/biz/ - Business & Finance

Financially ruined but I’m here.

>https://youtu.be/b7tz4jfYXyU

It's just a regular REEFy day. Not much going on for REEF bro's today

>>27745405
I bought in at 55 sats im comfy

Swing gang swinging from 026 to 028

Comfy with my 60k stack bros. Senior needs to purge the pajeets and get some white people on his team. Feel good about REEF overall

50k stacklet reporting in

>buy signal on hourly just in
>following supports nicely, neither overbought nor oversold
>on a constant rise
Never felt more comfy.

>>27745969
Meant Denko. Forgive my phoneposting.

REEF LORD Here! Holding 370K

8k stack peasant reporting in frens

>>27744392
Bought under two cents so I’m still up unlike the pump chasing retards

don't worry about the short intraday fluctuations

look again where we are in a month

>>27746151
Feeling the same, only bearish scenario i see is a dump because we pumped 70% in a week. But we talking crypto, so more potential upside ahead.

most important things from the coffee chat imo

>Debit card: (note: not a fake Visa partnership) The first Defi debit card, launch before Q3. Your investments can "top up" (withdraw to) up your card automatically, say 2 times a month. You can top up card with crypto (e.g. ETH) to avoid gas fees. It only converts from crypto to fiat when you want to pay. You choose in what order the debit card works (eg fiat->ETH->REEF->etc). They also want to gamify (bonuses, rewards, points, cashback and tiers within cashback, etc). Deep integration/big emphasis with debit card.

>Pulling mechanism: Hard problem of how to keep the fees as low as possible. Pulling means there is a lightweight smart contract that takes your basket choices and gradually gets you into the positions over time (say 1 hr from selection, though it will seem instant to user) to reduce gas fees. He noted that REEF will cover the hefty routing fees at first but eventually the fees get spread around over all users with a % fee. (Didn't mention L2 solutions like optimum or rollups) Said that current gas fees are "unbearable and unsuitable", they have that in mind.

>Insurance: When exposed to certain protocols you may want insurance (eg Nexus). Then you need to understand gas, how to claim, how insurance works. Bad for normies. REEF allows you to hit one checkbox to "Insure your position". It takes some portion of your stake and pays for/balances your insurance for you (eg. you have exposure to UNI and UNI gets hacked, REEF gets you paid).

>>27744392
14K, soon to be 100k reporting in!

1,500 baglet wage slave here.

19k REEFS here. not selling till 1$, but i am afraid everything is pointing to a bear scenario soon. We will need more and better memes to stay strong.

>>27746491
dont get discouraged bro. just continue to dca

Can REEF really go to $1.00?

>>27747054
Not within a week or a month, but eventually, yes.

I just bought 75K REEF with some of my DOGE gains. Am I gonna make it bros?

110k reporting in

>>27747054
the supply is one of the highest i've ever seen. like BAO tier shit, lol. it's more likely to grow 10% than 10x, just being brutally honest with you.

>>27747314
lol supply is the only fud you homos have


Reed to the moon

>>27747314
Plenty of high supply coins have mooned like crazy, thats not really an obstacle in this market

9000 reef

Can we please stop shilling until the 15th? I need to accumulate more.

Just bought 672 reef. Am I going to make it finally?

im doing pretty good i guess

wish i had bought more reef at 1.5c

>>27747250
Any decently smart lad who holds reef is likely to make it. Good job.

>>27744392
its dumping

>>27747314
if it wasn't for the supply reef would be a sure thing

>>27747314
>Keks in 40%. Hopefully I can complete my sui stack by the 15th.

Comfy seeing that beautiful logo front and centre

>>27747961
Sometimes I wonder if the fudders look at the same chart as the rest of the world

>>27747514
lol and the fact that it's just a series of big promises? you have no reason to believe denko and his pajeet army are gonna be able to pull off everything they've got planned.

What do the tokens actually do? Like how is gonna be looking to actually buy these tokens we're accumulating right now?


