/biz/ - Business & Finance

>>19965430
based and AMPL pilled. this is just like LEND at a 4M cap. few will understand until we're already gilded in gold.

Biz does not deserve AMPL and probably won't listen. Sage.

There are risks with the geyser. I'm wondering if just trading them is is better?

>>19965982
contract black swan risk for sure. but its been audited with flying colors from Certik.

the risk is not doing it and missing the latest amazing % roi liquidity program in defi - and getting in EARLY (just 3 days in!).

>>19965430
If price goes to 0.90$, you buy ampl for 100$?

Whats your logic here?

>>19965430
uniswap the best place?

>>19965430
If everyone does this wont it just destroy the liquidity?

>>19966254
Opposite.
Sell AMPL before the rebase.
Buy back 1% extra immediately after. Or in the future instruments will appear to help you short it and do this properly. For now. Be careful padawan.

>>19966318
Or maybe it will create trading mania kek, and some people doing it incorrectly, or getting fear, or getting fomo... EMOTIONS HIT.
Trading is an art, not a science. It's easy to explain but hard to execute.
We can do it right. Let the reddit noobs get it wrong. If you never done it then you can't handle your emotions. Speaking from experience.

>>19966275
>uniswap the best place?
YES. Since 3 days ago there is now $1+ million in the uniswap pool. It's 8th largest pool on uniswap
(JUST behind BAT and REP - yes, this lowcap u not heard of.. well, some whales makin' moves ;)
Uniswap is THE best market. Forget this fag shit like finex and kuckoin. srysly fuck kucoin.

>>19965430
wouldn't you lose the bonus from the geyser if you remove it everyday? in order to get those 180 free amples, you'll have to withdraw from geysey and liquidity pool and enter it again

>>19966421
>wouldn't you lose the bonus from the geyser if you remove it everyday? in order to get those 180 free amples, you'll have to withdraw from geysey and liquidity pool and enter it again
True yes.
I think the best strategy is to go into the geyser. But there are different types of traders. Some are arb-purists and this suits them.
As a long term hold - I think it can outperform this scalping - but sure, if u wanna quick arb here and there then take the profit - maybe you can keep a stack separate in your arbing stack and every day pull the profits to the geyser ;)
Red the "ampleforth redbook" , it's short, talks about "slow vs fast trader" . Once you understand this you can come out on top here.

>>19966318
no. read more.

I'm 50/50 hodl gang geyser gang + flip for more AMPL gang.

>scampleforth
This doesn't even work OP, cuz the rebase applies to the uniswap pool as well and so the exchange rate on uniswap instantly adjusts downward with a positive rebase. Your strategy is no different than buying 100 link and then selling 100 link 5 mins later.
It's explained here
>https://medium.com/ampleforth/uniswap-ampleforth-is-kinda-magical-6262ea014404

>>19967125
^ brainlet alert

>>19967224
refute it then

>>19967224
Yesterday there were a few people who thought they got it, but got it wrong. This is ok pepe. Getting it wrong is the first step towards the mind blowing moment where you GET IT. And cos u got it wrong, u understand how Reddit will just not be able to understand it and get REKT.

>> Ok, so instead of 100 tokens worth 10 bucks you have 1000 tokens worth 1 buck. What's the point? >>

No, this is incorrect. You get the EXTRA supply of tokens AT THE CURRENT MARKET rate. The supply is changing by smart contract rebase daily, but NOT the price, the price is freely trading on market. The supply changes and you have 1-5% or whatever amount (it was 0.97% rebase overnight) extra tokens in your wallet.

i.e.
If you bought 1000 tokens at $1 ($1,000 bag), next day the price increases to $1.10 and there is a 1% rebase supply increase you now have 1010 tokens, each at $1.10 each(you have $1111 in your wallet.

Take a larger timeframe: 15 days later the price has DOUBLED to $2, simplified to 5% daily averaged for 15 days straight, you now have 2000 tokens, valued at $2 each, so $4000 total: a 400% return, not just a 100% return.

Yes. 5% daily, for 15 days DOUBLES your tokens.

This is a DAILY INSANE COMPOUND INTEREST COIN.

An aggressive coin for traders who can think, have math, and understand economics. It will REKT those who dont - into your pocket.

