/biz/ - Business & Finance

>>21024433
got 6K
going to sell 1K at $6 to take out initial
selling another 1K at $10
and letting rest ride

>>21024433
I’ve got 1200. I lost money on their ICO three years ago lmao if we’re bullin now maybe we really are starting another bull run.

B I L U
I
L
U

>>21024433
Checked and comfy

>>21024433
CHECKED AND COMFY NIGGAAAASSSSS

>>21024517
I had a more conservative cashout plan, thought I would cash 80% till $10 and let the rest ride, am I wrong on this?

>>21024433
I have 80k. Who wants the privilege of licking the soles of my shoes?

>>21024842
congratz I'm envious

>>21024433
>$2.23
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>>21024842

100k here, suck my 10 inch cock

>>21025015
>$2.27

>>21025286
>$2.29

>>21024433
im waiting for bitcoin to 13.4k so i can buy in at 12k satoshi

>>21025159
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>21025353
ITS MELTING UP!

>>21025015
>$2.30
$2.50 TONIGHT

GOOD YAHWEH WHAT WAS THAT!?

WE'RE HAVING FALAFEL TONIGHT GENTS

>>21027046
We're all gonna make it brahs

>>21027128
>>21027106
kek

RELEASE MORE POOLS AND REMOVE THE CAPS I AM TIRED OF FUCKING WAITING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>21027945
>he doesn't own 2% of the first V2 pool
Sorry anon, some of us aren't slow retards. Suck my 366% APR cock

>>21024809
Everyone's risk appetites and profit targets are different. Run the scenarios in Excel and do what you are comfortable with.

>>21024433
no one ever explained to me how to earn interest on link using bancor. please respond

>>21028600
Right now, you can't. The caps are in place and filled up quickly after v2 launched. Once they remove the caps, then you can go to bancor.network and pool either BNT or LINK (or both) in the pool. If you are a burger, they block US IP addresses. So you can either try a VPN or another pool like xnation.io once they upgrade to V2.

Am i crazy in thinking a 10 billion market cap in the next 18 months is completely reasonable?

>>21029763
You're not. This moonmission has literally everything. Multiple technological breakthroughs, almost fully circulating supply, isane tokenomics and a perfect overal market condition.

Yeehaa

>>21029763
It's not crazy if they can attract institutional money to provide liquidity for a return. Negative rates are pushing capital into riskier and riskier assets seeking a return. Suddenly crypto liquidity pooling looks a lot more attractive with no impermanent loss.

We keep looking at other defi projects to compare, but this market is so young that it's hard to accurately do that. COMP went to 1 billion. This is better than COMP. If defi as a whole continues to grow as it matures, 10 billion isn't crazy at all.

2.33 NEW LOCAL HIGH

>>21029851
>>21029763
cant be true. then i'd be a millionaire and that wasn't supposed to happen

are we the chosen ones?

fudder here, just went all in bancor. i just ate the big sell wall for you guys. this is going to $10

>>21030083
kek

>>21024433
LEV is a better bet. Much lower mcap but will do everything bancor does, plus decentralized leveraged futures

bankor isa chad coin

>>21030275
Poo in the loo

i couldnt suppress the price any longer.. kek. it's going to $10

>>21030069
thanks fren. moon time

>>21030369
ofcourse, right after i sold some for xsn. i knew i'd regret not staying all in

>>21030482
Lost some of my stack chasing a shit coin. So disappointed in myself.

bancor is a legit 100x. plus you will get alot of passive income from trading fees

>>21024433
>buying literally jewcoin
heh

Can I only buy this if I'm in the US? Euro anon here (and yes I'm quite new)

bancor really have uniswap worried. uniswap are scrambling to hire people to make a 3rd version of their protocol probably to copy bancor but they will be too late bancor will steal all the market share

>>21030749
get it on binance bro, great time as well cause its about to pop off

>>21030716
but this time we get to be the jew with them. I'm ready to yield farm the goy

>>21030775
Uniswap offers it, too.

>>21030781

>>21030772

Lol did you see them bitching on twitter since Bancor usrd their UI as its the nost simplr/ recognisable. Then Nate btfo them as uniswap wouldnt exist without Bancors AMM kek.

