/biz/ - Business & Finance

Reporting...
Been away a few days... back at it...
What sayin?

I want to be high iq

Why don't you stay quiet and accumulate, unless you just want them to pump your 20x bags even more?

Just stop trying to help the dumbasses on this board lol.... im still buying just based off the fact that 70% of biz still doesnt understand even the most basic functions of the protocol

>>20650566
I bought more during the last dip

>>20650494
Thanks for the meme. Will add to the collection.

Ive been in the Geyser since 40ishmm.
Was in the geyser V1 and was on of the first into the beehive...
Thank AMPL crew for creating BeeHive to halp with the IMP Loss...
My Geysey stake is up about 80@ total; so almost double.
These gains include being staked during the 50% dip..
Thats crazy if you thing about it.
nearly doubled (80% gain) ETH and AMP stack in since July 14th.

>>20650494
So whats the plan biz? Do we FUD this on reddit so they can buy our bags at 10b mcap?

Where is the best place to share all th collected AMPL memes I got...
I didnt creat... just been collecting.
Probable have 30; at least.

My liquidity % is lowering in UNI pool... This means lots more money is coming into it...

>>20650494
>>20650637
>>20650755

>>20650305
>>20650304
>>20650353

If you guys want to easily play with what the rebase % will be, check out this google sheet I made:

https://docs.google.com/spreadsheets/d/1m5nMkBVEhbc16Kl1J7CwltbVLSIK0BLH8W0FCKoR7zQ/edit?usp=sharing

Cheers.

>>20650494
will 1k stack make it. been holding only few days already seeing crazy profits from this pump today.

>>20650755
> fell for the geyser meme

>>20650929
you have to talk in percentages, .001% of total supply is make it stack.

>>20650929
HODL... Long hold... Watching the daily ups and downs will cause anxiety.
Buy 200 AMPL... Set and forget for a few months min.

>>20650494
Seem to be getting some resistance at 400mm...
Flirted with 400 a few days ago as well.

>>20651216
Lots of whales have their prices margins here. Just need enough new money and it's to 450-500m in a day or so.

>>20650781
I don't think a coin of this mcap can be affected either way by /biz/. It's all up to the larger audience now.
Ampleforth is a good name though, very classy.

Is it out on Twitter and Redit finally...
This is the most imformative YT Ive seen on AMPL.
WOW! Could This Token CHANGE DEFI?!
https://www.youtube.com/watch?v=6PybmrDgVOo

>>20651252
I concur, did you know it’s based on a character from 1984, the classic ayne rand

Ayne Rand?
Atlas Shrugged...
Orwell wrote 1984

>>20650494
>me on the left
Im retarded but I'm getting money so uhhhh uhhhhhhh it's macaroni time

>>20651336
this is kinda big desu

https://www.youtube.com/watch?v=9-uo-KfnkhI

Just bought in last night to try to figure this shit out. Can I just buy eth and use that to stake? Is that how it works? Do I need AMPL to stake in so confused. The video I watched said to have 50/50

>>20652650
You don't need to do anything, rebases occur automatically everyday at 10pm eastern time. Your wallet balance changes according to rebase percentage.

>>20652650

You can buy AMPL and just hold it. Your tokens will be rebased automatically. For a lower risk/lower reward profile, you can stake in the Geyser, using ETH and AMPL as you describe.

>>20650601
Fucking this. It’s amazing to me that there are so many people here who flat out refuse to read a few pages of the redbook I order to understand the project. The midwit meme is absolutely true. Those sanctimonious, pedantic faggots will completely miss out on all of this, and will keep calling AMPL a scam and a ponzi throughout it all.

Absolutely buying as much as I can below the 2 euro mark holy shizzers

>>20651429
My mistake, I'm still hung over AF.

All in AMPL and never selling.

>>20652702
Ah got it. Any old wallet? Meta mask work? Or is their an AMPL wallet?

>>20650494
I still don't see how adjusting the supply dynamically so the token converge to $1 instead of letting the market figure out the price of a coin changes anything fundamentally.
Having 1 bitcoin moving from 8000 to 7000 or having the number of AMPL I own move from 8000 to 7000 is the exact same thing ultimately.

I would add that any coin with enough marketcap and volume will ultimately reach low volatility (Bitcoin is increasingly less volatile and much less than any crypto out there bar stablecoins).
I made nice gains over the last two months, I will wait to see how this explosive growth ultimately pans out once the novelty passed and it went through some negative rebasing.

maybe make OG AMPL threads the Hayek outta respect...

>>20653052
Meta mask is fine.

>>20650928
Your not taking my linkies with that link fucking pajeet.

>>20652837
My only problem is that it already 100x'd, do you really think it can grow any more?

>>20653602
Yeah, because of the rebases. If it drops in negative rebase price ranges >1$, there will be a rush to buy in cheap and drive it up to past 1$ to get positive rebases again.

>>20653247
I probably won't be on biz next year once I'm rich off of AMPL, but I too will enjoy seeing how it behaves at a 100B Mcap

Is there a site that can quickly calculate how much the compounding interest will go?

>>20654122
nothing official, the team doesn't want people to think of AMPL as "compounding" gains. The main focus is the marketcap. $1 EOY.

