/biz/ - Business & Finance

You're telling me...people would be interested in buying low and selling high?

>>24670702
Kek this, but desu in the end it's just like fiat. It's backed by nothing else besides trust. Only with debase you get toxic elements like daily insane inflation rates, moonboys who just want to pump and dump, and no actual need or usage in the real world.

Still there is money to be made, so I'm in some projects.

it has some value. Only thing is that with Fiat you

>>24670760
NO it is NOT LIKE FIAT. THAT IS MY POINT.

AMPL is like fiat, because its a UNIT OF VALUE.

xbtc and base are NOT units of value, because NOBODY WILL EVER denominate prices in "bitcoin dominance" or "crypto marketcap". thats why xbtc and base can NEVER BE like fiat.

and they DO NOT work like indexes, because the only thing that derives value to investors is a change in mcap. but mcap DOES NOT change because of rebase. so if xbtc is tied to btcd, if btcd falls and you get a positive rebase, you WILL NOT gain anything unless you manage to time a sell right after rebase and good luck with that. you'll be paying fees out of your ass and every minute you wait for that transaction to process can bring you into negative.

>>24670716
yes that is true for every crypto. which is my point - INDEX REBASE ADDS NOTHING. as long as people misunderstand the concept, you can speculate on their stupidity. but the concept by itself doesnt work on a fundamental level. the whitepapers miss the point.

This is completely true. That doesn't mean I didn't know it already.
I flipped BASE recently for 4x

>>24670854
Exactly. Rebase projects are greats trades to flip because they trap low IQs who see them mooning and want in, and mid IQs who read the marketing jargon and think they're buying into a new investment vehicle when it's little vaporware with zero value. I actually feel most sorry for the mid IQs, I mean if you're dumb you're dumb, but being kinda smart but still getting justed and outplayed must feel embarrassing

>>24670915
it just blows my mind how one can write whitepaper after whitepaper blatantly lying and ignoring the elephant in the room. like your concept doesnt work on a fundamental level, how can you ignore that. im wondering if even the creators grasp that fact.

You’re a fucking retard if you
a) think AMPL is any different
b) think there is no money to be made with rebase tokens

>>24671505
ampl is different because i can see the utility of a token having a stable price pegged at a unit of value like USD. price stickyiness makes it work.

i cannot see any benefit in a token having a price pegged to an indicator.

>>24671565
Nope, it’s not. It doesn’t matter what you see, it’s just another number and another coin with elastic supply.

>>24671638
This

AMPL has a sounder purpose but fails completely at achieving it. The other ones are just literal scams and you should get in early and dump on pajeets that ask "were my token go sirs".

>>24670702
You're fucking dumb.
>it could be pegged to anything and youll make money after both positive and negative rebases.
This is absolutely true, but then you contradicted yourself by saying
>ampl is legit because its peg is tied to a UNIT OF VALUE, not an index. this makes it a relatively stable currency.
The UNIT OF VALUE as you say is completely arbitrary (the 2019 US dollar).
If this becomes stable it will only be because of massive liquidity, and acquiring that is the team's main goal.

>>24671638
>>24671673
All rebase tokens are is purchasing a percent of the rebase tokens market cap at time of buying. If the coins mcap goes up 10% so does your investment. Ampl included. I've made an unironic 50% gain (in ETH) solely from LP with base though. Break even on base mcap itself BC I held through dip.

>>24671723
all im saying is that at least AMPL has a working concept behind it that does what it says. if it succeeds or not is another question and depends on its adoption.

xbtc and base, however, even if adopted, cannot succeed because their very concept is garbage. just because you pegged your price so that you get more tokens when btcd falls DOES NOT mean youre "hedging" against btcd falling in any way.

>>24671749
do you swing, mine or what?

>>24671838
They might not work as they claim to but they still work exactly like AMPL, just in different colors.

The truth is that majority of buyers for any of these tokens don’t read the whiterpaper nor care about the supposed use case. People buy in to make money and for that, these three projects work exactly the same with different levels of success.

>>24671925
>but they still work exactly like AMPL
a fundamental difference being that one is pegged at a unit of value that can be used for stable denomination whereas the others are by definition changing, depending on their specific pegged mcap

>>24671959
>>24671838
It doesn't matter what a rebase token is pegged to. The rebase removes any stability, there's no use case for the value of the token. Unless your arbitrage or defi loans lock in the amount of the token you have and also don't rebase but they do.

No I just bought, hodl and did a liquidity pool.

>>24671959
Nope, the number does not matter. You even said it yourself too.

>it could be pegged to anything and youll make money after both positive and negative rebases.

best time to buy xbtc

>>24672028
>>24672033
theoretically, once ampl marketcap is large enough to remain stable, it could serve its function. but i guess its about as farfetched as btcd or cmc reaching stable points, which if they ever will, is going to happen in decades probably.

>>24672179
>it could be pegged to anything and youll make money after both positive and negative rebases.

>>24672201
yes but the goal of ampl isnt to make money, unlike xbtc and base.

>>24672212
Kek

>>24670815
You guys are retarded and I know for a fact haven't read the whitepaper. You wouldn't know if it doesn't work on a fundamental because they haven't actually put it to use. The purpose is to have base money (not a bank) that allows you to denominate contracts and items in it. They haven't been deployed on any lending platforms yet.

>>24672368
I've read all three whitepapers for the mentioned coins and all of AMPL additional resources.

>fundamental because they haven't actually put it to use
Whether it's gonna get adopted or not is speculation and has nothing to do with its fundamentals, which are solid. Unlike xBTC or BASE.

>>24672047
This.
All i can say is that in the short term with the rebase hype, xbtc could skyrocket.

>>24672448
yep

>>24672406
Wait I thought you said AMPL fundamentals don't work. My bad. But I'm still going to call you gay cause I dislike being wrong. Gay ass motherfucker