/biz/ - Business & Finance

WHY THE FUCK DID I THINK IT WAS A GOOD IDEA TO BUY A STABLECOIN
SERIOUSLY FUCK YOU BIZ

>>13814468
Better sell at a loss anon
Hurry up because the moment you sell will be the moment it reverses

>>13814497
i put close to $25,000 in this shitcoin at 66 sats, went to work and saw this shit unfold. couldn't even sell because i only had my phone with me.

FUCKING SCAMMERS

>>13814534
i honestly thought it would do a matic and go 10x. but now that i think about it, it's not possible without the americans. if it doesn't go up by the end of today i think i'll just sell it at a loss and move on.

>>13814468
what are we looking here ?

>>13814637
>i honestly thought it would do a matic and go 10x. but now that i think about it, it's not possible without the americans. if it doesn't go up by the end of today i think i'll just sell it at a loss and move on.
matic bled for 2 weeks before it had a parabolic pump

>>13814682
imagine when binance lists this though. it'll 3x on huobi then dump on binance

>>13814637
no one is investing in it because it lists on a fucking scam exchange. HUOBI has a history of scamming people out of their funds with their KYC/AML bullshit policies. i should have never invested in this for this reason alone. i am fucking ruined anon. i have lost way over 5 grand already

>>13814660
QRD:
>decentralized stablecoin protocol being built on chainlink (one of the most interesting breadcrumbs from months ago if you remember), RSV is the stablecoin
>focused on solving real world issues like high inflation economies like Venezuela, they're also developing paypal-like crypto-fiat payment app
>only listed since yesterday on huobi, burgers can't trade without using vpn
>team members are white, located in California, super well connected and professional, resumes include IBM, Google, Tesla, Harvard, Hedera, OpenAI... top notch presentation
>seed investors include Peter Thiel (PayPal), Sam Altman (OpenAI, buttbuddy with Musk, early investor in Airbnb and Stripe) and Coinbase Ventures, lots of legit Silicon Valley VCs and high level connections (FUDers will tell you the seed investors will be the first to dump on you and that it already x10 based on seed round, but their tokens are locked until 2020)
>already been low-key shilled on Forbes, Bloomberg, Financial Times
>currently at 30m marketcap (Maker at 660m)

This isn't a pajeet call. This isn't a x2 pnd. This is an A+ pedigree project and still under the radar. We all know tether isn't gonna last. We've been waiting for this one ever since we researched the link connection months ago. Some high IQ linkies are deep in this, some of us were also early Linkpool investors for what it's worth. Do whatever you want, but don't say we didn't warn you.

https://reserve.org/
https://www.hbg.com/en-us/exchange/rsr_btc/
https://youtu.be/gHbkgM-KPLY
https://youtu.be/jydF88bwXco
https://youtu.be/hOeOzhOxeMU

Backed by Thiel and Coinbase, legit real world use case endorsed by billionaires, economists and globalists, top tier team, solidly positioned to be one of the leaders in its niche, CEO chatting on a panel with another PayPal founder at Davos and giving talks at Stanford and London Business School... and they're just getting started.

>>13814735
Isn't it a stable coin?

Why invest in a stable coin?

>>13814822
RSV is the stablecoin
RSR is used to stabilize and is burned in the process

>>13814735
>billions in volume, then volume dies completely and dumps 40%.
>under the radar
are you serious? this shitcoin is everything but under the radar. twitter has been shilling it a ton, and YT niggers too. RSR has gone viral. if you bought in yesterday you were late already.

the real mcap is closer to 300 million. the current unlocked supply is JUST 6%. what a greedy token model, give me a break anon.

Put in 10k and have lost 2.5k already. Should I cut my losses on this garbage?

bump
>dump
Schadenfreude intensifies

>>13814887
Someone debunk this FUD

>>13814468
I am financially ruined, can't even afford a rope anymore!

I think I'm gonna buy this now when there's blood in the streets.

redditor's first pajeet pump and dump

>>13814534
>i put close to $25,000 in this shitcoin at 66 sats, went to work and saw this shit unfold. couldn't even sell because i only had my phone with me.
>FUCKING SCAMMERS
>>13814733
> i am fucking ruined anon. i have lost way over 5 grand already
>has a track record of making shit decisions
>we should listen to you now because this time it's completely different
>>13814925
Someone debunk this FUD
What is the total supply of RSR?
There are initially 100 billion RSR tokens.

Once the Reserve protocol is migrated to mainnet (anticipated in 2020) and RSR is integrated into the protocol, the supply may change. Our current protocol design includes burning RSR when it is used to purchase RSV from the Reserve smart contracts, and minting new RSR under some conditions.

The RSR smart contract address is here: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8 (this address may be updated before the Prime Offering if we find any changes that need to be made).


What is the total supply in circulation?
1 billion (1% of total) tokens were sold during a recent private sale. These tokens have not been released yet. 25% will be unlocked, and 75% will vest over three months. They will be released to the purchaser prior to the Huobi Prime offering.

All seed investor, partner, team, and advisor tokens are locked until mainnet launch (anticipated to occur in 2020).

3% of tokens will be sold in the Huobi Prime offering, and be subject to no vesting schedule.

https://reserve.org/blog/reserve-faq

>>13814887
>the real mcap is closer to 300 million. the current unlocked supply is JUST 6%
What source do you have for this claim?

>>13814887
reading this low iQ analysis talking negatively about this shitcoin really makes me wanna buy some, when the dumb money exits it must be a good buy. but fuck that chink scam exchange.

>>13814925
don't tell me you didn't know this. i was honestly stupid enough to just buy because "muh peter is all in" and "muh stanford gays are on the team". fuck my life. would i have known that only 6% of the supply is circulating i would have NEVER EVER bought this trash. dude peter thiel was my role model, i never expected him to get involved with such a shady shitcoin

>>13814925
He wants to buy low. RSR is extremely volatile with a daily change of 50%. Someone decided to market sell 1.16 bil today, causing a chain reaction. This same dude is probably rebuying at a 50% discount atm

My average buy is 46 sats so I'm not worried. Should I buy $3,000 more?

>>13814956
it's public knowledge. there is nothing to debunk.
as soon as they unlock the rest of the tokens the market cap just skyrockets. the higher the mcap the lower the opportunity to make gains.

>>13814989
Wait until the fud threads die off. That's when you'll know all the weak hands have sold and you can buy at the lowest possible price

>>13814970
it's an ERC20 token, I bought at 40 sats and withdrew to my eth wallet so as not to keep it on the exchange
I understand that keeping it there would enable me to swing it
but this isn't a swing for me and I don't trust any of these exchanges, Coinbase, binance, etc.
better to buy what you want to hold and keep it in your hardware wallet unless you plan on collecting short term profits
I've found, through my experience in crypto, that I made the most gains not chasing short term profits but rather forgetting about it and checking back in 6-12 months, I've managed to make x10-x50 my initial investments because the picks were solid

>>13814984
3% of tokens will be sold in the Huobi Prime offering, and be subject to no vesting schedule.
could it be the holders of the Huobi Prime offering dumping the 1.16 bil?

>>13814984
it might dump to 8 sats without new fools
we need more fools,lets shill this on social media anons i need cash right now

>>13815048
Chinks will shill it for us. Huobi in particular, RSR is the occasion for them to get on the map and prove they are better than Binance. Right now it's pretty pathetic compared to the Binance IEOs although this project is fundamentally better.

Huobi needs to CZ this shit up. The pump on the Binance IEOs obviously wasn't organic, now it's Huobi's time to impress us.

>>13814534
>be stupid
>buy tops
>without SL
>"Hurrr fucking scammers durrr"
retard