/biz/ - Business & Finance

>>29536442
already on our way back to $6
are we even capable of losing bros?

>>29536533
>Dubs
>Green ID
>Recovering

My comfiest hold

bought at 6.3, holding forever

>>29536616

good man, this is a long term hold for sure. EOY estimates, chadwicks?

>>29536442
Feeling great. Got more at $5.00

>>29536896
Jealous anon, I don't have any more capital (lol) otherwise i'd have bought this dip

oh? there was a marketwide correction? didn't notice

Fundamental value shines through.

>>29537096
always, even in crypto brah

Fucking love this token. Legit predictions eoy?

bought 9k at 6.20

panic sold at 6.04 last night

>>29537903
Classic.

I have faith in this token, but if ETH crashes BNT will crash with it as well right ?

>>29537903
should have staked so you wouldn't be able to panic sell

i will never chase another moon..... until next cycle
t. 3k staked and comfy

>>29538067
Eth already crashed from 2000 to 1400 while bnt slowly rose back up, it literally has nothing to do with it lol

Swung into a better position, feels good man

>>29536442
feeling comfy as 150 poorfag stacklet

>>29538667
literally me

>>29538214
What pool did you choose and how many bnt rewards?

so far 26 BNT in rewards and .943 LINK in fees

>>29536442
Alright i finally figured out how the IL protection works in v2.1. That FUD anon is a complete retard.
In short, when you stake the token side of a Bancor pool, the protocol mints new BNT and pour it into the pool as a co-investment so it’s taking some profit from the fees as well. However the protocol itself does not swallow this part of profit but instead it will be used as an insurance to cover the IL for liquidity providers. If the insurance is not enough to compensate the IL only then the protocol will give BNT for liquidity providers when they are unstaking.

>https://blog.bancor.network/bancor-v2-1-protocol-health-report-january-2020-83338c904de0
IL is coverable by the insurance at this stage. Even in the FUD anon hypothetic doomsday scenario it still beats genderswap and other DEX because the IL protection is 0% for those places. At worst you are just getting diluted BNT but Bancor itself still has its competitive advantages.

>literally has a backdoor access that allows devs to move, delete or print coins at will
>this is for "emergencies" only though goyim so dont worry

Look it up yourself before you shriek at me

Wagmi

just bought 2k bancies am I gmi?

>literally 25 bnc super stacklet
well, it could be worse i guess.

Couldnt buy more fellas I was locked up in nucypher. Big mistake I feel for the meme. Coulf be worse I could be holding tezos

>>29539028
How about you provide a source for your claims you fucking smoothbrain

>>29537042
kek. this

No price predictions? Always like to hear the communities thoughts

>>29539726
Realistically we should hit somewhere in the 30-60 range this year. There is no reason why we shouldn't, especially considering that Uniswap hit 30 and is basically like a shitty useless version of BNT.

>>29539726
conservatively $50
if alt/defi season went really well $100

>>29539796
My range exactly. Shocking to see Unishit pop up so high

>>29539866
Checked for $100

Feeling good bros. Was borderline suicidal yesterday but much better now

What /biz/ did not realize is the current TVL of Bancor is also counting the protocol minted BNTs. It sounds like kikes being kikes but it might actually be a good thing. The real locked-in value is more like in the 60% ballpark which means Bancor actually has more space to grow than other DEXes.

>>29540051
>was borderline suicidal
It never even reached my all in entry price.

>>29539866
if defi picks up and BTC is actually on its way to 100k i think we'll see well over 100

>>29540110
where did you find this info anon?

>>29540252
bought in at an average of 2.30. the market is crashing and i'm laughing

>>29540321
Miring. My average was about 4.60

>>29540300
The 60% ballpark is my personal estimation (user BNT vs protocol BNT roughly 1:4), feel free to do your own math.

>>29540051
>borderline suicidal from a couple of red dailies
ngmi

>>29540431
50% user tokens
10% user BNTs
40% protocol BNTs

>>29539028
as there absolutely should be in a smart contract DAO that handles billions of dollars of assets... stay poor

So what we do with our vBNT?

>>29540528
Nigger fuck off I went all in with my life savings.

>>29541429
you are literally not gonna make it, lmao. overinvested, overextended, over emotional. Can you handle your life saving going down 50%? 80%? Can you hold through that because you understand the structural problems of AMMs?

>>29541493
>>29541429

i mean so did i but watching my life savings go x3 has me pretty comfy

>>29541493
Can you tongue my asshole? Not selling until $50 nigger.

>>29539866
>>29540256

I think if Chainlink fixes Ethereum's gas issues (OCR, Arbitrum) OR Ethereum solves their own problems (unlikely) then yeah. No way BNT doesn't go straight past $100 if either of those things happen this year.

>>29542274
Yes this is exactly what I’ve been thinking. One of the downside of this v2.1 design it that people will get raped hard by the gas fee due to the complexity of the contract.

>>29542274
Arbitrum is launching in march. They have a working test net since early january.

>>29539654
OFFICIAL BNT GENERAL THREAD IS OPEN

>>29541493
Wrong. That's exactly how poor faggots have to gamble in order to make it. I literally threw in all the cash I had on hand at the start of the new year. I know not to buy high and sell low and so far that has been working out pretty great for me. Just survived my first $3500 "loss." A month ago, I barely had $1000.

>my portfolio 50% LINK, 25% GRT, 15% BNT, 10% BTC

>>29542801
Just don’t sell idiot

>>29540431
>>29540542
thats the whole point of liquidity mining I thought
shifting the BNT to actual users out of the protocol
eventually the protocol won't have any extra tokens and will only be minting/burning as needed with liquidity being user owned/DAO governed

>>29543794
I’m not complaining though. YouTube and Twitter fags would just use the jacked up number to shill Bancor while who’s in the know will know Bancor’s true potential.

>>29543104
I didn't . That's why I said "loss." It just hurt seeing my portfolio almost break into 5 figures and then it dropped almost 30% in a day. I still had a net profit, and I had no intention of selling, but it still hurt to see.