/biz/ - Business & Finance

[Anonymous No.17364205]

i've got $50k usd from last year's christmas bonus is it a good idea to dump all 50k of it into this pajeet coin and stake it? staking rewards at 50k worth of fantom is like $2000/month usd last i checked

what's the /biz/ consensus? legit or prakesh scam?

[Anonymous No.17364367]

>>17364205
it's legit, but you must be ready to hold it for some time(like a year or something like that).. at least I hope so

[Anonymous No.17364436]

>>17364205
Imagine dumping 50k into a biz scam of the month.

Just buy Algorand or VeChain.

[Anonymous No.17364522]

>>17364205
It's what I'm doing. Pretty clear FTM is going to be one of the big players next year.

[Anonymous No.17364597]

>>17364205
And you are ok with freezing big funds into a BITCONNEEECT-like coin?

[Anonymous No.17364618]

>>17364205
It's a scam. No devs. Lies about everything, tps, partnerships, team etc etc.
>>17256354

[Anonymous No.17364965]

Worst scam in crypto since bitconnect

[Anonymous No.17364975]

>>17364205
If you want more than that, stake CENNZ

[Anonymous No.17365192]

>>17364205
I've done what you're planning.

Disregard the retards shouting scam at this. The project is legit, the tech is legit, and the rewards are best in class. DYOR and decide.

[Anonymous No.17365322]

>>17365192
>>17364205
>the rewards are best in class
This is what a Ponzi scheme looks like, unlike legit cryptos with low inflation rates, rewarding stakers for securing the network. All staking rewards will be released simultaneously, causing the price to crash and thus rendering FTM +staking rewards worthless. Scam. Beware
>The project is legit, the tech is legit
Ask about documentation and data for their "central banks partnerships" and stress test of their newtork, tps etc, and the Fantom scammers run away like rats.

[Anonymous No.17365399]

>>17365322
Just look at the quality of the fudders, they do not even know what ponzi is.

It's a no brainer to invest here.

[Anonymous No.17365427]

>>17364205
I wouldn't dump all into this bro, I have a fat stack but we need to see some genuine progress with the project desu.

Maybe put 10k and diversify your potfolio with some drinks like amd, and emerging energy companies. I'd steer clear of Tesla for now, think it will hit 1k then dump down to $600.

[Anonymous No.17365437]

>>17365427
Drinks? Stonks, fucking phone..

[Anonymous No.17365442]

>>17364205
I've invested similar amounts, a bit less. Staking is definitely comfy. It's $2k per month now but if this explodes it'll obviously be more. Even at $0.05 it's an insane income.

[Anonymous No.17365461]

>>17365442
Can you link a lazy fag how I go about staking this. Ta very muchly.

[Anonymous No.17365496]

>>17365399
>they do not even know what ponzi is
Price -> insane staking rewards far outside needed for just securing the network -> artificial scarcity -> price rises (not in this case as scam Fantom scammers got exposed. That price does not rise but rather fall despite obvious Ponzi should worry the hell out of investors) -> more people buy -> more people stake -> price rises -> more people stake etc etc.
Conclusion, price rises not because of fundamental, they stay the same, but solely because of Ponzi stake rewards. If people break away from the locked up FTM, wiped out stake rewards Ponzi scheme, something they WILL do long time before June 2020, the whole house of cards will crash and price go to zero.

[Anonymous No.17365516]

>>17364436
>VeChain
Fucking recommends the biggest scam in crypto right after bitconnect. What else should he buy ? Req?

[Anonymous No.17365523]

>>17365442
You havent made $2k a month staking ftm, anyone with half a brain knows this is bs. If you have been staking, you have lost money. Maybe you made 2k ftm, which isnt even $200, but even then, you would still be down. Nobody but swing traders make money on ftm.

[Anonymous No.17365525]

>>17365322
The tokens from the staking are from the team. If it was a ponzi the tokens would come from the investors. Fucking fudder

[Anonymous No.17365561]

>>17365442
>It's $2k per month now
It's a Ponzi scheme. You have not earned anything but will lose everything as the price will crash to zero as you all will have your funds unlocked in June 2020. That you can't withdraw your funds without losing your staking rewards plus wait 7 days should tell you idiots everything. Only reason for those conditions is to create artificial scarcity to rise the price plus time for team to dump on the market while idiotic stakers just have to watch their assets dwindle or sell at a loss and losing all staking rewards.

