/biz/ - Business & Finance

>>14842271
500k enough to make it?

with idex requiring kyc soon this will die they don't seem to care about exchanges. almost three months since ieo and they are still rotting on huobi

>>14842327
Its hard to say. I will keep buying for the next 3 years.

>>14842343
KYC is completely unrelated. That is one of the most retarded comments I have ever read. Verification requirements are completely unrelated to the assets being traded on the exchange. A lot of eth changes hands on idex. Will it also "die" because of idex's KYC requirements? Obviously not. Stay poor.

>>14842345
Me too anon. This is PayPal 2.

>>14842382
Eth is on every exchange rsr just on huobi and a handful of scammy exchanges
Verification = less burgers esp since they can't use houbi

>>14842382
And it's probably safe from getting delisted for being a security. They've designed it to be as complaint as possible.

ctrl-f this interview: https://medium.com/@wolfcrypto/reserve-ama-with-wolf-crypto-1c3b745760cb

>>14842493
compliant*

RSR is to RSV what MKR is to DAO.

RSV is the stable coin at $1. RSR is the token used to keep RSV stable, it can be any price determined by the market.

In the case of MKR/DAO, DAO is the stable coin at $1, and MKR is currently worth $503.

You can buy RSR for super cheap since it just launched. Buy for .003 cents and sell when it reaches $500 like MKR.

This is the next Chainlink, smart /biz/ fags are getting in now. I have 646k and still accumulating. 646k * $500 = 323 mil in five years. This is the last coin you'll be able to truly "make it" with.

>>14842526
this copypasta is why I dont buy lmao. look at the total supply of both and look at where MKR started off. It didnt start off sub 1 cent

>>14842575
it's a triple agent fud bluff

nevin MIA they already exit scammed\
Pajeet shills have sold and now you are left holding their bags of shit

>>14842412
You mean req?

lololololololololol

>>14842745
What a fucking pajeet shitcoin, dead on arrival

>>14842745
LITERALLY A STABLE COIN

Imagine thinking RSR is a stable coin and it was made by pajeets

No hope for some of you anons

>>14843637
not anymore
Fell flat on its face and crashed before even launching

Most volume on idex after QNT. Literally just bottomed out and about to shoot up again, if you don't buy now you're a fool

>>14842493
don't think there's a lot they can do
watching the house hearrings today, the Feds are looking to fuck over facebook however they can, and RSR is basically an analogue for libra

>>14843743
If they can fuck over a stalwart like FB pajeets like rsr don't stand a chance in hell
dead on arrival like libra

>>14842327
If you're satisfied with fucking high class escorts that look like Emma Watson instead of the real thing

>>14843871

There's a fundamental difference between the Reserve Protocol and the Calibre Association. Congress only cares about Libra because it's backed by international currencies that compete with the US dollar and intends to remain centralized for at least 5 years. RSV is backed by RSR and (eventually) other cryptos. Its decentralized phase is scheduled for early next year.

>>14842575
He's doing it on purpose.

>>14844199
shut up anon we're almost down to .0029

>>14844219
Only support for this pajeet coin is at 0 sat so expect a freefall to zero from here

>>14844219
This will easily be $0.50 within the next year or two... maybe happen sooner than later

Just loaded up on another half mil. Officially a captain now.

>>14843922
>Emma Watson
Gtfo redditfag

>>14844593
Good luck bruv. after the FB hearings I'm expecting pajeet Nevin to come out any minute now and announce they are closing shop as they now realize there will be just too many roadblocks and it's doomed to fail.

Did you read the FAQ on their site? Half the team is skeptical about the project's success. I don't think they will carry on after seeing how Libra is being nipped in the bud.

>>14844593
You out rank me slightly

>>14844685
not happening since the reserve protocol is essentially decentralized.
checkmate, yet again libra cuck

>>14844809
rsr is about to moon after fb's shitcoin got cucked and i can't get any for another day or two reeeeeee

>>14844897
What rank are you going for?

>>14845128
specialist because im a poorfag but im not even at 50k yet this sucks.

>>14844668
I've actually shared erotic short stories in DM's with several women who regularly get in excess of 700 upvotes on r/gonewild so I'd show some god damned respect if I were you

>>14845146
I’m going for Brigadier General
I think that’s where whale territory starts

Ok i get that rsr is gonna be backing rsv, but makes rsr valuable in the first place, like why would it appreciate in value.

