/biz/ - Business & Finance

>>22342121
WHERE THE FUCK IS THE BOTTOM AAAAAAH

from what they have posted, yield farming is essentially inflationary and no benefit is is had by holding the token. if they force you to stake DMG in order to yield farm then price might recover. otherwise this goose is cooked

>>22342380
They won't mint new DMG, though, right? There will still be a hard cap of 250,000,000 and yield farming will eventually stop.

>>22342393
none of that will prevent farmers from dumping tokens for instant yields

>>22342121
>buying a token with a logo of a retarded bird

>>22342121
>Didn't sell at $1.50 heh

This bird is dead. Funny thing is my twitter has the bird, idc tho. I made like $120k

A fucking mockingbird

>>22342121
I mean, technically we haven't reached ICO prices yet, right?
Idk, this project feels pretty bullish regardless of price action.

>>22342456
give it up, its dead.

>>22342435
lmao what fucking animal is this?

>>22342421
Yeah it's dead for the next year. But afterwards it could become a good investment...

>>22342121
I’ve just lost my life savings because this was my biz-pick. I bought at the top. My first purchase since losing everything in 2018 crash. Goodbye all.

>>22342480
lol it's not dead, it's just a boring coin. Shit's happening in the background, they're posting quite often on their twitter about partnerships and yada yada. Wonder when the hype will come back. Oh well...
>>22342525
Are you selling?

>>22342584
I haven’t sold. It’s just sitting there half in a pool and half in my wallet

>>22342604
Well at least there's the hope it'll pick back up again. Probably in 2021. Did you at least diversify into other stuff?

Lmaoo

Pic related

>>22342121
there will be at least one more pump
exit out at $1
the pump will coincide with October conference and Return app release
and their ramped up marketing into their November coin release
This was planned
This is the way

I remember when this piece of shit was almost top 100, now it’s barely top 300 and only trading 25% higher than its initial listing price. Lmao

>>22342121
it's a shitcoin, we warned you
enjoy your shitty car loan on muh DAO

>>22342121

Jesus I just check the price. I was literally praying I could get in at $1. I didn't buy yet but wow I'm about buy 5K DMG I think.

>>22342765
Well DMM is stable at 6.25%. DMG on the other hand is dying for now. Its so fucking cheap it feels like stealing

>>22343527
>dmg has become the NANO of /biz/
>tfw I've been shilled into buying a >100k bag
RIP

>>22343542
Are you the fag who posted like a 300k portfolio split half between ETH and DMG? Lmao

>>22343542

>>22344009
>10+ year old Amerifat shitboxes
>those prices
Jesus Christ.

To be fair no one bought DMG because of the cars. The team claims they plan to tokenize real estate loans which if they manage to succeed at that the governance token is invaluable and probably 5000 would be a make stack. Real estate is a 280 Trillion dollar market and if they manage to get 1 Trillion AUM (1/3rd of 1% of all real estate) then token is worth like $1100 with ridiculous dividends. You could retire just off of DMG. Are they going to be able to pull that off. Who the fuck knows.

I'll probably buy 5K at these prices and forget about it for a few years

>>22344089
Except it'll be illegal security

>>22344185

This is retarded beyond all belief. Of course the team will follow proper SEC procedure if they are going after the housing market. Just kill your self if you think that will stop them somehow. You can't be serious right?

I hold 10k of this shitcoin and im down like 70%
>team decides to jump in the yeald farming ponzi
>more tokens will be dumped in march
Bags are getting heavy. I need some hopium

>>22344733
you can still get a few hundred linkies out of your stack if you sell now

>>22344744
I hold 14k link, can't believe i actually sold 1k link for this shit

The protip for NOT investing in this was seeing that this "amazing team" had to use Uniswaps front end.

Hmmm

>>22342121
I sold as soon as yield farming was announced. This is going back to 25 cents minimum and won't recover for a while.

>>22344733
>I need some hopium
Yield farming should bootstrap the liquidity needed for DMM to expand its AUM. In the DeFi world governance token price seems to be correlated with AUM/TVL, so ideally this will lead to at least partial price recovery of DMG.

>>22344907
Retarded logic. DMG farmers will simply market dump.

Wait until you see 250,000 DMG released daily in November for a whole year. Tokenomics are some of the worst I’ce ever seen.

Enjoy the losses.

>>22344907
>Yield farming should bootstrap the liquidity needed for DMM to expand its AUM
It also means people are dumping tokens on the market and crashing the price. It's not even on a decent exchange to provide enough liquidity for the dumping.

If there is one lesson you should learn on /biz/ it's that when a lot of people appear at once and they're all suddenly super hyped about a shitcoin you've never heard of before, it's a scam.
Completely inorganic "growth" of hype around this one. Live and learn.

>>22344965
>It also means people are dumping tokens on the market and crashing the price.
Whales are already doing a good enough job of that by themselves. 1m DMG farmed over the course of a month is nothing, whales have dumped that much over the course of hours.

>>22345034
>1m DMG farmed over the course of a month is nothing
It is when there's no buyers to support it. The whales sold for a reason, they aren't coming back for a long time fren.

holy shit went lower than vidt

>>22342765
to any newfags here, when a crypto team starts predicting their own price, i.e. what OTHER PEOPLE will pay for your shitcoin, that means they are full of shit and their coin is a pump and dump scam.

This much fud.. Feels good to finally catch the bottom of a good project.

>>22345437
>the bottom
anon... i

>>22342121
wasn't this the coin that the vast majority of LInk whales were holding? what happened?

>>22345453
>wasn't this the coin that the vast majority of LInk whales were holding
that chart was fake lmao. link marines don't actually hold this LOL

>>22345453
I remember the chart as well. Idk if it was fake, leaning towards it was real. At the time it was 20% of LINK holders also had DMG more than any other asset

>>22345448
I mean relatively obviously not the ATL.

>>22345437
Thats what i thought when i bought at 1.20

>>22345760
I think the upside is worth any fall down 50% for me.

I just think the Current mcap doesn’t really represent the usage of the network in metrics like TVL. I’m still buying right now and i’ll buy more if it keeps dropping but there really is no rush i think.

>haven't checked the price since July 5 or something
>bought at 0.45
I won't lie, this is slightly worrying. Ah, guess I'll just hold and forget this bag for the coming year.

>>22342380
>yield farming is essentially inflationary
but this apply to every yeild farming project. Every yeild farming project is inflationary

>>22345474
>that chart was fake lmao
you con artits..
>>22345646
>)
>I remember the chart as well. Idk if it was fake, leaning towards it was real

>>22344089
Just get 1 trillion in real estate bro with your 1000 2009 Buick Regals then you made it.

>>22342121
>trusting a board dedicated to bump&dump schemes
Your own fault, moron

newfag here, can I see DMG on Ledger Live in any way or do I must use something like MEW or Metamask to send it around?

>>22345231
it says DMM not DMG you fucking spastic

>>22342505
Polak

>>22342505
Don't speak like that of Sergey