The service seems good but the tokens seem useless

>>27748591
>lol and the fact that it's just a series of big promises? you have no reason to believe denko and his pajeet army are gonna be able to pull off everything they've got planned.
Could say the same for any coin in crypto perceived value is all that matters

>>27748591
That's true, but that comes with early stage investing for every project. They seem like a solid team though and they know what they're talking about, so it's likely they'll make it.

>>27748591
Should also add that early investments may carry risks but also carry much higher rewards. Eg. we know the price will pump on every new exchange listing and we know big exchanges are coming up, and that's regardless of if the team delivers or not. If the team somehow dies, then yes you've lost everything, but if they even remotely deliver you have an easy x5

>>27748666
Tokens will be used for governance (useless), collator node incentives (good), used in fees like entering or exiting investments (good), and used for liquidity pools (great), staking rewards that come from yields.

Also users can get their yield back from investments in ETH/fiat/etc but they get more back if they get their yield in REEF.

There's actually a ton of mechanisms that make the token more valuable.

>>27748666
This is a good point. Is it for the debit card transactions?

75k stack reporting in. Feels good also and havent slept this well in ages. You cant spell "free" without "reef".

Not doing so hot. Could use some words of affirmation. holding a 50k stack so I'm not a big boy like some of you. I'm not too concerned about the money I've invested thus far but concerned about going deeper.

I bought at 1500 GWEI, its comfy
my statera balance looking nice too (bitcoin of DeFi btw)

>>27748971

>>27747852
Spoonfeed me on this meme date

>>27747852
This isn't a shill thread brother, just checking in

>>27748726
Where can I read more about the team?
All I read is Denko this, Denko that but I've never seen his team.

>>27750930
Watch some of his interviews
https://www.youtube.com/watch?v=b7tz4jfYXyU
https://www.youtube.com/watch?v=pMXkYYvMPyY

>>27750930
he's the CEO so he's the face of the company
who cares about the wagie low level employees if it's him in charge?
REEF is partnered with Chainlink, Binance, and Polkadot btw

Still dumping while everything moons, fuck this shit

20.5k reporting

>>27751305
he can't be the only one doing all the decisions, that's a bad sign.

At least some of the main engineers should be known so we can check what they worked on in the past.

>>27751305
You forgot avax, the most important one of all

>>27750697
when's this happening? the chink pump will change everything

>>27752036
yeah this is sus, if it's just one ambitious dude the project's as good as dead

A little upset I didn't swing my reefs to akro when reef started slipping and akkro start raising. Then some dude bought 100m akro and now it's twice the reef price so then I'd swing back and be comfy as fuck

>>27752268
Expecting to make all the right choices at the right time will never work. And I'd love to be all-in on DOGE right before the first pump but we can't have it all. Find some projects with potential, buy in at the first available dip and relax.

>>27750697
Tell me if you're just shilling or actually pulled that from somewhere official, if it is real I need to start increasing my stack before the listing.

>>27752268
>>27752865
This. Trying to swing on price or predict dips is a recipe for disaster. You will lose money.
Either invest and hold in something you believe in or look for coins that have a good chance of pumping and then sell at a set profit and never look back.

>>27752233
CZ from Binance would like to have a word with you.

>>27753309
From their announcement telegram

>>27753414
how much did he pay CZ to get there?

>>27753537
Yeah bro, he's paying Binance and they're putting they've agreed to disregard their reputation and shill a fake product. Stronk case.

>>27753498
Fuck. No time to waste then, want at least 1mm before this shirt start moving for real.

>>27753833
based REEFer poster

Wasn't Denko the only new speaker there this year?

An anon summaries the recent coffee chat here.
>>27717627

I spent some time DYORing yesterday >>27685209, feeling pretty tired but if there's interest I'll continue.

>>27754031
It's already starting to take off on the hourly so you better get moving btw

>>27754251
Yeah, i think its the only new project featured this year

>>27753498
None of that is interesting aside from Huobi listing. Or am I missing something? Literally nothing regarding the product.

