/biz/ - Business & Finance

this is how its supposed to work

>>20603050
AHAHAHAHAHAHAAHAHAHAHHAHAHAHAH YOU FUCKING RETARDS BOUGHT THE TOP OF A PONZI

>>20603050
Just hold. I'm down a few grand too and that was with buying the dips over the last few days. Just wait.

>>20603063
Why the fuck would you buy it then

>>20603120
Brianlets on here are ridiculous. You really only ever own a % of the market cap of this coin. So the price is irrelevant.

>>20603050
HAHAHAHAHAHAHAHA HE FELL FOR THE SHILLING

Oh wow whoever could have seen that coming wow I am surprised!!

>>20603050
Amples symbol is a giant pump and dump, what did you expect?

>>20602992

I dare any AMPL bull to argue with this post

>>20603092
You’re fucked, this thing is dumping

Stay calm bizlets. I bought the "top" when it hit 4$. The next few days were nerve wracking but since then made very nice returns. Just hodl on, A couple nice rebases and this will all blow over.

>>20603050
>breath

>>20603174
Wait? Is that not how all coins work? Please explain I know nothing about AMPL

I've always bought high, and sold low, to the tune of losing thousands of dollars, but not today, Anon. Today I break the cycle. I will NOT sell. R-right?

>>20603358
>t. dumping whale

You idiots don’t understand that velocity is important, meaning if the speed of investments slows, the price will fall.

1 year chart... yep dumping for sure. Say hello to the GROUND. Glad I got out @ $3

>>20603478
>looking at price for a coin that is meant to go towards $1 over time

How does it feel to be a fucking moron anon?

>>20603478
>not posting the superior chart

>>20603457
velocity was going crazy but btc mooned and the whales want in

>>20603528
Wait so if AMPL goes down in price per coin after you buy it, does it reimburse you with more AMPL so that your total value stays the same, or does your investment actually depreciate?

>>20603384
It is how all coins work, but exclusively for AMPL market cap is what matters most since in every rebase supply and price get adjusted.
When market cap goes up price goes up, but AMPL lowers the price when this happens and increases the amount of tokens you own.

>>20603578
nobody fucking knows because this coin is like a 7-dimensional puzzle box where nobody can actually tell how much they're holding and whether they're in profit or not at any point in time

Everyone holding it is probably going to get gaped by the IRS in 2021 because there is literally no sane way to report rebases on your tax returns

>>20603050
if you can hold for about 6 days, youll be broke even at minimum if this shit goes to $1 and no need to sell at that point. just enjoy the glorious profits as the marketcap expands and expands

>>20603634
Don’t report yearly, pay the 30% short term gains tax when you cash out

Holy fuck
People here don't even understand how the coin works
Supply increases -> Price decreases by same amount = SAME FUCKING PRICE IN THE END

>>20603384
So essentially if only 2 coins at 1$ exist and you own 1 then you own 50% of the market cap

Ampl basically can split or contract depending on the size of its market cap to keep at a stable long term price.

So back to the example. Once the market cap goes from 2$ to 4$
The coin itself will split resulting a person with 50% of the market cap to have 2 coins instead of 1.

The goal essentially is for a person to buy in early then sell the coins they gain from rebaseing on the market

I have a very small amount because i feel its to much of a leap for mass adoption. You gotta remember half of the people in the world don't understand compound interest and im not talking about women.

My goodness, there should be an IQ test before you are allowed to post about Ample. It's literally designed to move up then down you fucking retards. Just accumulate and hold and be wealthy at 10 bil mcap plus. This board is riddled with stupid fucking lunch money trading teenagers.

>>20603681
Same percentage, not the same price. It's the stable coin to end all stable coins

>>20603706


A small amount is enough to make it with this. This is the most polarizing coin in crypto. It is going straight to a top 10 then top 3 mcap.

>>20603050
Seriously look at that buy volume, holy fuck.

>>20603251
kek'd

>>20603724
What is the incentive for people to increase the market cap? There doesn't seem to be a use case unique to AMPL.

>>20603263
You aren't wrong, but there are enough idiots and newfags in AMPL to allow whales to cause panic and fomo which keeps the price unpredictable. This in turn allows people to try to swing, further making the price erratic. I think it is doomed to collapse too, but I will make money while I can

Everyone who has sold is saying they will buy back in. Let's see how that maths works out shall we.

>>20603881
It's already a net loss if they sold under $2 before rebase lmao

>>20603916
I'm willing to be a lot of people are getting entirely priced out that sold.

