Ethereum wont make it. And you wont make 120k year annually. When all these new eco systems start coming out that make it more user friendly then Ethereum, Ethereum will be an obsolete product. Bitcoin is an obsolete product. The reason prices are so high is from chinese investors that don't have a clue of what is going on. 90% of the crypto market is from chinese investors and they are not experienced with investing. They over inflated the prices and the prices will come crashing down. These prices are not realistic. They did the same thing with their stock market. All these smart hedge fund managers were investing heavily into china as I shook my head that its not realistic market.
What makes ecosystem work and take on mass adoption is ease of use. Its hard to even do a transaction with ethereum. You have to sign on to your wallet make sure the long address is right, the erc20 token is the right one and then make sure your gas costs are right before you send out your crypto currency to whatever address. That is not taking on mass adoption. People want it to be like a credit card. Swipe and your done. Or put in your credit card number click send and done. Not do 3 or 4 steps and try make sure everything is right. If you think that will work your being delusional. Ethereum is to slow, and when they do updates its never smooth. They always run into tons of problems because try to push stuff out to fast. Even some of their own community complained about doing things to fast.
One day their will be a eco system that is user friendly, can update the network smoothly and will take on mass adoption. Don't know what it will be but all these new cryptos coming out are new and improved from what Ethereum is. More and more will come out. But all ethereum and bitcoin did was get the train going. Its like the first cell phone came out. Then apple and samsung make smart phones and take over the market. Ethereum and bitcoin are like the first cell phones out. Cheap, put on market to fast and not well made.
Anyone invested in cryptos at these over inflated prices will be broke in a few years. I seen this over and over again. Warned people over and over again to stay out of over inflated markets from novice investors over buying in the market. They learn the hard way. Patience is key and waiting for that one product that is putting out a quality product. I don't see one on crypto space yet. I remember this old man told me I was crazy to think oil can ever free fall. I said it will. He said but oil used in everything even tires and we will run out and it something world has to have. I told him don't ever fall for a sale pitch that technology over time will replace everything. He lost tons of money. I seen people argue same thing about housing and gold. Its just novice investing. . Always check the background of the people who make the coin not their idea. Then look at the idea and see how they handle ddos attacks, how they handle new software updates, how they deal with tech problems and always study their competition and compare products. Technology is so fast anything can be replaced at any time. No coin has stood out to me yet. The only thing that has impressed me so far is actually steemit.
Actually, I think the Chinese investors know what they are doing. They'll relocate their funds once Tencent comes out with their own currency that will absorb wechat and alipay.
So glad i never listened to you