/biz/ - Business & Finance

>>24523331
#51 ---> #20 soon

>>24523331
I'm too scared to invest in this. I will get a bag though if I get some realistic targets on what people think the MC will be at the end of this cycle and why you think that. Feel free to use reasons such as because Balancer and because cross chain integration and because muh high liquidity in comparison to last time, but I don't understand what any of that means exactly. I'm sure alot of newbies are in the same position as me so you'll probably be reaching quite a few potential buyers if you sell this right...

>>24523331
comfiest hold on my portfolio

>>24523530
hands off my ampies

>>24523560
But elastic supply so we can all share

>>24523530
The price isn't the focus anon. With that being said, I'm not buying these HEAVY, EXPIRED bags from these shills

>>24523530
In my humble opinion there are a few reasons why I think this belongs in the top 10 in terms capitalization.

I'll give you two, a very practical one - and one that indicates how feasible and valid some of the more idealistic economic ideas in the foundation of this are.

1)
There are so many incentive programs around this currency now (I have sort of lost track), and they just keep on coming. To me, it's a very clear sign, that the people who are developing this space, are excited by AMPL - and are eager to integrate it into their platforms and blockchains. A very good signal. This will keep AMPL from ever going to zero, since the APY on these programmes would drastically increase if the market cap deflates.

2)
I won't get too technical with you, but this protocol is one of the first real innovations in this space since Vitalik created Ethereum. Vitalik was even talking about how he sees the ideal base money model in this space (on the Lex Fridman podcast). He described a currency, which had its volatility shifted from its price, into its supply. This is Ampleforth. A base currency, that adjusts its supply dynamically, based on the demand for it.

And it is also the only non-deflationary take on a base money that is not backed by the Dollar in any way, as far as I know (at least at a higher market cap).

It couldn't be more of an idealistic cryptocurrency, but it is also painfully elegant and conceptually simple/uncluttered.

Target MC? I have no idea. But no one knew what AMPL REALLY was during the last cycle. To most, it was just a money printer. Now the infrastructure is starting to exist (incentive programmes) and now, people are also starting to grasp the economic model. My best guess is, that it will be going higher this time.

>>24524075
Thanks for taking the time to write that. It does sound very very tempting. Do you personally feel that $1bil is somewhat achievable?

>>24524176
It's inevitable.

>>24523331

AMPL is a good way to lose money.

>>24524293

Low IQ detected

>>24524075
I'd like to add that potential laws that would hinder traditional stablecoins would have no effect on AMPL, because it's a decentralized pseudo-stablecoin that requires no human intervention to function.

>>24524323

AMPL completely fails as a stablecoin and most people lose money in the long run. Only reason some people didn't lose big this year was the big spike to $3.50

Otherwise negative rebases gonna fuck you

>>24524431
Yep. This summer was the time for AMPL, it's unironically time to move on fellas. So much going on, kind of retarded to be stuck on this bullshit. Please stop making threads.

>>24524431
Ampleforth is not a stablecoin. It will be a somewhat stable currency when it finds its supply/demand equilibrium - which is the end-goal of this protocol.

It was not designed to be stable from day one.

Further reading: https://www.ampleforth.org/papers/

>>24524482

Fuck off and buy earlier next time Arjun

>>24524343
>pseudo-stablecoin
I like that description of it.

>>24524431
>>24524482
I've also noticed something else really interesting and quite bullish about Ampleforth. The protocols that have copied Ampleforth's rebasing property create threads on /biz/ shilling their token, in those threads I very rarely see Ampleforth holders going into that thread to shill Ampleforth or fud the token for which the thread was created for. I ALWAYS see it happen in Ampleforth threads though. Makes you think...

>>24524597
kek I made money with AMPL but it's over man, hype is gone. These threads are depressing

I've about 799 of the tokens, I've absolutely no idea when to sell. Can someone spoonfeed me pls, I'll unironically suduko if have to go through another neg rebase period

>>24524635
>The protocols that have copied Ampleforth's rebasing property create threads on /biz/ shilling their token, in those threads I very rarely see Ampleforth holders going into that thread to shill Ampleforth or fud the token for which the thread was created for
That's because those coins existed after the success (and downfall) of Ampleforth. Everyone used their AMPL gains to buy new shit. The majority of people moved on

>>24524675
No one can tell you this. Trust your gut. You can also stake, if you prefer a lower risk profile.

