/biz/ - Business & Finance

Just hold retard

>>50110920
use the opportunity to buy more.

>>50110980
yeah no thank you ive suffered enough

as soon as we get relief rally to $20 im dropping this shit like the plague

>>50110920
>The stories and information posted here are artistic works of fiction and falsehood.
>Only a fool would take anything posted here as fact.

>>50111008
not gonna make it

>>50110920
>he doesn't already have several passive income projects generating avax daliy

ngmi

>>50111025
most people just buy coins on centralized exchanges and then just hold and do nothing with it.

>>50111025
Oh you mean like staking it at Celcius for 10% returns?

yeah great idea

>>50110920
>ETH Killer
are you sure we said ETH? I think it was SNEETH

>>50110920
your first mistake was buying the top
your next mistake will be selling the bottom
thanks for playing

>>50110920
>>50111008
So this is what they mean when they refer to most people losing money in crypto
Sad yet funny

>>50111045
>doesnt know that there is a difference between DeFi and CeFi

>>50110920
Taken from another thread.
If you bought this PajeetCoin you're a fucking retard.

>>50111337
Stinkies schizos really think everything is about them, sad!

>He paid $140 for Avax

>>50111008
Then you're an idiot. It's going to $5k and is literally one of the only things worth buying in this market.

>>50111456
How to tell everyone you're from Mumbai without telling everyone you're from Mumbai.

>>50111008
>relief rally to $20
boy oh boy are you in for a surprise!
https://99bitcoins.com/deadcoins/

Dubs and it rally’s to $30 by eom

>>50110920
Next time, buy on the IDO/ICO honey. That's the only valid opportunity to risk the farm into something.

>>50111536
Singles and AVAX is dead by Christmas

>>50111482
>deadcoin
it's actually been moving up the ranks during the bear market despite not having a stablecoin project (most other shitcoin TVL comes from stablecoins)

>>50111687
ser, do you know how hard you are jeeting right now?

>>50111687
>despite not having a stablecoin project
it has YUSD, an overcollateralized stablecoin currently sitting at 132M TVL.
you can open a trove with whatever you want as collateral, basically borrow YUSD against your entire portfolio and even all kinds of yield bearing tokens.
some other positive highlights:
>during all these dumps Yetis liquidation system has worked perfectly fine and the protocol never even went into recovery mode
>YUSD loan is also INTEREST FREE so you can keep the trove open as long as you want and you never have to worry about it
>had 6 successful audits that came back positive
>smart contract is tested and works for months now it also uses Chainlink oracles so you know shits tight

now how to profit:
when you borrow that YUSD you move it into the Curve Pool, that boosted with veYETI gets you around 10% and more (for boost you need to stake YETI).
YETI sits currently at a 1.1 Million marketcap, at 3 cents per token and is still completely unpumped since it launched in a bear market.
nobody has this on the radar yet but they will soon.
tech wise its the best stablecoin on the market and its a flagship of DeFi and fullfills Sergey Nazarovs Vision of decentralized financial products that put truth above trust.
this is financial advice, DYOR

>>50110920
AVAX tech gets me so hard

>>50110920
based project can go parabolic contract address : 0xd254dc670ff725753a826a5f29a4001600cce29c
t. me/ realitsmyneMPKDD

>>50112621
Jannies, get this subhuman out.

>>50110920
You fell for marketing shills. Did it never surprise you that suddenly there would be like 4-7 avax threads at the same time up with a lot of 1 post per id? It was all a marketing scheme and you were so low iq to fall for it. It is all your fault because it was so fucking obvious it almost hurts.

>>50112467
thanks anon, I didn't know there was a stablecoin on AVAX. LUNA got me spooked so I only trust USDC for stable. Not sure if I can really trust any stablecoin, seems like they can all break with enough coordinated pressure from giga-whales like SBF.

>>50110920
Back in June, I bought a lot of these for $14 each because of you guys. Thank you!

Remember that time Avalanche somehow managed to fuck up everything and bring gas fees all the way up to $14? Lmao
>scaling solution
KEK

>>50114870
>$14
Kek it was way fucking worse and this only happend because 1 (O-N-E) shitty crypto game with a few hundred players launched. Avax is a dead shitcoin and will be largely forgotten in the next bull run.

>>50114936
Here another example. Rember how all the avax roach shills shit talked about eth because of the high gas fees. And the moment it happend on their shit chain they told everyone who was justified angry about such high gas fees to stfu and stop being poorfags. Avax roaches are truly one of the lowest type of scum even shit dog pajeets have more integrity.

