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/biz/ - Business & Finance


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15755470 No.15755470 [Reply] [Original]

is it a Ripple-esque scam?

>> No.15756106

Those that understand the picture in the OP are loading up. By the way, a ripple esque scam would be an amazing investment as well at this stage. Ripple traded for under a penny for a long time.

>> No.15756177

>>15756106

RSR is beyond the under a penny stage that XRP was in. Coinbase listing is already priced in and pumped it from ICO price to 6x and since then it has bled out.

>> No.15756338

dont buy its a scam

>> No.15756353

>>15756177
when the fuck did coinbase list rsr you nigger

>> No.15756363

>>15756353

It didn't list yet obviously but all the shills have talked up the Coinbase Ventures investment and eventual Coinbase listing.

>> No.15756366

scam

>> No.15756374

>>15756363
coinbase effect happens AFTER listing not BEFORE, the coinbase pump will 15x this shit next month.

>> No.15756385

scamcoin

>> No.15757120

>>15756363
You need it to actually get on to the exchange first so that burgers can buy it. Therefore pumping it. Anyway, not that it would matter since token burn will pump it to $1 by eoy 2020, or sooner. As long as RSV is listed on exchanges and is somewhat adopted as a viable store of value / payment method in hyperinflation areas. More adoption = More instability = More arbitrage opportunities = More tokens burned = Less tokens in circulation = Scarcity = Price appreciation. That’s not including other market forces that can also have a positive effect on the price of RSR. People that arbitrage might want to reinvest into RSR and if most of the RSR is tied up in arbitrage contracts or pools then this will pressure the market to increase the price of there’s enough of a demand for more RSR. Here’s usually where fudders will bring up the supply so I’ll just give my opinion on that. The team has locked 55% of the supply in a 30-day slow wallet contract that is more or less out of their control until they request the contract to unlock some of it and since it’s onchain it’s easy to audit. Then there’s the question of investors, if arbitrage yields a 2-5% profit and keeping tokens in arbitrage contracts reduces circulating supply which increases the value of them then the pressure is on big investors to arbitrage so that their tokens appreciate. The same goes for the team tokens unless they’re using them for something immediate like putting them into an exchange or selling some to fund the project but it’s more likely that they will be “staking” their tokens in arbitrage contracts rather than dumping them because it will give them a better ROI over time. It’s hard to get the team to talk about how RSR can be profitable since they’re not able to make promises about prices since that could make them a security and we all know what’s going on with xrp at the moment being under litigation for possibly being an unregistered security.

>> No.15757169

This is finally almost in buy territory for me. Once it hits 0.0014 I’ll buy some.

>> No.15757197

The new hot pump and dump, buy high, and higher still. Till some idiots buy out a child to buy a lambo


Yup, that is biz in a nutshell

>> No.15757315

>>15756363
When is why idex can't list it right? That's right...it's a security

>> No.15757348

>>15757315
They’re not listing it because they’re unsure still. They’re not listing a lot of things on the US version because they’re trying to avoid legal action against them. They’re just playing by the new rules, like everyone else, look at binance relaunching their US only exchange.

Once it’s made clear that RSR is not a security and Coinbase lists it then you’ll see it back on IDEX and possibly on other exchanges as well. They’re already working on this.

>> No.15757385

>>15755470
yes

>> No.15757485

stay away from this scam

>> No.15757502

>>15755470
very confused by this, seems like a ponzi

>> No.15757705

if a 'scam' or a 'ponzi' can make me the most money i'm still buying it. just dont be the last one holding the bag after the pump. ripple style, even tron style 2017.

