[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 231 KB, 1080x1925, Screenshot_20200918_034522.jpg [View same] [iqdb] [saucenao] [google]
22587199 No.22587199 [Reply] [Original]

Explain like you would to a child as to where is all this volume coming from, and who's buying

>> No.22587214

If you know you know.

>> No.22587228

>>22587199
Sushi 8x before its dump. UNI should do similar.

>> No.22587242

>>22587199

Just look on etherscan bro. It's nothing but nonstop 400 or 800 uni sales than the buys are whales buying 11000 at a time multiple times

>> No.22587260

>>22587199
Binance and Coinbase, you retard.

>> No.22587265

>>22587199
What is TETHER?
>exchanges/bucketshops manipulating the price up, as usual

>> No.22587278

>>22587199
whoever it is money isnt an issue it seems

>> No.22587310

>>22587199
>coinbase buys up all uni
>votes uniswap shuts down and integrates into coinbase
>uniswap releases v3 with new LPs

>> No.22587321

>>22587260
this. its not so that they can pump your bags though.

>> No.22587336

coinbase and millionaire liquidity providers are buying

>> No.22587406

>>22587199
People that need the money are selling.
>Imagine if you weren't poor. Would you buy this coin? Think about it.

Rich investors understand the future potential of investing in an exchange token (which historically do well) that will most likely offer fee rewards and governance. Uniswap is arguably going to be the biggest future exchange in the biggest paradigm shifting trend (DeFi) we've ever seen in crypto. Poor people are selling and rich people are buying and due to the transparent nature of blockchain you have the luxury of seeing this all transpire.

>> No.22587427

>>22587199
uniswap is one of the best things that ever happened to crypto and one of the main projects that kickstarted this defi bullrun we had. it's a dex that already achieves more daily trading volume than 95% of all cex's and will undoubtedly keep growing. anyone selling now is making a big mistake

>> No.22587546

>>22587427
so what? this is a governance token anon. what kind of voting do you expect will benefit holders? the protocol fee goes to LPs... you can vote to increase, or decrease that....but what good does that do you? how much do you make providing liquidity? there's a reason exchanges and whales are interested in this...but it's not for us. I doubt very much that it pumps. there's no shortage of selling pressure, nor will there be. it's a non stop flood on the circulating supply.

>> No.22587591

>>22587546
Imagine buying stake in the internet itself in the 70s

>> No.22587610

Coinbase, as an early investor, already owns at least 12% of all uni from the giveaway. They probably own up to 20%. They might even be buying more.
Binance is buying heaps too.
If you think these are good things you are mistaken.

>> No.22587615

>>22587591
kek, imagine being this retarded.

>> No.22587642

>>22587610
biz is legit retarded. Binance and Coinbase aren't buying UNI because they want to pump this coin and make everyone rich, it's to control the vote. he who controls the vote, controls the LPs and can make or break this exchange.

>> No.22587645

>>22587199
Uniswap has real users, and 1/4 of all eth transactions. I think this will hit $60-100 eventually.

>> No.22587655

>>22587546
Governance can vote to implement protocol fees retard. That changes the entire value proposition. Stop thinking like a poorfag.

>> No.22587667

>>22587642
So what? That alone will pump the price

>> No.22587685

>>22587406
>Random dex that allows every scam
>Paradigm change
It's done

>> No.22587690

>>22587214
few understand that those that already know, know.

>> No.22587694

>>22587655
there already are protocol fees. they go to LPs. so you would vote to increase fees, so that they can be distributed to UNI holders too? it's a billion supply token. how many do you have? sit down and do some math anon. crunch some numbers. a 10k stack might bring in a few pennies a day in your wishful scenario. oh wow.

>> No.22587728

>>22587667
that remains to be seen. I don't think it will though, because there's no shortage of sell pressure. in fact, the flood of tokens has only just begun. did you even look at the token distribution?

>> No.22587749
File: 135 KB, 500x280, chuboomba.gif [View same] [iqdb] [saucenao] [google]
22587749

>>22587610
>>22587642
>>22587667
This exchange is eerily similar to what people said about COMP and its sudden rise in price. And while I can't deny the appeal of short term profit since I'm a poorfag, I don't really believe that it would be in the best interest of decentralized finance to end up between the hands of CB/Binance which are fundamentally against the very idea of decentralization. I'm still relatively new in crypto but this is what I think.

