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/biz/ - Business & Finance

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10718416 No.10718416 [Reply] [Original]

Guys is leddit right about this one or should I stay miles away from this falling knife?

>> No.10718433

>>10718416
You'd be literally stealing from someone at these levels, is that what you want?

>> No.10718436

Do your own research. The coin does have fundamentals though

>> No.10718439

just got in. counting on plebbit to pump this fucker to the moon. it worked with IOTA last year

>> No.10718453

>>10718416
Pro: The only totally free, nearly instant "money" transaction coin that currently exists. It's actually fucking amazing how fast you can send Nano with 0 fees.

Con: Not proven at scale, security unknown, lots of competitors in the space

Your call, anon. I'm staying away, too big of a risk profile for my tastes... but I do think Nano COULD be the true future of money on the blockchain assuming it's totally secure.

>> No.10718463
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10718463

>>10718436
I am not real technical so DYOR is useless here. Will I get a lambo if I buy this?

>> No.10718534

>>10718463
Well, I think it is a once in a lifetime opportunity. With these prices, I'm only happy I have a second chance after having missed last November's trai

>> No.10718608

>>10718416
Francesco here from Bitgrail.
You should buy Nano it is the best.
What exchange are you buying and I will put up some nice sell orders so you can buy.

>> No.10718655

I want to purchase a fresh donkey.

>> No.10718668

>>10718416
no incentive to run a node, thus security is questionable (this is how feeless transactions happen)

reddit has not once been right about a coin and no VC firm has nano on its portfolio so if you are looking for longterm outlook, the "professionals" dont see it here

reddit is just looking for the next bitcoin and any arbitrary stat that can be used to spin it as a better bitcoin will be used to justfiy the fact that they dont care about adoption and only price because they are bagholding what they thought was the btc killer

just remember 1 thing... if u have to call it a btc killer, youve already lost

>> No.10719145

i dont even have smart contracts why would you buy a crypto with 0 real world usage

>> No.10719194

>>10718416
500 eoy srs

>> No.10719232

>>10718416
OK, listen. There is a thing called VWAP - moving average with volume correction. If ap irce of a asset is lower than VWAP then VWAP is a resistence of downward cahnnel. So for nano VWAP is1950 satoshi on daily charts, current price is 1937. It's bellow, so it's safe to day that it's not yet moon for nano. It's just a correction of huge sell. That is it. If you really feel a need for nano wait when it breaks VWAP

>> No.10719247

>>10718416
Plenty of alts to pick from.

>> No.10719277

>>10718416
Literally the only coin with a purpose. Normies don't want to pay fees on internet money

>> No.10719286

>>10719232
I know that most you guys want to buy it fast using your gut-instincts. That's why red wojack is so abundant these days, because it's a bad strategy to ignore statistics and TA is based on the statistics.

>> No.10719316
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10719316

>>10719286
How do I use statistics to get laid?
What is a TA?

>> No.10719321

>>10719277
checked for truth
it works right now and it's very fast, also it's "green" compared to BTC

>> No.10719371

Unproven security and no incentive to run nodes. What more do you need to know?

>> No.10719434

>>10719316
TA - technical analysis. You may probably think: Oh, that thing! Is it just a meme?
But it works. And really it takes like a couple hours to get good.
Google MA, VWAP, StochasticRSI.
You probably know about RIS and MACD, bear flag, head and shoulders. WEll! they are useless without holy trinity of MA, VWAP, StochasticRSI/

>> No.10719476

>>10718439
those idiots are already bag holding they wont pump shit.

>> No.10719479

>>10719371
Incentive is to keep your money safe

>> No.10719495

>>10719434
This, what i sad, would be a trade secret if it wasn't 101 knowledge in trading business. But apperently young, hot bloodz dive-in in trading without any ideas what's right, then lose their capital and finally shitpost at /biz collecting memes of redfaces.

>> No.10719544
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10719544

>>10719434
So your saying if I use this VWAP on the TA of the charts I can buy a woman things to like me?

>> No.10719570

>>10719544
With these tools YOU can become a WOMAN who likes you!

>> No.10719617
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10719617

>>10719570
Ok, but I don't want to be a woman. I want to be able to do all the things they do in my cartoons.

>> No.10719695

>>10719617
Depends what kind of cartoons we are talking about. If it's My little pony then probably.

>> No.10719755
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10719755

>>10718416

Yeah sure buy Nano...then enjoy getting dumped on by the hacker who owns 100 million nano lmao

>> No.10720110
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10720110

>>10719755
I just ran the numbers, that is 85% of the supply.
Why would anyone buy this if a hacker has all the coins?

>> No.10720126

>>10718416
Assblaster warned people to stay away from Nano

>> No.10720140 [DELETED] 

>>10720110
Fake news, its 17 million from the supply.

>> No.10720176

>>10720140
The guy dumping for the last 3 months just ran out.

>> No.10720229

>>10719755
>>10720110
Oh yeah? Show me his wallet.

