Fantom

[Anonymous No.16825198]

>Fantom
How do i stop the pain?

[Anonymous No.16825932]

>>16825198
sell

[Anonymous No.16825944]

>>16825198
buy

[Anonymous No.16825982]

Spain do I top the How?

[Anonymous No.16826092]

I just sold my 1M. its over. This will go another 50% down. I will rebuy and have 2x more. Easy. There is zero chance it will moon in the next few months.

[Anonymous No.16826347]

>>16826092
This. It won't matter if we stake or just rebuy cheaper, I think the result will roughly be the same.
Might actually be better to rebuy into the -70% candle on the day the staking rewards get unlocked.

[Anonymous No.16826402]

>>16826347
I know the conditions for having your rewards unlock (6 months, less with 80%+ of total supply staked), won't they unlock at a different time for everybody? Are you expecting a lot of people to reach unlock at the same time?

[Anonymous No.16826404]

>>16825198
Hello sirs, u want free money?? Mine with Raahmesh mining! U buy bitconnect BCC for selling all ur valuables, give money to Raahmesh and he will mine 4 u, u will get over 100% roi later year. Same deal with Fantom FTM, just contact Mr Raahmesh at most popular shitting street, second in row, or contact mr andy "codereviewer", the white mr with worst explosive diarrhea in shitting street, very easy 2 find. He has many, many Fantom he create free from air to give u 4 mining if u give him much money. Very good deal, special price 4 u!

[Anonymous No.16826423]

>>16826404
fuck u basterd son of bich, gurdeep's village need more than you, no paved roads nowher us to shit u fucker

[Anonymous No.16826605]

>>16825198
You have to actually buy the coin to reap its rewards.

[Anonymous No.16826630]

Hello sirs, you Fantom long time? Special price only 4 u sirs, buy much now and own place in shitting street whole day. Buy very, very much and free toilet 4 u whole day in house of mr Rakeesh from team Fantom. How much long time you Fantom sir?

[Anonymous No.16826686]

Just stake fantom. Be prepared to sit around a few months. It won't moon in January or even February. But this year yes.

[Anonymous No.16826695]

>>16826347
This is exactly what I'm betting on. I'm going to stake my existing stack because it's small but I'm going to be ready with my finger on the button the day that massive red dildo appears and buy.

[Anonymous No.16826697]

>>16826402
I'm sure a lot of people started staking on the first day the wallet was released, so a lot will unlock on the same day. However the staking numbers go up every day, so obviously there will be some differences. But regardless there will be a lot of Fantom unlocked in the month of July.
I'm not really sure why people are saying there's no chance of the price increasing. As more and more is locked up in staking, the market is going to move easier. Meaning if they drop any major announcements in the next 6 months, the price could go up very quickly. This would then cause some people to pull out their stake, to get a guaranteed profit.
Ultimately what I'm saying is, as long as the price can rise in the next 6 months, it will mitigate the amount dumped come July

[Anonymous No.16826727]

>>16826697
makes sense. I got my bag staked and I'm building another bag to hold in case the price does go up significantly in the mean time

[Anonymous No.16826748]

>>16826697
Also the market knows about the unlock and probably prices it in before it happens.

[Anonymous No.16826818]

>>16825198
you claim free pyro.
https://pyro.network/web-wallet/

[Anonymous No.16826843]

You vote through governance for csdt staking, no lock ups and a token burn

[Anonymous No.16826966]

>>16826727
>>16826748
Just to expand on my point, let's look at a hypothetical situation.

Let's say it's early May. The Fantom team has been making moves, and the price of FTM is now 4 cents. People staking now have a difficult decision to make.

1) Pull out from staking. Here you would forfeit all rewards, but get a guaranteed 4X profit on your investment.
2) Wait until July to sell. Here you keep all rewards, but you have to pray the price holds for another 2 months, and that you can beat everyone else to market come July.

