/biz/ - Business & Finance

>>26380275
>>26380518
I almost missed this thread. Thanks for taking the time to reply to me anon.
I had a look at the DSD chart. It's really a shame how they finally succeeded but all of their effort got thrashed. Not gonna lie, but after looking at it I started wondering if the same couldn't happen with DAIQ if it ever reaches the peg again. One whale exited earlier today, but what about the others? Especially the ones who bought coupons.
>Your lack of creativity speaks from the suggestions you give that the treasury could be used for other than buybacks or liquidity adds.
>First of all, the protocol is designed to be self-sustainable and go to peg without collateral. Using the treasury would defeat the entire purpose of the token, and it would destroy the balance. It would just provide exit liquidity and it will mostly be bots that will be selling each buyback in the same block.

I did say that I was kind of short-sighted after all. Now at least I fully understand WHY, it would indeed be bad if the treasury was used to unnaturally manipulate the price - ruining the whole purpose. Same for liquidity allowing for bigger fluctuations in price. I can be really stupid at times.

I get it now. Thanks again for replying anon, I'm actually interested in seeing DAIQ grow in the near future. Flash loans would be really great

I'm new
I started to look at /biz/ for curiosity this week and I want to join in on the fun too.
I'm a student and has to live quite frugally, with some savings thankfully and most importantly debt-free.
I only have $100 or so in my name that I can safely invest. (i.e money I can afford to lose) What token or coin should I buy if I want to sleep easy and look back at $300 in three months? I was thinking of just buying ETH and calling it a day since it looks cheaper than Bitcoin and has more potential for growth from what I briefly understood reading about crypto stuff but I'm not sure. Is that what you call buying a pump or FOMO?