>>24524675
>I've absolutely no idea when to sell. Can someone spoonfeed me pls
when it goes above $3

For anyone interested, here is Vitalik describing what I am talking about here >>24524075, by the way: https://youtu.be/3x1b_S6Qp2Q?t=4724

(1:18:45)

apparently the balancer thing is supposed to keep it from failing this go around

>>24524675
>neg rebase period.
You won't have to if you just check it every day before the rebase.
It's okay, though.The price keeps climbing despite rebases and we won't see negative ones for a long time.

>>24523331
Great AMPL stats here: https://stats.cryptokek.com

>>24526036
This is great, thanks.

>>24526036
that and these are what I'm checking everyday:
https://www.ampleforth.org/dashboard/
https://www.coin-tools.com/ampl/ampl-rebase-history/
https://www.livecoinwatch.com/price/Ampleforth-AMPL
Unironically preferred it when cryptokek was a spreadsheet

>>24525592
>this time it's different

>>24526903
hopefully

i trust ampleinstein personally

>>24527134
>i trust ampleinstein personally
the same guy who told people to put their AMPL in to the (((goyser))) at 10M cap, resulting in anons getting cucked out of rebase gains when it pumped to 600M?

>>24526903
Technically it should be, since the APY of all the incentive programmes will increase if the market cap starts deflating.

The real question is, where this places the actual MC support level. No one can know until this cycle reaches its end.

If there's money to be made, you can bet people will make it.

>>24527287
you get rebase gains when its in the goyser bro. it happens to all wallets, even wallets that are contracts.

>>24527415
holding pure AMPL is a much better proposition if you think the mcap is going to pump vs 50% AMPL 50% ETH

AMPL army should look at Base Protocol, is not the typical pajeed scam token. It's pegged to the global capitalization of crypto so it works as an index . It also makes full rebases, we had 2 first days of positive rebases and we are sitting at 4M mcap

>>24527287
well i dunno, i'm not doing the geyser myself, i'm a stacklet so it's all or nothing for me. i think studying the last cycle can better help prepare for when to exit so that i don't fucking die like people did last time lol

>>24527611
clearly an ESL jeet

Where are we going tonight boys?

Price is hovering around where it peaked last night.

>>24527338
>the APY of all the incentive programmes will increase if the market cap starts deflating

What does the % APY of the geysers have to do with Ampleforth's MC?

>>24527611
posts promoting base read like bots and shills to me

>>24527855
As in, I thought the % APY increases or decreases with how many people are in the geysers...didn't think it was anything to do with MC.

>>24527489
of course, but that wasn't my point. people still seem confused in regards to my original post.

>>24523530
It will go up to a 700 mil MC. Then back down

Also when borrowing and lending on AAVE V2? Is there still some long process involved?

>>24527855
>>24527922
I was actually referring to the supply, not the market cap. My mistake.

If the supply starts decreasing, everyone who is staking their AMPL, will automatically be staking less AMPL (because of the supply adjustments); Thus increasing the APY of the different programmes.

>>24524519
isn't that the same with things like bitcoin and ethereum?
volatility will drop once the space matures

Your welcome

>>24528631
thank you

>>24528628
No.

Let's take Bitcoin, for example. Bitcoin has a fixed supply. The problem with fixed supply currencies (BTC is the ULTIMATE fixed supply currency), is that they will remain volatile till end of time. Why is this, you might ask?

Well, if a currency has the attribute, that it can only become scarcer as time goes on (people lose wallets, people send BTC to unretrievable adresses) - it should theoretically keep appreciating in price. Sure. It might be subject to bubbles from time to time, but overall, it should trend upwards.

This is a really bad currency model to denominate debt in, and it is a bad model for a base currency (it de-incentivizes spending).

