/biz/ - Business & Finance

>>29164173
I didn't invest in RSR to make money. I invested in this project to slowly bleed my wallet until I rope. I wanted a project that would leave absolutely nothing in my wallet by the time I end my life. I dont WANT to make money. I Also don't WANT it to bleed another 75% i want it to bleed Below zero. I want to lose money I didn't even know existed. I want the bottom to go so low that i actually owe Nevin money from the grave.

>>29000714
le reddit scam coin

>>28462931
Since there is apparently a discord tranny group shilling RSR today, allow me to share the following information for the financial benefit of newfriends.

Nevin Freeman has no programming skills and a pseudointellectual grasp of crypto, in fact he admits that he didn't even know what it was until a few years ago. At which point of course, he spent a cursory amount of time on the topic before he unilaterally determined that Bitcoin will never blow up (lol). His previous experience, much like half of his team's, consisted of running a number of failed start ups out of the Oakland area. He has in fact been absolutely shocked that Reserve took off and was totally unprepared for it (mainnet launch is still a very, very long ways away).

So why all the high profile backers you might ask? Guys like Peter Thiel and Sam Altman aren't dummies. They know a good pump and dump when they see one. For a limited seed investment of a few hundred thousand dollars each, they were given billions of tokens at a thousandth percentage point of a cent. No one cares if the project fails after mainnet launches, because they will be cashing out for millions and laughing all the way to the bank. Perhaps prematurely you might say - well that is unfortunately a flaw of Thiel's, he buys things early and then sells as soon as he has a profit. Which he does in this case, because of retail idiots pumping his bags.

Coinbase may list this shitcoin after mainnet launches, only to dump on all of you or help their preferred clients do so. Just look at how they ensured that funds like Sequoia or a16z could unload their heavy bags from 2017 by listing garbage like Celo, Loopring, or NuCypher. Before that final blow to your account balance, you will watch this trash pump and dump between a few cents while OG buyers from 2019 profit off of all of you and spend their days laughing while they share screenies in their chatrooms.

Take my advice and just stay away.

>>28252083
Since there is apparently a discord tranny group shilling RSR today, allow me to share the following information for the financial benefit of newfriends.

Nevin Freeman has no programming skills and a pseudointellectual grasp of crypto, in fact he admits that he didn't even know what it was until a few years ago. At which point of course, he spent a cursory amount of time on the topic before he unilaterally determined that Bitcoin will never blow up (lol). His previous experience, much like half of his team's, consisted of running a number of failed start ups out of the Oakland area. He has in fact been absolutely shocked that Reserve took off and was totally unprepared for it (mainnet launch is still a very, very long ways away).

So why all the high profile backers you might ask? Guys like Peter Thiel and Sam Altman aren't dummies. They know a good pump and dump when they see one. For a limited seed investment of a few hundred thousand dollars each, they were given billions of tokens at a thousandth percentage point of a cent. No one cares if the project fails after mainnet launches, because they will be cashing out for millions and laughing all the way to the bank. Perhaps prematurely you might say - well that is unfortunately a flaw of Thiel's, he buys things early and then sells as soon as he has a profit. Which he does in this case, because of retail idiots pumping his bags.

Coinbase may list this shitcoin after mainnet launches, only to dump on all of you or help their preferred clients do so. Just look at how they ensured that funds like Sequoia or a16z could unload their heavy bags from 2017 by listing garbage like Celo, Loopring, or NuCypher. Before that final blow to your account balance, you will watch this trash pump and dump between a few cents while OG buyers from 2019 profit off of all of you and spend their days laughing while they share screenies in their chatrooms.

Take my advice and just stay away.

>>28232646
based solely on stock to flow, we'll see this bullrun end around Q3 2021 to Q1 2022, followed by 3 years of bear market. noone knows what will happen, with peak delusional normie-infested hype we could probably see a xrp situation, where the price hits $3-$5 for a few days/weeks until crashing spectacularly. then again, who knows. history doesn't necessarily need to repeat itself.

>>28232890
kek mad

>>27872308
Yes, just one more questionable decision Nevin has made since his opioid addiction has gotten worse. Rumors are Thiel is already planning on dumping his tokens and leaving the project to avoid bad PR.

>>27059682

>>26490775
Good luck with that
Nevin is about to dump a 4 billion red dildo on your ass to fund his nigger loving charity

>>26469653
>>26471305
>>26471359
This soiboy is about to dump a 3 billion load in your nigger ass

>>26164696
My friend works at a wealth management firm in San Francisco. I asked him to look over the white paper so I would know if they were being honest about the tokenomics. He told me that this is the most idiotic idea he's ever seen for a stablecoin, that the team clearly has no idea how they will back the currency with real world assets and that this is basically going to become the new Bitconnect once the bubble gets large enough. The biggest cause for concern according to him was their intention to use not only foreign fiat but also alternative assets for stabilization. In particular their use of vehicles like paper gold and securities is going to be very dangerous going forward. Paper commodities have been shown to be fundamentally flawed in the post-COVID world because they are even less reliable than unbacked currency and supported only by manipulative exchanges like COMEX. Securities are worth less than the paper they are printed on as well, just look at how investors have been running from all of the bonds issued by the Treasury this year. Guys like Peter Thiel and Sam Altman might have thought this was a good idea before 2020 hit us, but now it is a total disaster. I will probably ride this wave up a few more pennies because I bought in 2019 but if you are thinking about getting into this coin, just stay away. There will be nothing but losses in your future.

>>25786346
take a deep breath. close your eyes, and imagine. really imagine being a person who not only purchased RSR, but then consciously decided to hold it, indefinitely, thinking it was a good long term investment. I want you to really imagine this.

>>25603675
take a deep breath. close your eyes, and imagine. really imagine being a person who not only purchased RSR, but then consciously decided to hold it, indefinitely, thinking it was a good long term investment. I want you to really imagine this.

>>25423418
You surely think like one
Dilate

>>25364213
Just sold 100K