PFTFFFFFFFFFFFTTTTTTTTTTTTTTTTTTTT

>>20603050

>>20603634

>>20603928
While others are cleaning house

>>20603546
uhhh if they print money for themselves why should I care?

>>20603478
did you really just post a price chart on ampl uniroincally? lol.... oh man this is a huge buy signal for me

>>20603384
>I buy 1000 AMPL at $2 each costing me $2000
>If the price of AMPL manages to stay at $2, it would take me 7 days of ~15% positive rebases to double my stack to 2000
>I now have $4000 worth of AMPL
>If the price of AMPL does indeed drop to its designed price of $1, my 4000 stack is now worth $2000
>I have broke even
>If I am not retarded, I have sold before this point to avoid any risk of it dipping below $1 and costing me negative rebases
>As long as I can avoid this, I will continue making profit as the marketcap grows through organic use of the coin by the community
>I will continue receiving small positive rebases if this happens
>If it does not happen, I have already sold at no loss

You are not buying a coin, you are buying a chunk of the marketcap

To make eternal profit from AMPL all you need is an initial investment, 7 days of positive rebases, and a bit of vigilance to keep an eye on the price. EVEN if it were to go below $1 and you were hit with negative rebases, you still own your percentage of the marketcap and at worst you will still be broke even. At some point, except for catastrophic failure, the price should return to $1.

The profit making goal should be to continue receiving positive rebases and to at some point sell your stack for big gains or to sell slowly over time. Remember, selling your stack DOES eat into your percentage of marketcap you own. There is no way around this. This is not a technical ponzi.

Enjoy folks.

Can’t wait for this to happen to link

>>20603174
THIS IS COMPLETELY WRONG. IT'S NOT ABOUT TOTAL SUPPLY, IT'S ABOUT SUPPLY ON EXCHANGES

>>20603050
OOHH NONONONONONONONONONONONONONONON NOT LIKE THIS IT WASNT SUPPOSED TO BE LIKE THIS OH GOD OH WHY I FUCKING BOUGHT THE TOP HOLY SHIT ONCE AGAIN IM A FUCKING RETARD I HAVE LOST THOUSANDS, LITERALLY THOUSANDS OF DOLLARS AAHHHHHHHHHH FUCK YOU AMPLEFAGS YOU SHITHEADS GOT ME TO INVEST IN THIS SHITCOIN YOU SONSOFBIITCHES MOTHERFUCKERS RRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>20603634
I'm putting it all in the geyser/uniswap pool. All the IRS needs to know is I bought UWETHAMPL-V2 at X price and sold at Y price.

just fucking buy all the AMPL you can before the market cap reaches a billion
that way when it reaches 100 billion you've have unequivocally made it

>>20604254
guess you’ll wait forever

>>20603546

Imagine not being able to tell why people swing rebases by this point.

>>20604247
> "if im not retarded I have sold before $1"
dude it dipped to $1.50 you fuck. I bet your dumb ass wasn't ready to sell. The truth is, if this thing goes under $1 -- prepare for the dark times.

>>20605201
>dark times
You sound like a faggot

>>20605201
You only lose 10% of your stack per rebase. You'll have time, brainlet.

>>20605323
yeah but the price can crash much harder than the supply

pimplefilth

>>20605348
I don't think you understand.
People will see that they can put in money at < $.9 and they will swing back in for the inevitable snap back to (and obviously over) $1.
This token makes the price find $1. Simply holding until it returns to what you originally put in (which won't take that long) will never not be doable.

I can see selling and staying out for a while once we come off of the bullrun, but otherwise it's just silly.

>>20605201
negative rebase does literally nothing to your $

>>20603092
>down 31%
"just hold"

jesus christ

>>20605201
Just sell and don’t look back. If you’re this panicked over a drop like this, with you finger hovering over the sell button the whole time, you are never ever going to make it. You are the weak hands the whales continue to shake out like clockwork to continue growing their shares of the MC. Read the redbook. Learn just a little about your investment if you are staying in it.

To be fair, you have to have a very high IQ to understand Ampleforth. The mechanism is extremely subtle, and without a solid grasp of theoretical mathematics most of the calculations of rebase will go over a typical holder's head. There's also Triffins nihilistic outlook, which is deftly woven into the elastic design- his fiscal philosophy draws heavily from global reserve literature, for instance. The Ampleforce understand this stuff; they have the intellectual capacity to truly appreciate the depths of these rebases, to realise that they're not just gains- they say something deep about stability and VALUE. As a consequence people who dislike Ampleforth truly ARE idiots- of course they wouldn't appreciate, for instance, the futility in selling after a rebase, which itself is a cryptic reference to the same market cap before rebase. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Ampleforth's genius algorithm unfolds itself on their computer screens. What fools.. how I pity them.