>>20652547
Most based video I have ever seen

>>20653247
no one really does
I was asking a similar question yesterday. You apparently have the same percentage of the supply you initially bought at despite getting more or less ampl tokens in your wallet every day with respect to the type of rebase. Why does this happens? no clear answer, just some random plug and chug equation anons copy and pasted from the white paper with no explanation.
idc though, i'm making profits off of this. Chances are most people pretend to get why and are doing the same.

>>20654236
Fair enough, I can do it on my calculator but it's a pain in the arse

I moved it to my Ledger wallet and it doesn't pull the value per coin, but there is still the correct amount of coins so I know they are in the wallet, is this normal?

>>20654394
Pull it up on etherscan

>>20654430
I mean, I know how to check the price etc, but I would like to have it being pulled inside the Ledger Live app, with the rest of my stored assets.

>>20650928
Dont click this

>>20654595
SCAMPL is a Brainlet scam.

>>20654595
How could a google link "hack" you? Actually curious

why are assholes pretending its non correlated to btc when the market cap is going to be perfectly correlated to btc
why would that even matter

>>20654633
>they still don't understand how it works

>>20654731
Explain how it works. No seriously, every other anon has a completely different explanation. Go on.

>>20654705
He hasn't seen the heat map. He doesn't understand the elastic supply. We're laughing at you.

>>20654705
It's rising in price while BTC isn't. Are you stupid?

the filter is working

>>20653785
It's also important to mention that the rebase % is based on the oracle price, which is taken as an average. So if the price were to drop below $1, you aren't going to have negative rebases right away, and even then the highest negative rebase is -10%. So if it were say $0.50 it would only be -5%. And because of supply and demand there's no way people won't buy up the dip, so it will go back up above $1 right away (probably the same day) and the oracle price will reflect this, thus I wouldn't expect more than a day of negative reabses, if there even is one at all. There is simply too much demand at this point for it to stay below one dollar long enough to change the oracle price enough to cause negative rebases.

>>20654760
Market cap is the only thing that matters. Your AMPL actually represent a percentage of your total ownership of the market. Thats why daily price fluctuation is irrelevant. Every day a rebase occurs where a percentage of the value of the AMPL is cut and you're compensated with an equal percentage in AMPL.

>>20654260
What the fuck do you mean, are you retarded? The rebases are proportional, everyone gains the same percentage so their share never changes.

>>20654771
the heatmap is based on price ass hole
>>20654771
ive seen the heatmap. its based on price. are you claiming every currently rising shitcoin is uncorrelated with btc? that would be an incredibly stupid opinion

the heatmap is derived from the fact that when the greater crypto market moves the face value of an ampl stays the same even though the market cap is moving right along with it


yet you claim im the one not understanding

months with a very small cap and near zero volume
ico was at a $50M valuation, for 10% of the tokens (5M)
market cap fell afterwards even below $1M
sudden price explosion out of nowhere
most likely cause: founders slowly bought most of circulating tokens from the ico buyers and now own ~100% of all supply
they started buying tokens from themselves creating a pump, costing them nothing but some tx fees. Probably also paid for shilling.

now they're are slowly selling to brainlets that are fomoing in

very old scam in crypto, still works, funny

>>20654260
I know the rebasing has some lag mechanism (instead of rebasing everyday to $1 it rebases to something a bit less or more than that depending how far it is from $1, it is meant to smooth variations, it's countercyclical pressure in short).

>>20654705
I think the major reason the market is so much correlated to BTC by the way has nothing to do with an economic model and everything to do with the fact that BTC is the dominante pair for the vast majority of the volume on the market. We'll see how much the rebase lag is efficient when BTC actually moves, imo it won't and stablecoins will remain king.

>>20655235
Locked for years to come. And then since they are based in California and subject to US laws, they're actually going to have a very hard time selling it without breaking any laws.

fomoed in with a 575 AMPL stack (0.00035%) since im too scared to touch my LINK. ngmi, but fun to be along for the ride

>>20655159
So you are proving AMPL works. We are in MC discovery phase. Its going to be volatile. But the price is not correlated. Once the MC stablizes it will become valuble.

Where do you think whales will put their profits during the next bullrun?

DAI? Nope, too little DAI.
Tether? Nope, not enough liquidity.
USDC? Same problem as Tether.

>>20654965
That's what I implied, dipshit. It's rebase % is calculated by some plug n' chug formula and distrubuted to everyone. Everyone gains or loses ampl based off the calculated %. Fucking morons and reading comp

>>20655330
read it again, I wrote that they most likely silently bought the icoed tokens at ~10%-20% of what they sold them for in the ico.
It's a perfect scam, at worst they still have ~80% of ico funds, at best they gain millions if brainlets fomo.

>>20650494
yea, i'm thinkin we're gonna break $500mm this cycle

It's already at $400M. It doesn't have that much more room to grow.

>>20655453
Very smart post. 10/10.

>>20655430
Yes. At ATH right now.

>>20650853
im dropping wallet rank...RRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>20652837
>redbook
sounds like a commie book

where do I buy this

Does anyone have the intuition Bell curve meme?

>>20653247
>I still don't see how adjusting the supply dynamically so the token converge to $1
kek! you idiot. the USD value of it remains somewhat stable and since it trends down to $1 - that means you can transact with it much better than bitcoin. Its also non-collateralized, non-debt base-money. i think you can get it - you just need to think about it for a bit more anon.

