/biz/ - Business & Finance

>>20653532
dunno but I have to keep hiding a amp thread every refresh

>>20653532
They want to squeeze the last $ of FOMO, once there is no more impulse driven buyers they dump and the successive rebasing birth a new legion of pink wojaks.

>>20653532
They need new people to buy like crazy so they don't lose money. They need exponential growth which isn't going to happen. They just keep having their money go up no matter what. Totally not a scam guys.

Wasu wasu wasuuuuuppppp AMPL.

Can't wait for these cucks to go back to wagie life. Exit scam confirmed.

>>20653628
>they need people to buy for the price to go up
>the same thing doesn’t apply to every other crypto or stock out there

just shitcoin of the month, it'll crash like the rest of them desu

>>20653628
It's not a scam, it's a novelty which most brainlet don't evaluate the risks correctly.

>>20653675
to be fair other cryptos dont just generate money out of thin air every 24 hours, increasing the sell pressure on a daily basis

Literally /biz/ complaining about bitcoin threads in 2014 "taking over biz"

Buy now or regret it later.

>>20653675
Everytime this coin decreases in value every AMPL fag says
>Just wait for the rebase.
This coin just makes money no matter what. Nothing to see here guys 100% legit.

You guys need exponential growth to avoid a negative rebase so you don't lose value. It's not going to continue at an exponential rate.
What you are seeing right now is extreme shilling to avoid negative rebase.

>>20653532
I think you may want to do some research on the money flowing into AMPL. Its rising uncorrelated to a lot of other projects, I know for sure a lot of new money is entering crypto to buy into it.

>>20653532
pyramids need new people to keep constantly buying in that’s the entire purpose

>>20653701
This desu, I see two ways it ends:
>Jumps up to 1bn or whatever mcap, then slowly rises as a USDT competitor
>Jumps up to 1bn then plummets to like 200mil mcap, then steadily rises from there
People don't understand that these profits are coming from the price discovery stage. It's essentially the price discovery stage of USDT except the printed money goes to investors instead of the minters.

>>20654007
At this point its actually impossible to not profit from this no matter who is buying in.

It's just another copy paste erc20 scam with barely any effort put in. You'll never hear about this shit again after two or three months. This months idena or curio jeetcoins

>>20654007
>July 14 - 70,000,000 market cap
>July 22 - 350,000,000 market cap

Nothing to see here. Totally natural growth. Not hyperinflated on complete lies.

Do you think whales spent $320,000,000 within 10 days? Shouldn't these whale basically own the entire market? One whale dumps and it's over?

>>20654091
I invested 16 eth, got 20.4 eth back. Reinvested that in axion about 30 mins ago and now that's up to 30eth.
It's a good slow rise but the mcap is too high for moon potential.

>>20654184
First you calculated the circulating supply x price then you calculated the total supply x price. Nice fud. Buy back in bro, it's still early.

>>20654312
I didn't Baljeet I literally just took the market caps from coinmarketcap. It's ok keep lying to yourself.

>>20653532

>>20654219
I commend you for your trades, honestly, AMPL is great for making money at the moment even if people sell to buy into their favorite projects.

>>20653532
To flip Bitcoin out of sheer autistic power and positive rebases alone no new buyers needed anon

>>20654498
>great for making cash
Lots of shitty Ponzi schemes are

>>20654603
Define ponzi and learn why you're an absolute blithering retard.

>>20653532
>what's their endgame
To contribute to a mass suicide of /biz/ anons

Everytime I read the word "ponzi" I get hard thinking about how much money I will make when you guys buy my bags at x10 the market cap. No other legit coin has been called "ponzi" so many times since BTC.

>>20655105
hex is called a ponzi all the time. almost the same thing

>>20654219
>10% compounding gains is not moon potential
i've been in and out myself to chase gains but think about what you're saying anon

>>20655105
>he gets hard when men talk to him
Ngmi anon

>>20653675
actually the trick here is the rebase, if people don't buy, it's not only that the price goes down, they take away your tokens. I keep seeing Amplefags repeat this like every other project rebases their supply based on price action but they very obviously don't
>AMPLE is a shitty stable coin because of the rebase
>NOT A STABLE COIN NOTHING LIKE THIS HAS BEEN DONE TOTALLY NEW
>okay but doesn't the rebase open up serious retraction concerns if the buy pressure drops too low?
>LOL EVERY COIN DOES THIS IT'S JUST LIKE EVERY OTHER STOCK OR CRYPTO

>>20655761
At its growth rate the prospect of a negative rebase is silly. Once it reaches 1bn the sky is the limit, then at 10bn people will 100% arbitrage this to keep it around $1. If you don't believe this you're stupid.

>>20655588

>>20653532

>>>20654088

>>20655811
>At its growth rate the prospect of a negative rebase is silly
so... your argument is, that DOES operate similarly to a ponzi, but you see enough buy pressure to ride it to a 100x and everything will be perfect and if I don't believe this claim presented with 0 evidence I'm stupid. You are probably too new to even get the reference but you would have bought Bitconnect hook line and sinker

>>20655911
Define ponzi. Go on, do it.