>>27744392
Waiting for my millions!

>>27754341
I still have the thread open, have yet to go through everything but I'd appreciate it if you did

>>27744392
reefchads... we're going home.

>>27754426
I should have noted that this is for January, so the listing must be in the approval phase. The post in the screenshot is from today so it must have been confirmed already.

WTF WAS THAT

>>27754528
based

>>27754341
very interested, please continue and perhaps discuss the biggest fud / shill topics

>>27754622
Well shit, time to get a move on. Thank you for the information anon, I hadn't checked the telegram yet.

I will be nice back, check Chiliz. They got halted in their tracks by the corona epidemic since it is tied to the sports industry and that itself took a pretty heavy blow last year, but now the gears are starting to grind again slowly but surely.

What the hell were they thinking when they hired Carlos Matos (yes, that Carlos Matos) as a marketing specialist?

>>27754622
https://www.huobi.com/en-us/exchange/reef_usdt

The listing is live and has been for a few days?

>>27754341
You are doing Kek's work brother, love to see the effort and not just shilling.

sitting on a 900k looking for a 10 bagger

>>27745972
me too

Here's most of the team. Slavs and a chink. Reasonably bullish.

>>27747054
easily if it catches up with uniswap

>>27755913
thanks, that's what I was looking for

>>27755419
Fuck off. The bitconnect guy?

>>27750526
Don't go deeper then the best stack is one you're comfortable holding

>>27756332
Yes. The Bticonnect guy. I was really shocked when I found out about this.

>>27756459
>>27756332
Source? That would be the worst

>>27756588
fud

>>27744392
I lost all my reef sending to BKEX. Those chinks wont help at all.

>>27755913
Jure confirmed Dota 2 player

>>27756459
Ahaha hilarious fud. Good job. I am so stealing that.

>>27756749
bullish

Carlos Matos Taking REEF to MARS

https://www.youtube.com/watch?v=vabXXkZjKiw

>>27756588
He said it in this video himself:
https://www.youtube.com/watch?v=A2-BOWCyDy4

>>27757013
No way I'm watching through this, give me a timestamp

>>27744392
One day people will understand OP is always a faggot, and sentinel dvpn is the king of /biz.

>>27744392
Im good how are u fren
holding this gem for long
wagmi
:)

46k pleb here, will be buying more if theres a big enough dip

I sold immediately after that fag preached fundamentals to us yesterday. Made a small profit. Thanks for holding my bags.

>>27746360
IM COOOOOMING

Lol at this blatant swinging back to 0.26 we go

Damn bois I thought this was the one I’m only a 13k stackleg though

>>27757633
I have about 500 dollars of reef and about 500 USTD. I keep swinging them back and forth with the drops to 27 and the rises to 29/30. So far I have made 100 bucks. Poorfag's gotta earn more for accumulation

>>27757989
Same bro about to buy back in

>>27757989
USDT*

>>27757633
Support is at .025 and BTC will dip, so expect it to go there

>>27757989
i put 500 usdt on .030700
im fucked till then

100k stacklet reporting in

>>27758348
Is 100k make it?

>>27744392
comfy

Poorfag reporting in
Bought 1000 coins, and will continue to buy more each month.

>>27758394
suicide

>>27758189
Thanks fren

>>27758348
Nice brapper keep up the good work

>>27758336
My sympathies. This is just a minigame, anyways. As long as we hold, we'll all make it in 2 years.
>>27758189
Hope so. Last buy-in was at 27 after selling 29. If it dips that slow I can just buy that and sell it when it's back to 30. However, did you consider the interest-free margin trading that starts soon? 25 won't last long

>>27753833
you understand you just sound the exact same word for word as all the shills for shitcoins in 2017. I'm not saying reeeeeeeef is a shitcoin, but don't find confidence in "____ reputation" being on the line. It's a stupid argument that'll get you burnt.

Do I buy in now? I don't want memes like "durr $1 EoM" then dumping immediately.