>>14842343

> huobi 5m volume
> idex 184k volume
> idex go this die soon
> rotting on huobi

wtf

>>14845378
RSR is a utility token used to keep RSV stable at its target price of $1.00 and vote on governance proposals. This digital asset provides capital to bootstrap the Reserve network and offers token buyers the opportunity to purchase newly minted RSV, which will allow them to profit through arbitrage trading. Unlike RSV, RSR is inherently volatile and is the token that being offered in the upcoming Prime Offering.

RSR is crucial to the Reserve ecosystem because it helps recapitalize the network when the value of vault collateral depreciates. Additionally, if RSV grows in circulation and usage, the circulating supply of RSR is expected to decrease. This is because only RSR token holders may participate in arbitrage opportunities in the Reserve Protocol, which requires payment in RSR.

At times, the Reserve protocol may target a collateralization ratio greater than 1:1. When this is the case, scaling the supply of RSV requires additional capital in order to maintain the target collateralization ratio. To accomplish this, the Reserve protocol will mint and sell RSR tokens in exchange for additional collateral assets.

>>14845378

it's the collateral for the arbitrageurs. Think like MKR/DAO mechanism but instead of locking 1.5xETH, you simply lock and trade RSR for RSV to arbitrage, and if you buy RSV with it, it is burned. So if RSV is demanded more, this makes RSV more than 1$, so let's say demanded more and RSV is 1.02$; you trade 1$ RSR for 1.02$RSV and this RSR is burned. Cap decreases, demand increases, value increases. Got it?

>>14844593
REEEEEEEEEEEEEEE I"M NOT DONE ACCUMULATING

>>14844809
crazy son of a b####

i have only 300k

FUNDAMENTALLY.
FINANCIALLY.
ABSOLUTELY.
RUINED.

>>14842271
This coin gives me strong banyan network vibes. What makes it not a shitcoin?

>>14842271
Is 1 RSR and 1 million UND enough to make it? Judging on these shill threads it should be if you guys keep it up.

>>14846072
Needs more und and other non shit coins like vidt

>>14842745
Damn right I bought the dip.

>>14845638
That’s still a nice stack

Sitting on 1.8 million atm, how long before $100k?

>>14846046
Rsr is white, totally diff

>>14846810
Few months

LIBRA IN CHAINLINK PRESENTATION

HOW WILL RSR RECOVER?

Backed by the biggest people in Silicon Valley and compliant with the SEC with hiring Paul .. ez money shoot

>>14846046
All white team. Listing on Huobi initially to stay compliant with burger law. Doing stuff by the book all the way.

ALRIGHT BOYS I NEED YOUR HELP
I managed to buy a couple months ago with an initial amount of 428k, which I scalped my way up to 565k, is there any way I can double this amount so I can have a comfy stack of 1 million? Maybe even more?
I should note that I have no income right now, maybe, I'm trying to sell my luggage and some extra stuff to buy more but idk if they will sell any time soon
stay reserved lads

>>14846119
ignore VIDT just buy UND and RSR

>>14847327
Buying shitcoins instead of revenue generating company VIDT? How about no.

>>14847317
Why not just waveslave for it? Even if it's minimum wage on paper come 2020 you'll have really been making $400/hr.

>>14842526
You retard MKR was never $0.003. MKR has hardly moved since its creation.

>>14847327
VIDT isn't a bad buy but they'll likely keep bleeding for a while and buying their recent pump is retarded. I agree today is a great day to load up your RSR bag since it corrected but VIDT will be worth buying in a week or two.

>>14847447
I can't right now because I'm taking classes
and yes I'm a fucking retard for going to uni but it was the only thing I could do to convince my family I'm not a complete fucking failure

>>14844809
I’ve seen this exact screenshot posted by more than one person these shills are sad

>>14845495
Huobi volume is inflated. It’s maybe 5% that

>>14847078
which app is that?

>>14847229
It's just a front like the lition scam. You will soon find out they outsourced to pajeet devs. The team in any case have a pajeet work ethic selling a pipe dream that they KNOW will never materialize. They will just keep up the pretense for long enough until they can dump team tokens. Have you seen what % of tokens the team owns? Get rekt by pajeets.

>>14847817
It's literally backed by coinbase and one of Trump's advisors... this shit is guaranteed to moon you pathetic fudder.

The biggest problem I have with RSR is that I have a feeling regulators are going to shut it down

If it succeeds it will instantly replace any existing fiat currency

>>14847894
>the very definition of a asymetric bet

>>14847846
>It's literally backed by coinbase and one of Trump's advisors
What a crock of shit lmao

>>14847958
It's all literally on their website. Have you seriously done 0 actual research?