>>20654260
>Why does this happens? no clear answer
JUST FUCKING GO ON THEIR WEBSITE, JESUS

>>20654760
AMPLEFORTH.ORG

>up 40 fucking percent from the rebase last night
>almost guaranteed 8 more days of fat rebases until the next correction

Guys, we are all going to make it

>>20654260
>I'm stupid
>it's your fault

I encourage you to not buy a single dime of this project

>>20656132

>>20656099
Sneed's Feed and Seed (Formerly Chuck's)
But really uniswap.

>>20655399
>I wrote that they most likely silently bought the icoed tokens at ~10%-20%
source:trust me dude
checkled

>>20656200
I believe your enthusiasm but why do you think we'll have 8 days before a correction?

>>20650636
what fucking dip?
the market cap has been going up only

>>20650853
Liq is at an ATH of 33m, shit is fucking unreal.

>>20656286
there was a 100m dip like a day ago lol, it caught up pretty fast again almost entirely with new money.

>>20656273

Have a look at the chart

>>20656099
Or kucoin if you're a cuck.

>>20656213
Thanks bro

>>20656273
8 days of 10% is how long it takes for whales to be "generated". In other words, after 8 days of rebases, people look at their wallet and go "holy shit, i better not get greedy and take these profits before it dumps" and like lemmings, the price dumps.

However, and this is the genius of the protocol, *as soon as* the price dumps, people who are eager to become the NEXT generation of whales fomo in at a discount ($1.50-$1.80) and this brings us back into the cycle again.

Big brains realize that 30 days of compounding gains at 10% a pop is much better than 7-8, so we're waiting for the big pay out. Unlike an actual ponzi, there will be plenty of liquidity and buyers begging to buy our AMPL 500,000 + ampl bags at $1 a pop. Get it yet?

>>20650494
So true!!

>>20650494
how many to make it?

I Love this thing. I even love any of you frens.
We all gonna make it frens!

>only 67 AMPLs in wallet

At least it's something right?

>>20656619

That's what I started with

And then I FOMO'd in a bunch more right before the drop from $4 to $1.51, those were good fucking times

>>20656495
I'm fully bought in I was more just wondering so I can prepare my brain hole.

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

>>20656286
MC went from 150 --> 80mill (almost 50%) and the recent one like two days ago

>>20650755
bro wtf. ive been in since July 19 and ive already doubled my stack through rebases and youve been in since July 14 and only increased by 80%?

>>20657648

The geyser limits your upside in exchange for massively limiting your downside. You'll see reduced gains compared to hodlers, but you're insulated against the soul-crushing dips we get every week.

>>20650494
how the fuck is the market cap still blowing up? i was waiting for a dip to 240 to buy in. Where are the dumps???
When is the best time to buy?

>>20655375
why would they choose this you fucking idiot
the usecase for this if it takes off is that you can agree to pay people in this and they will know what they are going to get
whatever you think it is is retarded

>>20656495
so you're saying i should wait 8 days to buy in?

Sitting on 2485 AMPL currently. Let’s say there’s a 10% rebase daily for 30 days, how much will I have?

>>20657759
im really impressed that crypto world has this much money capable of being thrown at a shitcoin
uniswap is really revolutionizing things

>>20657895
come the fuck on bro cant u learn the slightest math 2485*(1.10^30)

>>20657794
I hate to say this because English is also my second language and I too had to learn, but it’s starting to effect your argument, I can’t really follow what you’re saying. Why are you against Ampleforth? Are you trying to buy in lower or you actually think it’s a scam and you are trying to protect people?

>>20657931
Im high and I have a naked female sleeping on top of me I can barely type let alone math

>>20657827
In 8 days the dip will be less traumatic than the last, so on and so forth. We're on a upward trend for at least a week.

>>20657839
over 43k

>>20657827
si - best option desu

high iq anon reporting in. ready for rebase

>>20657975
did she make you suck her pepe?

>>20658044
Yeah

>>20658010
Thanks man

Does Blockfolio work with AMPL? Will my rebase need to be added manually or will it magically know how much I have?

can someone post that image which tells you what animal you are based on your % of the marketcap?

>>20654633
Nigga I bought at $2.85. I am still net profit from all the rebases. There is no way you can lose from this.

>>20658175
you are a special kind of dude arent you

>>20658221
>There is no way you can lose from this.
famous last words
>>20658226
yes

AMPL ANIMAL RANKING TIER [% OF MARKET CAP]
------------------------------------------
0.1% - APEX AMPLER - THE HUMPBACK HONCHO
0.08% - SALTWATER DOC CROC
0.05% - ORCA
0.03% - SILVERBACK GORILLA
0.02% - WHITE TIGER
0.01% - WOLF
0.005% - RHINOCEROS
0.0025% - BARN OWL
0.001% - ANACONDA
0.0005% - MUSKRAT
0.00025% - CHAMELEON
0.0001% - GRASSHOPPER
0.00001% - FUNGUS

>>20658285
Muskrat reporting in

>>20654760
Look up demand for money economics

>>20658241
Lol, but at sub 1 billion there IS NO WAY to lose. I have screenshots saved of fudders under 100M. There’s just so much going for Ampleforth and absolutely nothing announced (yet). Smart money is buying as much as they can.

>>20657951
I don't really see whales permanently using this as their default parking location because massive dumps would destroy their principle

I do see people saying "Pay me for the completion of my job 2 months from now in AMPLs" because the modest geyser returns should mean it's extremely liquid and stable enough to always be very close to one 2019 dollar if you're trading out of it that day.

