/biz/ - Business & Finance

>>7056434
this shit is unreal, the FOMO on this will be higher than any other project before. when people start posting pictures of their returns in a few days shit shit is going stratospheric. already 2x off dividends ALONE.

H O L Y S H I T
O
L
Y
S
H
I
T

other thread got triple trips... we are beyond blessed for this RN

Fuck I hate myself for ignoring the shills for so long. Oh well, I'll still get a near 10x

how can i buy

When do u plan to cash out lads?

>>7056498
powhcoin.com

I only bought in an hour ago and already made $36 in dividends lol

BUY BUY BUY BEFORE ALL OF THEM WAKE UP

is the only way to buy it really through their dodgy wallet?

>>7056546

nigga you can interact with the smart contract directly if you wanted to

>>7056528
I bought already and made x2 my investment in dividends alone!!

someone just dumped 99eth into it.....

I dream about owning 99ETH and this dude just casually dumps it in and gets 500+ coins

>>7056919
>inb4 this is one of the suicidal anons who decided to go all or nothing

>>7056919
Last ponzi was 1eth, it’s the target prce shilled on discord too. We’re still early

>>7056528
you must have put in a lot of ETH...

>>7056997
not at all I made over 100 in div in an hour only put in 1k

guyz i put in 99 eth sorry it's not more i'm too poor :(

sorry for being a fucking retard, in the event of the site going down, do you just send 0 eth with the additional data and no address?

>>7057082
did you get in super early then? i don't understand. I got in at $90 a PoWHCoin, and I've not even reached $100. I put in 0.45 ETH

>>7057082
wtf does it even matter how much eth you put in? i don't think that even plays into the dividends you get, does it?

so confused.

>>7057217
Dividends scale with the amount of PoWH you're holding.

>>7057147
theres a function you need to input, its called sellmycoinsdaddy, theres instructions on the site to withdraw from the contract even if the site's offline. another reason why blockchain is perfect

I've been away, have any significant cash-outs been made yet or has it been a constant upward trajectory thus far?

>>7057240
that makes sense. at what point did you buy in? jw.

>>7057294
Looking at the contract there have been a bunch of small withdrawals. I'm quite worried about what the whales will do when they reach a nice profit.

This isn’t going to stop is it desus

>>7057294
Doubles every three hours at current trajectory

0.30 powh im i going to make it poor anon just woke up saw 1m instant buy wtf

>>7057353
I’m assuming if whales dump, people capitalize on cheap prices and it goes back up, meanwhile we still collect dividends.

That’s my best guess

>>7057360
it will be bigger than btc in 1 week

>>7057396
I didn’t want to believe it until I saw that you can buy .001 of a coin. Poorfag oasis

are the dividents going to the powh ballance?

how long can this possibly go for? considering putting in more ETH...

50eth dropped in

Why can't this literally go forever?

>>7057471
It could go on forever. The price just adjusts when there are cashouts so we'll probably just start all over again. Whether or not we will still have the same steam after the first major sell-off I have no idea. If anything you will continue gaining divies anyway

>>7057499
There's 1,000 ETH in the contract, only 97,279 ETH exist

>>7057499
It could go on forever, people will just continue to sell and then reinvest, dropping the price and then renewing it. It's like pumps and dips on the market, except in ponzi form

>>7057554
Market is already a Ponzi tho

>>7056434
discord link sir please?

>>7057554
and do you suppose it's worth it to put more in right now?

>>7057524
are you retarded

>>7057524
No, there are about 100m eth

>>7057600
Absolutely. I see this doing a x100+ if this goes viral.

>>7056528

>faq
>is this a scam
>yes

lmao you memer's are really something

>>7056434
How will this look on a bank statement? How can I say I sold when my coin is a literal ponzi scheme?

>>7057635
fuck im scared of my willingness to actually do it

>>7057499
Stagnation will lead to sell-offs.

>>7057600
I'm considering that myself. I already have some ETH in so I might wait until the first major dip. If you aren't in already you have to make that decision yourself. To be honest you're probably in the middle/almost tail end of this ponzi so you have to figure out if it's worth it. If I wasn't already in I'd probably fomo at this point but give it a good consideration. IMO the whales are a bit disheartening because, as in the market, they can manipulate the price to an extent by buying and selling large quantities.

