/biz/ - Business & Finance

Pepe’s preferred token

>>7538393
Nice Anon

I already have 1k OMG. Should I trade my 1000 Nano that I got at 1$ for OMG. Seriously considering it. OMG recovery to ath will be much easier than nano is what I'm thinking.

>>7538300
Love OMG but don't have any spicy memes. Where dey at doe?

literally all smart money is balls deep. Biz prefer posting "BRAP"-posts and autistic pictures of people sniffing things - aka staying poor

everyone who is sleeping on this coin will be killing themselves in under two months.

OOOOOOMMMMIIIIIISSSSSEEEEEEEGGGGGGGGOOOOOOOOOOOOO CCOONNNNNNNNNNNECCCCCCCCTTTTTTTTTTTTTT!!!

>>7538751
it is possible to make a shitload of money on crypto and still have time to BRAP post, since it takes basically zero effort to do both

and smart money didn't fall for skateboard gook posing in front of the visitors desk at google

>>7538300
I am yeah, but VEN instead of OMG

>>7538743
We have something better

>>7538300
>investing in something called OMG

Thinkin of dumpin my nano for this, what do you think anon?

>>7539019

>OMG at $500
>"why didn't you invest earlier?"
>"didnt like the name"

Keep up the great financial decisions, anon. You will be able to afford that cardboard box someday.

>>7539019
>investing in something called apple
What kind of brainlet invests in a fruit?

>tfw I only have 10

there's only 1 alt I think has more potential than OMG (I'm talking x100 potential in 1 year) otherwise I would have stacked more of this

>>7538912
>tfw portfolio is 50/50 VEN and OMG
It's going to be a good year boys. My only regret is that I didn't put more FIAT in at 6k

How does this coin not have a wallets yet kek. Jun needs to spend less time shredding in the parking lot and more time developing.

>>7539244
You are my brother. I'm 75/25 OMG : VEN

>>7538733
yes. omg has a clear financial model for why it will be worth something, nano is a meme.

>>7539019
This stupid mindset prevented me from buying at $3 before I actually googled it.

>>7539280
Wallet SDK. Go away back to your shitcoin threads please.

what are omg developers exactly making that is so unique and why can't someone else offer the same service once Plasma is out?

>>7539032
Do it.

>>7538782
>everyone will be killing themselves in under two months.

>>7538300
I'll get this if the 5k dip occurs. $1.50 OMG's sound nice.

>>7539230
>Micro-SOFT?
>yeah like your dick after they go belly up lmao

Stop making these fucking threads.

Anything the December newfags touches turns to shit.

>>7539019
Same shit happened with Antshares and look at where NEO is now

>>7538300
Why, oh why isn't it in the top 10 on CMC? Half as big as ETC and even less than crap like TRX... I just don't understand.

>>7539898
Because it's vaporware. You're fortunate it hasn't dropped to 20k sats.

>>7539933
Let me guess: you're all in on XVG

>>7538300
priced in

>>7541370

I non ironically think this too desu based on the current market. If shit stays the same I doubt this will barely move.

>>7538300
explain it to me like to a 5 yrs old:
will the OMG token stay on ethereum, or will it have its own network, with plasma?
short and simple, please.

>>7541588
what difference does it make?

>>7541701
>what difference does it make?

the difference is, will it be just another token on the ethereum blockchain with nothing but hype, or something unique.
thats the fucking difference.

>>7541749
If the main point is staking and plasma helps scale ethereum then no, it doesn't seem like there's really a difference whether they keep it as an erc20 or move it to another chain.

>>7541588
it will have it's own network that runs in harmony with the ethereum network, it's the sidecar to the ethereum motorcycle.

>>7539718
drooling about that possibility

Gonna wait until it drops to 8-9€ before dropping some fiat on it. So a few days more.

OMG is the new Ethereum.

>>7542614
braaaaaaaaaaap

>>7539718
I've vowed not to put anymorw fiat into crypto because im broke and because i lost alot of gains in the crash but if there's an opportunity to buy $1.50 OMG I'll happily be homeless for the time being.

Unironically.

Anyone with >1000 omg will be in lambo land with a house a year from now

Mfw congolermate integration within a month of wallet release

>>7538300
>cup and handle in place
>bullish flag ready
>general mean trend stabilized
Literally any moment now senpai

>>7542811
I'm goint to build a nice white house and call it a white house

>>7542811
What if i have 132?