>>20657975
gay

oh baby

>>20658633
Not once it stabilizes. It will the prefer method. Do you want to risk millions being blacklisted by USDT or USDC?

so we should buy just after the rebase dump right?

>>20658843
This has burned so many people in the past few weeks. The immediate buy up of AMPL after a rebase is so fast that you end up paying more for the same market share.

Say rebase is 10% and price is $2. After rebase, the same value should be $1.80. As soon as rebase hits the price will fall and you might get some dumping - but the demand drives that price up so quick that as soon as its above $1.80, you're better off having bought before rebase

>>20658633
It has to stabilize first. Once it does, this looks like it really could be the de facto stablecoin. Calling it a stablecoin is actually kind of derogatory. This could literally be money 2.0.

Wow this is blowing the fuck up all over the cryptosphere. Anyone who isnt in this right now is seriously missing out. Even if your skeptical, invest a couple eth and come back in 2 weeks and see what happens

>>20658731
tell me about the blacklisting

>>20658906
please tell me your favorite cryptosphere locations i only know this website and it unfortunately seems to be 99% pump and dump scams

>>20658843
i need this answered. i'm about to FOMO. When is the best time to buy?

>>20651058
how many ampl is that right now?

>>20659057
its about 10 grand lel

>>20658894
Should I purchase now or in a couple hours? A quick look at the charts is telling me the mktcap falls around 11am UTC

>>20659078
FUG I only have 3 grand in
rip me

>>20651058
>tfw 0.0008
So close

>>20658633
This is retarded IMHO. I think we will see AMPL wrapped inside stablecoins or other “easy to use, easy to understand” currencies. Kind of like what Reserve is doing with its RSV.

Stop shilling or you will die

>>20657951
I'm not against Ampleforth. I think it's a possible stable reserve currency. I'm fighting against it as hard as I can in the hopes that someone smarter than me has a good argument that leads me to the correct conclusion. Do I want to hold this short-term or long-term? I'm still not sure.

>>20655242
>I think the major reason the market is so much correlated to BTC by the way has nothing to do with an economic model and everything to do with the fact that BTC is the dominante pair for the vast majority of the volume on the market
is this true?
I haven't bought anything with btc since silk road shut down

>>20659204
>"We just invented money and I have the unique opportunity to own a percentage of all the money that will be printed, do I long this?"

>>20653602
It absolutely will grow more. Where it will stop, nobody knows, but this is too insanely profitable to the largest holders to let it die in the near future. Another 100x from here is what, a 40B MC? That is not out of the realm of possibility with greater overall growth of the market, given enough time. There are fewer than 13,000 wallets that hold any AMPL currently; there are over 171,000 that hold LINK. We’re all still very early, even those who bought in today. All you have to do is buy it and not fucking sell it until you’ve made it.

>>20656200
normies would be so fucking confused and angry if their account of $1 tokens that are still $1 has gone down by 20%

>>20659148
Cope

>>20659277
lmao. do you not realize how many currencies have gone to zero. youll have to explain the special qualities of this one that will make it become the permanent reserve currency for crypto. first of all you cant even exchange it without a fucking horrific eth transaction that costs multiple dollars, takes forever, and is highly prone to fucking failing.
has the team addressed that in their whitepaper? (no)

>>20659099
You WILL make it, it will just take about a week longer for you

>>20659277
+1

>>20659353
It is a question of technology - technology that will eventually improve or evolve. What you need to be asking yourself instead is: Does the mechanics of this IDEA work as a better currency? And yes, I think it does.

>>20659306
This will be the first token on coinbase to have a disclaimer before buying it. And we all know what happens when you tell a zoomer not to do something. Speaking of zoomers, are they shilling this yet? It’s going to be hilarious seeing them make fun of bitcoin boomers while flossing on them with eth and Ampleforth

AMPL ANIMAL RANKING TIER [% OF MARKET CAP]
------------------------------------------
0.1% - APEX AMPLER - THE HUMPBACK HONCHO
0.08% - SALTWATER DOC CROC
0.05% - ORCA
0.03% - SILVERBACK GORILLA
0.02% - WHITE TIGER
0.01% - WOLF
0.005% - RHINOCEROS
0.0025% - BARN OWL
0.001% - ANACONDA
0.0005% - MUSKRAT
0.00025% - CHAMELEON
0.0001% - GRASSHOPPER
0.00001% - FUNGUS

>>20659373
i'm getting hope
ty anon

>>20659442
>It is a question of technology - technology that will eventually improve or evolve. What you need to be asking yourself instead is: Does the mechanics of this IDEA work as a better currency? And yes, I think it does.
i think no because people will be nervous about parking it here permanently. rsr seems like the best long term reserve currency to me for now. but that also seems pretty bad because who the fuck is going to be picking the assets.
One based on no assets is certainly worse than one based on weak assets though. (I think)

>>20657759
you have to buy in now. every positive rebase you miss is lost value. even if you have to buy at a higher price. ITS ABOUT MARKETCAP NOT PRICE. this thing could be worth trillions and have a price of $1. doesnt anybody get the tokenomics???

>>20659511
I know it takes some computing power, but try to really weigh the implications of an elastic supply, when the market cap is so high that the dollar price doesen't fluctuate very much. Once that really clicks for you, Ampleforth becomes VERY compelling.