Reddit kuks just won't understand it. It cycles hard, it rises in cycles, and falls hard. If you can figure out the supply based trading, while everyone else trades the price, then you can crush the lame reddit trader crowd ;)

Btw, it was 0.97% positive rebase overnight, so every $10k bag u have u getting $115 worth of ample supply extra as its $1.15 price.

>>19967257
So its emotionally difficult to buy right, as it is $1.15. But this is price based logic trading ;)

The correct thing to do *IF you think it will perform well over 3 months, positively rebase supply increase a lot and say increase 300% in supply... then yes.
But even in the short term, buying now at $1.15 , say $10,000 buys you ** 0.1% of the supply.
It might/SHOULD be cheaper than buying $10,000 in 7 days time with 7x 1% increases (**) in supply, even if the price is back to $1 in 7 days, the supply increases might (*SHOULD if this is HOT right now and starting a massive positive cycle) mean that $10,000 buys you only 0.007% of the supply.

When you start to "get it" like this then you also realise how other amateurs just will not be able to get it and will make incorrect decisions based on price ;)

>>19967257
Its actually difficult to reach $3 , even though that sounds like a reasonable cheap price still. Here's why:

The positive rebase incentivises selling to bring the price back to equilibrium near $1. If you held 1000 tokens at $1, 15 days later the price has DOUBLED to $2, simplified to 5% daily averaged for 15 days straight, you now have 2000 tokens, valued at $2 each, so $4000 total: a 400% return, not just a 100% return.

*Probably at this point traders sell, having an amazing profit, the price adjusts down, and the rebase % lowers and it comes closer to $1 again.*

If not then each day it continues PROFITS GET EVEN MORE INSANE. the 16th day in a row at 5% compound. You earn 5% on $4k at that point, and its mega profits for anyone involved during that period - people WILL sell.

However, with Reddit stupidity and a bit of fomo, and positive marketing and partnerships I think we can go past $3 kek

tick tock

what if a few fucking whale dump and bring the price down to 0.90$ thus lowering the supply . are we all fucked?

>>19967419
>>19967427
>>19967430
bullshit
also you forgot to change id >>19966275

>>19965430
>this is liquid now
Buying 10k AMPL would cause over 2% slippage.

Nice try anon, but it doesn't work.
You will pay 2.1% in slippage + fee's

Anyway, AMPL is a gem.

buy 100 AMPL at 1.2$ price just before rebate
rebate happens. get more AMPL, proportional to the price change
sell your increased amount of AMPL... at 1$
?????
profit?

>>19967642
Yikes. What's the scam here?

lol

Ample is a winner

>>19966368
>>19966381
The same forces that would trigger a bull rush are the same ones that would trigger a bear run if the price goes below $1.00. Everyone trying to get out before they lose their equity.

>>19967419
What happens when a whale with large market share just dumps and destroys your equity?

>>19967721
You can buy them on Kucoin.

can't believe I First dumped ampl and then ignored it on the first dump to 50 cents and back

We are seriously early in this grand game of ponzi scheme.

Think of it like Bitconnect, but FASTER and secured by codes instead of retarded promoters

>>19968603
kek. except this isn't a scam and will literally make us rich.

>>19968479
same i wanna KMS almost bought 50,000 at $0.49

>>19968104
Doesn't really matter because the oracle price is averaged over 24hours.

Then again, the way you're asking is also akin to asking 'what happen if a whale with a large market supply dumps XXX coin'. Price will obviously crash

>>19968656
what do u mean it doesnt matter? that if whale dumps and destorys your equity?

bumping this post so I can review it later
Tryna make some money for free if you know what I mean

>>19968723
You're overthinking it anon. As much as owning a % of a supply is part of the mechanics, desu it's just a meme.

The only thing I care about is Current Price and Amount of Tokens I own, just like any other coins out there.

If a big whale dumped his tokens, he can only crash the price. My number of tokens will remain unchanged, unless it crashes below $0.95 on a 24h average.

>>19968854
Kek I've gotta do more research on this

If you want to trade it just look at the marketcap, Coins usually have a fixed supply and the token price varies (and you trade accordingly to this variation. Fixed Supply x Variable Price), while in ampl, both supply and token price vary (so, you trade Variable Supply x Variable Price).

