Viewing a response to: @chekohler/re-brianphobos-qprclt
I think the good times are going to roll for a month or so. All profitability will work its way to zero. It will be like it is for mining.... profits are great and then other people show up with their GPUs and ASICS and then have to sell to cover their expenses and additional factors cause the price to blow off the top. Then suddenly people are barely profitable or not profitable anymore. The way I see these Liquidity pool situations going is a couple will survive. Like Pancake Swap and a few others. I think CUB is in a good position to continue because it has the tie in with Leo where as a lot of this stuff is sketchy and just a clone of something else which will produce diminishing returns. Once the bear market hits people will try to rush into stable coins to earn a return off them and then the yields will go way down to maybe 3 or 5%. Then it will be a judgement call of if it is worth risking the coins on various platforms vs just holding them in cold storage. When the tide goes out various platforms will get exposed as being insolvent. Once again the main stream media will turn their back on Bitcoin but say there is potential in the technology......etc. A lot of mining farms will go out of business and a lot of coins will once again lose 98% of their value. My hope is to get the amount of crypto I have up enough that even earning 5% return will be enough to live off of and survive the crypto winter and start to reallocate again. Profitability will get very thin once again and people will once again look at us like street tweakers and whisper to each other once again how we don't have jobs or something.
author | brianphobos |
---|---|
permlink | re-chekohler-qprg52 |
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