Did anyone here cash out or are we just assuming that there will be no problems?

>>7057649
its anonymous senpai

>>7056434
11 am, off to wagecucking. stfu.

>>7057639
exactly why I take zero advice from this board, its just fun shitposting.

>>7057670
I just cashed out my dividends, it works. It will show up in the "internal transactions" tab.

>>7057524
Yeah I was thinking so, does that mean, the owners are collecting the money being put. Is there any one good at reading smart contracts who can confirm that this eth actually remains in the contract and is not going to someone elses purse?

>>7057670
If you look at the smart contract there have been a lot of withdrawals which have completed. There have also been people in these threads saying they've got their divies successfully.

>>7057650
I was terrified of going in earlier. Missed an AMAZING chance. Said "Fuck it, it can't go higher" while I was messing with Meta Mask.

Little did I know, I accidentally went all in and only noticed 30 minutes later when I wanted to buy a different coin. It was an amazing mistake.

>>7057692
It's not hard to read
https://etherscan.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a#readContract

>>7057670

> I cashed out divs, no problems whatsoever
> I've seen others cash out their whole stash
> pussies
> but it's legit, you'll get your money back
> and hookers will pay YOU for blow jobs

>>7057691
how to chashout dividents only? does it go in powh ballance or what?

>>7057692
If that wasn't the case, there wouldn't be 1000+ ETH in.

I actually had an idea like this a while back. Glad someone actually did it. My hands are adamantine, so I'm going in.

>>7057711
Holy shit is this trending topic?
Glad I bought some

She shilling here is orchestrated as fuck.
Any /biz/tard that has been around a while will see this, but I hope the newfags dont get caught up in this shit.

Just do your research guys, never buy a /biz/ shill.

>>7057711
Unironically edited out Rhonda Rousey.

>>7057639
i bought a few hours ago at 90, put in 50 bucks. got 200 back. pretty easy money for a poor boy lik me

>>7057758
kek ok dude.

>>7057758
we seriously need flags on this board, the shitposting is getting out of hand recently.

>>7057758
>yfw you wake up and check POWH's price

I have a confesssion to make

I thought the devs made a solid contract and they did. What I didn’t anticipate was the sheer fomo of this and the fact that you can buy .001 of a fuckin coin.

After fudding it a little bit, I put it together and said
Fuck it, threw it .5 eth for the fuck of it.

Let’s go boys

>>7057726
Confused me too. When you click on "sell powhcoins", it gives you a choice between cashing out your dividends and selling your powhcoins to your dividends balance. Just cash out your dividends and it's coming straight to your wallet.

Guess it's time to forget about this till I see posts that it's crashing so I can buy more lel

>>7057838
Good luck man and thank you for your contribution.

>>7056434

You really want to go to bed with you money in there?

>>7057814
>>7057828
It's the definition of a Pyramid.
Jesus, they blatantly get you to shill new members. And the value is generated only by new people putting money in and that money is distributed.

How fucking thick do you need to be?

>>7057905
Everybody already knows what this is you knob end, the website explicitly explains how it works. You're not a genius for realizing an obvious and blatant ponzi scheme is indeed a ponzi scheme. Get your head out of your ass and let us have our fun.

>>7057905
Fucking lol it’s literally called a Ponzi, they are telling you “this is a scam” right before you buy in. Yes, it’s a fucking ponzi moron congrats for figuring it out

>>7057971
Considering these schemes are illegal in plenty of countries, it's not a great idea to 'invest' in them.

What happens when the network just gets shutdown, website gone, your money gone?

>fun

Keep it

>>7057883
The >reserve doesn't mean shit besides the thing going up/down more drastically as more people pitch in/pull out
And at 100+eth in, it's really toned down

>>7058009
You do know we can cash out at any time, right? and if the website disappears the smart contract will still exists and we have been given explicit instructions on how to make a withdrawal directly through the smart contract.

How did you even find out about crypto if you're so risk averse?

