/biz/ - Business & Finance

Manipulation.

>>9771461
Devs dumped & bailed
Also they fooled anons about partnership and product development.
Vaporware&scam.

>>9771563
Delet I'm still selling

so request network put out a reward system for people creating apps based on the request protocol "the request fund". people had to send in applications with their ideas. if their idea was accepted, they were granted an initial amount of capital to help them develop (in REQ tokens).

i suspect some of these ideas were accepted, and the tokens were send out to them (hence the increased circulating supply on CMC). what the new owners of these tokens do with them, is up to them --> they sell them for a safer alternative in a bear market (eth, btc).

more sell pressure than buying pressure.

i havent seen any tangible transactions though that back up my claims. i havent had time to look it up.

if it is the case, then its very naive of the request team to think that the sent-out req tokens would not have a big impact on price. incompetent you could say.

on the other side, many people have no clue how much of a deal the paradex acquisition is by coinbase. REQ is one of the most professional projects out there and could very much land on coinbase unexpectedly. coinbase have signalled multiple times that they want to cause the ecosystem to grow. REQ could be causing this growth.

volume is bad though, and, we all know that there are always insiders that'll know whether req will be listed on coinbase or not. this should be reflected in more volume. this is not the case as of yet.

i keep holding, i know its a good project, and im gonna stick with it.

>>9771630

Thoughtful post.

At these shitting prices, I've got no other option than to hold.

We've seen that even total garbage in crypto is capable of supporting price movement, like Verge, so anything short of an exit scam should eventually go back up.

But the opportunity cost... It just hurts to know that I could have sold the top and had 3x the purchasing power I do right now to make new investments...

>>9771630
You know you can actually see where tokens go using etherscan.io, right? You don't need to guess anything. You can see millions of tokens going from the REQ dev wallet to Binance. What do you think happens next, that they transfer it from Binance to someone's wallet? Kek.

tbf I don't think devs are "dumping & bailing" but they're obviously selling stuff for whatever reason and that is contributing quite a bit to the circulating supply increase ON TOP of the stuff they've doled out for apps & partnerships.

>>9771698
I'm stuck with 10k of req bags bought @ 30 cents a piece.

It hurts Anon

>>9771698
Don't look back at your mistakes and think like that, be glad you've learned your lesson and do the best thing in your current situation (holding or buying more)

>>9771730
40k at the same 30 cents, anon. Watched a dozen other opportunities pass me by, including selling REQ at the top since I had bought most in November when the rise started. Fucking HURTS yes.

>>9771698
anyone with a big stake has too much of a slippage to be comfortable with.

the total garbage projects have teams that are in touch with market makers, so they benefit from eachother by coordinating hype. REQ does not have that, its a legitimate projects and this comes with legitimate price.

dont fall for these low prices, it can pick up any moment and go explosive. the book is thin and will remain thin until some killer announcement is put out. you'll see what happens then.

realizing that many opportunities went by is already a good lesson learned. be happy you learned that lesson now, instead of in the future. you'll be able to seize on your mistakes soon enough.

pull the trigger when things look too optimistic. i know its hard.

>>9771724
if there would be any tx'es from dev wallets to binance it would be noticed. but if you have seen them, link me the tx hashes.

theres no bailing, im sure of that. but it seems theyre throwing around tokens at unfortunate times.

REQktlets stop subsidizing froggies.

>>9771790
https://etherscan.io/tx/0xd566fa56fc53ddcc6dd95c027a2235ad8509388f5bb2a14004c25e0c20bc8e22

>>9771724

Man, I hope someone brought this up in the AMA that is going to be answered on Friday.

Have these assholes burned through their ETH stack from ICO?! 30 million fucking dollars among 6 people is a LOT of cash, considering all they have to show for it is a button.

>>9771983
idk how the ETH stack worked but they've sold around $2-4MM of REQ since Feb.

>>9771957
thanks

looks like about 12 mil req went out to binance (13 feb 2018), 5 mil came back. thats 7 mil req sold from the teams wallet to fund other projects

at the time of 13 feb, 7 mil req was worth 186 btc (assuming no slippage)

7mil req at that time was worth 260 btc = 2.2 mil usd (at a rate 8600usd/btc)

could mean that theyre still not finished selling the 7 mil yet, hence down pressure. 7 mil is not that much though, should be easy to sell over this much time.

>>9771461

I bought 6k REQ at ICO price so I guess I am alright... I am mad for not selling at 1$ though...

It'll eventually moon though, so I am fine holding this.