>>24528802
Isn't AMPL limited by these problems too.
Let's say I burn half the supply of AMPL because im stupid. the price will probably double and everyone will have twice as many AMPL after the rebase. So it's still deflationary in the end, right? If you hold AMPL you will get more money, if you spent it, you would have lost potential gains, making it deflationary.

>>24528901
1btc=1btc
1AMPL=1AMPL
if you want borrow from me

>>24529120
based.
i don't really understand ampl, it's like instead of thinking "I own 1 bitcoin", I think "I had 9000 dollars before and now I have 19000 dollars". Aren't they literally the same thing.

>>24528901
Let's say that you manage to acquire 50% of the Ampleforth network somehow, and you then send all your AMPL to an unretrievable address.

What would happen to the price of AMPL if you did this?

It would initially become less volatile, since everyone else would buying/trading against the percentages of the network that you own. Percentages that would then never be sold or exchanged.

I understand the argument, that it seems deflationary in nature here, because you can own a percentage of it (That can then also be lost). But it's not quite deflationary, in the way that we'd traditionally talk about a deflationary currency.

The problem here, is that we (as a society, and as an economy) have always denominated the value of things in the price of those things; You own one pound of gold - and it has a price that can change. We are used to thinking this way. Here we instead go; You own one unit of currency, it has a fixed worth - but we adjust the quantities of it.

The key difference here, is that the worth of one single unit trends towards a fixed price point. With a true deflationary currency, the fallacy is that you are incentivized to hoard single units. With an elastic supply, there is no reason to hoard single units.

>>24529344
well you're still incentivized to hoard right? Economies usually keep on growing, like right now we have tech companies which basically made tons of money from thin air, so if you hoard 100 ampl you might have 200 at the end of the year. a computer will always cost 100 ampl becuase 1 ampl = $1 but if you held you can now buy 2 computers, so your purchasing power increased by holding. Sure, it looks like inflation happened because there's now twice as much money in existence, but people are still incentivized to hold.

>some people still sell right before the rebase in a pathetic attempt to swing it
lol

>>24529570
why wouldn't they at least wait until after the rebase to do that? feel like i'm missing something

>>24529506
> if you hoard 100 ampl you might have 200 at the end of the year
Right now, sure, this is relevant. The currency is still in its infancy, and has a lot of growing to do, but at a supply/demand equilibrium (the end-goal of this protocol) the incentive to hoard is almost non-existent.

>Economies usually keep on growing
Well, purchasing power is diluted and the redistributed - which is what a currency like this is trying to prevent.

>>24529629
I think they are trying to get ahead of the people that sell right after a rebase.
Honestly I just hold this shit and make steady consistent gains.

>>24529506
>>24529691
But I will give you, that of course, the incentive could still be there. It's just not as significant as it would be with a fixed supply currency.

>>24529629
Sometimes it dumps larger than the rebase percentage. Look at Sunday night, that would have been a great time to sell before the rebase.

The people selling now at 1.60 are fools. Probably.

>>24524597
yelper.

>Ampl being dumped on this hard before rebase

What does this mean? Is it all over?

Either we poomp back to 1.60 or die. Go amplanimals, feast.

>>24530022
>>24530046
if you zoom out you can see the trend, around rebase time people dump for a bit and then it goes back to normal again

also you should be looking at mcap as well

>>24530185
Right, I wouldn't count this meme line as broken just yet. Need some time for the rebase to settle.

>>24530046
I would be fine with it hovering between $1.40-1.60 for a few months. that's a healthy rebase, stays off the radar of moon boy fags, and doubles my stacks before the real moon mission.

>>24530549
Justin Sun has already been tweeting about AMPL, that ship has sailed.

>>24524075
Based effortposter

>>24524176
that's a conservative mcap

>>24531061
is .01 enough to make it?

I'm still in the red from when I originally bought in the middle of the last hype cycle. I've had diamonds hands all the way through.
I for one am very happy that this time it's growing slowly, as soon as I saw niggers and women on the Telegram I knew it was over last time.

