/biz/ - Business & Finance

When i wrote this post the price floor was at 17k and now its at 12k
Litterally 2 mins passed
Do you like losing money, anon?

>>2821967

i've loved watching this fall. it's like a doomsday clock for the shills.

Started watching at 100k, lthat was only 2 days ago hahaha

>>2821967
>>2821988
>>2821992

BNT follows the ETH price you retards. It can only be similar or WAY above ETH.

>>2821999
k
BNT will do just fine...

>>2821999
Kek this as long the price floor stays there
Yesterday there were 90k eth to ensure the price floor, today just 12k, once it will be gone there will be nothing to tie bnt to eth and it will fall hard
Do you like losing money?

>>2821967
sold all my bnt yesterday the pricefloor will go down today.

no fud or anything but the price WILL go down. Be warned guys

>>2822004
yep, I have $40k worth of BNT, $50k worth of ETH, $60k worth of ANS.

I made $500k off DGB and RDD, still have $100k in DGB, $30k in RDD, and the rest (besides BNT ETH ANS) went into BTC. I own some other shit coins but they are probably irrelevant and I simply gamble on them.

The moral of the story is kys you forever poor faggot with your Bancor FUD you filthy no-banc.

>>2822019
Man do you understand that bnt does not just follow eth? The reason behind it is the price floor set on their website, once it will be depleted we will see a bloodbath
You have been warned

>>2822019
thats nice for you´but shortterm bnt will tank once the pricefloor goes down. I am all with you that bancor will be a longterm play but right now shorting seems the best option.

>>2822008
Can you show me where to see the balance in this reserve? pro tip, there's still 90K in it.

What a piece of shit this has been

>>2822054
https://www.bancor.network/bnt

>90k

>>2822054
You actually disabled or just that fucking delusional?

https://www.bancor.network/BNT

Look at it yourself fucking moron

>>2822054
lol you mean 12k
sell now and buy in 20% cheaper today.
thank me later.

well,

I sold half at 0.014 eth

and the rest at price floor

so a 20% gain

meh

>>2822019
Nice LARP anon,congrats on buying the first failed ICO

>>2822039
Stop using the term "shorting" wrong you fucking idiot holy shit

>>2822093
SHORTING YOUR MOM ON THE PRICEFLOOR OF BANCOR

>>2822109
see >>2726794

I really don't understand why this is hard for you retards. Shorting does not mean "selling a long position"

I think someone with an 85 IQ could figure this out, or maybe a very well trained chimp. But not you, for some reason.

What do they mean with

>NOTE: The price floor buys back BNT at a fixed rate of 0.01 ETH per 1 BNT.
Liquidating BNT through the smart token may yield a better conversion rate.


How is this different from just using the token changer?

>PRICE FLOOR REMAINING: 10.29K ETH

yeah fuck it, i'm out. been holding since the ICO but this is ridiculous.

I advise everyone to as well, this isn't FUD, this is calling as I see it.

>>2822140
What are you talking about,shorting means shorting.Nobody thinks shorting means "selling a long position" except for yourself.
Congrats,you projected onto a strawman
They used the word shorting as BNT's price will fall and they want to earn money from the price fall

I've been eroding the price floor for fun :^) get ready for free fall shabos goys

>>2822167
>What are you talking about,shorting means shorting.Nobody thinks shorting means "selling a long position" except for yourself.
You used shorting for a coin that isn't traded on margin on any reputable margin exchange, therefore it cannot be shorted.

>They used the word shorting as BNT's price will fall and they want to earn money from the price fall
that's not what shorting means you fucking idiot, shorting requires a lender and a borrower of shares

holy shit why do you retards always prove me right?

>>2822167
>shorting means shorting
Well I'm convinced, thanks Anon.

>>2822185
Can't wait to watch the LARPer cry as his """40k""" worth of BNT falls even further below the ICO price

>>2821967
>Be whale
>have lots of BNT
>want to buy more for cheap
I'd sell it all for some nice ETH, then scoop it up when it's cheap and way below the price floor

How is this not obvious?

