/biz/ - Business & Finance

PIXBY is a project that has been stagnant for a while now. It was a good concept, a project with unique features and lots of potential... but none of that matters. Like 99% of shitcoins, it never gained mass adoption and it bled and eventually stagnated.

>>24186436
interesting pic

>>24186481
ty, I agree

Here's where it gets interesting. Unlike most failed shitcoin projects, the dev did the right thing and didn't abandon the loyal holders. He maintained communication and transparency the whole time. He's working on a new project/projects (RUBIX/CONNECT) and he's kept the community in the loop every step of the way, giving regular updates, sneak peeks/previews etc.

This brings me to the important part. All holders of the old token will be given the new token on a $1-to-$1 basis. There will be a snapshot in the next few days, and all holders will be able to do the exchange based on the value at the time of the snapshot.
The thing is, the old coin is so low-volume that even small purchases have a huge impact on price. A $50 purchase caused it to briefly 5x, a $100 purchase caused it to 10x, etc etc. These were relatively short-lived however, after 3-6 hours or so the price returned to where it was previously.

So here's what I'm thinking: if even a small number of anons timed it right, we could use carefully timed small purchases to accumulate, let the price go back down, and accumulate more... and then use more carefully timed purchases to overwhelm the negligible sells and cause a sustained moon, just long enough for the snapshot. Even with small amounts of capital, a 100x-200x would be easily achieved.

After the snapshot, it doesn't matter if the price goes back down, since everyone will be able to exchange for the new token based on the value at the time of the snapshot. So none of us would have to worry about timing it like it was a run-of-the-mill pump and dump, or being left behind holding bags. As long as we can keep the price elevated until the snapshot, then we can all exchange for the new token based on the snapshot value.

Now what's the deal with the new token?
Who knows. It might take off and be successful, or it might fail just like the old project. I was very impressed with the actions/conduct of the dev, and there are features of the old project that I hope will be incorporated into the new project, because I think they could literally disrupt the entire tech industry... but who knows. I'm bullish, but I won't tell you it's a sure thing or the next ______, because I don't know for sure and I'm looking out for my /biz/bros. If you want to play it safe you can sell immediately after exchanging.

I plan to hang around to see what the initial price action is like. There's a pattern I've observed with new projects, one that I'm betting you've seen over and over too. A new token is released, it has a build up to a spike. Then it retraces, has a bounce or two, and then does a price discovery to a level that it maintains for a while. Then it either bleeds until it is abandoned, or it might be successful and achieve steady growth. Either way this goes, doesn't matter here, I'm just looking at that initial spike.
So if the old token does a 100x-200x, you can exchange and immediately sell. Or you can see what the new token does. If it even does a 5x-10x, which is common for new projects, we're looking at a 500x-2,000x, maybe even more.

What do my fellow /biz/raelis think? Pessimists, skeptics and fudders, please feel free to poke holes in this idea and tell me why it won't work.
There's only two points of possible failure that I can see:

1) There's not enough buy-in, and there's no sustained pre-snapshot pump.
To this I would say look at the recent price action. Like I said, within the last week or two, a $50 purchase caused it to 5x, and a $100 purchase caused it to 10x. With that being the case, even 10-15 anons with $50-$100 each could easily sustain a huge pump, with negligible risk of loss to each of us individually. More anons and larger buys would obviously make it go even higher.

>>24186436
post some links faggot

I dont like the way you post, so I'm going to disregard everything you've said.

Good luck though.

2) The price of the new token could crash immediately.
Yes, it could. If you're worried about that, just sell immediately. With a 100x-200x pre-snapshot pump, you'd still be in moonshot profit levels. Even if it immediately dumps catastrophically, even if it dumps by 90% before you can sell, you'd still be gettng a 10x-20x.
I'm going to see what the price action looks like, though. If it seems to be following the typical new coin spike-drop-bounce-discovery pattern, I'm going to try to turn my 100x-200x into a 500x-2,000x+.

>>24186863
Sorry to hear that, fren. I'm just copypasting from theprevious thread to convey the information. Suit yourself though, best of luck!
>>24186833
I'm getting to that part of the copypaste, here you go...

If you want to DYOR(and you should):

Check recent PIXBY price action-
https://www.coingecko.com/en/coins/pixby

Info on the PIXBY/RUBIX swap-
https://rubix-connectx.medium.com/rubix-token-introduction-update-2-5-fb68c3615bd7

Info on the RUBIX/CONNECT project-
https://rubix-connectx.medium.com/connect-ct-introduction-d0968e8dded

So what are your thoughts, frens?

You don't understand supply and demand

That concludes the copypaste portion of this thread. Now that all the previous info is posted, heres the price action from just now~
Do you believe that this has a chance of working now?

>>24186979
Seems to have potential.

Lets take it step by step....GO:

Step 1: (?)

>>24187056
There is ultra-low volume on this, the only exchange where PIXBY will be available for the next 12 hours or so. There are millions of PIXBY locked up in staking and so not available. That is the demand situation.
You see what tiny buys do to the price. The thing is, it doesn't have to be sustained-- it just has to last until the snapshot. then price is locked in, and we can swap to the new token at the high price.

>>24186658
>>24186708
>>24186781
>>24186832
>>24186864

>>24187080
1) Pump
2) Snapshot
3) Swap
4) ???
5) Profit!

>>24187228
Where are you buying PIXBY? Uniswap is all fucked up.

>>24186436
I feel like a pajeet is luring me into a scam with art.