>>24524482
Lol have fun staying poor up 2x already this cycle

>>24531657
Well most of those women were just pajeet scammers.
Moon buys asking why they lost/gained AMPL is a bigger signal.

Imagine being naive enough to 'invest' in this

>>24533016
You gonna post this in every AMPL thread?

>>24533016
imagine being such a nigger you can't make gains at 5% a day

It is hard to find a good platform with crypto solutions to invest in.

Learned DuckDAO, read twi posts of crypto pros. Seems like it is an open platform with an investment system. Have you read/found anything about it?
https://drive.google.com/file/d/1GfZzZGGInyG066WHO09aT_i3ROspkO6I/view

>>24533433
>brown hands typed this post

time to sell

People still don't get it?

Guys, I want to hear your opinion about one platform: duckdao.io

Came across their Hunter Season on Twitter, this is a kind of crypto game and platform with investment options. They made long-term partnerships and Foundation for modern blockchain-based systems.

>>24533732
they don't get it
fuck em
we'll still need people to clean portajohns & dig ditches

bump

>>24523331
It baffles me how low volume is right now compared to the previous expansionary cycles.

>>24534569
it’s fire forged iron strong hands leftover from the ball dropping debase cycle... so one weak handed whale can end the whole run

>>24534613
Or investor dump... here’s hoping these faggots wait until a major listing this time

huge sell signal

this shit is gonna dump and then catch fire so quickly

>>24524075
>Now the infrastructure is starting to exist (incentive programmes)
imagine needing to add incentive programs to your useless token model to get people interested

shit's straight scam. i can't think of anything scammier. it's a gimmick with no use case that tricks people into believing it's different from holding literally any other coin.

>>24534730
>>24534780
The token model is not useless. The incentive programs bootstrap liquidity, which will be important when loans start being made in AMPL. The long term goal of the TEN YEAR incentive program is to provide the market enough liquidity for every coin to be paired with this token.

>ids a scam
is no a scam
>is too
Is not
>nu-huh
yeah-huh
....fuck all of you tards

THIS FLIPS BITCOIN

why the fuck didn't i buy a shitload of this a month ago

>>24534860
Exactly. This is how you'd try to incept a new base currency.

>>24529570
Yeah seems like you'd really be playing with fire here...I mean just look as the last rebase as an example...the most the price dropped was around 20c. So let's assume you sold and bought at the perfect moment to get that 20c swing, you then need to deduct the rebase amount you would have gotten if you had just held off the 20c swing profit you've just made. Too many variables and too risky imo just to make a fraction more than what you'd get if you just held and let the rebase do its work. You can quite easily swing it and be at a loss.

Anyway lads I bought at $1.50. I'm in this with you guys now. Let's make some money.

>>24536112
Really sweet entry point too good job, was curious whether this thread had persuaded you

I wonder if we're going to retrace now. A hard retrace seems unlkely since FOMO hasn't kicked in yet, but we're sort of leveling off. This low volume pump has been weird as hell.

Looking pretty bad boys, I'm out for now. I'm up 250% though, keep the fire going and I might come back.

>>24537461
>going and I might come
Stay away weakhanded faggot

>>24524645
>Millions in liquidity
>dead
get off 4chan nigger

Imagine buying a coin worth $1 at $1.60. NGMI.

CRASH
R
A
S
H

>>24538638
this, the amount of retards on this board is astonishing

also smart money sold a couple of days ago, before the heavy shilling started

How do rebases make you money?

10 tokens @ $1 = 10$
Years of rebases
1000 tokens @ $0.01=$10

>>24539043

When the buying demand pushes it to $4+ you simp

>>24529152
They are, except they weren't mined, they were made and sold.

Ampleforth bros, check Base Protocol. Rebase token pegged to the total market cap of cryptocurrencies so it actually works as a crypto index. It's pegged 1 trillion=1$. 3rd rebase is coming today and it's going to be positive as all the previous one. Get in NOW

>>24540729
scam. you do that on every fucking thread. pathetic