/biz/ - Business & Finance

its literally dumping lmao, flavor of the month

jumped out of this 5 mins ago and into ICX

gave me a nice x2 though thanks REQ

Bought at 75c. SHOULD I HAVE WAITED LONGER

Why, why was I too scared to sell at the top. I stared and stared but wanted to hold.

YC own 25% of REQ and 25% (biggest holder) of Coinbase. Normies will fucking flock to REQ after reading its "PayPal 2.0" REQ will be new Ripple in coming months.

>>5762393
Hold atleast for january you idiot
That was not the top

>>5762942
I know it wasn't, it just would have been nice gains. Hindsight is the worst.

Getting JUSTED right now.

>>5763147
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>5763147
Yeah it sucks, but whatever, it's come so far down at this point there's definitely no point in selling now.

lol just hodl

>>5763187
Fucking sucks that I bought right at the top before it dumped.

>>5763147
And it'll be at an ATH again soon, just fucking chill.

>>5763235
KEK, I wasn't dumb enough to FOMO into a 100% gain in 2 days.

>>5763147
>>5763235
Doesn't matter man in 2 weeks it will reach $1 anyway. Don't fret about short term bullshit like that.

DO NOT PANIC SELL, I REPEAT DO NOT PANIC SELL

>>5762252

>BTC, ETH, LTC never had a dip, only green dildos all the way

I want meme traders to kts

>>5762222
love how this goes from .30 USD to .80 USD in 24 hours and people panic when it goes to .70USD (small correction)
investing is easy
people are dumb

>>5762222
The hold nothing besides 2months developing of TestNet. Cannot be that hard if a 5men team can do that in 2months?

what are those sell walls lmao

>>5763345

That's the thing, most people are dumb traders (I was also one until I learned to stop worrying about some red lines all the time), but I want my /biz/raelis to succeed as well.

This coin is so fucking undervalued. Go take a smoke break or something.

That shakeout is needed to get to 1 dollar. Pretty sure we will go above 1 dollar pre update. This will dump as usual after that.

>>5762222
Lmao I'm holding since $0.06 go fuck yourselves you weak handed faggots.

>>5763434
Yeah it's just the sign of normalfags. 90% of the board joined in the last couple of months after all and didn't experience ETH/Antshares growth.

Everyone that starts out makes dumb decisions like daytrading and panicking with corrections. It's normal and goes away with experience.

I've heard REQ's coding is shoddy as fuck. And even though it's a deflationary token, nobody's really going to need the tokens when the low fiat transaction fee remains the same no matter how many tokens are left. Once the network launches, the actual market value of the tokens will probably be much lower than expected.

Great idea but I get a feeling that the execution won't quite be there. It's overrated because everyone can understand and buy into the concept. Still made money off of it tho lol

>>5763564
>I've heard
where please?

Can someone explain to me what GAS is? I went to set up a MEW and am confused.

>>5763564

t. my ass

https://discord DOT gg/M2zvFvt IS FOR WINNERS. dont be a loser and make hella gains.

>>5763564
>I've heard REQ's coding is shoddy as fuck

No read the yellowpaper. Also Moneytis (their previous company) shows they are capable of doing it. Also Ycombinator doesn't invest in projects they don't think are technically sound.

> nobody's really going to need the tokens when the low fiat transaction fee remains the same no matter how many tokens are left

Read the whitepaper the fee adjusts automatically to ensure it's the lowest fee on the market and based on how many tokens are left.

I know you are just spreading FUD. But I feel like I should quickly put your claims to a rest before people might take it seriously/

>>5763564
My dad works at Nintendo too.

>>5763564
where? you can literally use their testnet to check it out right now

here's a dude actually using the test
https://www.youtube.com/watch?v=uvERhG-Ir6Q

nice FUd tho

How much could it reach? $5?

>>5763820
It has a potential 5000bn marketcap.

that would be $5000 per REQ without burning.

Assuming they take just 1% of the e-commerce market they would be $50 per REQ without burning any tokens.

With token burning REQ value could go much MUCH higher given enough time.

>>5763820
Facebook has a marketcap of 500billion. A social media platform.
If the request network will be able to do what they say it will, and the crypto market doesn't crash, REQ will be worth 1000x what it is now. They are 2 big IFs though

>>5763820

10$ in less 4 months..

>>5763820
Possibly in a few month.
it would be 3 billion mcap which is pretty realistic if the team keeps delivering

>>5763820
ever seen a 5 dollar coin on coinbase?

