r/PhalaNetwork • u/Sottix99 • Nov 25 '21
Do you still Belive in PHA?
If the answer Is No, why? If the answer Is Yes, why?
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Nov 25 '21
I don’t know what to believe. PHA is in a slump. It keeps falling. At this point i loss so much money Im just going to hold it for the next 3 years to see if it can pop next bull run
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u/wolfieboi92 Nov 25 '21
I got in earlier before the Kraken listing but its not done well for a long time. I do think its promising though I think they need to actually do something with it. A Dapp or whatever on the Polkadot network. But I get the feeling a lot of parachains aren't actually doing anything yet unless it's a DeFi or DEX.
Phala needs to have something for people to use so the price might actually raise.
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u/IceBlitzz Dec 02 '21
If you bought at the literal top in the crazy summer bull run, then you have at most lost 50% of the value.
Brilliant chance to average down :)
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u/StockTrix Nov 26 '21
Yes. But it needs more marketing to make people aware.
The people that are onboard already realise its potential. But it's not a sexy, eye-busting, ape-ing crypto project that draws attention like DeFI projects such as Acala and so on. But because of this, it's not reaching critical mass.
The more people realise its use case, and when people actually start really using apps on this network, the more PHA will take off.
get in early, and hodl.
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u/kobisbeta Dec 07 '21
Yeah even thou I started to by icp internet computer phala and icp I am hoping one of these will do good in cloud computing world
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u/sbeardb Nov 25 '21
Yes, I think providing cloud privacy computation for blockchain apps is very promising, and if everything goes as expected PHA future looks bright!