I will keep it, thank you

>>7058009
What’s the difference between this and crypto.

They’re both the same thing, both pyramid schemes. Who fucking cares. This contract actually has foundation. I didn’t beleive it first, take it from me

>>7058070
>Assumes there is no killswitch on the contract.

Good luck with that.

>>7058119
>hasn't read the contract

>>7056434
Wasu wasu wasu POWHCOIN!

>>7058119

Jesus. Just admit you're wrong and fuck off.

>>7056434
it doesnt let me fucking buy!!! Why??? it says insufficient funds while I have eth... FUCK

>>7058332

leave some for gas cost you tard

Well the contract does say:

/*function destroy() external {
selfdestruct(owner);
}*/

Is it executable? The forward slash makes it a comment, right?

>>7058332
this you? lmao

If this stays big when America wakes up it's off to the races!!!!

Warning: Money is going out faster than going in.

>>7058352
IMMA NOT A RETURD IM SPECIAL OK?? IM TRYING TO MAKE MONEY HERE

>>7058607
How can you tell?

>>7058607
You're not making the mistake of seeing people cashing out their dividends and thinking it's people casing our their tokens, are you?

>>7057377
yeah like when everyone bought the bitconnect dip i seriously hope everyone in this thread dies

>>7058676
>>7058698
Look at the ETH balance.
https://etherscan.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a
Told you.

>>7058769
People deserve their own fates.

Oh look it's crashing.

Proof of Weak Hands indeed.

how do i cash out... lol.

>brainlet

The assumption here is that people will buy back in. They may not. Also, what are those zero eth transactions? Is someone trying to exploit the bug anon mentioned earlier...

Looks like it's coming down. Has there been a dip like this before? I've just pulled all my ether out.

mised out on like .2 eth of profits... couldn't figure out how to cash out at first. sux.

>>7058862
thats people cashing out retard

>>7058862
No faggotron, you send 0 ETH to the contract to withdraw, there is no bug just people cashing out.

>>7058862
0 ETH transactions = people cashing out (could be dividends or tokens)

Best way to gauge what's going on is just looking at the total amount of $$ in

How do I find a graph of this shit? I just bought $5 at the ATH and 4 minutes later it’s now $3 lmao

IT'S GOING BACK UP
FOMO IN

after cashing out tokens and turning them into dividends, can you just let them be as dividends?

they can't go down right?

STOP CASHING OUT
PLEASE

This gun be gud.

Prepare those wojacks.

>>7059074
its going up!!!

Don't any of you understand how this works? The key isn't the price but the dividend. That's why it's proof of weak hands

If you try to trade this you'll get rent

You need to buy and hold for the dividend. Then every crash is GOOD because it makes more people BUY which is when you get more dividends

>>7059055
If you don't cash out and the contract hits $0 , you can't cash out.

>>7059109
kek

>>7059118

Can't hit 0 because the way it adjust the price

>>7059109
literally this, its the whole point lel

How to cash out the dividents?

To be honest, this needs a CMC listing to be truly effective. FOMO and panic are entirely visual experiences and without that data feed I fear POWH won't have the emotional effect required.

That said I've chucked $100 at it.

>>7059582

It's not too hard to build this off of the Etherscan API. Problem is, I'm too lazy. Someone else should do this.

>>7059241
do you get dividents on buy only or in sell too?

>>7059639

Only buy

>14.88 ETH buy

we need a chart

>>7059851
plot one from the etherscan wallet

Wont be exact but close enough.

>>7059109
Let me know when your divvies add up to 3x what you put in. I wish Eth wasn't so slow.

>>7056434

fucking dadi crowdsale raping us in the ass

>>7060099
this is my thought... doesn't seem worth it to just hold. the entire experiment will eventually falter and nobody will buy in anymore.

>>7060099

It's dadi, it's almost sold out

Fucking retarded investors sending transactions with more than allowed gas thus not receiving their tokens

>>7059582

This cannot be charted by traditional candlesticks as that doesn't make any sense. Price for buying and selling can be plotted, but even that should probably be plotted on logaritmic scale because it will look weird otherwise