And yes, by the way, i DO have a Geyser tattoo. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand. Nothin personnel kid

>>20605405
i dont think you understand. The price on the last negative rebase went to .22 cents. thats a 90% reduction in the VALUE of whatever it is your holding. 90%.
im not saying its not gonna bounce back. there will be people buying but dont underestimate the realization that you are loosing major money.

>>20603050
You guys do realize that the sell pressure from the rebase gains is over and we are on track for a minimum of about 10% rebase tomorrow, if not more once it breaks 2 dollars again

Think about it.

>>20605828
Yeah I mean whales literally dumped 10s of millions and it's already snapping back.

Who's that faggot trying to explain AMPL is the federal reserve of crypto yesterday? I told that faggot after he typed an essay out that I had no fucking clue what he just said. What a fucking faggot.

>>20603634
>there is literally no sane way to report rebases on your tax returns

Stock splits, you absolutely ironic retard

>>20605982

You on the left

>>20603746
hopefully that guy held his XVG

>>20603050
Bitcoin, Ethereum and Chainlink

Only these 3 are worth it.

>>20606059
I sold all my BTC for ETH earlier today

>>20605741
Do you understand that the people who held through the last negative rebase only saw their value reduced to that level for a very brief point in time. Because what are those tokens worth now? How much has their supply increased since then? Like, are you fucking serious?

Jesus shit... 22cents??? You are talking about October 2019. The volume for that day was $388.

That's your example?

>>20603050
We're going to 80 cants. 50% market cap halving (or more)

Buy at $125M cap.

>>20606647
Yes, 100% pajeet. 50% negative rebase...

>>20606059
>chainlink
Not buying your gaslighting cult shitcoin

>>20606441
>Do you understand that the people who held through the last negative rebase only saw their value reduced to that level for a very brief point in time. Because what are those tokens worth now? How much has their supply increased since then?
yes i do. But im not talking about THAT. im talking about the shock for normies to see the value of their investment drop by 70%-90%. Im talking about the panic - not the actual investment. The panic (in theory) could drive this to 0 because its base-money. It has no purpose or value outside the purpose and value that the market gives it. It is possible that the panic can be so big that the market looses any interest in it (unlikely - but it CAN happen). and the low was .15 - if it got their before it can get their again - thats all i was saying. how likely is it? no one knows because this didnt exist before - so we are in uncharted waters - anyone saying they know is a fucking idiot. Im just saying consider the other possibility too.

>>20606834
They would have to have the AMPL capital to drive the price down that far, but it doesn't exist for the people stupid enough to think like you

>>20606871
>people stupid enough to think like you
kek your an arrogant idiot. im talking about market psychology. the "capital" is there when everyone is panicking. BTC went from 800 BILLION down to less that 180 BILLION - and we are not even talking about a 1 BILLION MC for AMPL yet. "capital" will show up in a panic

WHERE ARE ALL THE GUYS FROM "ALL IN" THREAD YESTERDAY??? SHOW YOURSELF!! AHAHAHAHHA

>>20603050
>not buying the dip
just went all in and dropped 30K, see you guys on the yacht

>>20606992
Comp sci 6'2" Dutch master race here. Trust me when I tell you you're dumb, and your theory won't ever happen. Now go pump my bags. Thanks

>>20605828
just wait till tomorrow when everyone will try to cash out after "one last rebase"

>>20607035
>your theory won't ever happen
im considering it fag. im not saying its 100% gonna happen - im just fucking completing the picture. FEAR/FUD cycle is literally part of the design kek - and I dont consider you Dutch Robots as part of the human race.

>>20603578
you buy market cap % the only thing that matters. if it goes up your investment goes up and the other way

>>20607026

Based smoothbrain

I'm down about 10% today, which is too bad. Of course, I'm up 150% on the week, so what can ya do.

See you next week!

>>20607084
> and I dont consider you Dutch Robots as part of the human race.

I'll admit I laughed.

Too much liquidity and too much incentive to provide liquidity. Not clear how anything but covid v2 stops AMPL at this point.