>>21030868
Yeah, Uniswap is focused on aesthetics while Bancor focuses on the technical details.

Based Bancor devs will complete destroy Uniswap and their slippage.

>>21024433
Fuck I wish I got in on BNT and not Link

>>21024433
3$ EOW

>>21030920
I think we'll have to break $2.40 first

>>21029403
HEY BURGERS YOU LIKE MONEY?? FUCK YOU. NO MONEY FOR YOU

everywhere i go.

comfiest hold of all. $1b market cap in 2 months

>>21031081
It's because we have shit tax policy. You can still pool, I think another burgeranon was able to pool using a VPN. Otherwise, sadly, gotta wait for xnation to get their shit together and update for v2. Just try with a VPN once the caps get removed.

Still below ICO. Can't believe you guys put money on this coin. If you bought in at 20 cents you are some kind of genius

>>21031114
>$1b market cap in 2 months
What do you base that prediction on?

>>21031081

>2020
>Not using a VPN anyway

Shiggidty diggity doop durp

>>21031246
imagine being this stupid, where all you can do is look at price charts and determine your investments on that alone.
news flash anon, some of the people on biz actually read whitepapers top to bottom, we looked into the formulas behind the Bancor V2 announcement and realized it was the real deal.

not everyone looks at a chart and shits on their keyboard to see whether or not they should buy

>>21030557
the trick is when you want to sell you have to think that thats what the jews want. you need to resist the temptations and often act opposite of what your emotions are

>>21031479
It is pretty impressive if you bought in at $.20

>>21031483
Been here a while and learnt not to swing link early on but I’ve allocated some shekels to play with, but it seems I’ve found gems in Bnt and Akro on top of link. No more shit coin chasing.

so fucking comfy, this will moon to $10 regardless but on top of that we get a coinbase listing

75k here. Suck my dick everyone

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>>21032515
>2.38

>>21032693
WHY IS MY FACE MELTING OFF?!?!?!

what price we selling at lads?

>>21024433
Make it stake?

>>21032726
t. early selling weak handed pump and dumper

>>21031848
What coinbase listing wtf mate the B in the recent coinbase tweet is for Band Protocol not Bancor

to late for BNT but not for DEXT

>>21032693
>$2.40

>>21032726
why sell if you could provide liquidity to earn trading fees?

>>21032515
ALERT ALERT ALERT ALERT ALERT ALERT
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Wtf is going on? There’s no news.

>>21032726
not at all, I'm holding to $5 at minimum, just curious what anons have in mind

>>21032939
brainlet that doesn't know how to and I only have 1k BNT so not sure if that's enough to make anything

>>21032797
https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf

this was in June before V2 release, because V2 is successful a listing is basically guranteed

>>21032981
yeah i can't think of a single reason BNT would be going up right now
kill yourself

thank you my blessed friends who shilled me bnt over the past few weeks

>>21032726
How can you earn yields if you sell?

>>21032994
go to swap.bancor.network, click pool, click join a pool, pick a pool, approve transactions, donezo. even a self-proclaimed brainlet can do this. right now there's a liquidity cap on the only available v2 pool though, so you can't stake your BNT at this moment. Bancor will probably announce when new pools are added and liquidity caps are lifted. godspeed, anon.

>>21032744
10000 BNT
>>21032726
$100

>>21032981
>being this fucking retarded
its all so tiresome ready stupid shit on biz

>>21033063
Strangle me by sitting on my face, anon

>>21033171
Can't pool yet if you're a burger. They're working on it though.

>>21033253
haha yeah i definitely don't know any burgers who pooled in the first V2 pool without using a VPN and are nervous right now because Bancor effectively completely forgot to restrict burger IPs
i cant think of a single person who did that, especially not me

>>21033253
you're right, forgot to mention that, thanks

>>21033253
>VPN
Pretty sure an anon already reported that this was successful

>>21033209
I got a stack, rode the initial pump and I’m sitting comfy. V2 pools closed with iffy info on when it’ll reopen along with lack of info on other pools. Is it price discovery? Who’s buying? I only use /biz/.

>>21033289
kek good on you anon, are you getting a good APR?

>>21033312
I think some anons were reporting absolutely ridiculously high APRs

did they really get hacked again?