HOW THE FUCK DO I BUY THIS USING ETH ON COINBASE

I AM A BURGER AND HAVE LITTLE EXPERIENCE ON CRYPTO. I JUST WANT TO DIVERSIFY MY PORTFOLIO WITH A LITTLE RSR AND VIDT

>>14848023
How to buy RSR if burger:
>buy ETH on crypto.com app or coinbase pro
>send ETH to your ERC20 metamask.io wallet
>go to http://idex.market click balances
>deposit ETH using 4+ more gwei than the current gas limit
>go to RSR/ETH pair
>buy RSR
>go to balances, withdraw to your ERC20 metamask wallet
>hold for 4 years
>reverse process to sell on a centralized exchange with much higher volume
>sell your RSR into RSV
>send RSV to your metamask ERC20 wallet
>login to the Huobi DeFi
>supply the contract with RSV
>earn a passive 6% interest on your RSV
>profit massively

thats as detailed as im willing to get right now.
but follow that and you should never have to work again assuming you get 1MM RSR right now

>>14842271
Remember folks:
>Buy high
>Sell low
It's time to wait until the RSR rises it's value, then we will be sure it will only increase in time.

>>14848069
The major problem with the majority of stable coins at the moment is many of them dont have the capacity to actually scale when the crypto market cap enters into the trillions. This bullrun we're in right now will see massive adoption of stable coins as anons begin selling off into them at the ath. What the Reserve protocol manages to accomplish is the establishment of a regulatory compliant stable coin that has the ability to scale for world wide demand and a crypto market cap exceeding 100 trillion. For these reasons, and a long list of many others, smart money is in on this dark horse early, and make no mistake - marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat, ultimately being quickly priced out of making exponential gains.

>>14848051
what is gwei? What is RSV? Why not just sell the RSR and invest all my money index funds and live off that?

>>14848023
Just use IDEX, the KYC isn't that bad. It has both RSR & VIDT available for ETH trading. Also I wouldn't buy VIDT today it just had a pump and tier 1 exchange is likely far out. Let it bleed a bit longer. RSR just had its correction and now is a great time to buy.

>>14842343
Why is KYC bad? Isn't it for legal purposes? Capital gain taxes are very minimal below 434k. I mean you talk about "making it" but you want to put everything in jeopardy just to save a bit on taxes? the fuck?

>>14848092
GTFO BOOMER SCUM, RSR IS A SCAM!

>>14848122
>>14848092
boomer detected

>>14842343
this. if you want a token with 4% of the supply out, choose UND. binance soon.

also, these group discord shills are the biggest red flag. do not buy this shit. JNT 2.0.

>>14848244
UND

600k in 24hr volume

i literally have more money than this shittoken has daily volume. lol

>>14847894
>If it succeeds it will instantly replace any existing fiat currency
You're talking about libra

>>14848632
>Your currency is backed by ZUCC
fucking kill me

>>14848698
>exchanging ancient kike fiat scammers for a newage "fiat crypto" kike scammer faggot
wew, im beginning to see a pattern

Listen up newfags im not going to repeat myself. >RSR is the best bang for your buck out there. >You really think some commie named "Sergay" is going to make you millions? Actual KGB plant.
>Discord fudders are trying to accumulate
>Peter Thiel is fundamentally based and homies with trump
>No Pajeets
>Ex-SEC member on the team
>Road map updated early

How the fuck will this coin not succeed. Legitimately give me a reason and not some "hurr durrr stablecoin maker wasn't cents at launch"

>>14848773
sorry sweetie but RSR is a venture capital scam coin.

>>14848773
>>Discord fudders are trying to accumulate
sh-SHUT UP

>>14845128
Sergeant, reporting in

>>14848830
back in your hole transjeet

>>14848801
Go back to trannycord. Still havent heard a valid reason.

>>14848965
LURKERS & NEWFAGS BEWARE - RSR WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2019

RSR was a Peter Thiel invented ERC20 scam token.
Almost everywhere online RSR threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on RSR is under $10,000 - CMC reported volume is 99% wash trading
Don't believe me then buy $300 worth of RSR and watch the price move by 20%

Around the time that these jews were pumping RSR they shilled /biz/ CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these RSR scamming faggots think that /biz/ has forgotten about what they did.
Lots of anons were fooled into buying it at $0.009-$0.007
Now there are tons of bag holders of this shitcoin and ALL of the RSR threads on /biz/ are made by these jewish faggots where they coordinate /biz/ shilling in their RSR telegram.