If you need a light, superficial red-pill - watch this: https://www.youtube.com/watch?v=9-uo-KfnkhI

>>20659618

>>20658285
>BARN OWL

>>20659618
>I know it takes some computing power, but try to really weigh the implications of an elastic supply, when the market cap is so high that the dollar price doesen't fluctuate very much.
ive thought of this it just seems farfetched for something backed by nothing
im pretty old now so maybe this is just bygone era thinking but in my day countries would behead people for refusing to use their shitcoin

>>20659046
right now. the price doesnt matter. in 1 week you will be broke even minimum. every rebase you miss is 10-20% less mc you own for your dollar

>>20659283
Just to clarify, Kucoin and FTX wallets don't get added to the etherscan list, but still we're incredibly early in scope of this project.

>>20659618
Oh. My. God. Literal chills.

>>20659444
Some are, this is reaching a larger audience every day. 2000 wallets on etherscan in less than 2 days which is the most growth yet and its not stopping.

Do I need to stake in a pool to take part in the rebasing or will my tokens multiply in my wallet?

even the logo is a pyramid

>>20659871
Automatically in your wallet.
>>20659948
Haha, yup. Ponzi scheme musical chairs. Thanks for hinting at the obvious and saving us from losing thousands. A bunch of retards over at Ampleforth.org/about and their advisory board actually thought they could get past YOUR brilliant skills of deduction.

>>20659560
What time is the next rebase?

>>20660073
10PM EST

Ampleforth has the investment backing of some of the biggest names in the industry, including True Ventures, Pantera Capital, Huobi Capital, and even Brian Armstrong, the CEO of Coinbase himself.

ok im getting retard FOMO, give it to me straight amplechads, if i buy 1k worth at $2.32 am i going to make enough through rebases in a week that i can sell back for my initial and hold the rest for free money

>>20660158
Then why isn't it listed on coinbase

>>20660197
can't tell if bait

>>20660158
>backed by the biggest names blablabla
we hear this shit all the time. Yeah they all invest in shittons of shitcoins and dump on you, nothing new

>>20659462
sorry dumbass here, how do I calculate this from my stack?

>>20660193
at 2.32 it will probably be less than a week

>>20659353
While it’s currently deployed as an ERC-20 standard token, it can exist simultaneously on many platforms.

How this is being overlooked is beyond me

>>20660284

($stack divided by marketcap) times 100 = your percentage share of cap

>>20660442
>>20660284
e.g.

($3000 / $300,000,000) x 100 = 0.001% of market share

>>20652938
>He cares about price per coin
Based retard, bullish af

>>20660158
>biggest names in the industry, including True Ventures, Pantera Capital, Huobi Capital, and even Brian Armstrong, the CEO of Coinbase himself.
>>20660230
yea exactly this. guess how you become a big name in the current world economic system? dumping on people.

>>20660413
>While it’s currently deployed as an ERC-20 standard token, it can exist simultaneously on many platforms.
how does this work i honestly dont understand?
what would be the process of getting an ethereum token off ethereum without paying massive fees?

>>20660442
Damn I'm so rich! I own 0.0000006830093507406434%!

>>20660476
$stack is that your stack size * $1, and not current price?

>>20660683
Current price. Otherwise you'd need to divide by the total number of tokens in circulation.

>>20659462
0.0015 anaconda chad here, am I unironically gonna make it?

Coinbase does not support AMPL. EUfag. What do.

>>20660793
Send ETH to Metamask, buy AMPL on Uniswap.

>>20660793
Kucoin

>>20660197
Give it time. When AMPL's marketcap exceeds BTC every exchange is going to be wanting that AMPL D.

>>20658085
nice

When BTC is worth 100,000 where will the liquidity be to sell it?

Ampl.

>>20661149
Good point

>>20659766
It is backed by the core fundamentals of the idea. It's all everyone really needs to agree upon - that this kind of currency will benefit everyone.

This is a completely new way of thinking - It might seem absurd, but it as I said, this is money/economy 2.0.

>>20650494
Meanwhile real Chads are buying Dether,which released their protocol yesterday at a Marketcap of 1 Million.

Chads dont need to think much about Rebase n stuff. Just buy low, sell high.

Be a Chad.

>>20658285

is 19k AMPL = 0.01% of market cap?

>>20661695
0.001% I think.

>>20661711
o ok dam

amplebois get too cocky and all threads go dead silent simultaneously

>>20662970
>natural market growth
>"haha they're seething"

>>20662970
huh? what do you mean? We can't shit post and shill 24/7 we need to take a break. Dinner time, then rebase.

>>20651103
Do you just keep it in uni and more gets added there or do you have to do anything?

>>20663248
you never have to do anything unless you keep it on a shit tier exchange, then they steal your rebase

you are also never keeping anything "in uni" it's most likely in your metamask and that is fine

>>20663282
You right, I use Uniswap through trust and it just feels like the same thing

whats an easy way to tell how much of mcap you're buying?

>>20663446
Math

>>20661559
I bought in with 2 eth, what am I in for?

>>20663483
amplefooooorceeeeee

>>20663446
(your amount of AMPL)/current circulating * 100

is 0.00021 enough to make it bros? It doesnt feel like it.

Is someone who buys AMPL right now at $2.28 2 hours before rebase smart or stupid?