I don't recommend trading it rn because ample only works with a lot of trading pressure, requiring a much bigger marketcap. Makes much more sense to ride the upwards trajectory. How does that happen? Integrating ampl in liquidity programs, borrowing/lending programs, trade pairing, etc.

Ample is probably the first project i've read that my first impression was: this is what bitcoin aimed to be. The biggest problem is, once again, distribution of the token (ampleforth foundation). But the mechanisms of it are great and don't involve weird incentives dai collateral crap that makerdao is based on.

>>19968656
So I decided to give this a go and stake in the geyser for easy money. However, it won't accept my uniswap tokens for whatever reason.

I deposited eth and ampl on Uniswap, got the tokens to my coinbase wallet. Tried twice to deposit them via the geyser on ampleforth.org, each time the transaction on etherscan succeeded, but geyser said the transaction failed. Tokens still in wallet.

Of $20, I've burned $17 dollars on this shit.

>>19969238
eth is a pile of shit. no one will actually be able to help you.
yesterday I burned about $25 trying to get makerdao transaction to confirm.

>>19969398
That's why Fantom is gonna be a much better defi platform.

>>19969446
get that scam outta here anon

>>19969446
go away rajeet

>>19969238
sadly all these defi yield farming are congesting the eth network now, making gas's prices expensive af

>>19969735
Yeah, well it's really faggoty and a waste of my money to pay for a transaction that doesn't even work. WTF

>>19969750
I tried the geyser yesterday and it worked, so I'm not sure what happened to yours haha.

But yes, fuck the clogged fees now

if u are a brainlet and dont understand the basics read this

>>19969660
Npc non critical thinker.

>>19969735
Complaining about ETH and not understanding the solution. Retard level anon. You sure you are smart enough to be in my Ampl community?

>>19969882
Someone screenshot'd my 4chan comment. I am officially a /biz/nessman.

>>19969923
Welcome to the insider circle

>>19967257
This DOES apply if you are NOT in the uniswap pool. then you are not auto trading on eth on the rebase - you allow that to happen and then you sell.
This is an alternative strategy... geyser is LONG TERM. This scalp arb is short term

L-lads...

>>19970244
>This DOES apply if you are NOT in the uniswap pool. then you are not auto trading on eth on the rebase - you allow that to happen and then you sell.
Yes, if you can trade with a counterparty who is supremely retarded and gets fooled by the rebase, then you might profit off of that. I don't see why such a counterparty would have any incentive to give you free money, though.

>>19970405
This is retards pumping the price on Kucoin and CEXs. I know cause I did it myself the other day. Buy on Uniswap there is no need to push the price this much.

>>19965430
We gonna leave the poor anons who are too skeptical to enter Bitconnect 2.0.

>$3 waiting room.

>>19970427
It's like saying you can arb a stock split by selling your split shares for the unsplit price lol.

Just leaving this message to the future anons, ampl is a GEM. Just bought 500 for 600bucks

>>19970620
Impossible

>>19969446
scam

>>19970427
obv dont know what youre talking about. theres always a counterparty. the counterparty is the unsiwap pool, contract, its always there, and now there is $1mil+ volume there, thats literally why this works now/

>>19971360
No you stupid bitch nigger, like I explained before the rebase affects the uniswap pool, which affects the uniswap exchange rate.

>>19972003
ok , but .
1. dont be in the geyser, then it wont rebase exchange your ampl into eth and you can do this arb.
2. or be in the geyser for the long term play and get the geyser incentive lp rewards and dont worry about the short term arb stuff.

>>19969923
There's something missing there, the % does change a bit because of the distribution of the tokens (outside of the elastic mechanism) and how they are entering the market in the next two years

>>19972413
>dont be in the geyser, then it wont rebase
Yes it will, the rebase affects ALL wallets/contracts holding ampl

If I have 1000 ampl on the uniswap liquidity pool and then staked the pool tokens on the ampl geyser will my 1000 ampl increase during positive rebasing?

>>19972535
What about people buying on a CEX? Are they affected by the rebase too?