>> No.15757814
File: 160 KB, 1600x900, 1_TGdGfrD4IpazmcPPGXrC3Q.jpg [View same] [iqdb] [saucenao] [google]
15757814

>>15756338
>>15756366
>>15756385
>>15757485
>samefag
>red ID
>4 posts by this ID

>> No.15757876

>>15757814
I warned you

>> No.15758308

>>15757120
So what exactly does arbitrage do to your rsr stack? From my reading, it sounds like arbitrage consumes your rsr stack over time until it's all been converted to rsv. But you guys talk about it like it's a source of indefinite passive income. Does the contract automatically repurchase rsr or something?

>> No.15758995

>>15758308
If you have 1 million dollars worth of RSR, and you're making 30k per year on it, and then you're reinvesting that 1million (in RSV), back into RSR and making another 30k per year, that's kind of the definition of indefinite passive income, no? There's also the chance that RSR goes up or down in price so if you time it right you can get RSR cheaper, and if you time it wrong you might pay a bit more, but as long as it stays the same or goes up in value (from the time you buy it), then you're making the same or more if you continue to arbitrage. Since the contracts aren't out yet for us to look through all we can do is speculate, but I would imagine you can set it up to only buy RSV (arbitrage), when you're at a profit based on when you bought and what the market values were.

The first few years RSR will be burned at higher rates because RSR is not worth a lot in terms of price per RSR token vs. RSV ($1), but as more get burned the value should go up based on scarcity and demand which should go up as long as RSV is being adopted and creating more arbitrage opportunities. Not everyone wants to tie up 1 million dollars worth in a contract though, so I would imagine when the contracts are created that you can put as much or as little RSR as you want to use for arbitrage, but since this is a brand new system no one knows exactly how it will work until it starts being used. All that we can do right now is speculate based on what the guiding principles are.

>> No.15759009
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15759009

>>15756106
This. RSR will go to at least 10 cents. If we're lucky 1$. Its got ripple / eos pump written all over it.

>> No.15759145

>>15759009
I think a lot of people will be surprised at how much RSR is burned and how quickly we can climb up in the value of each RSR. Since the value of each RSR is directly tied to adoption rates and adoption rates will directly influence burn rates and then burn rates will influence value it's not that easy to visualize right now. A lot of people are also really bad when it comes to big numbers like Billions and Trillions, it's hard to make sense of it because we don't deal with those numbers on a daily basis. The goal of Reserve is to target these high inflation countries and if they can capture just 1% of the total GDP of each country you're talking about Billions of Dollars being converted into RSV and that's not including crypto exchanges or what might happen if the App starts being reported on by the mainstream media as a viable alternative to local currencies. The team seems to be using certain principles about marketing and product development that they learned from people like Thiel and Altman and if those principles are applied correctly to the App and it takes off there's no telling how high RSR could go in a few years time.

>> No.15759632

>it's an ethereum token
kek
I'm sure governments will be lining up for a coin that does 14tx/s.

>> No.15760696
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15760696

>>15759632
You realise they can migrate to another chain if need be? Plenty of ERC-20 tokens projects have done so.

>> No.15760797
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15760797

>RSR migrates to a different chain
>old tokens are rendered worthless

>> No.15760886
File: 104 KB, 777x1196, Heels.jpg [View same] [iqdb] [saucenao] [google]
15760886

>>15760797
This has got to be bait. You never heard of a token swap?

>> No.15761838
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15761838

>>15760886
how do you know they'll do a token swap if they migrate chains?

>> No.15761845

>>15757120
Can you explain the logic if this token reaches $1 by eoy 2020 as you said not to dump it? Doesn't someone have like 500m rsr (Thiel?), that's half a billion if rsr is $1. Investors are going to rely on smart contracts and make a few % each year... are you serious?

>> No.15762264

>>15761845
Well they can either make 515mil guaranteed with no risk or market dump 500m which can end up as 200m if it crashes the price. Also, as you arb you burn and as you burn you’re raising the value of each subsequent arbitrage interaction since you’re using less RSR as the value goes up. So if you arb that much RSR at $1 then chances are it will be worth more than $1 by the end of it so you could 2x or 3x your “small percentage”.