>>2822208
Np we will be buying his 40k for a couple of bucks soon

8.33K left

>>2822195
>Shorting requires a lender and a borrower of shares.
You mean a broker,you are a huge retard,I already knew that.Stop trying to tell me what I already know
>Not traded on reputable margin exchange
>Cannot be shorted
Just because its not reputable doesn't mean it cannot be shorted,dimwit

Well boys its at 8k
If you are reading this and still hold bnts consider yourself lucky that you still got a chance

>>2822227
Some people are too far to be saved.They are literally in cult mode.

Serious question for the current bagholders: your price floor is rapidly decaying. When it finally is eroded, do you actually think the price is going to stay at the floor, without a contract to support it? Why don't you think it's going to drop like a rock after being artificially propped up for so long?

>>2822227
It dropped another 1k not even 3 minutes after you posted.

>>2822224
No retard, shorting requires a margin account and a borrower/lender of coins, not just a fucking "broker"

you retards ALWAYS prove me right when you say "shorting is the same thing as selling before the price goes down!!!"

holy shit lmao

6k...guys, save yourself let reddit take the losses

6k left its almost a countdown to the crash something never seen before LUL

>>2822255
I never even said shorting is the same thing as selling before the price goes down,you made that up yourself

5.69K

>>2822255
I'm saying that the broker lends the shares

under 5k eth left

>>2822275
LMAO another 1k gone in a minute

4k kek

Wew just sold my bags too

GET THE FUCK OUT NOW

>>2822277
hahahahah find one broker that will lend you bancor shares idiot hahahahahaha you are so clueless with your backpedaling

>>2822316
I'm proud of you guys,on this day,you finally let go of your bags and got a realised loss.
Time to move on lads

Where is the faggot posting 'bancor is literally unstoppable' everyday

>>2822093
how about you learn to read

how low will it go? got 10 eths ready

>>2822320
Anon,that's what I've been saying the whole time.How dense are you lad?
The broker doesn't care for shares,they care about commissions

3K,FUCKING MAKE A RUN ITS GONNA BLOW LADS

3...2...1... sell off

>3.13k

WEEEEEEEEEE!

3.11K
getting the popcorn

Fuck me....ran out of gas when I tried to get out....had to scramble to get more ETH into my MEW

just made it out in time boys.

>>2822331
you type like a pajeet and you use the term "shorting" wrong

kys

>>2822356
Why did you get ETH,you should change to fiat,the dip is coming

>>2822361
How is the term wrong?Shorting means borrowing from a broker and selling him it back to him (at a hopefully lower price)
quote me otherwise

I like how bancucks cope and still try to pretend they are fine etc. I'm glad you reddit niggers lost money with it. Kinda sad because it's more money in jewish hands though.
You could have literally bought it all on bitbean and you'd be better.

You chose this fate retard banclets. At least you can say you arent antisemites since you donated money to kikes.

https://www.youtube.com/watch?v=9jK-NcRmVcw

1k
You still have time

1.86K
what will be the true floor?

>>2822378
>They used the word shorting as BNT's price will fall and they want to earn money from the price fall
my retarded pajeet brainlet friend

Holy shit im glad i got out just in time.

Might buy back when the bloodbath is over though.

https://www.youtube.com/watch?v=O5zGkqAWsWE

>>2822385
Bancor hasn't lost 60% of its value over the last month like Bitbean has, though.

Not that I think bancor is a good thing but still, Bitbean is equally garbage.

>>2822424
40% ICO, then we buy back in

>>2822424
I'm guessing it's going to go slow for the first minute like -3% every 4 minutes and then spike to death and rise a little bit back to 6/10 of the current price. Then it's going to go constantly falling forever.

>>2822431
can you just die already, nobody cares but you

>>2822431
Yeah,and shorting potentially earns you money.How am I wrong?
I admit,I thought BNT could be shorted until you informed me otherwise.
But I got the definition of shorting correct

>>2822446
You know that you could have been sprouting, right?

>>2822450
pajeet identified

>>2822457
>But I got the definition of shorting correct
HAHAHAHA this damage control, i feel bad for spoonfeeding a retard like you

1.49k left

>>2822487
Well,I know I'm right,but if you'll shut up then I'll pretend I'm not from Germany but from India just for you

Floor was 0.9k and now its 1.1k.

the fuck.