>>50110920
Rule #1 of /biz/ investing: the team has to be white. You got tricked into buying a shitskin turkroach token by vc shills. Lurk moar newfag

>>50111008
Good, you need to cut your losses and losers.
>>50111200
>>50111456
>>50111687
Ignore these delusional bagholders. Look at the top 100 coins from the 2017 cycle and look at the top 100 now. 95% of altcoins are shit fads. Chances are avax won't even reach 1/4th Focus on the new coins of that cycle, that's where the real gains are made. Just like avax was good for this cycle (if you managed to take profits like a non-retard), next cycle focus will shift to new coins.

>>50115490
1/4th of its ath*

>>50112695
>so I only trust USDC for stable.
But the thing here is you never know whats really going on with Coinbase and USDC, whats happening behind the scenes with the company etc.
So you gotta TRUST that the company behind it doesnt fuck you.
With YUSD you can actually know since its all smart contracts.
So you can actually check in real time how backed the YUSD really is and where the protocol stands and its all on chain for everyone to see and monitor.

every YUSD is backed by more than 110% of collateral (depends on the assets in the trove tho and some shitcoins are covered by more than 110% of collateral).
Basically YUSD is the most functional Stablecoin of them all.

>>50114976
Thanks to Subnets every dapp that generates too much traffic can simply scale into their own Subnet and free up the C-Chain.
After DFK and the Swimmer Network launched the C-Chain fees got lowered back down to 10 cents again.
Some improvements in the Node software were also made which made things more efficient.
Also another problem was metamask and how it asks for the gas price, that also caused some fee issues but got resolved ages ago, they also launched the new Core wallet not too long ago and it works even better than MM.

>>50115060
Avalanche was developed by IC3 in the USA, they also made Ethereum and Chainlink and the Ava Labs team is over 200 people by now, all gigabrains recruited from Ivy League universities and the Technion.

>>50117557
>Brown hands typed this
If you watched this shitcoin double spend and didn't go all in on Cardano's eutxo you are a shitskin.

>>50110920
so are we still fudding our own bag?

>>50118644
Cardano has no users, no DeFi and 0 TVL.
Its a ghostchain and failed product.

Meanwhile Avalanche works and has actual DeFi with real users and real innovation.

>>50110920
>So I thought the $140 was a good price as it would also rise to $3000
what a retard kek

>>50114936
>>50114976
imagine thinking avax is only the c-chain

Nice, I need more fud until next week.

>>50111262
You realize you sign your keys away in "DeFi" if you use any application
Take a glance at that SOL whale where in the DAO they're literally voting to have his funds liquidated or something homosexual
Also 99.99% of the avax ecosystem is absolutely fucking useless and down almost all of it's value

>>50119024
No need to lie shitskin

>>50119646
>You realize you sign your keys away in "DeFi" if you use any application
you still have full control over your funds in DeFi.
contracts are audited, tested and secure and you can pull out whenever you want.
>Take a glance at that SOL
Solana is centralized and they dont have real DeFi.
they are nothing like Avalanche, not even close.
>Also 99.99% of the avax ecosystem is absolutely fucking useless
Best Stableswap (Platypus), Best Stablecoin (YUSD), Best DEX ( Trader Joe) and they deliver actual innovations.

so actually the AVAX Ecosystem is the most useful DeFi Ecosystem in the entire Space as you can adjust your positions even during times when the market is going wild and you can do it in a matter of seconds for a couple cents.

>>50119658
ok I checked. Cardano has 3 dapps and around 120 Million TVL.
Avalanche has 200+ dapps and 2.63 Billion TVL.

so Cardano is closer to 0 than to Avalanche.

>>50119813
Wow you really don't understand DeFi in the slightest
Do you not pay attention to the process when you interact with dApps via metamask ? You are literally signing your keys away, you fucking mong.
SOL is a centralised shitcoin no doubt, the shit you see happening to their ecosystem is the same shit that happens to avax's ecosystem.
all those tokens you listed are vc shitcoins, especially trader joe lmfao. Taking already existing dApps from the ethereum ecosystem and forking is hardly "actual innovation"
Nothing new has been built regardless of how many hundreds of millions they've spend on avax rush incentives, what a pathetic display of a protocol