>>19972558
yes

>>19972586
yeah your holdings on an exchange should be affected by the rebase as well (if thats what you're asking), otherwise the exchange would be stealing from you on a positive rebase and have to buy more on a negative rebase

>>19972558
there could be impermanent loss tho, by being a liquidity provider (but the extra ampl on geyser mitigates this).

btw, chainlink makes the calls to Ampleforth’s rebase function daily.

>>19972677
Makes sense, thanks

No one has been able to answer this really. I had 10k USD so I bought 5k of Ampl and 5I of eth so I could put it in the geyser. But I keep thinking surely if I just bought 10k of ampl a d let it sit in my wallet I would make more money? Struggling to see how the geyser is gonna make up for me owning 5k instead of 10k. So far the rewards on the geyser are very mediocre.

>>19972762
you will also get some uniswap fees and mitigating risk by holding eth.
can't really say rn which is the best option

>>19972535
you didnt quote me in full, maybe not intentionally. but let me clarify anyway;
* it WILL rebase you, but IF in they pool/geyser it will SELL some ample onto the eth side of the balance automatically at rebase
if NOT in the geyser/pool then you wont auto sell, you will get the full rebase and then can trade if you wish.
This is the short term scalp play.
Long term is to hold and just be in the pool and the geyser and *probably earn more from geyser rewards AND fees AND still a positive experience from the rebase as you take a little profit into eth each time.

>>19972762
Possible, but unknown, the geyser pool itself could grow massively too - right now it is 77.6k ampl in the geyser pool avaialble as incentives to people, but it started at only 75k ... with 3 full months IF positive (mostly?) then it could b 150k , 200k , 400k ? And then MASSIVELY worth it. This is the bet that $1+mil worth of AMPL is betting on.

basically if this is an early aave, or an early link or an early whatever-top-defi coin, then dont worry about scalping and daytrading. Take the incentives, hold for 3-18 months and be a cofounder level wallet in this unique economic project.
But just if you are a daytrader scalper and thats what you do then there is an opportunity here.

>>19972819
>but IF in they pool/geyser it will SELL some ample onto the eth side of the balance automatically at rebase
I don't get you, what is "it" here, who/what will automatically sell ampl (for eth on uniswap is what I think you mean)?

>>19972762
Think of it this way, at least you're only exposed to 50% of the risk in case AMPL dumps hard.

On the other hand, yes, your upside gains are limited to only 50% of your capital too. But, you stand to gain with the liquidity pool's fee as well as geyser's rewards

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270

normies daytrading it lmao at fucking 7million marketcap 20% away from price discovery

you missed link, ren, then rsr

yeah miss ampl too kek

we're going ath today WTF

>>19973881
If we ignore dumb fatfingered wicks, ATH was at $2.12 during the first few days after it ICO'd on Bitfinex.

Yes, I think we shd be able to see it breaking ATH by end of this month if the FOMO keeps up

Why is this so expensive now? I thought I had more time to accumulate, guess I'm being priced out

>>19973917
its only up 20% tho

>>19973939
Bruh it's 11x since 2019 WTF you're fucking sayng

>>19973939
I guess it's not that bad but if it keeps going up I'll be priced out, won't have funds for another week

>>19973969
I'm saying that its only up 20% since it was shilled here 2 days ago.

Also, don't look at marketcap you dumb fuck.

>>19972438
Not true. There is a window of time after coin supply adjustment that you can buy or sell at the expansion or contraction price before the price rest, but those coins are from the open market.

>>19972819
The number of coins don't matter. They are simply there to ensure consistent network percentage across wallets. The only thing that makes your % worth more is other people buying in and raising the market cap. Better to think about your account in those terms.

>>19974042
But market cap is the correct way to understand how it profited

>>19974191
Not really.

From my personal experience, I had about 3700 AMPL bought at about $1 near end june.I held this shit bag throughout the negative rebase death spiral (please don't ask me why I hate money). With all the negative rebase being compounded, my 3700 AMPL is now slightly below 1000 AMPL.

Also note that the market cap now is higher than when I started holding it.

>>19974378
end july* i mean. Sorry for the typo

>>19974378
But you still have the same % of the supply, right?
If not, this doesn't make sense

>>19974378
Also, if you lost 2700 AMPL for nothing, why you're still hoding it?