As you can see, option 2 actually feels pretty risky in this scenario, and I think a LOT of people would pull out early to guarantee profits.

[Anonymous No.16826984]

>>16826966
this is what is meant when people say something is priced in, correct?>>16826748

I haven't heard anyone else talk about it, although I'm sure plenty of people are just doing what I'm doing>>16826727

[Anonymous No.16827032]

>>16826984
>I haven't heard anyone else talk about it, although I'm sure plenty of people are just doing what I'm doing
Probably true, although at the same time it feels kind of crazy to just let your FTM sit idly when you could be earning rewards.
I'm considering having a 2nd wallet with a smaller stack. That way I can still stake the extra FTM, but I'm not as hesitant to pull it out should the price rise quickly.

[Anonymous No.16827176]

>>16825198
buy in and stop fudding.

[Anonymous No.16827179]

>>16827032
Can you stake separate stacks from the same wallet (and potentially withdraw separately)? I know you couldn't before the wallet. I might start staking my second stack at some point, but there's a 7 day wait when you want to unlock so I'm not sure I want to risk burning rewards only to watch the price crash in the following week

[Anonymous No.16827186]

>>16826402
you're correct, poster you replied to is a pajeet fudder. everyone started staking at different times so there will be no one moment where there's a massive red candle due to staking rewards.

[Anonymous No.16827227]

>>16827186
I'm not worried about a giant red candle, but a lot of people probably did start staking around the time of the wallet's release. I know you can check how much is staked right now at stakingrewards.com, but is there a chart or anything that shows the history of the amount staked?

[Anonymous No.16827307]

It’s six months from the start of the mainnet for everyone doesn’t matter when you staked. Or when 80% is reached decreasing 1% every week. I think it will be unlocked due to the % staked before the 6 months if they do any marketing at all. Please Chen

[Anonymous No.16827360]

Also everyone should just stake all their tokens to get it unlocked as soon as possible. The price action is boring at the moment anyway

[Anonymous No.16827363]

>>16827307
Really, from the start of the mainnet? What day was that, Dec 27th? and can I get a source on that being the case?

[Anonymous No.16827439]

>>16827307
I also didn't realize it was 6 months from the start of the mainnet. So what, is all staking released on June 27th? Or have they not confirmed that date?

[Anonymous No.16827458]

>>16827439
Pretty sure that's the case yeah

[Anonymous No.16827459]

>>16827363
> To encourage users to stake FTM, and thereby increase the security of the network, rewards are locked until the minimum staking amount of the network (starting at 80%) is reached. This minimum staking amount decreases every second, on average, 1% a week).
Rewards are locked for a 6 month period from the launch of the mainnet.
Note that the above rewards schedule is subject to change, and we aim to have the structure determined by the governance of the network in the future.

https://medium.com/fantomfoundation/opera-mainnet-v0-1-release-and-the-future-9e3bd9723472

[Anonymous No.16827466]

It’s needs to be changed with a governance vote if you read that article

[Anonymous No.16827468]

Also does this mean the threshold is now more like 78%, meaning that minus-one percent per week started the 27th?

[Anonymous No.16827498]

Yes

[Anonymous No.16827546]

Cool thanks anon. Am I right to say rewards won't decrease again until 50% is staked? Maybe I should try to get another stack staked before that happens

[Anonymous No.16827641]

>>16827546
Are you referring to that table in the article? I think those are just example numbers, not hard thresholds. I think it's as simple as the more FTM staked, the lower everyone's rewards get.
For example, right now we're at 713 million staked, and rewards are at 65.82%

[Anonymous No.16827656]

>>16827641
Gotcha, yes I was looking at the table. So those are rough figures like the 1% per week

[Anonymous No.16827671]

>>16827656
Yeah seems that way. Although I'm not sure if the numbers on stakingrewards.com are 100% accurate either

[Anonymous No.16828352]

God please let me make it with this. I don't wanna suffer anymore

[Anonymous No.16828992]

>>16826966

It’s all game theory just like mining. Yes, people could dump after unlocking/unstaking, but that means the remainder of stakes would immediately get a much better return, so people would buy back up to stake and try to capture those rewards, and the cycle goes round.