>>7542872
hoping it dumps back down to single digits one more time just to accumulate more

>>7542914
profits still profit

>>7542920
It wont ever again. Question is if you wanna risk a drop to low 10s and risk mooning to $16-18.

>>7542953
Is that the equivalent of "just be yourself bro"?

>>7543011
If btc dumps to 4k and it drags down omg I'll be putting every penny i have in
>>7543071
just keep buying good stuff and your 2-3 moves away from being set after omg

>>7542811
>50k merchants 420 million customers
>15 financial institutions
>conglomerate
Time for that second mortgage

>>7539280
Kek

>>7543119
You honestly think BTC will go to 4k? You are going to get JUSTd hard if you think that. You will NEVER see btc below 7k again.

>>7543369
don't care either way would just be nice to more super cheap omg

>>7538300
I bought some but last time that I saw
> accumulating [...] before end of the month
> you hate money

I ended with fucking XLM.

How much do you predict you'll get staking this (Per coin).

>>7543408
Yeah me too, but in all honsesty were at the bottom or very close to it right now.

How long can I wait before buying in and not miss the boat? I can make much more gains on other coins right now and roll them into OMG but I don't want to miss out on the inevitable megamoon.

>>7543514
$100+ per year in 1.5-3 years. Hard to tell they already have a ton of business lined up

>>7543514
Entirely depends on adoption rate of OMG, but the price of the token should reflect the staking reward. If the token is $1000 but staking only gives you $1/year, then that's 0.1% returns and gives you no incentive to actually hold, meaning people would sell and drive the price down. So as far as I see it, they should be a good enough percentage to incentivize holding, maybe 5%.

>>7543585
> but the price of the token should reflect the staking reward
you're retarded and the fee rate doesn't matter it's the amount of transactions per day that matters and that will be sky high off the bat let alone after some time. plus you reddit fags all tie the value of omg to the staking rates and completely disregard the growing crypto market, hype, fomo, news, low circulation all driving the price up plus most normies won't even know about staking or be in a coin to just stake plz educate yourself or kys

>>7543781
OMG is a super long-term hold compared to most coins. I think of it as investing in Omise's business, not a coin I can flip in a year for an easy 10x (although this likely will be the case). 10 years from now when I'm living off OMG staking rewards the hype isn't going to matter because I'm not fucking selling.

>>7538743
do u even sk8 bro

When lambo?

>>7538869
lol this guy's def poor

>>7539244
>>7539295
lol I'm like 70/30
Glad to see smart money think alike

>>7539898
Market is irrational, it's all psychology + marketing rn and not about the tech
Once OMG performs (people that matter know about it), shit will be cash

>>7539295
>>7544143
>>7539244
smart anon is smart

How much are we gonna need to stake. Will I be able to stake with only like 200?

>>7544214
I heard you can stake with 100+. Could be wrong though

>>7544214
In pools yes. But you will have to pay a 5% tax for it to work

>>7544214
no minimum but you'll need to join a pool because there's going to be a cap on staking nodes

>>7544228
>>7544231
>>7544243
So how is it all gonna work. What % do we get in return for staking?

>>7544231
I doubt any pools fee will be that high and there will be enough with no or super low fees so they will die off or adapt

>>7544214

This >>7544243 answer is the correct one. Higher OMG stakings will be given priority as nodes, but they haven't said how what that limit will be yet. The % returns are based on fees collected through the Omisego network.

>>7544272
no one knows yet but reddit is cock riding the idea of .1% but even 2% is undercutting everyone else big time. Even if it is .1 it won't matter but the amount of transactions per day will and it will be a ton from the start with everything they already have going and grow exponentially with more business flooding in and the dex becoming a top exchange since the dex will allow you to buy anything with anything including fiat and all transactions will be handled by omg. Not to mention handling eth's transactions

Will I make it with 1500 OMG?

>>7538300

Will i make it with 4000 omg?

>>7544450
Definitely all you gotta do is get comfy

When this hits $5 I'm going all in.

>>7539718
same here. i will sink 2k into OMG at that point

>>7544668
The fact that so many people would want that price point is why it'll never dip that low. If the market crashes again (doubtful about that), OMG would go to $8 min.