[Anonymous No.17365576]

>>17365525
>The tokens from the staking are from the team.
That's inflation, you idiot. Team does not give you any wealth. The fake rise in wealth is fake and fabricated by the scammers to trick idiots like you believing you got something for nothing. Classic Ponzi.

[Anonymous No.17365596]

>>17365561
This schizo is becoming less and less coherent. He should really take his pills

[Anonymous No.17365618]

>>17365596
>This schizo is becoming less and less coherent. He should really take his pills
It's you that are too low IQ to understand this simple and obvious fraud. You are more retarded than the Bitconnect "investors".

[Anonymous No.17365634]

>>17365596
Give me ONE good reason for your stake rewards to be wiped out if you unstake before June 2020. Give me ONE reason for you to wait seven days before you get your FTM back.

[Anonymous No.17365638]

>>17364205
Put it into MCO instead. Or use DeFi, less underlying asset risk (if you make a ten percent staking return on an asset thats dropped 20% in price how much money have you made?)

[Anonymous No.17365648]

>>17365596
lmao i bet you held bitconnect in 2018

[Anonymous No.17365668]

>>17364205
best move of your life

[Anonymous No.17365680]

>>17365496
See? He doesn't know what Ponzi is.

Kek. Fucking retard.

[Anonymous No.17365702]

>>17365680
You are a complete moron. So if someone chanced Bitconnect's trading robots to trading team (humans), then suddenly it would not be a Bitconnect scam, right imbecile? Even though exact same scam model.

[Anonymous No.17365719]

>>17365680
You retard said the project is legit, so give us your documentation for your "partnership with central banks" and how central banks are going to use your fake Mickey Mouse network. Just as Bitconnect you are lying through your teeth about partnerships. They said Visa, pic related, you Fantom scammers are more insane and claim central banks.

[Anonymous No.17365783]

>>17365618
>>17365634
Take your pills
>>17365648
lmao I bet you thought changing your IP wouldn't immediately out you as the schizo. Take your pills.

[Anonymous No.17365825]

>>17365783
>Take your pills
Typical moronic fantom scammer reply.
>lmao I bet you thought changing your IP wouldn't immediately out you as the schizo. Take your pills
The mentally insane and schizo scammer see me everywhere. Time for you idiots to report me for "racism" again. Here; "whole chink team exit scammed". Go nuts Fantom scammers and plebbitors.

[Anonymous No.17365848]

>>17365783
>Take your pills
Typical moronic fantom scammer reply. Don't understand crypto. Don't understand basic logic. Can't provide documentation.
>lmao I bet you thought changing your IP wouldn't immediately out you as the schizo. Take your pills
The mentally insane and schizo Fantom scammers see me everywhere. Time for you idiots to report me for "racism" again. Here; "whole chink team exit scammed". Go nuts Fantom scammers and plebbitors.

[Anonymous No.17365855]

Check out ICX. It has great staking rewards and price is still near ATL. Guaranteed success with their connections to government and big firms.

[Anonymous No.17365861]

Looking at FTM's TG, it's easier to understand why people are still staking and holding. They have lost so much money and time, that they feel like maybe holding out wont be worse than losing all their money... idk why they are like this, but my guess it's the first time most of them have done staking and most are poor people with not much money gambling for long term gains.. some of them are seeing all the other movement in crypto and their coin continuing to lose value whether or not BTC is up. Their tokens are locked in and it's at a minimum 7 day process of getting your money back. It's a perfectly designed scam for noobies, greedy low iq, poor people, and risky gamblers with no knowledge of markets/investing

[Anonymous No.17365939]

whats the fudders endgame? He's fully emotionally invested in fantom, seems like a waste of time to shit up every thread.

[Anonymous No.17365956]

>>17365848
Just pick up the bottle and take as many as the doctor prescribed.
>>17365939
He's preparing a class action lawsuit against chink fantom foundation scammers, that's why he has a folder full of screenshots and copypasta

[Anonymous No.17365970]

>>17365461
I'm lazy too. Just Qwant search Fantom staking. Medium article should pop up.
>>17365523
I've made 100k fanties from staking so far. Not too bad. I understand it's not real money until I sell in June. We'll see what happens.

[Anonymous No.17365980]

>>17365970
Based and not pretending to know everything in the universe pilled

[Anonymous No.17366021]

>>17364205
>staking rewards at 50k worth of fantom is like $2000/month usd last i checked
Ask yourself how long that can continue.