>>2822496
Don't worry,just a single whale will fuck the entire thing up.
Its literally hanging by a thread

>>2822496

Pure coincidence goyi- err, friend!

not selling my precious bancs. fuck your price floor, price floors are for faggots.

>>2822487
I'm shorting bnt tho, and you're not. who's the pajeet now?

>>2822528
Will be buying your bags when they are worth 0.50

GET THE FUCK OUT NOWWWW

IT'S OVERRR

1.2k ETH remaining

>>2822528
Well,thats your own decision.Just don't be like DGB holders and post your shitcoin threads daily

Why do you all consider the floor a failure? Presumably everyone unhappy with the ico was about to get out? It only exists because people complained

>>2822528

>getting clearest possible sign the price is about to fucking tank
>could not be any more clearer that it's time to sell
>literally free bancor if you sell now and buy back in

You're a goddamn idiot if you miss this.

1.1K
lel, if the price floor holds here..

>>2822579
There will be some losers in crypto,just like in life.Ignore them lad,let them cry

>>2821967
Scapped this bloodbath at 1k floor.
>Feeling sweaty.

>>2822586

Its been there for 10 minutes already. Something fucking fishy is going on.

under 1k NOW
LAST CHANCE TO SELL

>>2822606
(((982 ETH)))

only have 40 of these so i'm gambling on what will happen once the floor is wiped.

IRON HANDS BABY.

>>2822644

What will happen? Why on earth would the price pump? There is just no reason.

how many eth were in the floor on day 1?

>>2822644
You will be able to buy back like 500 with the same money if you sell now and buy later

>>2822655
The reason is that they will actually be valuable now that Bancor won't just buy them back, you fucking idiot.

>>2822662

We'll see whos the idiot after 2 hours. I'll be buying back in a couple of days after the bloodbath. Enjoy your 20k loss retardo.

>>2822655
free market instead of manipulated. most likely it will drop 20% right away then settle and move its way up past the .01

the .01 is actually holding it down just because of the availability to trade.

>>2822658
19,000 iirc.

>>2822651

You're fucking retarded and a coward if you don't sell now.

Remember, takes 400% gains to just recover a 75% loss :^)

>>2822662
Nah man they were valuable just because you were sure Bancor will be buying them back, now everyone is going to panic sell their tokens

Lol this shit is about to pump like mad once the price floor depletes.

hf >>2822662

"at current speed the price floor contract will be history today while it was planned to last like 2y. Do you intent to take further actions to stabilize the price somehow? @benartzi"


1 reply
benartzi [1 hour ago]
No.

>>2822674
huh? it was like 240,000 eth dude

>>2822674
...it was 67k yesterday lmao

>>2822687
Just checked, you're closer than I was

117K. ETH

https://blog.bancor.network/price-floor-in-action-and-as-a-solution-ffa717ca906e

>>2822669
mad? maybe if you were able to make more in crypto you wouldn't freak out about such minor events

>>2822684
you miswrote tank my friend

Comfy thread. Reminds me of the Oroville damn threads on /pol/ earlier this year. What happens when the price floor reserve runs out?

>>2822705

You truely are the best goy

>>2822714
Oblivion

>>2822702
oh okay cool

632.89 ETH REMAINING

pfew, got out just in time, was panicking out since I'd never properly set up the contracts.

I feel good not being in business with the jews anymore, from now on I will listen to pol.

>>2822745
Woah buddy. I wouldn't go that far.

I just enjoy staying here with you anons to witness the biggest bloodbath ever in crypto's history

(((462)))

Why is it taking so long to finish... come on, where's the blood.

>>2822826
452

>>2822844

All the non-retards got out already, it's just being arbitraged away now

>>2822798
it's just the way I feel, you can try to convince me otherwise, I'm not trying to offend anyone

>>2822798

>>>/r/eddit

94, its over boys

There's less than 1k ETH in the price floor contract. Let me tell you what has been happening since the ICO:

Big funds have been buying up all the BNT on the exchanges and selling it back and forth to themselves to depress the price to exploit arbitrage opportunities from the price floor contract. When the PFC runs out of dough, Bancor itself will own 51M of the total supply of 79M BNT, and they will not be in a rush to sell.