>>7544725
It already went below that anon

>>7538977

Coinbase by end of July screencap this

>>7545205
https://www.trustnodes.com/2018/02/10/coinbase-launches-paypal-like-plugging-ethereum-bitcoin-bitcoin-cash-litecoin/

Ya probably

>>7545266
Coinbase said back in Nov they are adding an erc20 token and what token is better than the one that scales ethereum? Going past the soon guaranteed add coinbase could even be running all their transactions through plasma one day

>>7545369
Brian Armstrong has a hard-on for ethereum so I'm sure coinbase is well aware of OMG

https://twitter.com/ruxperience/status/923834874791739392?lang=en

RE: OMG team meets with Greylock Partners on 10/27/2017. Greylock Partners are heavily invested in Coinbase

>>7545205
>>7545369
>>7545387
That meeting with greylock was for a reason and them telling us there are NDA's going on with other partners were a hint and this is going to be one of them

>>7545480
Shit I still need to accumulate.

>thinking an erc20 token has value in 2018

>>7545480
>coinbase adding a erc20
>discussing future of omg with greylock
Such an obvious clue and no one gave a shit about it I can't wait to see all the wojaks

>>7538300
>tfw too poor to get a decent amount of OMG before it moons
I can't even get 100 OMG unless the price drops down lower.

>>7538300
How many OMG do I need to make a minimum wage salary in 2019?

>>7545480
and inb4 greylock is the conglomerate that's going to be announced, you would hear autists screeching in unison across the globe

>>7545628
Providing the staking gives you $50 per token per year, you would need 500 to get $25,000 a year or $480 a week

>>7545634

There will be a pink wojak armaggedon

>>7545668
What would the value of 1 omise be if it was returning $50 per token per year?

>>7538733
OMG = pay instantly in any currency you like crypto or fiat
Nano = pay instantly in some obscure meme coin that nobody cares about and breaks every exchange it touches
roughly the same market cap...

>>7545714
Probably $1000

>>7545608
It's ok bro, i've only got like 5 OMG, just keep grabbing what you can when you can and you'll see some nice returns when it pops

>>7545668
Is there anything suggesting staking will give $50/token? That makes no sense currently, given the token is < $15/pc

>>7545733
are you telling me that I will fucking make it with 200 coins? cuz i can afford 200 coins right now.

>>7545750
$1000 is probs going to take a year or two, but ya this is long term godcoin

>>7545744
>That makes no sense currently, given the token is < $15/pc

Yes, CURRENTLY. We aren't talking currently though.

>>7545750
If $200k is making it for you, then yes

>>7539019
This is why I'm not investing and the fact it gets mentioned on here like fuck

Meanwhile LISK is mooning day after day and nobody is talking about it.

people just bought in months ago and are now trying to up the price

>>7545744
>>7545744
even though it won't happen the token could be $2 and still give you $50 in staking rewards. it's the amount of transactions that matter as fees get paid per transaction. Price will boom after conglomerate is announced with hype and awareness spreading. omg missed the normie flood but they will come especially after coinbase adds it

>>7539244
same. what tropical island should we meet on to count money and discuss OMG and VEN?

>>7545793
>after coinbase adds it
How do you know this will happen?

>>7545739
I know. I've got more money coming in soon and I'm thinking of basically just going all in on OMG for a bit to accumulate as much as I can over the next month or so because all the signs are pointing to this thing going big.

>>7545779
>reddit spacing
If you don't buy omg based on the ticker and ignore the giant list >>7542811 of things coming you deserve to be poor

>>7545779
Haha fucking retard

>>7545767
>>7545793

So, there's nothing actually suggesting $50/yr in 2019, you just pulled that number out of your ass?