>>27759342
I hope it will moon for a bit soon and I will probably sell most of it. I will buy back later if they actually have something online outside of a website and a twitter account.

>>27759557
This is the last chance to buy once staking is added to binance and coinbase acquires it its at least gonna x10

>>27759875
There will be NO Binance staking and it was never planed, stop making things up. Provide any proof of that.
Also no Coinbase listing anytime soon.

>>27760029
There is x3 zero interest margin trading tomorrow, though. It lasts until the 11th so you can't really lose unless you short it and it moons the entire time

>>27760029
You're actually a fucking a retard fudder. The CEO was on a live stream Q/A today and that was one of the questions. He didn't provide an ETA but said it's in the works. So I doubt he's fucking lying to everyone on a video call hinting at the fact that that Binance Staking is in the works. Do your fucking research before you start to FUD you ape.

there was some REEF staking with other currencies recently

https://launchpad.binance.com/en/launchpool/REEF_BUSD

>>27746300
Post hand

>>27760618
He actually dodged that question.

what did he mean by this bros

>>27754426
The site goes live to the public in Q1, REEF is creating the first DeFi Visa card in Q3. The GitHub commits are going to be made public soon so people can track progress after the site goes live.

>>27748547
Fudders : what charts?

2040 dime bag holder here. After payday, I’m looking to atleast drop in another 8500 to make my sack a little bigger. Hodling to dollar amounts.

>>27761027
This sounds actually pretty good and finally something more interesting than "he was eating burgers with sergey" and other weark effort information.
But we dont have much time left in Q1, do we? So I am really curious if they will deliver.

>>27761008
He is just the ordinary shill

>>27761008
bearish

>>27761544
They’ve kept on track with their roadmap so far, and Denko regularly shows the site in production on a weekly basis. They just passed an independent security audit this week, and there’s still nearly two months left in Q1 so it definitely seems plausible for them to have the site live in that time frame.

Getting in now is risky anyway because BTC is close to the top of its trading range right now and we still don't know whether it's reaccumulation or distribution. Dropping at least to the bottom of its TR is not unlikely.
If BTC retraces significantly, everything is gonna follow as per usual.

>>27762615
Damn was unaware a year is 16 months long. Can you even math bro?

Just saw a binance promo for reef, when did that happen?

>>27759342
Binance is a legitimate company, we as legitimate as chinks can get. Actively pushing a PnD on a fake project makes no sense. The rewards are no where near the risk. That doesn’t mean reef will be legit, companies make bad decisions all the time but for binance to knowingly be in a fake PnD would be retarded.

1.6mil anon checking in, hope were all comfy today. Steady gains

>>27746491
Same, good luck anon, may you have many gains.

>>27762831
Q1 - January, February, March
Q2 - April, May June
Q3 - July, August, September
Q4 - October, November, December
We are at the start of February, therefore there are two months left in Q1.

>>27763319
Stop

>>27764121
He is right tho

>>27744392
Bought in today for the long hold. Got 6000 reefies atm, gonna top it up to 10k after i sell this Doge shit.

>>27764504
Good call reefbro, welcome

>>27764347
Let fud spread retard

Look in the comments to their "giveaway's" Two people are saying they haven't gotten anything from them. Another thing, Why does it show deleted tweets where I assume people are replying to the Reef twitter.

https://twitter.com/KurtzwellX/status/1357039575722508288

>>27755419
the memes, would be a pretty amazing move lol

make sure to show he's just there for dancing and singing

Sold .0287, just bought back in on this dip. An extra 18 dollars of reefies are mine!

>>27765175
careful with swinging, it works every time until it doesn't and you're left watching it rocket up without you

>>27764953
Just reading the Lite paper on reef.finance. Holy shit if they come through with it and implement it... It's gonna moon so hard. I was this hyped previously about GRT and look at it now.

>>27757989
don't you get taxed for every swing?

>>27765000
> deleted by Tweet author
What's your point? Someone replied to that tweet then decided to deleted it?