>>20607155
just trying to think of the opposite of anons thinking now AMPL is the second coming Jesus. im invested lol im like a top wallet kek

>I lost 30.000$ today.
now Ill wait 3-4 days then Ill post here on biz
>I have made more than 200.000$ with ampl you faggots.

Best coin, crazy times!

>>20603050
LOLOLOLOLOOLOLOLOLOLOLOLOL

>>20607277
Imagine laughing and still being oblivious

>>20607275
i put 250$ in, held thru all the dips and rises, and now my ampl is worth 1900$ even at todays price.
feels good

>>20607362
> think about the "I'm all in" thread yesterday
AHAHAHAHAHAHAHAHAHA

>>20603050
AHHAAHAHAHAHAHHAH FELL FOR THE SCAM YOU STUPID FUCK HAHAHAHAAHH

>>20607815
>tfw dumped 1000 stack of linkies into AMPL at $1.87
>nearly 30% up

>>20603120
Just fucking Short it nigger

Look at the market cap ya dingus

>>20603092
Redditard spotted. This thing was shilled so hard there before biz. That is how I knew it would be a Ponzi.

>>20604617
Hold. Guaranteed money back in two days. Just watch

>i-it's supposed to d-dump

keeeeeek imagine being this cucked. this is the worst scam that's been shilled on /biz/

>>20607026
Reporting in.
Because of rebase I am already in the green. Coin plummeted - more money's High IQ coin

>>20607035
6'2 manlet

>>20603050
Go be a twitter faggot somewhere else.

RRRREEE shills said I would be rich... down 50%.. what am I going to tell my wife

HAHAHAHA I told you fuckers..
Muhh rebase. get rekt cunt. I hope it drops to $1 so you don't get any rewards.

>>20610068
I bought at ATH and was in profit again in a few days. You need patience and strong hands to make it.

everyone in the thread thought they were buying the "next" link lol

Lol if this goes near one dollar people will dump it like crazy to avoid negative rebase. be carefull guys. I sold at 3 dollars btw.

>>20603263
didn't read the whole post, but one of ampl's selling point is to be an uncorrelated crypto asset to daytrade with. the rebase mechanism makes sure that the price doesn't crab (at least outside the 0.95-1.05 range)

that said it's still a shitcoin with no value

>>20610238
on the other hand, a lot of people would buy just above 1.05, it's the lowest price you can get ampl for while still having positive rebases.

basically imagine buy today at 1.05 and then it goes up to 3 again in a week, you'd make like easy 5x

You guys are so stupid, imagine buying a coin at $2 if it’s main feature is to be $1.
Literally wtf
“But muh rebase”
“But..but.. you don’t understand how it works”
IQ so small that my cok is bigger

>>20610505
Top Kek

Here’s a tldr for smoothbrains
Only marketcap matters
Which means,if you don’t think this will be used, over other stablecoins, now is not the time to buy. The best time to buy is when you see slow and steady use.
Fuck, don’t even want to explain but it pisses me off that people are so dumb.

>>20610609
>Only marketcap matters
>marketcap dump 30% in a day
what now amplecucks?

>>20603263
He's 100% right but that whole post can be shortened to "rebase doesn't matter". Anyone not realizing this after having a good think about it is wilfully deluding themselves.
>you have to look at price*supply
>price*supply is unaffected by rebase
>therefore rebase doesn't matter
>therefore no special decorrelated movement pattern
>no reason to use this as collateral over literally anything else
>no stablecoin in the long run

>>20610718
After the 1000% rise?

>>20605741
It's max negative rebase is 9.9% when it reaches 0.01$

This FUD happend at the 4$ too, just hodl

>>20603263
>the magical retarded logic of AMPL effectively claims that the rebase event, which is mechanically simple in its effect, entirely known in advance, and having zero effect on the relative proportions of the commodity stock held by each holder, will somehow cause the total commodity stock to be valued differently after the rebase event than before it.
>what is swing trading
>what are those vertical downward lines every single day after a rebase
still amazes me how people this retarded can write so many words

>>20610867
2 more 30% dumps and you are back to square one amplecuck

>>20610938
>It's max negative rebase is 9.9% when it reaches 0.01$
you'd be already at -99%, so 10% more or less daily doesn't really matters

>>20605915
sinky

>>20606834
>shock for normies
What normies?

>>20603174
SOUNDS LIKE DELUSIONAL COPE

How do I report taxes on this? Do I have to keep track of the price at each rebasement and then report it as airdrop income? What about negative rebasement?

