/biz/ - Business & Finance

>biz is totally silent

oh how the mighty has fallen

I just has a flash of something. Call it a divine insight, call it a prophetic flash of Einstein like genius. Let me explain.

Ampleforth is the biggest innovation in crypto and money since Bitcoin. Because it's so simple it's true brilliance is hard to ascertain my normies who want complexity before they think something is brilliant. Let me explain. Ampl IS a fucking revolution. Every stablecoin is tagged to another asset which is then tagged to another one until you get to a completely faliable original base. So most stable coins are connected to the US dollar so I will skip explaining why that is a bad idea assuming you aren't a brainlet. The rest are still Collaterized by something be that a burning 2 token system or even tangible assets...but those assets are not guaranteed and the peg to them is fragile. So Ampl has created perfect fucking currency. Note I didn't say money. I said currency. Currency has to expand to be useful and relatively stable. The fact Ampl does this and guarantees it's also mon inflationary is truely an innovation that deserves the noble prize for economics if it wasn't such a corrupt organization. I digress. Eventually you will end up with perfect currency balanced 99% of the time neither expanding or contracting. Maybe only a few percent a year to keep up with true inflation. Its genius. It will change the world over the coming decades along with Bitcoin as a store of value. It's the perfect partner to Bitcoin. People who don't accept or understand what I have said do not understand money or crypto.

It is time

https://cryptobriefing.com/the-birth-based-finance-ampleforth-build-elastic-defi-stack/

Ampleforth has announced the launch of a suite of financial tools to improve the utility of AMPL, its native asset, and other elastic tokens. If the concept of countercyclical money succeeds, Ampleforth’s “E-Fi” layer can become the base for an entirely new ecosystem.

Everyone knows this coin is the future of crypto, it's just a matter of when.

this is the most traumatizing coin i've ever owned. has anything else been more of a rollercoaster of horror?

I am really so sad where did everyone go

LITERALLY NOT A GOOD THREAD IN SIGHT LMAO. AMPL PONZI TARDS GOT FUCKED!

>meant to replace tether
>cant even stay at a dollar

GET ME OFF OF THIS HELLISH RIDE JESUS FUCK AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Please

Is AMPL I am financially ruined?

How fucked are we? Looking increasingly evident we will experience a negative rebase in the coming days. Now that the masses of moonboys and retards are on the train, are they going to panic sell when it breaches $1?

No Ruze please, it's just a scam that seeks to surf on the success of Ampl. I'm looking for a real project with a REAL team

Normies unironically think it's a free money fountain. They will push it to BTC level market cap.

Imagine not going all on AMPL

Short this, thank me later.

Why this the going down, sirs?

Not selling until it appears on NBC fast money at a $100b market cap.

AMA

So, this just made Bitcoin and centralized stable coins utterly useless. There is literally NO point in lending/borrowing using DAI or any other centralized "governance" token.

Shilling AMPL in 2020 is the ultimate charity. Gods work. Quit wageslaving, hold AMPL.

How do taxes work for AMPL?

Tell me honestly

I really love AMPL, I got a crazy amount of money from it in the last few days, but the community is full of brainless idiots.
Let me explain, I was reading the redbook that the fucking Ampleforth devs wrote. There's a section that talks about trading, specifically "fast trading". Basically it tells you to sell immediately after the rebase but before the price drops - which is hard because the time window is really small, but it's feasible by using bots. This strategy brings in HUGE gains, you effectively gain 15-20% more AMPLs without being affected by the price dip.
Obviously this strategy cannot be applied on decentralized exchanges like uniswap because the price changes immediately after the rebase, so I started looking around at centralized exchanges that list AMPL, which are Bitfinex, kuCoin and Hoo. Both bitfinex and kucoin pause AMPL trading during rebases to prevent people from using this strategy, I don't know about Hoo tho.
I joined Ampleforth's telegram group to ask where this strategy can be applied. They started saying "YOUIUUU SHOUDLN'T TRY TYO OUSTMART AMPLEFOIRTH BECAUSE NO ONE CAN THE DEVELOPERS DIDN'T WANT YOU TO SWING IT JUST HOLD ITT" like fucking brainless apes. Dude. The devs literally wrote this strategy in the redbook, it increases gains by a tremendous amount, WTF IS WRONG WITH PEOPLE.

Btw do you know if you can apply this strategy on hoo? I wanna be rich

Has anyone of you succesfully sold AMPL after the rebase but before the dip? Did you do it on kuCoin or bitfinex? How much time did you have?