/biz/ - Business & Finance

[Anonymous No.10853942]

>tfw bought at $12

I JUST WANT OFF THIS RIDE ALRDY PLZ AHHHHHHHHHHHH MOMMMYYYYYYYY

[Anonymous No.10854204]

>>10853942
Sell, free your soul and become a man. With what that is left rebuild your kingdom.

[Anonymous No.10854208]

>>10853942
kek. you know what to do, bagholder, shill it as much as you can so you can break even.
I'll be selling at $12 with you but it'l be a 6x for me.

[Anonymous No.10854615]

BUY HIGH SELL LOW

[Anonymous No.10855701]

Good time to buy some more then to DCA down.

Honestly, my biggest fear with this coin is lots of people like you that just want to break even will suppress prices, but once over that hurdle I really believe it can hit new ATH's

[Anonymous No.10855782]

>>10855701
It will hit higher highs than anyone can imagine if the bagholders finnaly leave the ship. Same like bitcoin

[Anonymous No.10856406]

>>10853942
>Nano has 756 TPS [1]. For a self-proclaimed global currency, it’s a total joke.
VISA can handle over 56,000 TPS [2]. Nano’s claim to be global currency is either delusional or fraud.
>7,000 TPS was boosted and promoted in Dec 2016. Reality it was meagre 100-200 TPS [3].
>Lead Devs are jumping ship. Insiders obviously know Nano is riddled with terminal flaws and future problems.
> Millions of USD sold from the Nano Developer Wallet lately at extremely low prices.
Not a good sign that Devs are dumping Nano in fire sale [4].
>Dev fund is dangerously low, they may burn through that in a matter of 1-3 years [4].
Also; pending lawsuit against Nano foundation.
>Constant node issues. Withdrawals/deposits suspended on several exchanges due to security
and stability issues, multiple times, every single month.
This despite being miles behind having any sort of global currency traffic.
Nano could be years away from even having the potential to be a well-functioning global currency. This is from today [5].
>Coinbase will only use coins stable for multiple months. Nano is far away from that, see above and [5].
Best case scenario is having Nano on Coinbase late 2019, leaving Nano hopelessly behind other cryptocurrencies.
>One single miner can destroy the network via DDoS with 500 GPUs at no cost.
A critical attack vector never seriously addressed by the Nano dev team.
Nano is wide open for a massive spam attack crippling the network for a long time. Not ready for global adoption.
>Nano team seem like tech amateurs. Don’t understand the difference between Random (not cryptographically secure) and SecureRandom. Don’t even understand basic cryptography, disaster in waiting.

[Anonymous No.10856480]

>>10853942
Nano is a total shitcoin. Will dump all my bags once 4 USD.

[Anonymous No.10856485]

>>10855782
thing is btc has the shorting market now that also works to suppress growth. When too many go long then whales are gonna push it down.It can obviously get some decent growth over the long run, I do believe it can go back over ATH, but it is even more difficult.

Another problem is big booms create more bagholders, it goes up a few hundred percent and people jump on, then panic when it starts to drop like 10%.

[Anonymous No.10856507]

>>10853942
>Nano has 756 TPS [1]. For a self-proclaimed global currency, it’s a total joke. VISA can handle over 56,000 TPS [2]. Nano’s claim to be global currency is either delusional or fraud.
>7,000 TPS was boosted and promoted in Dec 2016. Reality it was meagre 100-200 TPS [3].
>Lead Devs are jumping ship. Insiders obviously know Nano is riddled with terminal flaws and future problems.
> Millions of USD sold from the Nano Developer Wallet lately at extremely low prices. Not a good sign that Devs are dumping Nano in fire sale [4].
>Dev fund is dangerously low, they may burn through that in a matter of 1-3 years [4]. Also; pending lawsuit against Nano foundation.
>Constant node issues. Withdrawals/deposits suspended on several exchanges due to security and stability issues, multiple times, every single month. This despite being miles behind having any sort of global currency traffic. Nano could be years away from even having the potential to be a well-functioning global currency. This is from today [5].
>Coinbase will only use coins stable for multiple months. Nano is far away from that, see above and [5]. Best case scenario is having Nano on Coinbase late 2019, leaving Nano hopelessly behind other cryptocurrencies.
>One single miner can destroy the network via DDoS with 500 GPUs at no cost. A critical attack vector never seriously addressed by the Nano dev team. Nano is wide open for a massive spam attack crippling the network for a long time. Not ready for global adoption.
>Nano team seem like tech amateurs. Don’t understand the difference between Random (not cryptographically secure) and SecureRandom. Don’t even understand basic cryptography, disaster in waiting.

[Anonymous No.10856518]

>>10853942
Nano was never going to be the next BCH

[Anonymous No.10856539]

>>10856507 (cont.)
>Nano team marketing strategy is to have no marketing strategy.
>Nano team adoption strategy is to have no adoption strategy. Doomed. Will go to zero.
>Nano essentially following same strategy as Betamax vs VHS and HD vs BluRay.
>First coin on Amazon/eBay/etc will be the global currency. Nano’s avoiding partnership. Nano’s publicly stated “strategy” is to not seek strategic partnership, basis being that USD has no partnership as a currency, so why should Nano have one.
>No smart contracts. Masternode coins utilising high capacity data contracts on their second layer are the future. Nano can't do any of this, it cannot compete with other coins.
>Must run expensive nodes for free. A borderline insane and untested business model.
>Nano team are business amateurs. Pushed BitGrail when clearly a dangerous exchange. Guaranteed bomber as a good guy. Rebranded to Nano right before BitGrail exploded. Retarded decision. Marketing disaster.
>Going from UDP to TCP too late and too slowly [6]
>Hired pretty girl, G. Coxton, who’s done nothing. Why’s she not on YouTube pushing Nano?
>Nano has no ‘human face’ for people to connect with. It’s just an empty logo, unlike other top 10 coins – e.g. Ethereum has Vitalik, Tron has Justin Sun, Litecoin had Charlie Lee. NEO has Da Hong Fei. EOS has Dan L. etc.
>Ongoing lawsuits against Nano devs personally and Nano foundation. Will drive price down, could go bankrupt.

[Anonymous No.10856546]

>>10855782
Bought my stack that I will hold for 5-10 years. Doing what I'd wish I'd done with bitcoin with nano.
It may go crazier since there is no miner sell pressure.

[Anonymous No.10856550]

>>10856539 (cont.)
>Same whales that pumped and dumped Nano first time (-98% from ATH) are doing it again. The delusional Nano hodlers will be stripped of their money again.
>NANO was less than $0.10 a year ago.
>Anyone investing in this shitcoin deserves to lose their money. It will crash and go to zero.

[1] https://www.reddit.com/r/nanocurrency/comments/982bq9/stress_test_beta_network_v15_results_in_here/
[2] https://www.accenture.com/no-en/success-visa-connected-commerce-car
[3] http://archive.is/iq9fP
[4] https://www.nanode.co/account/xrb_1ipx847tk8o46pwxt5qjdbncjqcbwcc1rrmqnkztrfjy5k7z4imsrata9est
[5] https://news.kucoin.com/en/nano-deposits-and-withdrawals-are-now-enabled/
[6] https://www.reddit.com/r/nanocurrency/comments/8kt2ed/universal_block_canary_has_been_released/dzakb0a/