So if you can manage to be amongst the first dumpers and manage to buy back at a lower price, then you win. But if you sell after a dump then you may end up buying back at a higher price.

Andre has setup the system this was on purpose and it works very well because we’re all talking about it. At the end of the day, just like with bitcoin mining, it’ll probably be most profitable just to always stake and never sell (until you reach your goal).

[Anonymous No.16829009]

>>16828992
Thanks for this senpai, makes me feel a lot better.

[Anonymous No.16829069]

>>16829009

No problem. Some more advice? If you think you spend too much time worrying about Fantom, then research and invest in other coins. Diversification is not cheating, and it can help you keep a level head.

[Anonymous No.16829145]

>>16829069
I have a question. I thought the 6 month lock is from the date i start staking? So if lets say i start staking in few months i will still get the same unlock date? So its just specific date to unlock all and doesnt matter when i start?

[Anonymous No.16829160]

>>16828352
This. For the love of god this. How much you holding fren?

[Anonymous No.16829371]

>>16829145
it's from the date of the mainnet release, not the date you start staking.

[Anonymous No.16829520]

>>16829371
Yes. I think if the stake were actually locked it may be a more fair system, but at least there is a 7 day lock on the coins before you can withdraw the unstaked coins. Using a “sacrifice earned coins” method instead of “lock staked coins for a fixed period of time” seems fine. It remains to be seen which of these two options works best.

This way, there is not only a penalty for unstaking early, but also for unstaking at all. Not clear on whether you still earn coins during the 7 day lockup, but it would be great if you didn’t to further incentivize people to continue staking. These characteristics make it so that you have many things to consider before staking/unstaking which in theory reduces this worst-case-scenario of everyone rushing to unstake and sell en masse.

Again with all these factors to consider, the best option may just be to stick it out and stay staked. Think of staking and unstaking as going long or short, and swing trading. At the end of the day, unless you’re a very good trader you probably will end up losing money/ftm.

[Anonymous No.16830511]

The answer is in this picture

[Anonymous No.16831050]

>>16830511
No shilling please. This is a fantom thread

[Anonymous No.16831187]

>>16826630
Just shut the fuck up you paid fudding pajeet retard, no one is selling

[Anonymous No.16831420]

>>16831050
Fantom is dead. I literally sold mine for Ferrum already up over 200%

[Anonymous No.16831437]

>>16831420
Ferrum is a satsgang pnd

Fuck off

[Anonymous No.16832289]

>>16828992
Very interesting. I have to admit I didn't think about it that way, but it makes perfect sense.
My next question is - when the 6 months is up, what happens next? I know the staking rewards will be unlocked, but how will staking work after that? Does a new cycle begin, and rewards can only be claimed every 6 months? Or is staking essentially unlocked from that point on?

[Anonymous No.16832558]

WE ARE GOING DOWN NOOOO

[Anonymous No.16832588]

I sold BSV at $115 to buy this shit because of larping anons

[Anonymous No.16832693]

what's the realistic endgame price this year?

[Anonymous No.16832729]

>>16825198
The pain ends when this ponzi scam reaches ZERO.

[Anonymous No.16832740]

>>16832588
Well done, always listen to idiots.

[Anonymous No.16832767]

>>16832693
50 cents

[Anonymous No.16832889]

>>16825198
It really doesn't look too good. According to insider information part of the Fantom team has exited with parts of the founding money. Source:
https://www.youtube.com/watch?v=aknFTOo_Yqg

[Anonymous No.16832981]

>>16832767
You lying sack of shit. Main net and staking came out and price barely went up. It’s over for this shit coin.

[Anonymous No.16833272]

imagine not buying this dip. some people here are NGMI