>>20603050
80 Million already vaporized from the marketcap, kek
> muhh price not related, it's about the marketcap retard
Get fucked Amplecucks. When I buy a random shitcoin I also buy into a % of the mcap.The only thing this does is adjust supply to get to one dollaridoo per token, what problem does this solve exactly? Fucking cucks

>>20606059
40% BTC
40% ETH
20% LINK
the chadfolio

>>20606667
Yea, $400M is better price xDDDD than 125 lol I cant believe.

>>20606667
max. negative rebase is 10%

Why anyone should buy this shit below a dollar? When whales will have 100 millions of coins in a few weeks/days

They will dump it till 0.001 and it will stay there till the coins decreased that much so nobody have any ample more to dump

Who is wanting to buy a stable coin which will be volatile as fuck and you have to worry everyda it falls under a dollar and you loose 10%

>>20613087
giant whales can end up with shitloads of a stable currency that receives yield from the geyser on top of fees from uniswap

>>20613145
But they don't care if it falls way below a dollar
They dump and maybe buy then again, but I don't see why it should be stable at a dollar

Yield will they also get elsewhere and the risk is way too high atleast at my opinion

>>20613145

Which can then be used as collateral in DeFi also. Maker polled CT about it two days ago.

>>20612872
lets say it crashes to 0,5$. You lose a lot on the price drop alone but additional 10% every day. In 5 days thats over 40% loss on top of price drop. Now imagine this going on for a month. uff. Not a good hold.
From investing perspective you see that its 0,5 dollars and u know its going to 1 dollar eventually. If you buy at 0,5 and it takes 6 day to go to 1$ you are still at loss because the negative rebases from those 6 days. Not a good investment either, since it could take weeks to rebound to 1$ and you alrdy lost almost everything at that point. This makes it impossible to accumulate on lower prices. Its only a pump and dump and nothing in between.

>>20613295

Yes but it's inversely correlated to BTC so it can act as a liquidity counterbalance much like a stablecoin but perhaps could serve as a useful as a safehaven for possible broader market downturns.

How many losers got rekted trying to dump at a loss??

AMPL held its ground, the marketcap is now increasing

GET READY TO BUY IN AT A HIGHER PRICE PAJEETS

>>20613330
>Yes but it's inversely correlated to BTC
Its only inversely correlated to BTC because ppl think that way. There is no logic or math behind your argument. IMO its not correlated AT all with bitcoin.

I feel physically ill and keep holding back vomit while typing this.

I was genuinely sold on the project due to the convincing promotional posts but IT TURNED OUT TO BE ANOTHER GODDAM PAJEET FUCKING SCAM ARE YOU FUCKEN SERIOUS!?!?

I keep flying off into rages while I stare at my bank account... I’m going to be evicted IM GOING TO LOSE EVERYTHING GOD DAMN YOU FUCKING PAJEETS!!!!

How can you do this to people you god damn sub human FUCKING GARBAGE STREET SHITTING ANIMALS!?!?

>>20608219
You can short it?

>>20603050
The ponzi is over tards. It never could scale that high. Early win late get fucked.

>>20613406
you cant short it because of the rebase

>>20603050
MUCH LESS BELIEVE

THE TRUTH

>>20613384
it's not India's fault you're illiquid enough to not pay the rent but are still gambling on speculative shitcoins.
but this is bait... r-right anon? hope so.

Why people shill this shit so much. From what I see it did 3x, not a big deal. Am I missing something?

>>20606059
>missed out reddit midwit: the portfolio

>>20613384
Don't lose sight man. In a few days you'll be in the green, I genuinely mean that.

>>20613295
You're math is completely wrong and you are a tard. Fud harder next time.

>>20611439
>he meant himself

>ampies are fucked when it comes time to pay taxes and have to record every rebase
OH NONONO AAAAHAHAHAAHAHAHAHAHAHAHAHA

Imagine having to explain this 200 IQ big brain coin to the IRS

>>20613806
kek

>>20614928
Poorfag that has never submitted a tax return spotted.

>>20613806
No it made 50X in a couple of weeks and now got a correction of 18% which will be in the green in the next 24-48 hours.

>>20616170
cope

>>20615177
Imagine being American

>>20603082
just like buying link above 0.49

>>20603050
REMEMBER FAGGOTS FOR THE NEXT TIME, DON'T EVER FELL FOR SHILLING ANYTHING OTHER THAN CHAINLINK, BUYING ANYTHING ELSE AT THIS POINT IS RETARTED

>>20603746

>>20617035
BASED

>>20616679
Wrong hemisphere faggot.