>>20664076
smart

>>20664076
If you think we'll get 8 days of positive rebases then it doesnt matter

>>20664076
The price after the rebase would need to dump heavily to make it worth buying it afterwards. You can calculate how much it'd need to drop to be more efficient buying afterwards and then judge for yourself. I'd suggest buying now tho

>>20664076
Every time i tried to buy a rebase dump i ended up fomoing in higher.

>>20660442
damn.. grasshopper here

WE DID IT BOYS

wtf it's still going up?

>>20664967
FOMO it will most likely dump due too whales

>>20659353
>eth is a shitcoin
>I dont make transaction in said shitcoin coz muh transaction fees
just stay poor forever

>>20665063
Whales won't dump unless it gets close to $3. Expect a lot of buys post rebase. Expect another moon tomorrow with a few dumps. If it bulls expect massive dumps if it gets to $3.

Who of you made this?
>Who of you made this?
Who of you made this?
>Who of you made this?
Who of you made this?
>Who of you made this?

Its the best meme I have seen in a long time. I still giggle after 3 weeks now.
Once I made it I will frame it in my manson.

Anon you are an Artist!

>>20664691
Already up 15m since that screenshot lol

>>20664691
>>20665170
how come goyimgecko is so far ahead of coinmarketcap

>>20665207
because cuckmarketcap is owned by chinks now

>>20650494
>AMPL
it already went x10... why shouldda buy?
you wanna dumpp and you seek for liquidity

>>20665596
Bitcoin is already $100 and there’s no way the marketcap will grow, come on, find another idiot!

Some people want to stay poor because others are going to get rich. Really weird.

>>20665596
Yeah please give me your liquidity you stupid piece of shit.

>>20665596

lmao pajeet

>pleasse selling sirs
>my village ;_;

this is why you a) will always be poor, b) will never escape your shithole country and c) smell like shit

>>20654260
You can’t have a medium of exchange that is always changing in price. That’s why ampl needs to get big and then it will achieve stability AND store value. It’s literally explained on the website very clearly. Lazy people like you deserve to be poor.

>>20667228
I don't see how people can't understand. It's actually fairly simple.

>>20654260

10/10, feels good that we have our own copypastas

>Still less than 12.5k address
good lord, friends

>>20667305
This means there are some really big whales.

>>20659462
fungus here, still happy on small gains im just a poorfag

>>20650494
>95-115

Wow, it’s up since the rebase

>>20668355
Its the singularity. People are selling off their entire alt coin portfolios to buy in because they're not stupid.

>>20668379
I am like 60-70% in ampl at this point and it has taking every ounce of resistance for me not to all in even tho I’m in good profit lol .... but if another significant dip comes... oh boy idk

>put 50% of my worth in ampl a week or so ago
>it's now 80%

tfw waited till after rebase to buy, had the chance to buy at 2.28 pre rebase
ended up buying at 2.28 post rebase

oh well at least im on the ride now. 900 AMPLs reporting in niggers

do i just hold AMPL in my wallet or should i provide liquidity on uniswap/geyser? which one is better ROI

>>20669106
god damn i wanna swing all in on this fucking thing

>>20669314
a whole lot of people are jumping in why not provide liquidity

>>20669393
i dont want to get buttfucked by impermanent loss

>>20669416
thats the risk yeah but the uni pool is ATH dyor goodluck

>>20669368
I swing every crash i double my stack. Only happens once a week. Pretty easily you have to give up the rebase on the way down.

>>20669416
the beehive incentives make up for impermanent loss

need some advice anons. should i sell my bnt and ren to get more amples? i can get to 20k if sell it all. is this a dumb move

>>20669106
>tfw waited till after rebase to buy, had the chance to buy at 2.28 pre rebase
>ended up buying at 2.28 post rebase

based retard

>>20669636

Well, if you had 20k AMPLs you would've made about $5k today

>>20669636
Why didn't you buy the dip? You're playing with fire when you chase pumps. I am a hodler though. It's been a wild ride.

Providing liquidity gets you some rebase as well, which significantly lowers impermanent loss. Don't you get it? Wtf other asset in liquidity is guaranteed to get some tokens added individually to each provider? That then has to split into weth/ampl .... which makes your liquidity more profitable than any other liquidity pool setup

So when do rebases typically occur?

10pm EST

>>20659462
between anaconda and barn owl. Will I make it? I just want to live in the country on a lake and relax with my gf.

I've watched at rebase ampl tokens getting added into my liquidity pool percentage. And that's no loss at all.
That's OUTSIDE MONEY coming into the % of the pool you own, not uniswap protocol like ampl was a wrapped token in the pool and geyser lol y'all keep thinking ampl is just another shittoken

does the rebase not use any gas?
does ample pay somehow to adjust the ampl in each wallet simultaneously?

>>20670238
No transaction. No need to refresh. They just appear.

>>20670263
yeah i'm wondering how they do it though
wouldn't changing values in the wallets require gas somehow? or is it done through the smart contract? (but this would still require gas, wouldn't it?)

the beehive tooltip on 293.41% APY is already counting in a 60 day 3x reward multiplier, correct? It won't go up to something nutsy like 900%?

>>20670317
No it doesn't require gas, your numeric value changes automatically. No transactions for rebase at all. It's giving you a saleable balance increase that you can profit from.

Am i a dumbass if i fomo into this with no DYOR?