>>21033312
>is it price discovery?
yes
>who's buying?
They won't show their hand but im pretty positive institutional money is now chasing BNT

>>21033312
>Who’s buying?
anybody with half a brain. this shit is ready for a massive explosion and has been for a while

>>21033329
I've made $100 so far in BNT with about $4000 pooled in liquidity since it was released Friday

>>21033335
yeah I heard some shit along the lines of 300% or somewhere in that ballpark, facemelting stuff
>>21033361
no
>>21033379
>im pretty positive institutional money is now chasing BNT
this

Can this get to Kyber mcap?

>>21033487
i don't know the marketcap of kyber, but yes

>>21033487
think higher anon
think much higher

>>21033421
fucking nice man

>>21033171
thanks anon! Trying my luck here but if I do that (which I will)...what happens then? Do I get some BNT back intermittently or what? like I said, brainlet

>>21033379
We are in a real negative interest rate environment. Holding Treasuries guarantees a loss of purchasing power. The only way to escape inflation and seek any kind of return is to put the money into riskier assets. Money that would have been sitting in T-bills are now in Gold. Money that was in low yield fixed income are losing real value. They need to find new ways to make a return. V2 REALLY makes defi attractive to institutions because without impermanent loss, liquidity pooling is now pretty safe. Institutions are warming to crypto in a big way. Hopefully, they make defi mainstream....but won't until they've secured their own positions.

Predicted marketcap bois? I can see it hitting at least snx mcap?

>>21033707
Even if it doesn't, BNT has half the total supply of SNX, so the tokens could each end up more valuable.

>>21024433
suck my dick everyone

>>21033629
i'm not current pooling, but i think it basically works like this: say you're providing liquidity on the BNT side of the BNT-LINK pool. you swap your BNT for BNTLINK tokens (these custom tokens are created for every pool). those BNTLINK tokens basically represent your share of the pool and your right to earn fees. when you wish to withdraw your BNT again, the smart contract assesses to how much BNT you're entitled and gives you an increased amount of BNT.

>>21033629
I believe you get pool tokens that represent your share in the pool. You can trade these back to the smart contract to get your initial back + fees and eventual BNT inflation if you stake BNT.

In the near future they will make it so you can borrow against these pool tokens on Aave as well

>>21033707
Conservative top: $1 billion MC
This bull run and defi going mainstream: oreo

>>21033790
>In the near future they will make it so you can borrow against these pool tokens on Aave as well
defi is getting wild

>>21033866
Reminds me of the tower of Babel, and we all know how that ended.

>>21033916
Pfft, let's not bring Biblical fear-mongering into this.

>>21033866
this shit is about to go crazy
>>21033790
haha based our explanations are practically identical >>21033774

>I dumped BNT after the v2 launch because it was trending down

>>21024433
100$ soon

most of you weak handed fags will have sold by then

>>21033774
>>21033790

based helpful anons, thank you. /biz/ will rise up

>>21033790
>In the near future they will make it so you can borrow against these pool tokens on Aave as well

my dick can't get any harder

Let's fucking gooooooo

One thing that really blows my mind is this:

BNT value in the pools has to equal all the value of all the other tokens in order to keep te pools balanced.

Just realize that for a second. This means BNT staking will be extremely incentivized with dynamic fees and inflation, and arbers will have to pull BNT from exchanges to balance the pools. (As I understand it).

>>21033790
>In the near future they will make it so you can borrow against these pool tokens on Aave as well
yo dawg, we heard you like making money so now you can make money while you make money

>>21034077
It pumped leading up to release and retraced to a higher low. Anon you made a mistake.

>>21034162
It will be a slow process to toll all this out. Add pools, lift caps, add DAO vote on inflation, Aave integration. But as always price moves before development.

These crazy Defi combinations already exist with SNX, Balancer, Comp, Curve, etc. What Bancor is doing is much more significant imo.

>>21034138
bruh just imagine it.
1. deposit LINK on aave, earn a comfy 1.2% interest
2. deposit that same LINK on Bancor to provide liquidity, earn trading fees in LINK
3. deposit newly earned LINK on Aave and repeat the process
This shit is going to rip so fucking hard

>$2.42
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>>21034161
Definitely worth mentioning

>>21034304

>>21024433
Give me your COOM BULL!!!! BNT going to $5

>>21034077
>trending
How many lower lows did it set?