>>7539359
it's an incredibly complex undertaking but obviously nothing is immune to others copying it or doing it better. the big advantage they have (other than Vitalik and co on board) is the parent company Omise is already processing tens of billions in payments every day and those will all be moved over to the OMG blockchain when it launches. this is as close to a sure thing you're going to see in investing my nigga

>>7545817
Go to support.coinbase.com and search a few coins like "Dogecoin", "Auger" and "OmiseGo"

>>7545817
Putting together things with common sense
>coinbase says they are adding an erc20 token
>omisego meets with the owners of coinbase to discuss the future of omg
>omg is the plasma upgrade to eth and directly works with eth so it can scale to 1million tps+

>>7545779
lisk hahahaha. javascript

https://www.bitsonline.com/gdax-coinbase-add-new-coins/

This was published a week after Greylock met with OMG. Greylock is also invested in about 626 comapnies, they completed Series D funding for Coinbase on 8/10/2017 with $108M total raised. One of the largest if not largest investments from their companies listed

>>7545867

Any word on if the apple partnership is still in the works?

>>7545919
what the fuck are you talking about?

>>7545919
That was never a thing just /biz/ being retards. FYI that skateboard photo was taken in 2016, check Jun's twitter.

>>7545852
omise was doing over 100 million in transactions per day with 50k merchants and 420million customers even before their business boom. They said they are connecting 15 financial institutions, working with banks, more people under nda. Omise has all the business and notoriety already they are just in the middle of moving it to the blockchain. $50 or more is completely possible in 2019

>>7545956
>$50 or more is completely possible in 2019
It will crush $50 before 2018 is even over.

>>7545956
shhhhhhh. that's enough. keep stacking.

>>7545867
aaaand it's nothing

>>7545974
$50 in staking rewards per coin not $50 per coin

>>7546005
try it yourself anon

>>7546120
and no mention of OMG in it

>>7546120
Omg was one of the first ones to be found in the search before they added a bunch more to throw people off the trail once it got spread around

>>7546013
Oh makes sense. I need a few thousand of these now

>>7546183
the point is this page doesn't show when you search any currency you brainlet

>>7546213
I searched Monero, Tron and Zcash and it came up for all of them

>>7545956
The $50 figure I originally responded to was staking returns per token, not token price

>>7546236
the search originally only had a few that worked but it got spread on reddit and they started to add a lot of more coins that led to that page to make it seem like an accident

>>7546243
so was mine bb

https://www.youtube.com/watch?v=3IJ6uWQzzwk&feature=youtu.be&t=338

HOLY FUCK. Brian Armstrong's mission for a mobile payment gateway in 2017 to be built on the ETH network effectively became OMG.

HOLY SHIT It used to be called Token and disappeared right around the time OMG started being developed

So guys, how much OMG would I need to not need to pool in order to stake?

>Tfw bought with life savings at $3 then pulled enough out to make roi at $23 and still have over 8k omg after picking up a couple other shitcoins.
I can't believe i only need to be a wagecuck for 2 more years max and I owe it all to you /biz/

>>7539295
yeaaa boi

>>7546357
If this is true I'm buying 3 lambos

Vitalik himself that said that this is the ponziest erc 20 out there and to stay away, im just looking out for my fellow biz tards

>>7546531
Weakest FUD imaginable

>>7546400
>how much OMG would I need to not need to pool in order to stake?

>>7546583
him and poon are literally deving for omg but don't want it to be formally known because it'll create hype even though they openly state they are all developing plasma together

>>7546601
Good question wondering this too.

>>7546601
>>7546630
Probably 1000-2000

>>7546630
>>7546400
Not known as yet. I would think over 1k.

>>7546601
4000

>>7546400
As stated, no one knows as of yet, but holders with fewer tokens can pool to run a node.

>>7546694
Link source?

>>7546787
How do you pool anyway? I'm very new to staking coins in general so I don't have the best grasp of how running a node even works. I'm guessing you will only be able to do it with OMG's own wallet right? Is it a feature built into the wallet or something you have to set up yourself?
Like I said I don't fully understand how this works.

>>7546922
it'll be retard proof don't worry you just need a pc, laptop, possibly a raspberry pi or vps to run the staking client

it is scientific fact you need 4000 omg to make it. anyone who says otherwise is larping

>trying to buy some ETH on coinbase to exchange for this shit but it keeps denying my debit card and my bank account link never shows the two transactions required to activate my account

Does anyone know why this shit happens or is there an alternative website? I want in on this before it takes off and would love to come out of the army with a nice stack of savings in a couple years so I don't have to fight the VA for benefits or anything

>>7546970
end of 2019 will have omg over 1500 with staking rewards over 100 1k will make it and even just staking will put most wagecucks to shame with 0 effort required

>>7546985
use gemini fuck cb

>>7538977
what coin is this?