>> No.10720433

>>10718416
>>10718668
>>10719371
These are killer prices, and it'll probably pump at least one more time - I was able to ride the first wave up from $2, but no incentives is a real problem and I'm on the fence about jumping back on. I've read that it only takes a dozen nodes or so to keep the tx speed up, but security is still a question. Regardless, it's a good buy now, we'll see if it pumps

>> No.10720857
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10720857

>>10718416

Two of the biggest issues with the coin:

1. Distribution. So much has been distributed for free to 3rd world ppl that they can still dump insane amounts and it's moon money for them. Add to them those early crypto guys and dev friends and family who got it practically free.

2. Network effect - It's limited to basically plebbit and a small population in the crypto space.

Now I think both could potentially be positives. It's dumped for 7 months and the haredest of any crypto so this must help distribution and getting large amounts of the hands of a lot of nano whales. If this dumps more the rest of the year, this is probably even better news long term.

The small network effect sucks but it also shows how much more it can grow. It really hasn't touched exclusive Asian exchanges, Bitfinnex, etc. And crypto probably has a lot to grow.

>> No.10721468

>>10718416
I find it hard to understand the animosity against Reddit here in general and especially Nano. Bitgrail was an honest mistake by Zack and others. I have yet to see a single person substantiate the claims that he got several 100K$ out of Bitgrail, when others were locked up due to KYC. Also a the rumor that it was Jewish dominated in any way is just a tinfoil hat conspiracy. The Dev team was magnificent the way they handled the Bitgrail problem and diverted all the FUD away from Nano and over to other more suitable fora after advice from their lawyer Joseph Kleiman. Stop the FUD!!

>> No.10721505
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10721505

Be honest, who do you trust more?

>> No.10721539

>>10718416

Why would you buy NANO when NIM exists?

>> No.10721751

I made $1.8M on $2k investment on Nano on January 2nd.

I think I'm going to drop about $200k soon when it drops to 70 to 60 cents again due to the market.

I don't trade. I invest by studying the mechanics of each crypto, Nano is one of the few projects that isn't vapor wave. AMA.

>> No.10721873

>>10721751
What will you do when you lose all your money pretending to be a trader instead of accepting you won a lottery

>> No.10722163

>>10721873
>What will you do when you lose all your money pretending to be a trader instead of accepting you won a lottery


I don't trade though. Trading is for retards who think that they can predict the market. And I already cashed out 1.8M, bought property and diversified my investments. Even if the crypto market crashes to 0 I'll still never have to work again.

>> No.10722194

>>10721751
>isn't vapor wave.
Made straight from a columbian click farm.

>> No.10722829

>>10722163
good for you, bro. i'll be there with ya here in a few months

>> No.10722996

>>10722163
When did you initally buy?

>> No.10723017
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10723017

>>10721505
Eveyone here always calls me a faggot and tells me to kill myself.
I have not tried reddit, but I would assume they would do the same, so I guess I trust you guys more.
I will buy chainlink.

>> No.10723899

>>10718668
really weak fud

>> No.10724005
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10724005

I bought 973 chainlink and now Nano has gone up much more. You guys better be right about these Oracle things .

>> No.10724496

>>10718416
It can't interact with smart contract based fintech, so it's pretty much useless.

>> No.10724507

>>10723017
>I will buy chainlink.

FUCK YOUR MOTHER RETARD FAGGOT SHILL

>> No.10724646
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10724646

>>10724507
It was a Link thread all along, I fooled you all.
You are all not smart people.

>> No.10724692

>>10718416
NANO has the strongest fundamentals in all of crypto

>Instant transactions
>Feeless
>Decentralised, both in design, and in operation
>Permissionless
>Environmentally Friendly
>Scaleable - to possibly 7000tps. (300tps has been seen on mainnet)
>Simple - a User eXperience that even your granny could understand
>Working today (not future vapourware)
>Android, IOS, desktop and browser wallets
>Securable on Ledger Nano S & Jolt hardware wallets
>Easy for merchants to integrate into Point of Sale via BrainBlocks and Kite
>Works even if you're offline, even with paper wallets
>Can securely reuse Addresses
>Not classifiable as a Security
>On Binance and eight other exchanges
>p2p exchanges coming - LocalNanos.com due on Aug 21st and PayFair
>Would cost at least one third of its market cap to breach its security with a 51% attack
>Awesomely-supportive community has contributed many of the above
>Can be used as an arbitrage coin once on all exchanges
>Lack of fees makes it usable globally e.g. in Venezuela where some coins' fees exceed the local daily wage
>No inflation - All coins in circulation
>Easy to run a node with cheap hardware - A single-board computer is enough like the Brainblocks Pod
>No mining required that mess with graphic cards market
>Several block explorers to choose from like Nanode or MeltingIce
>Promising Roadmap with many points already solved
>Driven by intelligent people with a clear vision and awesome Dev team
>Transparent development where anybody can jump in and contribute
>Protocol and many wallets are open sourced like Nano wallet company, Canoe, Nano Blocks and Nanovault
>Being considered for Coinbase Custody
>Near instant and zero fees makes Nano to maybe THE best currency to be used for micro transactions like gambling, betting and other online services

>> No.10725067

>>10718433
Stealing from his future self..

>> No.10725556
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10725556

You did buy the dip, didn't you?

>> No.10725581

>>10725556
I tried to, got error from kucoin. Considering fomoing in anyway.

>> No.10725631

>>10718416
>r*ddit
Lol yeah just like they were right about Bernie? hahahaha
>inb4 t_d
That started as a /pol/ psyop