/biz/ - Business & Finance

Historically, GRT is a pump and dump. Hate to break it to you folks, but it is. These are the facts. People saying it isn't, you're on the wrong side of the data. The entire market is being run by trade bots. Large GRT tokens have been already allocated to holders, way before GRT even hit the exchange platforms, because of testnet operations (before mainnet).

I estimate each token to be valued at 0.30-0.35 maximum until larger companies want to use it, which currently they don't, because it is too expensive too. ETH is expensive, in general, to use anyway.

With that being said, GRT is a utility token which means the price has to remain low for companies to even want to use it. It is just the way it is right now.

line go down

>>28747500
Counterpoint: sometimes line go up

Rubic was one of the most sophisticated scams of the last few years.

1/2

>>28747804
2/2

>>28747106
Craig is actually satoshi and has enough BTC to rugpull the entire market

>>28747106
tether is gonna be rugpulled aint it?

>>28747875
Are you hiring?

>>28747920
wtf am I looking at

XRP is a scam

>>28747875
Well fuck me I don't know if I can believe any shill thread on here anymore.

Reef's partnerships are surface level, they've barely got a prototype yet they've already hit 600k undiluted market cap. Imagine thinking that just becuase some projects you've shipped write a fluff piece of medium that it'll actually be used in the product.

What have we seen about the product? Nothing that would indicate anything new or novel is being made what would warrent it's over valuation or private token sale.

About that private token sale, these million dollar companies brought the token for fractions of pennies just to dump their bags on you for a x50 profit. Nobody can even agree what the circulating supply is and how many tokens have been dumped from the private sale. You're not safe from the team either since they've not chosen to lock up their tokens according to whichever schedule is supposed to be correct and simply deflects criticism by claiming that "it's subject to change" and "we'll release information when we have something concrete".

What about their vision? Well from what we've seen you'd be an idiot to belive that their product will make things "easier for the masses". Yeah right, like a team that can barely write a whitepaper and doesn't even bother to have all of their contracts properly audited can product something user friendly enough for normies to use.

But muh AI and ML. Yeah, what about it? There's barely any evidence that the team has any experience in this area and their model is for you to pay their wage for eternity as they sit around pretending to be data scientists.

>>28748038
Reef Finance is having a song competition. I wish I was joking. This pushed me over the edge to sell 60% of my stack.
https://twitter.com/ReefDeFi/status/1360247674159566849

>>28747875
source?

Rubic was one of the most sophisticated scams of the last few years.

>>28747135
I had to go get groceries and i miised GRT dip I want to die

>>28748154
kek god bless you anon

rubic fud
2/2

Lol. Insane. I'm actually not sure if I should be impressed or scared.

Seriously, WTF is up with Ethereum? Even the most shittiest of shitcoins are doing at least a 2x at this point. BTC can go from 30k-50k no problem... but what is it with Ethereum??? The entire market was crazy fucking bullish on ETH last month. YouTubers were making a crazy ETH price prediction video 10 times a day. "10k EOY" blah blah blah... but now its just sitting there, barely able to survive. I dont think its the fee issue cuz a lot of new retail aren't in the up and up about the goings on around the crypto space... so what is this things deal? Market suppression by whales???

>>28748174
>>28748241
together we will destroy Rubic. fucking hate those rubichads

welcome to crypto, baby. the market can tank after a whale or a country like China dumps their billions in Bitcoin. all other crypto-trading bots follow suit and a massive downward sell pressure begins. then all you normies freak out and start selling.....and the entire house of cards collapses. everything thinks "durrr number go up forever", and you're all fucking retarded. every last one of you.

you see, none of these cryptos fucking do anything. no, your Link token doesn't do anything and certainly not worth $35 fucking dollars. it's not worth shit. it does nothing. so what you have bought into was a ton of hype....and now it's all going away. you've been played. bye bye, baby.

>>28747731
For anyone who bought above $10, it's literally the amongst the top 10 worst performing cryptos of the top 100.