This project has a better chance of always being worthless than even worth $0.05
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on /biz/
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that RSR is a jewish scam token.
What's more is the RSR shills are now only making about $0.08 per RSR post and it keeps dropping.
It's incredibly not profitable for anyone besides RSR fags to hodl this shit.

Don't fall for this fucking jewish scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>pajeet shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE

What's more is that RSR DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to RSR shills

>>14842745
Lol

Remember jibrel had a fucking sheikh backing it.

Rsr has an American billionaire

Same fucking thing

Biz is gonna get wrecked on another stablecoin

>>14848988
>thousands of anons got burnt on
>has hardly had a pump or dump, maybe once, and it was before this pasta was made

why does this pasta keep getting posted?

>>14849036
Listen I genuinely care about about Anon's financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Reserve is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away overnight. Vitalik Buterin, the creator of Ethereum said himself the days of making x100 or x1000 are over, that's right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the 2018 bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto, RSR isn't even needed to for stablecoins to work. Think XRP when you think RSR. The company Ripple (Reserve) is doing passably well, but the coin XRP (RSR) isn't even needed for the company's technology. Considering what Vitalik said "the days of making x100 or x1000 returns are over." RSR needs a 399900% increase in price over the next couple of months to reach $1 - this is ludicrous. Don't fall for it. RSR is a meme to fuck you over. Consider this for RSR at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is the latest 4chan meme to siphon money out of the hands of the already vulnerable.

>>14848773
>How the fuck will this coin not succeed\
Ask to see their dev team. Full of pajeets.

this shit makes no sense

>>14849146
of course it doesnt, its a pajeet scam

>>14849167
literally the same dude in every RSR thread fudding. JAJAJAJAJAJAJA

>>14849180
i will give you some reddit gold for that comment.
what is your reddit username so i can send it?

>>14849180
Sometimes he forgets the vpn

Died laughing hahaha

Imagine getting delisted from IDEX lmao putting you in the same category as Sparkster, another pajeet scam

>>14848875
Sergeant Major reporting for duty.

>>14849496
I smell a discord tranny

Corporal here. Hoping to reach master Sergeant by Friday.

>>14844685
Libra is like a poorly designed reserve with all the baggage of facebook. They even floated a bill to remove LARGE tech firms from issuing a crypto. Not startups. They don't want FB to have this much power.

My entire play on Reserve is based on this. Almost everything reserve is doing helps US interests. Including stabilizing the Venezuelan economy.

If you're gonna buy RSR do it now. It looks primed to go up and has hit 1450 about three times in the last half day and recovered each time

>>14849840
libra will be fully cucked no matter how much money they throw at it

>>14849230
This. He was outed in a thread yesterday or the day before

>>14850381

>>14850386

>>14842271

>>14842271
This anon knows..

>>14847510
All of them are me. I’m still at 2.4M... when I get more I will post an update

Deadcoin. Anon don't get stuck in this dead shit. Alt season is around the corner you'll watch link and others take off while this dies a slow death.

>>14851359
This 100%. Why take the risk on this when Samsung is about to announce a partnership with Trust Verse. Some people deserve to lose money.

>>14851373
Who cares about some possible not announced partnership when RSR is literally Thiel, Altman and Coinbase baby already.

COMFY ON 8.5 MM. they will pump this soon mark my words. Salty no RSR'ers will be left out.

>>14851831
What’s your price target?

>>14842526
>This is the next Chainlink
So it's a scam?

>>14852578
scams pump the hardest. Just look up the coins that had the biggest gains last alt szn, search back to mid 2017 and see who called them, now look at what they're buying now. They all have RSR stacks

>>14852427
First 100 sats.
But I think 200 - 250 sats can be hit easily once fomo kicks in.

>>14853010
Okay. I was look for a dollar value. I do not understand why someone would use data as a price target

If RSR and BTC went up in unison/ proportionate percentage wise to each other... and say RSR was $1 but that was still only worth 32 sats ... you wouldn’t sell?

That’s why the sats valuation is worthless to me

>>14853050
Use sats as a price target*

Autocorrect baka

How will you cash out?

Please fill my 29 sat buy order

It will be listed on coin base eventually once they go through the necessary steps to be listed.. they are one of the few coins that have been following step by steps to be compliant with the SEC