It looks like a $29 buy sent the price up 382%. If more comes in, and the snapshot locks the price, all PIXBY holders will get that $ amount in the new token, RUBIX. At that point you can immediately sell and take profit, or you can do what I plan on doing and try to roll that 100x into a 500x-1,000x.

https://www.coingecko.com/en/coins/pixby

>>24187468
That's the pain-in-the-ass part, it's only available on Catex.
https://www.catex.io/trading/PIXBY/CATT

https://www.catex.io/trading/PIXBY/ETH

You want to take the time to switch to CATT first, because it is like 8x more PIXBY than with eth.

>>24187507
I'm not a pajeet, and I'm pretty sure it's not a scam. I think I might have found an ethical cheat code alternative to a PnD, one that benefits everyone involved instead of leaving bagholders.
I could be wrong, I welcome any anon to poke holes in the theory. It does seem to be working.
I'm glad you like the art, fren.

>>24187632
good luck with that

>>24187840
kek I understand, I hate using "other" dexes too.
For what it's worth, RUBIX will be on Uniswap, so you can cash out there. You do have to buy the PIXBY from Catex though, it's the only place PIXBY is still available, and only for a few more hours.
I understand if you want no part of it though. Dealing with a new dex is a pain in the ass.
Best of luck, fren!

>fren
>fren
>fren
shut the fuck up nigger

>>24188178
Thank you for your vauable and insightful input, you have definitely contributed to the conversation at hand and helped to make this Swedish lutefisk-braising forum a better place... fren.

>>24188540
Fuuuuuuck
I was reading the previous thread last night and now this one too
I wanted to jump in but I didn't and now it's up 382%, is it too late?
I want to multiply my money, but I don't want to use some Chinese dex
Aaaaaaaargh

bump

What's the catch?

https://www.catex.io/trading/PIXBY/CATT
PIXBY coin is $2.99 right now?
did i already miss the moon?

>>24190061
kek at first i thought you just misplaced the decimal point.
No, that's the price in CATT. According to coingecko the price in USD is $0.00229842 (which is up 382%).
https://www.coingecko.com/en/coins/pixby
No, you didn't miss the moon. Every anon who throws in $50 or $100 will reinforce the moon mission, force it higher. We only have hours until the snapshot.

>>24189819
There are two catches.
First, the only exchange it is available on is Catex, which sucks.
Second, we have to sustain the pump until the snapshot. Shouldn't be too hard if even 5 or 6 anons fomo in, but it is a catch. Once the snapshot happens, the gains are locked in and can be swapped and cashed out.

>>24189819
he wants his personal army of pumpers to make a moon shot, yes it could happen, but will it really?
He probably has sell orders set up to reap profits before snapshot even happens, he walks out with profit and he don't cares anymore.
Think about it. If I could turn my 400 into 800 in few minutes because /biz/, I would do it. Would you?

>>24190551
I know you're not going to believe me, but I don't even know how to set up sell orders, or any of that defi stuff. I'm the type of only halfway crypto-literate investor whose expertise consists of either buying and holding or swinging. I don't know enough to do puts or leverage or options or any of those shenanigans. I'd like to learn, but I'm Dunning-Kruger aware enough to know that I would get my ass handed to me.
I know that this will be impossible to convince you of though, can't prove a negative and the more I try the worse it sounds.
Anyway, believe me or don't, I have a smol bag and I'd like for a bunch of anons to ride the pump with me until the snapshot and then either cash out or see if the new token spikes, and then cash out. That's it. No personal army or sell orders. I don't know how I can prove it, but there it is.

>>24190551
One more thing-
Aren't sell orders automatic? If I had sell orders set up, how could $29 in volume send the price up by 382% and sustain it? Wouldn't it just get beaten right back down by the selling? Wouldn't that prevent a moon from even happening? Wouldn't there be more money to be made by letting it moon until the snapshot?
Sorry if I'm missing something obvious, like I said I don't even fully understand how sell orders work.
Check the coingecko:
https://www.coingecko.com/en/coins/pixby

>>24186436
are you working? ARPA is literally doing the work for you

I gotta run a few errands, I'll be back in about an hour and a half. If anons keep the thread going then awesome, if not I'll just make another one.
GL frens!

>>24186436
Firstly, this shit is too complex for the avg /biz/inessman to buy. Do you know how much sell pressure you would create if this absolute shit does a 500x? I HIGHLY doubt you will get enough buyers at that price(99% sure) and it won't be sustainable. There are literal pump and dump groups that do this shit to low volume coins and even they are barely making anything on it

>>24191392
you place the sell order and when someone is willing to buy at that price your order gets filled (all of it or just a part)

also I think what you're planning won't work because well the tokens will be swapped 1:1 but who said the dev has to provide liquidity on let's say uniswap based on the last price of the token on catex
in fact I think he won't ever provide liquidity but will use a dex for the new token too because he would get rekt from all the holders of the old token

that said I know about a project that almost no one knows about that is not a scam and will add liquidity to an amm. Potentially we could control a large part of the supply because the presale market cap is tiny. But unfortunately I don't know anyone willing to do this and I can't trust some random biz pajeet

>>24192263
Almost the entire PIXBY distribution is now locked up in staking, check the PIXBY site. look at the gecko, there doesn't seem to be much sell pressure. It doesn't need to be sustained long, just enough for the snapshot.
I gotta head out the door, but I would really like to talk more, if nothing else so I can learn.
If you or other anons keep the thread going, I'd love to talk more.
Or just pop into the new thread if this dies and I make another one. I'd love to learn more.

>>24192529
Like I said I gotta run but I want to talk more. Look for me in this thread or keep an eye out for the type of art I post.
Also read the medium articles, the whole point of RUBIX is to provide for the old token holders. Like i said, I really was impressed by this dev, I think he's trying to do the right thing by the old holders.
Hopefully we can talk more.

>>24192793
Also that's the whole point of the snapshot, to keep it $1 to $1.
Ok I gotta run but I will be back

didn't read a damn thing you wrote
just want to say you have great taste op