letās talk fundamentals that dreamers usually refuse to understand.
- Chia made a deal with devil - NOT BAD
- Chia wanna be fully regulated - NO GO
- Chia wanna go public - NOT BAD, but it brings manipulation
- Chia rides wave of ecoTerrorism, ESG, wokeshchnitt - SUICIDEā¦just check out Disney, how they desperatelly try to stabilise what one poor player screwed up in less than year.
- Chia partially understood the basics of life - all about time, centrally decentralized trust-nobody natural environment
Chia is currently the only crypto project with high potential to survive mafia slaughter.
NO UTILITY = NO FUTUREā¦Chia suppose to be ESG network for carbon credit/offsetsā¦it is comedy running for over 40 yearsā¦they still talk bullshit, and nothing happened yet. POTENTIAL UNKNOWN
NO PRIVACY = NO FUTURE. There is major problemā¦it is romantic vision of full transparency, but never goes well among the poor. Imagine you realise your neighbour collected 1000 XCH, and you have just 100ā¦that evil bastard stole it.
I was born in 3rd world country occupied by Russians at the time of my birthā¦I have learned the old school Russian philosophy āwhat eyes cannot see, heart cannot hurt, and hands cannot stealā.
Poors/normies are worse evil on Earth, and they will blame you for their poverty !!!
Fundamentals are Russian roulette.
Technical analysis:
Price is āprofitableā for kids that do not know their time, and wanna learn something to become rich.
If you think business, Chia makes no money so big guys wonāt jump in.
Critical time will be halving, where we lose a half of profit.
Price will most likely sink to levels where only most efficient will make money. That price is around 20$ for Europeans with 0.3ā¬/kWh
If Chia suddenly skyrockets, there will be paranoia and grandma will plot on her peacemaker and engrave plots to her vinyls.
If you can get HDDs for 15$/TB, your ROI is ~6years, assuming plotting for <0.05$/plot. That is huge gamble with HDD having just 5 years warranty, and average 4years failure rate according to BackBlaze.
You have to wait 6 years to repay HDDsā¦where is income for your plotter, and time? Even poorest kid in EU earns 20ā¬/hā¦how much did you lose already?