>>5763737

>>5763737

>Read the whitepaper the fee adjusts automatically to ensure it's the lowest fee on the market and based on how many tokens are left.

I mean yeah, I read the whitepaper. The more tokens get burned, the less tokens you'll need to use the Request Network, and the tokens always get burned in the background so that users don't have to go out of their way to buy it. So while REQ is indeed deflationary, someone's going to have to sell REQ at a significantly lower value than the theoretical price for there to be any real demand for the tokens.

The coding part, you can believe or not. I don't code. It's just something I've heard from a few programmers. Apparently lots of spaghetti code.

potential 5000bn bla bla blaaaaaaaa

get off your high horses, it's a good coin but stop spreading this retarded information when it didn't even hit 1bn yet

Totally not related but does anyone have screen caps from the old era? When Ethereum was still $2 and people were fudding it?

>>5763896
How long should I hold?
4620 REQ here.

>>5763973
someone's going to have to sell REQ at a significantly lower value than the theoretical price for there to be any real demand for the tokens.

No. The price will just increase until someone is willing to sell the REQ.

Example:

>REQ is $1 and transaction fee is $1 for one thing

1 REQ gets bought from market and burned

Example 2:

>1 REQ is $100 and transaction fee is $1

0.01 REQ gets bought and burned as a fee.

If nobody is selling the price would just scale up until someone sells them 0.0000000001 REQ or whatever for the required amount as a transaction fee

>>5763973
I DO code and REQ actually shows pieces of their code that are important in their medium blog. Also read their yellowpaper where they have diagrams of their programs. It seems solid as fuck.

If you are not FUDing on purpose then you just don't really understand how REQ works. Which is not bad. Just try to let actual knowledgeable people talk about it instead.

>REQUEST NETWORK HOLD A MONOPOLY!
inb4 the us gov breaks them up

>>5763896
lmao fuck off with that 5t cap
anyone who talks about how crazy high a mcap can go comes off as a conman

tone it down

>>5764233
US government can only file anti-trust lawsuits against corporate entities.

Request Network is officially structured as a non-profit (since they actually operate on a 0 profit margin) and thus don't fall under anti-trust law. Do you really think Ycombinator would invest in a company that didn't even look at the lawful viability of their business?

>>5764233

> mfw you can't break up a decentralized organisation

Now do you see the power of crypto?

>>5764297
>>5763974

That is their theoretical marketcap though. What's wrong in stating objective facts?

Just like a car company would have a potential marketcap of the entire car business right now. Request Network has a potential marketcap of the entire E-commerce business right now.

And that marketcap is at 5000bn. Stating that is important because it means REQ will not hit some "ceiling" where they can't grow past after a while like most other cryptoprojects.

>>5763147

Hmmm I don't see this down-trend reversing for a while.

>>5764164

A huge element of REQ tokens is that you won't have to pay a fluctuating price to make your transaction. No matter how much a REQ token is worth, the user is going to pay the same exact fee in USD, for example, whether they made the transaction when REQ is worth $1 or $100. Think about it. If anyone wants to buy REQ tokens (which the REQ Network will literally buy for you at a fixed rate if you don't have any) it's going to be because they want it for a significantly cheaper price. Otherwise, since the REQ token cost per transaction will always remain the same relative to the transaction size, there's no point in buying the tokens.

I'm not spreading FUD. It's just how this coin works. I still do hope the network succeeds though.

>>5764160
the sooner you sell the more you'll regret later on

This coin won't be as deflationary as advertised. The only time people who use the network (and aren't speculating) will actually need/want to buy REQ tokens will be when it's offered at a significant discount than the market value. Otherwise, there's no incentive in buying them since the REQ Network will buy them for you at a cheap price (a fixed fiat % of the transaction). This will in turn drive prices down as sellers MUST sell for cheaper than the market price, canceling out a big part of the token's deflationary design.

The deflationary aspect of this coin is overhyped.

>>5765085
youre wrong and know nothing about supply/demand

dropping 20% today, wtf

You forgot about YCombinator. YC business tactics are EXTREMELY aggressive. YC doesnt fuck around with their startups. They will push Request down the throats of the normies in Silicon Valley and they will use it like addicts. They made Airbnb, Dropbox, Twitch etc mainstream and they will make Request into Venmo/PayPal 2.0

>>5765224

Nice copypasta bruv

>>5765169
20%??? are u blind

>>5765474

-0.00018528 -18.81%

Seriously, buy now, its perfect.
on the 5th is an update

>>5765833
I would unironically probably buy right now if I had more money lol.