What this means is that less than a third of the total supply of BNT will be available for trade on exchanges. And that the people who were manipulating the exchange price no longer have any incentive to do so. Therefore the price of BNT will moon. Supermoon after the Bancor team releases news of some hot new partnerships and a usable beta here in about 10 days.

When the price floor contract expires, you WILL NOT have an opportunity to buy the dip. People are selling their BNT thinking that after the PFC expires the price will collapse further and they can just buy back in to increase their positions. This will not happen to any significant degree. You may be able to buy some BNT at 0.0098 before it moons to 0.02, but that's a bout it.

Bancor is going to be the "YouTube of currencies" and you should test out their demo to get a feel for how incredibly transformative this will be to societies around the world https://app.demo.bancor.network/

Anyone can create a currency with continuous liquidity for any purpose. Anyone can tokenize and exchange any asset whatsoever. Bancor is the biggest investment of the century, and you only have a few more hours to buy in at the ICO price of 0.01 before it moons and never looks back.

I just made an early withdrawal from my mining pool to buy a few dozen more BNT at 0.099.

>>2822900

Bye retard

>>2822900

Nice copypaste.

>>2822900
I'll buy your bags, at 0.005 don't worry pal.

>>2822900
Kek we are not saying BNT is not a good investment in the long term
We are saying that RIGHT FUCKING NOW everyone will dump their coin and buy back at a lower price because the price is being kept up artificially
Enjoy your losses retard

Bittrex buy walls are being pulled

it's gonna be a freefall

>>2822900
>implying anyone wants to own this jewcoin
nah

9 eth
NINE ETH
EJECT SELL SELL SELL

Aaaaaand it's gone

NOW IM FREEEEEE FALLLLIN

>>2822923
we'll see who's the retard, retard. lmao.

9 ETH now.

Here we go boys.

Engine failure engine failure
It's going down
BRACE BRACE BRACE

>>2822900
shit I'm going back in, just bought 10E5

BUY BUY BUY ITS MOONING ANONS

>>2822946
>>2822949
>>2822962

Bancor is mooning on Bittrex you retards

let's take a moment to remember all those shills saying "the price of BNT will NEVER go below 0.01. It's literally impossible!!"

>>2822986

>Price under 0.01 ether

>Mooning

AHAHAHAH hope all you faggots have fun with your bags. oopsie false alarm

>>2822986
Because you can currently buy it and sell it into the price floor for a profit in eth.

WHICH IS THE WHOLE POINT OF THIS THREAD, the only value it current has is the arbitrage from people buying it on bittrex to change to eth in the price floor which is now about to disappear. Now bnt has safety net value, it is worth whatever people are willing to pay for it which is going to be a fuck ton less than 0.01 eth.

Fucking moron

>>2822986
>mooning

holy lel, we can look at charts too kiddo

Anyone who sold failed the test. Iron hands only. Also always do the opposite of what /biz/ says

>>2822986
No, it isn't you ass.

https://bittrex.com/Market/Index?MarketName=ETH-BNT

https://bittrex.com/Market/Index?MarketName=BTC-BNT

>still showing 9 ETH in price floor

the fuck

enjoy the bags

>>2823013
TOP KEK. iron hands is a fucking meme you cocksucker. have fun with shyster bags 4 life.

>>2823013
I'm holding.
Holding my ETH, at least that still has some value.

Real talk? Once it tanks I'm going to buy a shitton of it once it tanks. It's going to have a rally at some point due to some news thing at some random point in the future.

>>2823005
let's wait and see faggot lol

>>2823010
then you are blind, bnt is prepping for a moon mission

>>2823028
Haha holy shit how fucking dumb can people be? A single whale can literally scoop up all those BNT in one go and drive the price up, make a sell wall and fuck all you nobancs so hard up the ass when you buy the FOMO

>>2823013
u ok?

>>2823047
A single whale can do that for literally any coin. Why don't they? Because it's not profitable.