>>20670430
No, that’s what I did a few weeks ago and am now up to 60k

>>20670238
It does, but it's only one contract for the whole ecosystem. Anyone can do it once 24 hours is up, there's a button in the dashboard for it.

>>20670559
This is correct. Somebody pays the gas to update the whole ecosystem. If you’re on ampleforth.org at the time of the rebase you might see an option to connect your wallet. If you do connect and pay the gas fee you’re the one that updates everyone’s wallets. Very elegant solution and it shows the power of digital assets

>>20670401
so the number of ampl associated with your address changes in the ledger without incurring a gas cost? why would miners perform this state change for free? are the miners acrually jannies?

>>20650494
Hey guys just joined the Ampleforce is there a meme repository somewhere?

>>20656150
wrong. it literally makes no difference. as the anon says, bitcoin going from 8000 to 7000 is the exact same as your number of 1 dollar amples going from 8000 to 7000.

it doesn't make transacting any easier. there is no difficulty in transacting with ethereum, and that's exactly what ampleforth is, an erc token.

Only got 140 AMPL. See you guys in 30 days?

>>20670439
How much did you buy initially?

>>20670807
It makes borrowing and lending easier. Your collateral isn't randomly swinging around. At least that's the idea it's still volatile as fuck.

>>20670798
Check their TG its full of great ones

>>20670966
Why does it matter that your collateral is swinging around in USD when you're lending on chain?

Why didn't I get rebase this morning?

I bought yesterday like 8 hours before rebase and nothing was added to my wallet?

>>20671350
you have to account for volatility through higher collateralization
you have to account for the risk of volatility due to failure or attack on the pegging mechanism (if you use a stablecoin as collateral) or volatiliry due to unfavorable market events related to the function of your collateral (eg. link fud hitpieces, smart contract failure like the dao)
ampl minimizes these risks by having a hard to attack peg, a simple contract, and incentives designed specifically to decrease volatility in the long term.

>>20667228
This is the exact same argument people made (make) about Bitcoin and literally every other BTC-wannabe. AMPL doesn't solve the problem, it just changes it: while an economy running on BTC and USD will run into the issue where BTC's price changes drastically minute to minute, an economy running on AMPL and USD would run into the issue where people's balances would change day to day. Want to buy a car that costs 10,000 AMPL? Too bad, debased, you only have 9,000 AMPL now. Same thing that would apply to BTC: you have 1 BTC worth $10k today, tomorrow it's worth $9k. Tough titties.

It's just reframing the conflict of fiat, crypto, and real world transactions, not actually solving it.

This project doesn't bring anything inventive to the table (its whitepaper is hilariously simple and its "tech" would be trivial to replicate). It doesn't solve any problems. It's basically 0xBTC with silicon valley support. Over-hyped shite. But, the party is still going, so I fully recommend staying in until this ponzi bubble pops.

>>20670957
My initial buy was only around $500 but once I realized the potential I dropped around 7-8k total.

>>20670859
Yeah anon but you can join the party now no one cares we know we are all literally gonna make it

>>20671458
Ngmi

Once this gets to a market cap of billions it will take an insane amount of price action to change the price from it's base level.

But yeah keep doomsaying about negative rebases you fucking retard.

>>20671440
My bad it's here now maybe the browser cache didn't refresh...


Anyway, how long do you boys think this could go on?

>>20671458
btc and fiat privilege the people closest to the new liquidity, miners and central banks respectively. ampl attempts to remove that exploitable inefficiency, that's hardly shit.

>>20653299
Delete this

>>20671516
>Once

Kek.

All it would take is another off-year for crypto for demand to dry up and send price and supply into freefall. This is not a sustainable project. Again, enjoy it while it lasts moonboi.

>>20671458
Ah this guy gets it. The devs created something that moves with less correlation to BTC and stonks market. But they didn't define what that thing was to be used for

Were the ones that decided it's use case to be a giant ponzi. Kinda funny that were preaching Nobel prize and bunch of stupid shit when really we are using it as a ponzi to get rich. Hint: most people will have to lose their shirts

so you just hold ampl in your wallet and you get free ampl gibs?

>>20669865
Doh, I've only got 50,000 MWHAHAHA!

>>20671550
AMPL is pegged to fiat, mate. It's inherently tied to fiat. There is no AMPL without USD. It's just a stablecoin alternative, not a realistic contender for new world currency (currently only good contender is BTC, for better or worse).

>>20671631
It's pegged to the value of 2019 USD, the dollar doesn't need to keep existing for that to work

>>20671573
yeah we turned it into a ponzi because the average coin trader can't do basic fourth grader math

earth is doomed as usual

>>20671631
it's pegged to the purchasing power of a dollar, not to the distribution mechanism of the dollar

>>20671707
By nature of being pegged to the dollar, it's pegged to all parts of it, distribution included.

>>20671661
Take it to the extreme: USD collapses tomorrow. Does AMPL still work?

>>20671707

this. and you can't even really call it a peg. if it were pegged the current price would be impossible. devs have said it many times... this is not a stablecoin, but theoretically it should behave similarly to one (at sufficient market cap scale). it's purchasing power remains at 2019 USD regardless of whatever hyperinflation might be lurking around the corner. This is why everyone is talking about it being decorrelated, and why that is such a big deal (since everything else dumps whenever BTC takes a shit)

i also just hope the geyser/beehive or uniswap don't get roflhacked like those deflationary shitcoins due to some unforeseen bug with the rebase mechanic

>>20654842
>And because of supply and demand there's no way people won't buy up the dip,

Do you realize how stupid you sound? Explain to me why people would eagerly buy a 50% dip back to par just because supply got slashed 10%?