>>7546985

Call your bank and see if they're flagging it as suspicious activity, and open a coinbase support ticket if it's not. You can make an account on gemini in the meantime but their identity verification tends to be famously long.

Is anyone else hoping that Bitcoin takes a huge dump down to 3k so that they can accumulate cheap OMG (and other cheap crypto) as the market follows?

>>7547131
yes, I'm waiting just for this. I already have a healthy stack of a few alts, but I have fiat waiting in the wings to buy the mother of all dips.

>>7547089
How long will you be able to stake OMG for though?
Will that 100 per coin last forever or are we talking 5-10 years of staking before something replaces OMG?

>>7547131
Because 90% of Biz is hoping this will happen I really doubt BTC is dropping below 6k

Neo or OMG?

OMG seems like a sure moon mission, but NEO is like a guaranteed 10x eventually

>>7538300
OMG will be dumped on the wallet release, why would I want to buy when its priced in?

>>7547172
What is going to replace something that can scale to billions of tps with low fees and a dex allowing conversion of any currency with fiat deposits and allowing any payment gateway to be used through omg regardless if the place your using accepts it or not. Omg will be the backbone to crypto, business, financial world

>>7547263
OMG has an actual revenue source behind it based on an already established multi billion dollar per year payments system. Does NEO have that?

>>7546357
wtf

>>7547278
maybe because of the conglomerate intergration within a month of wallet release. do you retards even research at all or at least look at the info dump
>>7542811
>>7542811

>>7547298
Really?
Because if that is actually true and it basically becomes the backbone of the entire world economy, supporting almost every financial transaction. IF that actually happens OMG will become absolutely huge, as in, if that actually happens OMG could become bigger than Bitcoin in the future.

>>7545716
Thanks good points

>>7547124
>>7547115
Thanks for the advice fellas

t. infantryman who doesn't want to do anymore fucking manual labor with ruined knees after he gets out

What time span are we looking at here guys? 1 week? 1 month? 1 year? Time moves fast in crypto and Itd be nice to ride other moon missions for more OMG

>>7548067
OMG should stay mostly steady until they introduce their steaking system so just having OMG coins generates money. That will cause the price of OMG to increase, I would say expect maybe $100 EoY with a continued exponential rise throughout 2019.

It's a long term hold coin, not a short term trading coin.

I'm a firm firm believer in OmiseGO but the initial rewards might be tiny to begin with. Plasma won't be introduced right away either. I think there could be a steep price drop at some point after staking rewards are announced. Pay attention to early adoption not early rewards.

>>7548177
>$100 eoy
Talk about lowballing the hell out of it. This baby is going to be at least $500+ with tokens taken out of circulation for staking and general market hype starts for it when it drops partner bombshells all year

>>7541701
is this the intelligence of tge average omg investor?

>>7548296
Minimal viable plasma is already done vitalik and his cronies did that in less than a week and the only difference between mvp and final revision are features that get added as time goes on

>>7548415
I was being conservative. It's no good to sell people pie in the sky dreams that might not happen. 100 EoY is pretty solid chance of happening, 500 EoY might or might not happen depending on adoption and such.

>>7548470
It could easily reach 500 based off just what omise handles on a daily basis let alone everything else going on with banks and financial institutions. Seems like it's going full circle back to the $700 pbr estimate with everything there is to know about omg now

IS staking onlyine on OMG?Any calculatoR?

>>7548296
Also wallet release in q1 = mvp so yes we are getting plasma much sooner than you think

>>7548563
Staking in q2 pajeet look at the infodump >>7542811

>>7548470
It's a work in progress as they have stated. Don't act as if it's a finished product.

https://blog.omisego.network/construction-of-a-plasma-chain-0x1-614f6ebd1612

I got 10, how many do I need to accumulate this year to make it? Just trying to make it to 100-200k to buy a condo/house

>>7548811
Expect roughly $1000 in a few years if things go according to plan. EOY realistically I think $100 is reasonable.

>>7548444
Why does it need to be on its own chain to function as intended? If omg acts as a purely staking token for people that are plasma validators, it could do that just as easily as an erc20, could it not?