>> No.22587782

>>22587199
CZ and other centralised exchanges - they know they can't beat uniswap since it allows unregulated contracts to be added and traded against. The best they can do is keep the price down or...collect the fees from liquidity pools.

>> No.22587840

>>22587749
It's not a bad theory. I've also seen the idea of coinbase allowing this immediately to gain a significant size of voting privilege to suppress it's only real competition at the moment.

>> No.22587861
File: 1.06 MB, 1383x628, 1600393257225.png [View same] [iqdb] [saucenao] [google]
22587861

>>22587685

>> No.22587869

>>22587840
coinbase already own a portion of the company that operates uniswap

>> No.22587874

>>22587782
>unregulated contracts
explain

>> No.22587890

Nobody is buying it. Uniswap has an intentional bug that the developers have hidden that allows its price to be easily manipulated. Coinbase knows about this, in fact, they helped design and hide the bug.

>> No.22587896

>>22587199
buying
>people who think uniswap is big and $3.3 is a low price (not mc)
>people who think they are buying for dividends and expecting volume to magically stay on uniswap on years even though taxless alternatives are certain to exist
>subgroup: people that think that uniswap charges eth fees, and/or that uniswap itself gets the 0.3% fee
>people who think it's going to pump because of previous two groups
Selling
>omg I can buy a ps5!!!1
>people that are happy they can feed a whole village now
>people who think uni has a very weak value proposition and expect dumps from them and previous two groups to overwhelm buyers at current prices

>> No.22587919

>>22587310
this would be the most topkek timeline of all time

>> No.22587921

>>22587214
Based gatekeeper anon.

>> No.22588474

>>22587896
It will pump. There is no question. But it will die off in the long term because decentralised governance doesn't work. Forks will win long-term because they can implement new changes quickly, easy, and without pandering.
All it takes is the fee increase to be passed and uniswap is dead in the water. The loopring fork does everything uniswap does, for the same fee and 0 gas. Why would I use uniswap when the DAO votes to increase the price?

>> No.22588577
File: 32 KB, 535x673, Capture.png [View same] [iqdb] [saucenao] [google]
22588577

>> No.22588631

>>22588474
If loopring does everything Uniswap does for the same fee and 0 gas then why the fuck do people still use uniswap? You guys have some impeccable logic here

>> No.22588655

>>22587685
If you know anything about Bitcoin, you know that it was invented to get AWAY from the banks and AWAY from centralization. Not just go to the new banks (Coinbase, Binance etc). The irony of what happened to crypto is tragic. This project isn't perfect, but it strives to do that a little better.

>> No.22588663

it's just chinks that want to control uniswap

>> No.22588719
File: 85 KB, 600x800, terminator.jpg [View same] [iqdb] [saucenao] [google]
22588719

>>22587199
I am dumping my link for more uni. It's going to flip XRP EOY

>> No.22588727

>>22588577
Whats the best way to see UNI transactions

>> No.22588755 [DELETED] 

>>22588631
Loopring is garbage. Try pulling your tokens out and see how long it takes. They must have learned from the other expert scammers, OMG.

>> No.22588771

>>22587642
You forgot that the team will own a huge chunk.

>> No.22589082

>>22587199
Manipulation for whales. They bring it up and make WAY more on a short. Screencap this for when we hit sub $1 in Q4.

In the mean-time, Suterusu before Polytrade remains the play.

>> No.22589093

>>22588755
HAHAHAHAHA. Loopring is not garbage. I told you fags to buy at 2 cents. It will be $2 next year.

>> No.22589156 [DELETED] 

>>22589093
No, the tech is garbage. It can't aggregate from other exchanges without using Eth gas. It can only draw from its own ecosystem. It's worthless in terms of creating market efficiencies. They are very good at scamming though, so you have to give them credit for that, but if it takes 30 minutes to withdraw your funds, it's garbage. I mean, you can hold it, but to imply it will be 8 times its current market capitalization means you don't understand the underlying tech.