If LINK buyers (above $10) sold their LINK and bought almost ANYTHING else, they could have bought their LINK stack back 2 or even 3 times over right now.
What I'm saying is, anyone who bought LINK after $10 is quite literally the dumbest money in crypto. And those who bought it before $1 were the smartest money in crypto.

>>28747920
>>28748154
this FUD is too strong

>>28748154
>>28747920
YIKES

https://www.youtube.com/watch?v=POG68-SXIsY
https://www.youtube.com/watch?v=YPlkHGzpxg0

HBAR is centralized, closed source, and lies about its transaction speed

>>28748119
Its getting harder and harder to differentiate i find. Even for those who have been here forawhile. But if you prod enough you can tell.(look at recent ava fud and how ahills reacted)

>>28747135
It feels good to be the creator of this copy pasta. I wrote this on the graph facebook group. LOL

DEFI IS AN ELAVORATED SCAM

>>28748204
more avax fud

>>28747875
DELETE THIS!

Can we get an xrp Elon tweet?

>>28748444
lmfao.. nice trips

>>28748204
Lmao is this rubic? I love how the teams token amount gets exponentially bigger

>>28748263
I really don't belive in 10k eoy. It's not scalable, and too mamy cpmpetitiors out atm who have a promising future of dealing with the issues eth did.

>>28748651
no it's something else, i'm not really sure though

PRQ tokenomics make no sense, especially since if you're paying for their centralised service. The founder is supposed to be some kind of genius but all he does is post pseudo intellectual algorithms questions to his loyal community who can barely figure out how to use a Web 3 wallet.

What about the partners? Oh you mean those that aren't even buying the tokens and just paying Parsiq in normal money? Yeah, forgot about that didn't you, imagine investing in the worthless token of a startup company and at the mercy of their success without any recourse as you don't own their shares so have no voting power.

>>28748651
>>28748742
Avax. Unfortunately this is what most shitcoin tokenomics look like these days

>>28748982
Ahaha thats right. Jesus christ, it amazes me how much shill campaigns pay off.

>>28748211
Its still massively dipped high risk to buy in with eth still dumping

>>28748524
Dude, that's such bullshit... the fud against avax was unreal. This was not the work of a few bored anons. It was a relentless assault for a week straight, clearly coordinated by the same fags on every thread.

>>28748351
Most cryptocurrencies are just a mechanism to further the wealth divide. Fair distribution, no premine, locked funds. These are all buzzwords to try to trick you about the truth, Bitcoin is just a speculation medium for the rich and powerful to get richer. Even a basic comparison of the rich list today and a few years ago will show this.

Who can afford to invest? The (((rich))). Who can afford to mine? The (((rich))). Who can afford to fund the he development and buy out a large proportion of the production of a silicon manufacturing company? The (((rich))). As your measly $10,000 grows to $100,000 so will their $1,000,000 grow to $100,000,000.

For coins that are mined they own most of the hashrate. For coins with staking they own most of the stake. For the smaller tokens they are the private investors, funding shitcoin after shitcoin and slowly dumping their bags without you noticing for an easy x100.

Bitcoin and other cryptocurrencies have become a medium for them to avoid taxes and accumulate more wealth. Why do you think there's such a push for proof of stake? Who really benifits?

>>28748982
>>28749109
You can see it with these two here. The feigned incredulity is their tell.
>Oh my, anon, to which token does that chart belong?

>>28748301
If it’s just a scam wont they destroy themselves? Couldn’t you just sit and watch and laugh?

>many of us anons theorized that the next bull run (the golden bull run) would be golden because things within the space would be so much better.

HAHAHAHAHAHAHA imagine actually thinking that what type of low level IQ mongrel do you have to be? anon, this is crypto, sketchy magic internet coins to scam people out of their actual money. over 10 years and 5000 different scamcoins and "currencies" later and not one single usecase has been establisehd by this oh so revolutionary tech, besides buing illegal shit of the darkweb and tax evasion of course. and there's a coin for that, it's called monero, literally the only coin in crypto that isn't a scam.