[Anonymous No.17366048]

>>17364205
I'm honestly surprised people still fall for this one. It was the pump and dump flavor of the month over a year ago
>"I'm getting ETH vibes
>I'm getting antshares vibes
It's incredible that it's still shilled.

[Anonymous No.17366069]

>>17366021
there is a finite supply of fantom so not long, i assume defi staking after.

FTM from early staking can then be staked across multiple fantom networks. Its a long term play. Short term i think it will have a negative effect

[Anonymous No.17366129]

what most of the fudders and telegram members ironically dont understand is this current staking system isnt the end game. You will eventually be able to stake the same FTM across multiple Mainnets at the same time. And earn a lot of passive income. They are getting all the tokens out there and if you are early you will have more FTM to stake elsewhere. Not sure if it will work as it assumes everyone is longterm. Most just see the $$ signs as their balance goes up.

[Anonymous No.17366165]

>>17366069
>>17366129
They are lying about their central banks partnership, their devs (they have none) and everything else. To stake FTM is just as stupid and futile as staking Bitconnect (BCC)

[Anonymous No.17366264]

>>17366165
shut up you bore

[Anonymous No.17366343]

>>17366165
hi schizo, how your DAG and MTV bags doing?

[Anonymous No.17366424]

>>17365702
Kek, has no fucking idea what Ponzi is.

[Anonymous No.17366436]

>>17366343
DAG close to overtaking FTM in market cap. Doing a 10x since I informed about DAG in early last summer. Soon releasing mainnet and claiming to have solved horizontal scaling with dag. If true, I believe so, this San Fran tech company will have 1B market cap at the end of the year, minimum. MTV is a great buying opportunity now as a whale in financial distress has been dumping over 100 million MTV since mid Jan, plus a tons of toxic "investors" in their Telegram whining about their losses (i.e. great buying opportunities for new investors) that must/will be flushed out. Fundamentals are great with final testnet out. Leading sharding technology with a market cap of less than 2MM is a bargain. That being said, there is always an extra layer of risk regarding China, but also higher rewards. More here:
http://archive.is/YxxWP

[Anonymous No.17366451]

>>17366424
>t. low IQ and ignorant FTM "investor" aka gambler, too stupid and tech illiterate to realize that he has been scammed.

[Anonymous No.17366458]

Someone make a fantom of the opera meme. I will send a few fantas as reward for ur hard work.

[Anonymous No.17366462]

>>17366451
Kek, he doesn't know

[Anonymous No.17366503]

>>17366462
>Kek, he doesn't know
Great "argument" there, FTM scammer.

[Anonymous No.17366630]

>>17366436
This is the most pathetic shill attempt on this board and you should seriously kill yourself.

[Anonymous No.17366654]

>>17366436
Fantom - chinks
MTV - china

honestly how rekt did you get on Fantom?

[Anonymous No.17366787]

>>17366630
>This is the most pathetic shill attempt on this board and you should seriously kill yourself.
Hysterical and rabid Fantom scammer unable to defend his scam, spam and shitcoin. Tragic.

>>17366654
Not all Asians are chinks. Asian scammers are definitely chinks. Learn the difference, Fantom scammer.

[Anonymous No.17367245]

That's not true.

[Anonymous No.17367286]

>>17366787
Retard, can you explain without drooling what a ponzi is?

[Anonymous No.17367428]

>>17365939
IMHO the fudder got JUSTED at buying at the top in june or july and sold at big loss.
Poor guy.

[Anonymous No.17367460]

>>17367286
1. You create fake wealth or promise of fake wealth
2. Using this fake wealth you trick low IQ people to "invest". Staking rewards, aka inflation and artificial scarcity. Ponzi used a portion from previous investors to claim wealth creation.

If stakers stop sell, it will all crash, as if Ponzi investors starts to withdraw, despite promises of fantastic future return. Normally a Ponzi will have time regulations, that you can't withdraw within a certain time, another variation is that you lose all your rewards, just like the Fantom scammers, to trigger greed and avoid a run on the Ponzi scheme.
3. Instead of stealing the money right away, you use the "invested" money to create more fake wealth and lure more people in.
4. Continues exponentially until implosion. Scammer took all the wealth before implosion, tricked "investors" get nothing or best case, only a fraction of what they "invested".

[Anonymous No.17367472]

>>17367428
>IMHO the fudder got JUSTED at buying at the top in june or july and sold at big loss.
>Poor guy.
More tragic lies from the low IQ Fantom scammers, unable to defend their scam and utter shitcoin.