>>2823063

IT
WON'T
STOP
CAN'T
STOP
CRASHENING

>>2823047

You banc fags are sad, you're all smoking hopium because you can't accept that the jews screwed you. You'll still be clinging to your fleabitten banc bags when it's worth 50% in a few days.

bancor dev support here. it's fine guys don't panic.

Why hasn't the reserve gone to 0 yet? I'm getting blue balls

>>2823043
Anon I really am sorry you are this retarded. You had the evidence right infront of you and had enough warning to get out before this shitshow collapsed around you. Yet you still are defending this shitcoin.
Some people just cannot be helped

>>2823093
shoddy coding I reckon

holy shit its crashing HARD on bittrex

because of the smart contract, the price moves up or down at a steady pace. not sure why you would want to hold bags now, since the signal is clear that it will slowly tank. if you're worried about it mooning you can easily buy in again if the price slowly recovers.

>>2823093
it cost extra to program that. we still haven't paid for what you see.

>>2823093
They are lying. They are propping it up or the value isn't updating anymore. The floor is either gone or they are dumping ETH to support it but it isn't updating.

everyone sold their antshares before the moon in june. when the moon came everyone bought high sold low. the only ones that will succeed are those who buy bnt now and put a high selling point and wait.

SEEEEEEEEEEEELLLLLLLLLLL REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

There's literally one dude trying to sell his 1 BTC worth of banc on bitrex

4 ETH LEFT

-0.13 ETH remaining, holy fuck kek

IT WENT NEGATIVE!

>-0.13 ETH

>>2823137
lol never seen a depth chart like that

DOWN
THE
SHITTER

>bids on Bittrex start at 0.007

WEW

down to $2 already on bittrex

It's over goys

fucking kek at all the sellers just now losing there shit

>>2822019

HAHAHAHAHAHAHAHAHAHA

https://www.youtube.com/watch?v=1lWJXDG2i0A

it's mooning guys

WE UNDERWATER NOW

still good arb opportunities Bitteex -> smart contract

>>2823089

>now it will COST you to liquidate at price floor goy!

>>2823186
the smart contract is empty you fucking faggot

> ups and downs are apart of a healthy market . There is no point in always imagining the worse case scenario and fear monger

placed an order below .0080 btc...ya think it will fill?

>>2823194
you mong...you can still buy and sell via smart contract, just not w/ a 0.01 ETH price floor

>>2822900
>once the prices stops being artificially inflated it will go up naturally

really really REALLY made me think

>>2821967

http://104.131.160.52:3000/

FREEEEEEEEEE

>>2823210
Placed an order at 1 satoshi, it will probably fill

RIP PRICE FLOOR

RIP BANCS

told u

>>2823171
no excuse to be holding bags on this, dont know how you could get a more clear signal to sell bags than into a price floor that was about to give out

bnt is the new dgb now

>>2823174
What's so funny? literally nothing has happened yet except tightening of coils in preparation to moon. faggot.

I bought DGB at ATH, ANTS at 11$, strat at 9$, and now im holding these sheckle bags. FUCK YOU ANONS BIZ FUCKING SUCKS

>price is actually going up

Non bancucks btfo

BNT literally mooning as we speak.

>bags
I see none of you tried the demo or see what this could become with the changers. Oh well.

>>2823290
Mooning _> is the new tanking lol sell now idiots price will go down further as people finished arbitrage the 10% price difference from bittrex and contract. get fucked.

I thought it's going to 70k and I missed the dip REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>2823307
it will dip even harder people busy arbitraging to the contract now to make moneys

>>2823251
people made a lot of money off dgb, it mooned hard

bnt made no one money except bancor and never mooned past 30%

>>2823294
Keep it up anon.
Those kike dicks wont suck themselves.

>>2823398
>Jews playing both sides
Typical snakes

thank god I god out now price will go down atleast 30% from here. goodluck to all the holders with their jew scam

>>2823300
but BNT is literally mooning as we speak, can you not read charts?

>>2823446
you mean getting arbitraged 30% down

Hurry up and buy buy buy bancor is mooning rn

>>2823470
>15 posts
>trying this hard

why? is it because you're a nobanc faggot and should kys?

