Defi isn't real
Forum rules
The News forum is only for updates about the Prohashing pool.
Replies to posts in this forum should be related to the news being announced. If you need support on another issue, please post in the forum related to that topic or seek one of the official support options listed in the top right corner of the forums page or on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
The News forum is only for updates about the Prohashing pool.
Replies to posts in this forum should be related to the news being announced. If you need support on another issue, please post in the forum related to that topic or seek one of the official support options listed in the top right corner of the forums page or on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
-
Sarah Manter
- Posts: 639
- Joined: Fri Aug 13, 2021 11:15 am
- Contact:
Defi isn't real
"DeFi isn’t real, and the entire industry is currently being drowned by a cascade of fake tokenized debt." Read more in Steve's latest blog post: https://prohashing.com/blog/defi-isnt-real
-
thundergun
- Posts: 27
- Joined: Tue Apr 13, 2021 7:58 am
Re: Defi isn't real
Great info!
What can we expect in terms of BTC profitability if option 3 plays out?
(too many variables to speculate on ETH mining)
Seems the BTC Hashrate has not been downwardly affected as some people expected at this point.
What can we expect in terms of BTC profitability if option 3 plays out?
(too many variables to speculate on ETH mining)
Seems the BTC Hashrate has not been downwardly affected as some people expected at this point.
-
Steve Sokolowski
- Posts: 4585
- Joined: Wed Aug 27, 2014 3:27 pm
- Location: State College, PA
Re: Defi isn't real
I think that the price will remain below $20,000 for less than one week, but certainly no longer than one month. Next weekend will be decisive - it all comes down to Celsius. If by some miracle Celsius is solvent, that's an immediate trend reversal. If they aren't, there's another weekend of panic selling to liquidate them and then the trend reversal happens.thundergun wrote: ↑Sat Jun 18, 2022 9:19 am Great info!
What can we expect in terms of BTC profitability if option 3 plays out?
(too many variables to speculate on ETH mining)
Seems the BTC Hashrate has not been downwardly affected as some people expected at this point.
Hashrate isn't going to go down because the big miners know that this cycle is unlike the others in that it is being driven by debt, and there aren't any people who actually think that bitcoin is going to zero, so they are continuing to build out. I think the recovery from this cycle is going to be much faster than the previous cycles and prices will be above $30,000 in July.