/biz/ - Business & Finance

How many AMPL to make it???

I'm gonna explain for all those people that are throwing everything into AMPL right now.

AMPL IS NOT A SCAM, but it's currently a nice Pump and Dump.
A massive one.

Absolutely nobody or nothing prevents the market cap to fall and retract the supply by 50% or more.

The arbitrage opportunity is a fallacy. There is no "true market cap" for this.
The only truth is that it is an experiment, for sure lol.

"How to disguise a pump and dump into a new type of coin where price is irrelevant"

That's what's happening.
Nothing is brining more stability.

Those guys invented a speculative stablecoin.
It means that it is absolutely useless.

Do you guys thinking MakerDAO would bother with CDPs and complex mechanism if they could have programmed this shit in 20 lines of codes? They have oracles for years now...

ENJOY YHE PUMP AND DUMP
I AM PARTICIPATING AS WELL
But don't fool yourself.

You're welcome pajeets

This is the second monster dump, but there isn't a fucking reversal. Is this shit gonna keep pump and dumping it's way to a billion dollar mcap?

Shit is scary now. Seems like a perfect central bank coin designed to swallow the crypto market whole.