>>2823489
kek

>>2823489
fuck I wish I could read hebrew

>>2823489
It bounced back instantly. Some people bought really cheap Bancor 10 minutes ago.

>>2823543
ye because people realize they're idiots and can sell through smart contract

>>2823490
because I enjoy watching you idiots crash and burn losing your money

>>2823582
is it because you have no money and want people to be like you? Obviously a rhetorical question. Btw no price change kys filthy no banc.

>>2823748
just kidding I filled my bags with some extra bnt.
Missed the big dip tho.
Thanks for the cheap bnt idiots
t. 7k bnt bagholder

>>2823748
>no price change
Indeed, no change so far. They bid walls kept the price stable. Buyers are waiting to see what happens. I think it will take a while before it dips again.

>>2823865
I knew it... When /biz/ tells you to sell something it's because it wants to buy it cheap from you.

Thanks everyone for the cheap Bancor as well.

>>2823882
works everytime.

>>2823865

7,000 BNT? Dude holy fuck. Am I the only one impressed by that?

go go go drop to 0.005 plz. I want another 1.5k so i have 5k bancs.

>>2823924
dont worry it will become more.
soon gonna hedge some bnt with stox

>>2824049

What's your mentality? Why have so much BNT?

>>2824099
It will likely go up in the long run. And now it's getting scarcer. Thanks to cucks who sold their BNT via smart contract, there isn't a lot of Bancor circulating in exchanges anymore.

Also, contrary to popular perception, the price floor was holding the price down. Most people think of price floors as keeping the price from falling, but that's based on a misunderstanding of what a floor does. Floors keep the price down since they 1) reduce price volatility, and 2) discourage buyers from jumping in and buying the dip (because there's never dips when there's a price floor).

I've been telling cucks about this for days, but no one listens to me. That's why I have a PhD and you don't. Full disclosure: I'm hodling some Bancor.

>>2824099
Because BNT will be worth a lot in the future.
Some people try toa ccumulate as much btc as possible.
I do the same but with BNT.
They have huge connections and a big vision with a potential trillion market so I accumulate as much as possible before the first real products come out.

>>2824144

I have 12,000 DGB.
and 4000 CFI
and 3 BNT.

Would it be smart to go all in on BNT? I feel like I can trust you.

>>2824176
m8 even if it is you need to do your own research.

>>2824176
>12k DGB
>I can trust you
>/biz/

kek

>>2824176
I can't tell you what to do. Never 'go all in' a single coin. Yeah, I think it's worthwhile to get some Bancor right now, but you have to think about long term gains. It can drop a bit in the coming days. Then it will potentially rise steadily.

DGB was probably a mistake. I think the price will take a while to recover, if ever. There's nothing special about this coin, so there's no intrinsic value to it.

I haven't been following CFI, so I can't tell my opinion on it.

>>2824202
This.

>>2824176
>>2824144

how do you expect to make money on bancor? yes, it increases the liquidity of ethereum network tokens and that's a nice service to provide. But how does that make it lucrative? It will forever be tied to the average value of the token market cap (with a slight bump due to the liquidity factor)

It's basically Tether backed by the token asset class instead of usd

>>2824278
>how does that make it lucrative? It will forever be tied to the average value of the token market cap

That's why it's potentially lucrative. The average value of the token market cap will likely go up.

I'm not 100% convinced that Bancor will succeed, to be honest. It's a bet. The service they'll provide is useful. If I need to exchange coins, I'd much rather use Bancor than Bittrex because 1) you won't have to bid, 2) coins will be exchanged instantly, and 3) there's no spread. Any coin that's providing a useful service and is scarce will likely go up.

Another reason to invest in it is that they have a decent team and (more importantly) excellent PR and connections.

Half of the supply is locked away for 2 years now which makes every bnt much more valuable if the tech delivers.

>>2824385
>Half of the supply is locked away for 2 years
Correct.

LET US BRING THE PRICE DOWN

>>2824610
Dope, what makes you think it will go that low? My target is 40,000.

>>282478 will go down another 20 % now