/biz/ - Business & Finance

>>21755200
but it's already "100's of millions of MC" diluted???
LMAO

>>21755256

You don't have to worry about any additional supply until the beginning of next year, all vested bzrx is locked until then, and BZRX will have already done a 10x by then.

Next.

>>21755338
That's pretty re-assuring actually
I have 20k

>>21755367
Have you been in BZRX for long?
I was an early 2020 holder of LEND, PNK, and HEX, the same signs are there for BZRX.

The characteristic is basically a slowly appreciating asset which has a product behind it, which has a tendency to shake out weak hands via predictable low liquidity swings. BZRX even has the hate-ability of Hex because of that exploit they suffered.

Holding BZRX now feels like you're going nowhere, but in reality you're just experiencing an accumulation trend before it starts going parabolic, as evidenced by the constant stream of higher lows.

Liquidity mining is going to send this through the roof, as yield farmers don't care about public image of a product.
Checkout this from today, the guy went on to pool his BZRX in mooniswap and they only just announced that:

https://etherscan.io/tx/0xe8dde01005a09d22a373d7637958875c153e5e8384f0d5baf91fb27778ecfab7

https://etherscan.io/tx/0xb1be3bbb384d91f28e7d7212f48cd206c4c965336234ef5a1c90447318ff917a

>>21755585
>I was an early 2020 holder
this is the sign of a veteran now
where did all the time go
early 2020 was 3 years ago

This is my biggest bag. Have any of you guys put any in Ampleforth's new geyser?

>>21755651

People talk a lot about if we're in a bull now, but those who've been here since 2016-17 know that the turning point was the start of this year (though to be honest we didn't know it at the time)

>>21755773
I have not, but worth looking in to. BZRX being under the radar means a lot of these yield farming setups are going to give outsized rewards to bzrx, but probably not for long.

>>21755773
AFAIK, Mooniswap is moreso about preventing front running via slippage, but I'm going to do a bit of research on it now and see what the story with it is.

>>21756580
>but those who've been here since 2016-17 know that the turning point was the start of this year (though to be honest we didn't know it at the time)
and so, pride has consumed him

>>21756666
checked.

please let me know what you discover. im keen to know more about this.

>>21756689
I wouldn't say pride, I'm scared as fuck at the moment that we're having a massive correction where Eth may go sub 200$ again as the DEFI boom is probably just intra market capital movement rather than outside capital coming in.

But early 2020 was the time get in on defi, so it historically will be a point where people look back to and say "if only I bought X here".

>>21756781
My suspicions were correct, Mooniswaps AMM prevents violent swings in price over a short period of time.

If you want to pool your BZRX with Ampl, go for it, but if BZRX takes off in price you might get cucked with impermanent loss just like with Uniswap pools.

>>21756836
I see
maybe you're right

to me, it's still too good to be true, my portfolio beat the market, hard, it doesn't matter how long I spent here, I'm not a trading savant, lady luck is gonna call it a night sooner or later
best be polite

>>21756883
Thanks for your help. It's no fun being mathematically challenged. At this point it probably makes sense to just wait for bzrx to go live and stake there?

>>21757014
That's what I'm going to do. AAVE and SNX are the other two big guys when it comes to staking rewards, but AAVE has yet to release that feature, and SNX makes you lock rewards for 12 months.

BZRX may have been paused for a few months, but they might make it to market first in this regard.

>>21756987
The only thing keeping me going is that I feel my fear may be unjustified. For example, I'm basing my feel on when the bubble should be over based on my returns. In actual fact though, Since we were here from day 1 of this cycle, we feel right now how 2016 BTC buyers felt mid way though 2017, and things didn't even really get crazy until the end of 2017 for them.

Have you seen google trends for various terms? It's worth keeping an eye on, and maybe you'll see we MIGHT be entering the last phase of this run up where the insane money is made:

https://trends.google.com/trends/explore?date=today%205-y&q=ethereum,ico,chainlink,decentralised%20finance

>>21755200
>that it will pull an aave style run up
Please I need this

>>21757210
btw, it's hard to get a feel on defi mainstream penetration, as 'defi' obviously means something else as well as it's seems to have an ongoing baseline level of interest

>>21757236
You and me both, this _might_ be my make-it coin if they don't fuck it up.

I also talk to a lot of big brained folks who are very bullish on it, and as a counter signal I notice most people are apathetic to it. Those are two very good signs IMO, as it means we're unlikely to see a sell the news even as the current holders are in it for the long term, and there has not been an exponential runup in anticipation of the launch yet. We're far more likely to see whales organically buying it to yield farm.

>>21757210
We are nowhere near the peak. Bitcoin didn't even breach ATH. Total marketcap still < 400B. Early as fuck.

>>21757368

Another proof of that strong hands hypothesis is that the BZRX trend gave zero-fucks about the Eth selloff yesterday, proof of strong hands basically right on the chart.

>>21757400
I hope so man. Having seen two failed rallies over the last two years, I can honestly say this time is different.

The last two rallies the only narrative was "going back to ATH!", whereas this time everyone has given up the fumes of 2017 and we actually have 2 legit narratives this time around:

1. Defi validating Eths entire value prop
2. Global economic uncertainty giving BTC it's store of value narrative again
3. Halvening occurs right before a massive period of QE.

>>21757368
Should I sell ARPA to all in on bzrx? Only two coins I hold

>>21757596
I don't know much about ARPA, so can't really comment. It also depends on how much "all in" would amount to. If you have 100k+, then I'd diversify in to some other projects as well.

10.2k stack here, will I make it?

>>21757924
A 5x is possible at the lower end with this one IMO, so perhaps not make it but you'll do well sir

>>21757470
you’ve summarized it well

>>21755200
Staking when?

>>21758524
Before EOM if the teams promises are to be believed.

>>21759586
This eom will be crazy

>>21758524
by the end of this month, getting close

>>21759586
Do you really think it can pull an AAVE? That shit did more than 10x

>>21759729

Yes. But, there's a risk in that BZRX is kind of like an all in one whereas SNX and LEND are specialists.

There's room for an all-in-one solution which has good UX, so there's a good chance for it.

Also, staking rewards for backing a protocol are defi's masternode equivalent. Protocols which get multi million volume and have fee sharing will naturally form a price floor. With how much BZRX I have at the moment, I'm looking at full time employment figures.

If those rewards are achieved, then the token price will have to form a floor which is way above most peoples price range. We're not there yet though.

>>21759729
>>21760494

Also, you say that a 10x is unthinkable, but remember this:

When I was watching LEND do that 10x, I was posting threads which got near 0 engagement.

The 10x which I'm expecting for BZRX will probably happen the same way. It's already on a near unstoppable uptrend, and yet there's zero hype around it. It was the same with LEND, it will never be in the top gainers list until near the end, but for weeks it probably won't be in the top losers.