>>20653532
It's a bunch of people from Twitter trying to copy the "LINK effect on /biz/" for their shitcoin. Just filter that trash and move on

>>20655942
The simplest idea behind a Ponzi is it uses funds generated from new investors to pay off old ones, meaning the last investor wave (and the biggest) gets hold holding the bag, as there will not be another investor wave to scrape their profits off of. This operates like a ponzi in that you don't make money off the price increase but price increase and supply rebase, which means as long as new people are buying, the supply goes up, or the profits are being indirectly distributed to holders via rebase. It's not a Ponzi but it certain borrows from their economic model and has every opportunity to collapse like one.
Be honest anon, does this even have a use case? If it hits 100b, it might be a stable coin, like a hundred other stable coins lol. What does it do right now that would make it worth buying?

>>20656073
Having a stable coin not linked to a global currency is the dream of crypto.

AMPL isnt a ponzi because anyone can cash out at any time. Invest and if you're scared just pull out. A lot of people have made a lot of money with this, and its been really good for them and they were able to cash out all the while this continues to grow. You can live in the dark or you can capitalize on an investment.

>>20653532
To overtake Bitcoin, which we will

JUST HOLD !!!!!!!!!

>>20656144
>AMPL isnt a ponzi because anyone can cash out at any time
this is literally retard tier logic, anyone could cash out of Bitconnect at any time too LOL I knew you would fall for it

>>20656677
And anyone can cash out of Bitcoin anytime they like. Or any other equity or financial instrument of their choice. So yes, it's like that.
AMPL also doesn't guarantee returns. Because we're in the price discovery phase, positive rebases are a lot now likely now than when the market cap matures and stabilizes. You just have to get in early to reap the biggest rewards and hold. You can try and swing the market cap, but you gotta be able to call the top and the bottom to make that work out for you.
If you don't get it, that's fine. Don't come back here whining in a few months or years when you realize what an opportunity you missed.

So the only purpose of this token is to hold and hope others hold too? It's useless, and all holders will get dumped on hard when the time is right.

>>20657403

>>20657403
No, the purpose is to be stable enough to be used as a medium of exchange. No one spends their hard earned Bitcoin because it's seen as an investment and a store of value. If 1 Bitcoin today will buy you a half decent used car, why would you spend it if you could get a fucking lambo in 3-5 more years? That's a huge problem for adoption.
But if you had a currency where 1 AMPL could buy you a cup of coffee, and in 5 years it would still but you that same cup of coffee, you're not likely to hoard it and refuse to spend it. This creates adoption and is the biggest use case for the elasticity of a currency.

>>20657605
So, tether? Doesn't the rebasing destroy that idea?

>>20657403
Ok listen here poorfags you obviously have never held more money than your unemployment check at once so I'm going to explain to you how the economics behind AMPL works. When you're a whale and have $1 million or more, there may come a time when you need to quickly liquidate your funds into a stable asset, like during Black Thursday in March. Usually you're not the only whale liquidating funds, because there's typically a catalyst that prompts many whales to liquidate their funds. On Black Thursday, whales started liquidating millions of ETH for DAI and DAI came off its peg and on some exchanges DAI pumped close to $1.15. So when you have a protocol like AMPL, a whale can buy into it, raise the price, and then get back the lost money due to slippage over a period of time with rebases. The whale doesn't need to "sell the top" when the rebase happens. He's the one that raised the price and so he is compensated for raising the price. In fact the whale might not even completely recover his funds due to slippage, but it sure as hell works better than DAI when protecting whales from slippage. Ultimately he might still lose a certain percent, and the holders that provide liquidity end up winning in this situation. Do you understand now? Your fish money can't raise the price when you put your $1000 unemployment check in, so to you it seems like a worthless ponzi. You're not the target customer. In fact, what you're supposed to do, is liquidity mine so that you can profit off whales going through slippage. However, this coin is taking off so fast, that it's more profitable to speculate short term that more whales will concurrently enter AMPL.

>>20658317
If a whale wanted to liquidate their funds quickly why would they pay any attention to this new and relatively unknown token?

>>20658465
Liquidity.Did you not read it?

>>20653703
>thinking price matters

ngmi

>>20653563
I hide all AMP and XSN threads

>>20658291
Rebasing right now sounds like radical/extreme gimmick, but that's because the market cap is increasing so fast, resulting in huge rebases. Eventually once the market cap stabilizes and thus the price stabilizes the rebases will be tiny or nonexistent, tiny fluctuations you wouldn't notice.

https://m.youtube.com/watch?v=jTQiaooeo_U

>>20659122
Marketcaps stabilize given their current utility and value. AMPL might stabilize at 100B because that’s sufficient for the needs of the crypto market. What’s the market cap when there’s demand for the use of Ampleforth in the precious metals market? Surely you don’t want to sell your gold for (((USD))) aka Black lives matter coin.

>>20656073
>Be honest anon, does this even have a use case?
Stay poor.
It gives me more peace of mind than USDT, easier to comprehend than DAI minting process, not centralized like USDC, has a working product unlike RSV.

>>20653532
literally exit scamming greater fools who cant control their greed and buy into their scam.

>>20660391
so, like any other crypto. got it