The first march up to $2 was like today's rise. It was slow and methodical. We did get a modest pullback, but it slowly marched back up. Unlike FOMO, this feels like very savvy buying. I may be a smooth brain, but this is very different from the giant green candles. And that is WHILE having a trading volume of 60% of current MC. This is a LOT of volume. ...or is this all wash trading. Who's the big brain to explain this to me?

>>21034423
None. It crabbed for a few weeks in the 1.30-1.60 range. Lots of shake out.

>>21034321
Let's imagine a perfect world where multiple token founders want to stake their ICO bags to earn interest and large whales and crypto funds want to use their capital as well. The BNT in the pools will have to EQUAL the staked market cap of all those other tokens combined. That's crazy.

>>21034267
>>21034521
fuck how the fuck am I going to sleep at night now, knowing that BNT is going to change the lives of a bunch of neets on a cambodian underwater basket weaving website.

>>21034521
Are fees earned the incentive for arbitrageurs in order to stabilize price? Is this perhaps why the APR is nuts right now? Because BNT is undervalued?

>>21034521
Stop it anon, I’m going to have a heart attack

>>21034521
holy shit if $1B is locked in random token dev ICO bags then BNT locked has to equal $1B as well actually that's crazy when you think about it.

>>21034672
The APR is from the fees. The fees are high because the volume is high. The volume is high because the slippage is low (20x amplification). This is with a $500k capped pool.

>>21034672
And if so, is this why there are caps? They don't want a meteroic rise in price yet, but would rather have a stable march upwards...like we have now?

>>21034672
watch this if you want to understand it on a basic level https://www.youtube.com/watch?v=ouLLi_nYScc

>>21034648
kek, sleep has been shit these last few days because every time i'm about to go to sleep either LINK or BNT is about to hit a new ATH.

>>21034672
Arbitrage is separate from fee incentive I believe. A more attractive price for the token that needs to be drained from the pool is incentive for arbitrage. Arbitrageur buys from Bancor and sells elsewhere

>>21034752
the caps are in case there turns out to be a smart contract bug, they don't want users to lose funds that the Bancor team will be unable to reimburse. caps will gradually be raised in the first phase of V2 before they are completely lifted

>>21034752
It's new stuff. Even though they have tested it a lot, they want to see how it holds up in the wild. Safety first.

who is the fag who said BNT did not pass the audit? I sold at 1.50. If I catch you, I am going to skin you alive.

AAAAAAAAAAAAAAA ITS DUMPING FUCK I BOUGHT AT $2.40

>>21035318
Wow, anon it was fud, man. If you’d’ve stayed in the threads it would’ve been obvious

>>21035318
always dyor anon.
trust but verify.

>>21035318
dis gud bait

I bought this shit at ICO but sold it in 2017 at a loss. That chart looks juicy af right now. Problem is that I'm on 3 exchanges, but can't find it on bittrex anymore. Where can you buy it?

>>21036510
Pretty sure it's on Binance. You can also pick it up on Uniswap depending on how much you were planning on picking up.

>>21036510
or just go to swap.bancor.network

>>21036510
it's on Bittrex, anon.

>>21036749
na they must have gotten rid of it a while back. Nowhere to be found.
>>21036610
>>21036581
Thank you anons

fudder here. i just sold top. thanks for the free bitcoin

>>21024433
I littertaly have 18 bancor.

nono not 18k, 18.

I bought them when they were 10 USD each.

How fucking retarded Am I?

>>21037687
DCA now to bring down your average and then be in profit very quickly.

>>21037687
Breakeven by year end fren

>>21037921
I'm sorry, but I don't understand DCA.

I think you mean to invest now to profit later?

>>21037994
With the time it took you to type that and fill the captcha you could have googled what DCA meant.

>>21038036
I did, and watched a tutorial about what DCA is.

I got it, thx for the advice!

sold my bnt for snx. bnt is a shitcoin. snx is a real defi project

>>21038252
ok fudder whatever you say cya at $10 in a couple weeks