/biz/ - Business & Finance

One of my top holdings

getting more coins but losing my money........

>>23018849
I hold a decent bag but all I know is I'm getting fucked in the ass
so enlighten me please

>>23019207
Patience will reap rewards

>>23019207
Getting close to that reversal, hold on fellow xBTC chad.

>>23019488
checked and based
>>23019574
Iron Hands here, what do you boys see EOY looking like?

Why wouldnt this just stay at 60c if the dominance is 0.6?

Wtf is this? Another buttcoin fork? How many forks can this piece of shit have?

>>23020901
you're an idiot

>>23018849

Ok guys, i'll summarize some real concerns on how this coin works before you go all in.

- This is a Synthetic asset and literally it doesn't have any collateral or real hedge against btc.d
if you think an oracle that rebases daily to a bitcoin dominance percentage is what adds value here go ahead but if not is just a gamblers mechanism.

- Forget rebases, forget dominance, forget altcoins, the only way this coin can make you profits is from demand and by increasing the market cap so if more people buy it and trust them as a valuable asset you make profits.

Not saying it doesn't have value or you can't profit. But a derivative asset to hedge btc without collateralization sounds like a fucking time bomb to me.

>>23021050
jokes on you, i'm only pretending

>no women or trannies on team
>only 1 shitskin
>bets against bitco*n
>long term planning
friendship ended with statera, now friends with xBTC
will buy tomorrow, dont moon this yet you fuckers

>>23021111
witnessed and based

>>23021057
is that true or just fud?
you mean the ties to dominance are weak or what?
>Forget rebases, forget dominance, forget altcoins, the only way this coin can make you profits is from demand and by increasing the market cap so if more people buy it and trust them as a valuable asset you make profits.
that would be the case on a useless $SCAMCOIN but here there is a promise for being an actual hedge to something meaningful.
I gotta read some more. Pls no lie me pls

>>23021111
>>23021154
holy fuck, FUD ignored
a clearer sign from kek is impossible
the buy is now 3 times higher!

Bumping for the new believers

>>23021160

not fud.

I'm holding a bag with the disclaimer that this is a very risky experiment. Rebasing is just an illusion and when people don't sell they are creating artificial wealth.

The rebase indicator is arbitrary doesn't mean shit to me, but the mechanism to fetch the oracle and make a hedge has real value.

No direct collateralization to bitcoin is what worries me, maybe if they add wBTC vaults and xBTC / wBTC liquidity pairs they can find a hedge, but for now is just a rebasing ponzi to be honest.

>>23018849
Question:
Why is my token count going up when I only had 100 earlier, now I've got 100.62?

>>23021295
Rebase was small tonight, seems about right

>>23021310
I honestly have NO idea what all these terms mean.
I just bough 100 of them because I've seen it shilled on here a couple of time, and I've never really gambled on defi shit before.

>>23021266
Fine. I will tell you.

Look up the holdings of grayscale. Now divide that by half. Put that into xBTC. wBTC exists now. Now note pairs in pools and funds with xBTC/wBTC.

>>23021356
In English faggot

>>23021394
Grayscale has $4.4 billion under management. After an xBTC/wBTC pair is developed, it will lead to $2.2 billion going into xBTC from one fund alone.

Now imagine this occurring the year of a bullrun post-halving. Now factor in market fomo of a coin going from 5 mill to 2 bill mcap in under a year. $148 bill mcap end of 2021 is fud.

>>23021356

this adds a % of hedge to the product but not as they claim it to be since xBTC is correlated to dominance, not market cap or price.

It's an interesting experiment if people trust this as a real indicator. But before they have some real hedge it's no different from a casino

>>23021428
Meds, take them.

There's no way any of this is happening, the rebase is supposed to mitigate this.

>>23021428
This is peak moonfag delusion, take your meds.

>>23021428

bruh

>>23021111
checked.
good luck, Statera should be on the upswing, this supposedly has all these connections but is just bleeding and now its basically at no rebase, in danger of going to negative rebases.
Binance has a wallet. Binance has a trade page up. Known advisors. All this positive shit yet its crashing on its own, never mind if btc dominance were to go up

>>23021525
so it seems
im torn desu. Usually I sleep on these thoughts before buying but I got intense FOMO today.
I'll turn off the phone, tomorrow I come back and read all this again. 1 night ain't nothing, right?
Good nighty anons

>>23021471
148 bill mcap. 2 bill mcap.
Not price. MCAP. And yes it will. It is already in the works you absolute retards.

>>23021471
>>23021482
>>23021508
All 3 of you mongs do not see the breadcrumbs. xBTC was literally developed for 2.2 billion usd injection from

>>23021632
...grayscale in mind. There is no delusion or moonboy fantasy. xBTC as a tool was developed as a hedge for this purpose and they wanted this as a hedge and xBTC was created to fill that demand AS STATED BY THE DEVS.