SELLLLL SELLL SELLL

>>5766425

Shut the fuck up.

I'm torn. REQ or Link? Which one should make most of your portfolio?

>>5766462
50 50

they go hand to hand

>>5766425
Someone wants in...

>>5765224

This is 100% true desu

>>5765085

That's true. But there will be an initial large deflationary phase where for every $1 processed through the network, 1 REQ will be burned. That will progressively get lower and lower and then asymptotely trend towards 0 REQ burned per transaction.

>>5766462
Yep. 50/50 ... although, christ, I'd have to buy literally 20K Link to be 50/50 at this point, and that shit's not happening. So, I'm 20/80 in that regard.

>>5762222
alright im a holder of 10k since .30 but lets be a little realistic here. its an erc20 token and an idea. not an actual product yet. i recommend making ideas like this and funfair maybe 20% of your portfolio. lets not get carried away

Bought this after ICO at 3.5 cents. Comfy as fuck, don't even care about the short term gains. I did sell ten percent off the 88 cent top perfectly and put into XMR, which was under-perfoming. Happy, lol

>>5764160
HOOOOOLD

>>5762222
insider info guys.
whales are gonna pump it again today to milk some noobs (that sold during the other moons) before the ETH pump.

Be sure to take some profits at the top.

REQ has such massive potential it's not even funny. Currently the use case REQ is presenting is the ONLY crypto tech I'm interested in using in the real world right now.

Just got my ass burned with the ludicrous paypal fees.

The concept is solid, the use case applicable to basically any person in the world. The team is accomplished and established in relevant fields. It's being backed by Y Combinator, the seed accelerator behind Coinbase, Dropbox, Airbnb, Twitch, Reddit, Stripe.

If there is any 'real world' crypto tech use case that I can see being part of everyday life its definitely the REQ network.

REQ exceeds paypal in terms of fees, but also simultaneously eats away at the purpose of exchanges by offering cheap and easy ways to purchase various crypto currencies on top of traditional fiat.

How the fuck do people on this board always manage to lose money on such sure bets. I’m a fucking poor new fag and I still managed to secure a good position in the last week.

>>5762222
iota seems like a safe bet rn

DOES ANYONE HERE ACTUALLY RUN A BUSINESS AND ACCEPT MONEY FROM CUSTOMERS. WHY WOULD YOU USE REQ AND WHAT ADVANTAGES DOES IT GIVE?

>>5766959
greed

getting out early to make a 5% flip can leave you behind a 100% moon mission

>>5767023
ITC will replace IOTA eventually

>>5767035
very few people use bitcoin let alone req

we are betting in the future

think about it as buying amazon stock in 1995

>>5766832
REQ also provides the simplest way to cash out of crypto. We'll still need to park the cash in a bank account, which means potential jew fuckery. But if we don't cash out before crypto turns to shit... decisions decisions

>>5763907
$10 end of month cap this

>>5767073

IOTA is too big

>>5767073
whats the deal with itc?

>>5762222
QUADS OF TRUTH

people dont seem to realise how important REQ might get in the future. The market value will easily surpass paypal by x11 if not more.

Going balls deep right now is the best you can do, just fucking hodl.

>>5767035
it does all the accounting for me.

its being dumped now
-25% already. get out while you can.

>>5767035
Bump

Um guys, is Binance repeatedly logging anyone else out?

Will REQ moon tomorrow?

>>5767100
You don't get it. You don't use REQ to pay in REQ. You use REQ to pay and receive money in literally ANY currency of your choosing. Fiat or crypto, it doesn't matter. A small fee of REQ will be burned as a fee and it will handle the transaction.

You know why companies don't accept crypto a lot, besides its volatile nature? It's a fucking bitch because its inaccessable. People have to buy crypto from some reseller or exchange and then transfer it. Instead you can just whip out REQ, receive the invoice and pay it. No double or triple checking addresses or fucking around with exchanges and ludicrous fees.

Yeah let's invest in REQ guys!

It's not like it has a direct competitor literally supported by every major member of the Ethereum team haha right?

>>5767269
yes

>>5767211

Orrrr

Buy the dip

>>5767319
Haha but seriously though I have open orders I can't control now haha...

>>5767313
If you are talking about OMG, well no.

God did you even read their white paper?

Guys, thank you for shilling REQ.
This coin has literally given me hope for my future.
I am so happy.
I'm going to make it.

I'm not ready to hold that long.

>>5767453
Why?

>>5767313
Omisego is a payment provider which will funnel their centralised payment network through their blockchain.