>>28749523
>>28747875
>We immediately reply to FUD

>>28748982
>>28749109
>>28749728
>Multiple proxies are used by our team which generates a new ID when we make a post. By using these proxies and multiple IDs to communicate with one another, it becomes almost impossible to tell the difference from an actual conversation.

Goes both ways, shit for brains

>>28747920
>>28748154
>tfw bought REEF at 0.05
i probably deserve this

>>28748263
Etherium, with 2nd mover's advantage has caused the stagnation of the entire cryptocurrency space. It's infinite supply and currently no deflationary aspects prints $50M every day at current prices. Whatever price action it makes is always going to be competing, climbing against it's infinite production.

You say fees aren't an issue but consider what's really going on. Blocks don't contain transactions performed by you or me, with the advent of defi they're full of bots. Bots performing arbitrage between AMMs, bots frontrunning other bots, bots spending gas fees to gain gas tokens and the like.

Now consider the whales that run these bots, for them it would be benificial if the price of ethereum (and therefore gas) stayed low compared to the price of tokens as that would maximise profits.

Anything other than BTC is a literal shit coin.
Here we have the shit coin in its natural habitat, with its pathetic attempts to mirror the chad BTC.
Armed with many facades, the shit coin will attempt to lure you with tomfoolery, projecting promotion and success with promises that it's revolutionary concept will turn the tides of war.
All this is not to be taken at face value. Your coin IS shit and will likely fall of the earth after this bull run, for it's own good.

>>28749514
Stopped reading when you said fair distribution.

>>28749884
>>28749728
>>28749109
>Multiple proxies are used by our team which generates a new ID when we make a post. By using these proxies and multiple IDs to communicate with one another, it becomes almost impossible to tell the difference from an actual conversation
No, u

>>28749884
Good thing j only put 100 bucks into it
>>28750015
Eth had the benifit of first mover advantage. If it came oit tofay as a conpetitor it would be laughed out of the board.
>>28750110
Are you me? Or am i you?

>>28750018
Trading alts is quite literally my job, but I agree. They're all fucking shit and just another way for smart money to accumulate more BTC.

>>28748375
The thing about this take is that Link performed excellently during the bear market and is still continuing it's trend against bitcoin. It may not have performed as well as other cryptocurrencies during the bull run but it remains as the most negatively correlated when it comes to price.

shut up faggots

Avax doublespend
Ada useless vaporware 4 years no product
Eth gas fees
Btc bubble
Grt two cents
Ltc boomer coin
Bcash bcash

>>28750018
BTC is the ultimate shitcoin. It bends over backwards to chain analysis, can't even fulfil most of it's original paper as an currency do instead holder's have pivoted to parroting "store of value".

Yeah, which store of value have you seen that dumps 5% in an hour just becuase some corpo tweets? Which store of value relies on a singular for it to function? Which store of value can be tainted just becuase it was once used to buy drugs years ago?

Lighting, lighting I hear you say. Yeah, you mean that centralised piece of shit that's still unsupported by the majority the of community? How about the fact that the repo was brought out and now owned by a company that sells it's proprietary L2 solution? The fact that the community split in half becuase miners are greedy and didn't care for the community? What about the fact that 10% of the hashrate is enough to begin censoring blocks?

I mean come on, what does bitcoin really have going for it apart from being popular?

>>28747875
>We immediately reply to FUD with powerful and convincing arguments.
Lmao, they probably just have "kys pajeet" on ctrl-v at all times.

I sold my link bag since I bought it at the top. I'm sure you long holders are fine.

Fantom = Scamtom

The fact that every single rubic fud is certifiably fake makes me even more bullish on it

>>28750015
And what's happened to ethereum lately? Stagnation.
It's become the "legacy" smart contract chain akin to Internet Explorer the legacy Web browser.

Most of the talent has moved to their own projects where we see actual progress and development. It's community can't even agree on token burn becuase miners want money.

According to the timeline scaling is years away yet other projects already work. What's really going for it apart from the few good projects running on it that are hampered by it's insane gas fees?

>>28751149
no. rubic is fake as fuck and is scam as fuck. fuck your pump a rum

>>28750038
No one asked, go suck on your dom's toes.