>>27763319
>>27764121
>>27764347
It was a joke, sorry for trolling, 100k reef stacklet.

>>27765715
I was just asking because I don't use twitter and it looked like they were replying directly to the Reef twitter account. I was wondering if Reef deleted some tweets I didn't see.

>>27765565
That's why I have a permanent stack of 20k reefies and a further 500 USD to swing with

>>27765683
My crypto doesn't exceed my taxable income. The fees are offset by gains

>>27761008
Who posted this? Can you link it

if I were you guys I'd sell like halfway through this month or ASAP, this project probably has great potential longterm if denko and the team sticks with it but there will almost certainly be significant price drops on the way there
Why? look at the Q1 roadmap (https://www.notion.so/45181a0374144559b2a97962c1011725?v=fbfd03422dad4a8d98f9b3a8e7cd32ae)), so much foundational shit that is either "WIP" or "Planned" (not started yet, including fucking multi ecosystem support) with a client launch by the end of Q1. There is NO WAY they'll be able to deliver on everything there in such a short timeframe
If you are "dr;ns", in this for the really long term, or really trust denko for some reason, just prepare to get some cheapies I suppose

How many do I need?

Also is the Carlos Matos shit real? Tell me it aint so..

>>27766532
Probably true but the hype is real at the moment. Personally, I'm not a fan of trying to swing trade.. just never works out for me, so I'll just hold.


I actually missed this article, just found it now randomly:

> https://www.morningstar.com/news/accesswire/622351msn/reef-finance-becomes-the-marquee-project-in-pioneering-decentralized-finance-with-binance-the-worlds-largest-cryptocurrency-exchange
Ho Lee Fuk.. ChadDankO must have really impressed CZ. It's pretty clear they're backing Reef as the main finance hub of the polkadot ecosystem. Just need them to deliver on schedule and we GUCCI.

Here come the green candles back to 0.03

>>27761008
Was going to buy in until I saw this.

>>27745886
Not a bad play it's been hanging around there all day.

>>27767168
no, it was a troll

>>27744392
Every time I swing I just watch Denko on youtube and FOMO back in with an even larger stack.

>>27765683
do you even get taxed if you swing with stablecoins? Or just with fiat

>>27745969
Big agree. I understand he’s working from the bottom up but pajeet marketing is worse than no marketing

>>27747314

>>27766848
as much as you can comfortably get and hold

literally a scam, sold my stack at 3c

>>27765672
big part of the project is actually done lol what there are working on is porting it to solidity (putting it on the blockchain)

>>27766532
what's that? it's going on sale this month? based, I'll take 100k

>>27757013
That’s a meditation video

>>27769964
Still haven't heard anyone explain why

>>27769964
I've done no research but the branding fucking sucks, to the memes fucking suck, and the team is 100% Indian so I'm out

>>27771938
pajeets hiding behind a ceo that looks like he's 16

>>27771548
DYOR

REEEEEF FUCKING BRAHS UNIIIITE!!!!!

>>27766427
>my crypto doesn’t exceed taxable income
anon what. isn’t the sale of an asset always a taxable event regardless of income?

I'm retarded. Is this gonna affect us?

>>27772577
Yes you are retarded, that is a fake tweet.

>>27772577
>ERC-10
What happens when we get to ERC-0?

>>27771548
There's redflags because the project appears to be over promising and being too ambitious. They also mention a lot of different areas that are in vogue right now.
However they are also innovating and their solution is rather unique.

Its a very new and ambitious project. It could go nowhere or it could be huge. Worth a gamble from me.

iS 100K ENOUGH TO MAKE IT?

>>27773256
Won't happen, Reef is ERC-1337

>>27773306
nice brapper

Supply doesnt matter. XRP went to $3 with a 100 Billion supply

>>27773737
TRX went to $2 with tens of billions in supply aswell

>>27773306
I'd pay 100k reef to sniff her butthole

Where's the best place to store reef?

>Supply doesnt matter.
Imagine being this retarded