>>20671753

regarding your theoretical, that's a black swan event where it's hard to predict how the ENTIRE crypto market would even react, let alone just AMPL.

I think with a 3+ billion dollar market cap, AMPL wouldn't miss a beat most likely. Would I pull my AMPL out to but into something deflationary like BTC? Maybe I'd hedge a bit.

>>20671753
ah yes, the commutative property of assets with a specified purchasing power, I missed those lectures at the indoor ranching economic institute. you almost had me going anon

>>20671799
It was rhetorical. No stablecoin would survive it. There would no longer be any value in a coin that keeps its "price" fixed because the term "price" would lose meaning. It's hard to envision, but in a true crypto future, the dominant asset needs to stand independent from fiat, which stablecoins inherently cannot do.

>>20671771

really depends on market supplement. why did people continue to buy after this dumped from $4 down to $1.36 over the course of like 2 days.

I think the fear is that a negative rebase will kickstart a selloff feedback loop, where nobody wants to lose any AMPL. I think you'd have to be dumb not to want to scoop up as much cheap AMPL as possible, but it also depends on what preceded the dip... the geyser is meant to prevent just such a thing, and while liquidity continues to grow it looks unlikely.

>>20671838
>I think you'd have to be dumb not to want to scoop up as much cheap AMPL as possible

>I think you'd have to be dumb not to want to scoop up as much cheap BTC as possible

>I think you'd have to be dumb not to want to scoop up as much cheap TSLA as possible

>I think you'd have to be dumb not to want to scoop up as much cheap EOS as possible

>I think you'd have to be dumb not to want to scoop up as much cheap LINK as possible

This is how you sound.

>>20671828

luckily AMPL is not a stablecoin

>>20671858
Yes it is.

>>20671862

would it be helpful for me to link you to a video with the devs explicitly stating that IT IS NOT A STABLECOIN, or does this fact hold no bearing on your random internet opinion

>>20655235
That is a shit ton of 'probablies'. Even still as market cap increases and price heads towards 1.009 AMPL becomes incredibly appealing stable coin because of its high bounce back ability when under $1.00 and fees associated with ability top stake it when not using it. This thing will eventually annihilate ALL stable coins.

>>20671862
It is not. Stablecoins aren’t programmed with an element of volatility in mind.

>>20671877
Walks like a duck, talks like a duck. It's goal is to keep the price as close to USD as possible. I know you and half the crypto community is high off hopium, but just step back and think critically for 10 seconds.

>>20671904
That doesn't preclude it from being a stablecoin.

>>20655399
Bro, who the fuck is 'most likely'??? Why the fuck would they sell some shit that gains compound interest almost DAILY? It is 'Most likely' that you are a dumbfuck without common sense.

>>20655613
Nigga, you already ate your words. The shit already went past that bullshit all time high when you wrote it.

>>20671932
Conceptually, it doesn’t fit the bill. I’ll give you, that it will eventually resemble a stablecoin - in that it will be a good store of value, but the truth is, that we are dealing with an entirely new type of primitive here.

>>20671915

give me something to think critically about, and I'm open to it. Is your argument that AMPL's stable value being equal to one 2019 USD makes it correlated to fiat? I think you're mistaking value and correlation. A fiat peg (aka a stablecoin) is vulnerable to what you're talking about. A valuation is arbitrary (they could've chose the AMPL target price to stabilize at any value, 0.0005 BTC for example, whatever they wanted). One 2019 USD was simplest I'd assume.

>>20650494
This fucktards are dumb as fuck. One of the main advisors of AMPL is the CEO of Coinbase. You are stupid as fuck if you think he is going to associate himself with some shit that might be a scam if he JUST GOT A FUCKING BANKING LICENSE. Use your brains dumb fucks or the train will run you the fuck over.

>>20671904
There is this thing called Frequency. Learn what it is. AMPL becomes a bad motherfucker when the price chaotic as fuck between 99.6 and 1.01. With 10x market cap even Hercules could not move the fucking thing out of that range. AMPL will end up THE stable coin of crypto especially after NYAG gets done doing a Mike Tyson on Tether and Shitfinex

>>20671958

this guy gets it. and the fact that it is an entirely new type of primitive is EXACTLY why people should be hyped as fuck on it. We've seen what happens when disruptive financial technology comes out of nowhere (BTC anyone?). People aren't talking about this flipping Tether cause they're moonboi's riding hype. This tech literally has never existed before, and it does something HUGE. When they say they're aiming to be the federal reserve of crypto it's not hyperbole. We've never seen a token that does what this does before, but if you don't understand what it does, it just looks a gimmick or any other shitcoin.

>>20656495
This anon gets it.

Also, until the market cap expands enough, AMPL will not go below 1.40$, even in the beariest of BTC crashes.

The new standard of stablecoin is here, and as many other brainy anons mentioned, it will eat tether and the other stablecoins alive!

I have 3000 AMPL. Will I make it?

>>20650494
Statera is the new DeFi king. Bend the knee.

>>20650494
I love this ampie shit