[Anonymous No.17367499]

>>17366787
Imagine going to all this trouble to achieve the same result as a BUY DAG MTV SIRS post. You seriously have Asperger's and need to find a hobby more suitable to your condition and leave us the fuck alone. I don't care if you kill yourself or just leave this board

[Anonymous No.17367570]

>>17367499
Time for you Fantom scammers shitting up biz with your constant spam to fuck off. You are officially 38 paid psychos doing nothing but hustling, scamming and spamming. NO DEVS.
https://www.linkedin.com/company/fantom-foundation

[Anonymous No.17367620]

>>17367460
None of this applies to shitcoins you fucking idiot. They aren't money, it's not a Ponzi, you need to take your pills then read more than a Wikipedia summary on the things you want to talk about.
Coming into every thread and repeating the exact same fucking things for weeks upon end is spam, if this were r9k you would never be able to talk again.
You've already proved yourself to be dumb enough to think the technology of DAG and MTV are impressive, why should anyone take you seriously when you always end up at the same copypasted shilling of alternative and far more sketchy projects. It's like talking to a bot

[Anonymous No.17367653]

>>17367570
I see Andre Cronje as dev but I cant see others people because I am not registered on Linkedin.

[Anonymous No.17367699]

>>17367620
>it's not a Ponzi,
With market conditions staying the same, a Ponzi must have new "investors" to keep going, camouflaging that the wealth creation is fake. Same with Fantom and staking. There is no real substance behind a Ponzi, it's confidence game, so if people start to sell off a Ponzi, it crashes. If people start to withdraw FTM from staking, it will crash, due to zero fundamentals backing up the price.

[Anonymous No.17367711]

>>17367653
Code reviewer scammer Andy is not a dev. The devs listed on Fantom's website belong to Russian blockchain companies,

[Anonymous No.17367746]

>>17367711
Andy is your stepdad right?

[Anonymous No.17367843]

>>17364205
Legit question. What happened to the CEO. He is no longer listed on the page, but it is still on his linkedIn?

[Anonymous No.17367854]

Put in all in PNK

[Anonymous No.17367865]

>>17367843
he left pretty much. Andeep is king now

[Anonymous No.17368116]

>>17367699
If Fantom had the promised 300K or even 80K tps, dag and smart contracts, you would have fundamentals to back up your price. Now you have nothing but lies and empty promises, your Ponzi scheme with staking rewards are the only thing that keeps up the price, but when the confidence is gone, it will all come crashing down, long time before June. The team have been dumping and they will continue to dump, with one massive dump while your FTM is trapped in staking and your absurd 7 days waiting time before you get them back. It couldn't be clearer that FTM is a massive Bitconnect style scam.

[Anonymous No.17368670]

I just bought a bunch of Perlin.
I hope I didn't get scammed.

[Anonymous No.17368685]

>>17368116
I see drool and tears in each and every of your posts.

[Anonymous No.17368882]

>>17367843
He exit scammed. Now the team is trying to save face and get as much out of the scam until the inevitable collapse. Another reason why the team stopped fomo'ing like they previously were before staking and last mainnet. Its why Andre has distanced himself from FTM and is working on other projects. It's why Chen is retweeting and liking posts not ftm related and essentially silent about ftm developments, future, and stopped marketing. It's why the "team members" in the telegram tell the investors it's their job to give them money and market for ftm or they will lose their investments and their holdings be worth nothing. It's sad.

[Anonymous No.17368927]

>>17368882
so Dag do pay you, interesting

[Anonymous No.17368982]

>>17368927
They dont, but that pic is interesting. I will look into it. Wouldnt mind getting paid from them, ftm expects you to do it for free while letting them hold your money for 7 days. That's worse than robinhood/coinbase/ or any exchange or staking method I have ever seen.

[Anonymous No.17369024]

>>17364436
One month? I have like 3k because whatever but this shit has been shilled for like a year and half

[Anonymous No.17369073]

>>17364618
lol schizoid level FUD

[Anonymous No.17369088]

>>17365461
100k from staking? bruh thats not sustainable, good thing it is not true

[Anonymous No.17369151]

>>17369024
And it's done nothing but go down since. I remember it being shilled here when over 300 sats. People were saying it was a gift from God getting at 270 sats. Look at the TG now and they are saying the same shit about under 100 sats. Next month it will be under 80. When staking rewards drop, it will delist before 80% of the stakers sell. I havent heard/seen one legitimate reason why this thing isnt going to completely crash