ASKO and ID are the current flavor of the months that could be something legit but are hampered by clearly poor leadership and dishonesty. Let's start with ID

ID was clearly a project at some point. There's proof of it going back several years and it has some connections, though Anons get confused what those actually are. There's basically no proof of a team besides Bob and every decision made seems like a deflection or excuse. Does anyone honestly believe that they couldn't give you a whitepaper because of Malta and then suddenly there it is? Looking at the past team, they've all moved on to other projects. It seems like it fell apart and Bob needed funding so Bob re-launched with what he could. Is it a rugpull? I don't think so, though the dev wallet is the one holding everything instead of some intelligent system. However, there's obvious overpromising happening when the most simple of shit is wrong. Oh, and people not reading clearly what the plugs like AAVE are actually saying when they "partner" with ID.

Then there's ASKO. It was very, very clear the devs were lazy fucks because of the original website/whitepaper. It was insultingly bad, but /biz/ gobbled that cock and surprise surprise, you got something that should have taken a day of work and is barely functional. Yet others are supposed to trust them financially? You retards.

>>28747804
>>28748241
>>28748301
>>28748651

Ah RBC, the same team behind NEO producing a product based on the old order book model.

There's a reason that DeFi only took off when AMMs were introduced one can only imagine the team was brain dead enough to try to ressurect a failing product. Other than that they've literally not innovated at all and rely on 1inch (and thus uniswap). So far they've promised something novel and delivered the same thing everyone else has built.

Now that the pump is over its just sad to see the number of anons who still believe in the project. I'm hoping they're paid shills.

>>28750875
>which store of value have you seen that dumps 5% in an hour
Which store of value have you seen that gets predictably more valuable after every cycle?
>what does bitcoin really have going for it apart from being popular?
BTC had the advantage of being first, with the rest of the bunch in its wake, pathetically trying to catch up.

>>28751583
completely agree anon. What are some lmc alts you truly believe in?

>>28750875
>what does bitcoin have going for it besides being popular.
Not much besides the novelty of being first.

>>28751949
>Which store of value have you seen that gets predictably more valuable after every cycle?
None, hence it's not a store of value. Call it a speculative asset.
>BTC had the advantage of being first, with the rest of the bunch in its wake, pathetically trying to catch up.
Bitcoin has had 11 years, let's see what these other coins are like 11 years after their release.

>>28752004
There's really only one right now. AMP. I think there are others with great visions and passion (stuff like ADA), and ones that seem like they have great usecase, but AMP is the only alt that I've seen where the team seems... qualified for what the project is trying to do.

>>28752704
Looks interesting but 1B total supply..

>>28752914
It's a long-term hold for sure.

Started browsing biz a few weeks ago. Rubic is not a scam, but boy is it a shitty and unorganized team. Does Graph have a particularly high level of fidelity or is Rubic a literal shitshow?? Can someone actually level with me. I'm not an idiot, just new to this

>>28753565
someone tell me im retarded already so i can justify finishing the swap from RBC to GRT

>>28755068
Don't buy too much of either, play it safe. In case of rubic because it could go sideways and in the case of grt because it will go sideways for sure before ever recovering

ASKO reminds me a lot of payfair. Which was abysmal in the end. Shitty little team, some ok marketing/comms and a lot of shills. Stay the absolute fuck away from ASKO, I can guarantee you it’s going in to the dirt within 6/12 months absolute max. Take a look at their ‘hyped’ website if you’re on the fence - it’ll tell you everything you need to know about that scam.

>>28755151
The other option I have is to move RBC to ETH and watch GRT. I believe in GRT, i fell for the hype with RBC. The team is not going to do anything significant

Notice how you don't see algorand FUD

>>28755688
I got some fresh FUD for you sir straight from Mumbay bakery

>down $0.50 in less than 48 hours
>still believes in the jews at MIT to bring him out of his shit job at wendy's
how's working the cash register these days?

>>28756618
>He doesn't know
>Glowies know

>>28757117
kys glowie
go suck off a tranny