>>50111008
>buy high
>sell low
the /biz/ way

>>50120106
>Do you not pay attention to the process when you interact with dApps via metamask ?
contracts are all open for everyone to see, all the big ones are audited multiple times so nobody can just come in and steal your funds or make the decisions for you. its actual DeFi, not CeFi.
of course there is always Risks whenever you use DeFi.
>the shit you see happening to their ecosystem is the same shit that happens to avax's ecosystem.
nope, not even close. they are nothing alike.
>especially trader joe lmfao
Trader Joe is the best DEX on Avalanche and the JOE token has actual utility and everyday sJOE stakers get paid in USDC from trading fees. its based.
>Taking already existing dApps from the ethereum ecosystem and forking is hardly "actual innovation"
They are working better on Avalanche, faster, cheaper and the contracts are in many ways improved.
they arent just simple forks anymore.
>Nothing new has been built
a New better Stableswap system (Platypus), Best Stablecoin and lending platform (YUSD), Best DEX (Trader Joe), best Autocompounder (Yieldyak) etc.
the Avalanche C-Chain is filled with innovation and more innovative dapps are coming and in the works.
>what a pathetic display of a protocol
its the best DeFi on the market. truly decentralized, fast and cheap and open for everyone.
nobody else can compete with that, not even Ethereum.

>>50118705
I dunno man, i think those people left and it's just the butthurt fudders left.

he fell for the roach meme coin

>>50117407
This is true, for a stablecoin to work the reserves need to be in smart contracts, anything were the reserves are managed by one individual or entity will be lost.

>>50118644
I would never develop on cardano because I would be waiting on delay after delay of upstream features like, as you mentioned, basic eutxo at more than 10 tps.

>>50110920
stupid faggot, I sold ALL of my AVAX at $135 and proceeded to shitpost about how I literally sold the top the minute after. People like me were warning you but you didn't fucking listen. You made a choice, you suffer the consequences.

>>50118705
2000 was always the sui stack, 10k make it

I assume this is a troll post
$3000 would put it above bitcoin 3 times over

https://thecoinperspective.com/compare/avalanche-2

>>50122860
Avalanche plans to tokenize ALL the worlds assets.
That market is bigger than Bitcoin.

>>50122860
>using BTC's current market cap
$3000 AVAX is pretty reasonable if BTC hit 500k, but that could be 4+ years from now so not even worth thinking about. I remember a lot of AVAX bulls were predicting $300 when AVAX was around $10, which wasn't that crazy considering everyone thought BTC would at least hit 100k. Still, OP is a retard if he believed the few, possibly ironic, bulltards that was saying $3000. And he is an ever bigger retard if he sells this close to the bottom(BTC could hit 16k again imo)

A more reasonable and shorter-timeframe prediction would be $300 AVAX assuming BTC can rally to $100K early next year. This hinges more on BTC itself, stock markets, and relevant economies than anything else. Unfortunately shitcoin information asymmetry remains extremely high because we are either at the very beginning of a multi-year bear market, or we never left the bull and this just another cycle invalidating correction like in 2021. I think either has if's benefits for AVAX. I want to see the bear weeding out the retards and pushing AVAX's mcap above shit like BNB and ADA, but another pump would fine too even if it causes the moonboys and non-technicals to stick around a little longer.

retards should've realized by now that there's no eth killer, there's ethereum and matic's scaling solutions that are making the network accessible and affordable, avax is a shitcoin

>>50120106
>SOL is centralized layer 1 running centralized dapps
>the shit you see happening to their ecosystem is the same shit that happens to avax's ecosystem.
source? this seems to be a running trend where people fud AVAX for the failures in other competing layer 1s. it doesn't make any sense and it sounds like a backhanded way of attacking SOL if anything.

>Taking already existing dApps from the ethereum ecosystem and forking is hardly "actual innovation"
the innovation is the consensus layer below the dapps. subsecond finality, superior decentralization compared to ETH 2.0's beacon chain, more transaction bandwidth with lower fees(superior consensus + subnets), MEV resistance, customizability(subnets can be PoW or PoS, any VM).

AVAX's end goal was always to scrap EVM because it's fucking awful and even EF knows this since it was a prototype and unfortunately they didn't have the 20/20 hindsight VM designers have now. And it's not unusual to see this, first protocols are always flawed and get scrapped and rebuilt as technology matures. So why choose EVM? devs have made it clear EVM was chosen solely for portability and because most DeFi dapp devs already know Solidity. So the first VM port they did was the C-chain, which they planned to be starting point from which other dapp makers would start their own subnets and customize VMs from there. It's a logical progression that fixes the chicken-and-the-egg problem that other non-EVM compatible chains have.

>>50110920
Just continue holding but dont fail to connect your wallet to a privacy platform so that you dont fucking lose the $10 you got in your bag. kek

>>50123950
>assuming BTC can rally to $100K early next year.
keep dreaming
you can't have a btc rally in the middle of a recession

>>50114870
made me chuckle carry on polychad