Request is a decentralised payment network which wants to be offer automated invoicing, accounting and auditing services.

I’m an OMG shill but please DYOR; these are not really even remotely similar.

>>5767396
Oh right they said in a blogpost that it's not a competitor because accounting right?

Nevermind! I'll take their word for it

>>5767560
>their centralised payment network
>I'm an OMG shill
The FUD has morphed to latching onto Omise and calling it centralized by extension.

Honestly, good effort. 3/10 FUD. It will convince a bunch of pajeets to invest in this shitcoin

Which is what you want

can u guys plz crash this so that i can buy more

>>5767560
You have no idea what OmiseGO is

You even refer to OmiseGO as a "they", OmiseGO is a token to run the POS OMG blockchain, which among other things will handle a dex and will target 1 million transactions per second

>>5762222
The climb REQ is going to have will shit on what Ripple did.

YCombinator seeded Stripe, Dropbox, Airbnb and Coinbase. Ever heard of them you fucking dumbnuts?

REQ will moon in 2018 guaranteed. Keep accumulating during the dips.

>>5763564
This is all objectively false.

REQ CRASH AFTER BINANCE COMES BACK ONLINE

you heard it here first

bought REQ at 80 cents and hodling. strong hands mean strong gains.

>>5767782
The DEX will be capable of 2 million transactions per second only after Plasma is released sometime around Q4. I’m in love with OMG, you don’t have to tell me. I just hate seeing morons compare these two coins.

>>5767611
I own 1300 OMG. Not sure what your problem is, but REQ and OMG are two very different products in the same sector that shouldn’t compete for market cap at all.

>>5767951
It's back already. Thank god.

>>5767611
im balls deep in REQ and OMG and you are a fucking retard

REQUEST literally requires CHAINLINK in order to work.

>>5768164
Only for fiat

>>5768164
I don't want to have to shill LINK :(

>>5768211
Yeah, for fiat. The thing that 99.9% of people still use. REQ isn't meant to be some crypto payment app. People will be paying with fiat and not even know they are using Request Network in the background.

>>5767295
PLEASE RESPON DO YOU GUYS THINK IT WILL REBOUND TOMORROW?

>>5768164
LINK is shit

>>5768164
SHOO SHOO STINKY LINKY

>>5768340
1$ 07/01/2018
Screencap this.

>>5768547
is that Burger format or Europoor format?

The pump is in "5 hours". Get in anon. The best part is the coin will be announced to all at the same time.

No time advantage to higher ranks unlike other groups....

https://discord dot gg/rWvbMpg

>>5768665
how dare you enter a REQ thread, the holiest of holy threads on /biz/, and shill your discord

>>5763434
Fuck dude, I've learned that red lines are better than green ones, best time to buy.

>>5762222
Cant argue with those digits.

>>5767308
The more I understand about REQ the more exciting it sounds. I don’t want to sound like a shill, I actually own $0 in REQ, but it honestly sounds like a really awesome idea. I get paid on Thursday and will definitely put a chunk of my paycheck in REQ.

fuck.
yes.

I've been waiting for this dip. I just put half of everything I have in crypto into this.

Come on, bb. Triple my $700 !!!!

>>5769274
...and as soon as I do that, I get a 10% gain

HAHAHAHAH. I love this shit.

>>5769365

Can't wait for your pink wojaks. Just wait for the BTC bullrun to stop and buy back in.

so its -30% already , the pump is over, now here comes the dump. will laugh at all req bagholders . you just got reqt

>>5769466

t. brainlet

BTC is having a bull run, so everything takes a dip. It's not because of REQ at all.

Everything is down. Take a deep breath and buy the floor.

>>5769466

oh nosies! you'll laff at da bag holders ha hahaha

It wen't 15x in a few weeks, you fucking sad cunt. You definitely don't make money.

WHEN WILL IT STOP AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>5769466
> t. someone with 1.2 ETH claiming to have 'made it'

>>5769640
BTC last chance at survival is going on right now so every alt will bleed a little as people try to get back on BTC so that they "can get one cheap".

If BTC crashes down to $12,000 it will be permanently finished.

>>5764543
Thank god, was hoping I could get back in for cheap

>>5763741
kek underrated

see ya at sub 50ct :)

>>5763017
Filthy jewy pajeet daytraders

>>5770895
>he doesn't want to double his stack

>>5762252
>up 71% in past 3 days
>dumping

>>5768164
Ok, Req is doomed then. Should have sold at the top guys

>>5771153
lmao FUCK