduce transaction costs, aligning more closely with user expectations. Ethereum is surprisingly facing the common problems of traditional financial markets, namely the increasingly serious issue of inflation. Even with lower gas fees, the token burn through EIP-1559 is not enough to offset the rewards distributed through its Proof of Stake (PoS) mechanism. This means that Ethereum has not achieved the expected deflation, which may damage its image as a reliable store of value. Additionally, the Ethereum Foundation needs to sell a large amount of ETH to fund its operations, which is creating ongoing selling pressure, and as Ethereum's market value grows, this pressure may increase. It can be said that Ethereum has made significant strategic errors in its development, and to solve these problems, it can only rely on the founding team to tackle them. The result we see is continuous selling by the team, and Lao Cui really wants to curse; SOL's current development has completely forged a strong competitor for Ethereum.

Lao Cui summarizes: First of all, SOL is not a coin that Lao Cui recommends everyone to pay attention to. The issues presented in the article are all based on factual evidence, and SOL is merely the most convincing coin compared to Ethereum. If you are interested, you can pay attention to it yourself to see its fundamental issues and investment value; just look for the founding team's papers and white papers. Do not rely on articles and literature circulating online. Currently, the competition between these two coins is very fierce, and at this stage, Ethereum only retains the advantage of market consensus compared to SOL. The emergence of Ethereum has indeed led to the arrival of an era of smart contracts, which can be said to have made significant contributions, but it also bears the blame in the present. The current team is living too comfortably. The goal of improvement is always aimed at a sound currency, while ignoring the real experience of traders, being too one-track-minded. Lao Cui does not mean to sing Ethereum's demise; these are all concrete facts happening with Ethereum. Therefore, after experiencing this round of the bull market, Lao Cui's focus may return to the Bitcoin market and the SOL market, depending on whether this proposal from Vitalik's paper can be implemented concretely. Without major technological innovations, Lao Cui advises everyone to be cautious in their investments. As long as the founding team continues to sell, Lao Cui's advice is to follow them out. The synchronicity of this thing is very unpredictable. Without technical support, everything is just a bubble.

Original article created by: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes for the big picture, not focusing on one piece or one territory, aiming for the final victory. The novice, on the other hand, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent entrapment.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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