/biz/ - Business & Finance

>>28679747
Rubic is not a project you should be investing in long term. Reasons:

1. Market cap: $30M !!! For a swap exchange that has a really shitty UX and product, cannot be even compared with 1inch (used by Rubic primarily and has stellar product with $172m market cap and 8b monthly volume). With 98.4m circulating supply, reaching $10 is not possible in a gazillion years looking at this shitty product.

2. Usecase: Who the fuck wants to swap on Binance chain outside of Binance!? Also why the fuck would I use Rubic when I can easily get the best prices on 1inch, Uni or Metamask swap?!

3. Contant shilling: Pajeets scamming this board with stolen link memes just waiting for you poorfags to pump the price so that they can dump on you!

4. Inexperienced tech: Their dev team/tech is really inexperienced compared with dev teams of the defi world. Check the dev teams at Sushi, Aave, 1inch, YFI, CRV, Uni, SNX. These guys dont even stand a chance.

Worst part: The website was down for almost 2 hours which has happened 3-4 times so far (server load is a shitty excuse)! Imagine website going down during a swap.


That being said, yes the constant shilling on biz might pump the price a bit maybe but this is never a safe long term hold, because either you might get rugpulled or whales might dump hard and the price would never recover and you would be holding these coins forever.

So DYOR. There is no reason for you to use Rubic when there are literally 100x better products in the market

>>28679789
https://www.youtube.com/watch?v=5Tms_mIJjpY
MONEY MONEY MONEY MONEY MONEY

>>28679747
kissing goblins
embraciating goblins
having sex with a goblin
in bed with a goblin

>>28679789
There's a reason people often cite chainlink when talking about RBC - and it has nothing to do with similarities in the projects themselves (they are completely different), but more to do with price action and coordinated FUD. Back in 2017 I had over 4000 link, and i sold at 30 cents due to 4chan, telegram and reddit FUD. I'm never making that mistake again.

The last 3-4 weeks, RBC has had fake discord pics posted around 4chan and reddit. Fake Fiver ads doctoring pictures of the devs. The amount of FUD has been endless. Why? Because people want the price to drop, to buy in.

We also have a daily issue while crabbing between updates or announcements where the price is manipulated by whales and swingers. You can watch the same wallets dump when it's about to pass a threshold (today it's 40 cents). They bring it back to 34ish cents (along the uptrend support line), then let people buy back up to 39 cents, rinse and repeat. This serves two annoying functions: It causes weak hands to sell, and the whales accumulate more. It's annoying, but this will just continue to happen for another couple of weeks until we get in more exchanges, unfortunately.

During the panic sell of from 70 back to 40 cents last week, none of the top whale wallets sold a dime. In fact they have continued to accumulate. This is good.

Everyday we continue to grow in holders. Currently we are at around 6,150 or so. The Devs start marketing in Korea and China this week. We definitely need a more general audience invested into RBC, ones that don't read the 4chan fud. I'm very excited to see investors from other countries come in.

At any rate;

DYOR

>>28681195
WGMI rubichad

>>28680016
tell me how

>>28681195
Good redditor

>>28679747
My Rubic be doin some

>>28681270
>tell me how
dont do it
https://www.youtube.com/watch?v=9kAEoCHANYY

>>28680016
trump charging into a goblin nest with goblin vomit and slop all over it

N