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/biz/ - Business & Finance

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20368453 No.20368453 [Reply] [Original]

> AMPL is just gonna keep on rising in market cap until it’s top 10, you can’t lose anon
> 95% of people still don’t get what this coin fucking does and just watch it dump 40% day. Their first instinct is to pull out or avoid it.

What exactly is going to be the buy proposition for the casuals and normans who are used to evaluating crypto by watching the value rise? This shit is psychologically primed to make it look like a constant loser as it just dumps day after day.

>> No.20368478

This is what I've been saying all along.

AMPL on the surface looks like a shitcoin pump n dump but really is a compounding monster for those who understand it.

>> No.20368533

Honestly it's not that complicated. As an investor, you're making money if market cap goes up instead of price going up, the only reason why anyone would make more gain on this coin vs another is if they think it'll be a billion dollar cap, which could be said about many other coins (although it's true in some cases there is a risk of dilution which is not the case here)

>> No.20368608

>>20368478
>>20368533
Why do you bother explaining this shitcoin to retards. If they don't understand it that is better for all of us. Let them como into something they don't understand.

>> No.20368635

it's a low IQ filter because more and more hodlers are offing themselves by the hour after losing half their portfolio on a biz shitcoin

>> No.20368648

>>20368453
if it goes low in price value the opposite happens, even if the marketcap is up. we get 25% pumps. normies will fomo into that.

>> No.20368650

is the mcap in coingecko reliable ?

>> No.20368684

>>20368650
It's kind of delayed

>> No.20368718

>>20368608
Retards are the reason I don't have to fud anymore, they already fomo'd unsustainably and experienced the only possible downside to this token.

>> No.20368804

>>20368718
Kek right now this coin is my biggest loser. Next week it will be my biggest gainer.

>> No.20368806

>>20368478
It is only a good investment while the marketcap is rising, and if it can't attract new money, then it will not be profitable. This has the potential to destroy investors in short order. You can make money if you are careful, but this is not the money printer or next BTC that people are calling it.

>> No.20368868

>>20368806
Yea it is. Okay I’ll admit this is verrry optimistic, but so was bitcoin and it worked out in the end.

Ampl is designed to decouple from bitcoin, crypto, and all other markets in general. Once people see that it actually doesn’t crash during black swan events (it doesn’t go below one dollar), people will value it as a hedge and store of value and the market cap will increase with every person who turns into a believer in the protocol, it’s an alternative to gold and btc.

>> No.20368900

>>20368868
Edit: obviously it can go below a dollar (then human greed kicks in and we bounce back) but I’m comparing it to the bolivar or Canadian dollar. Anything other than usd is a shitcoin but confidence in the usd is dropping by the minute.

>> No.20368959

How many should i hodl to make it.

>> No.20368960

>>20368900
If it goes below a dollar, there would be massive selloffs as people try not to lose money. This would drive the price further down and cause deflation at an increasing rate, which means that you would be:

a) Losing tokens
b) Losing value on the tokens that remain

This would be a very fast downward spiral that would wreck anyone not fortunate enough to look at the price for a few hours.
The rebase would not even be able to keep up with the selloff because of the 10 day hysteresis (forgot what it is called)

>> No.20369025

>>20368960
If it goes below a dollar but people believe in the long term stability of the token, there will be buyers looking to grab up tokens cheaply. It will only be able to death spiral early on before confidence is built up.

>> No.20369041

>>20368960
Yeah I dont know how anyone will want to buy this below a dollar.

>> No.20369111

>>20368453
I am finally starting to get it
How much AMPL to make it?

>> No.20369129

>>20369041

Well you are typical dumb money then. You'd rather buy at $2 than below a dollar. Stay poor plebbit.

>> No.20369152

>>20369111

1k ample today is enough.

>> No.20369163

>>20368684
Where can I check most up to date MC then?

>> No.20369167
File: 7 KB, 200x250, 1594717551825.jpg [View same] [iqdb] [saucenao] [google]
20369167

STORE OF VALUE ACHIEVED
WE WORLD CURRENCY NOW

>> No.20369237

>>20369129
Buying below a dollar is absolutely retarded. Read my prior post. Once it reaches close to $1 (probably $1.10 or $1.20) the marketcap will shrink on an exponential curve until it reaches a minimum, where it will stay for a long period of time because no one will want to buy in because you will lose 10-30% of your tokens every day for the weeks or months it takes to get back over $1.

>> No.20369310
File: 45 KB, 771x473, coinpap.png [View same] [iqdb] [saucenao] [google]
20369310

>>20369163
i use coinpaprika, works well enough for me
interestingly the price is dumping but the market cap seems to have found resistance

>> No.20369320

>>20368453
Imagine having to explain how this scam works over and over again. Who do you think youre going to sell ur bags to when the only ppl that buy into this scam are "high iq" autists. Congratulations on your limited adoption all because you designed some convoluted bullshit that nobody understands. You are the idiot here.

>> No.20369651

The design of this overly complex scheme shows blatant disregard for the tax code. I strongly advise to consider the implications of holding a token that will redflag you for an audit 5 years from now for simply holding it in a wallet.

>> No.20369769

>>20369310
It redenominates its value towards dollar each day, so called rebases.

It was first of the projects utilizing ChainLink which is why i stumbled on it.

>> No.20369865

>>20369651
sell the AMPL you bought, report gain/loss based on $ value
sell any AMPL gained from rebase, report as 100% gain
whats so hard about that?

>> No.20369969

>>20369865
Income from gain followed by massive decrease in value the person is being taxed on. Cost basis constantly changing because your stack size is a moving target as is the price; by design. You have have your shitshow you’re all going to look like the vomit covered kid who rode the gravitron too many times.

>> No.20370041

>>20369969
I love IRS posting on biz

>> No.20370071

>>20369969
>>20369651
Wow be gay somewhere else please

>> No.20370739

>>20369969
Imagine thinking I will EVER sell this.

>> No.20370875

>>20369865
>>20369865
In the US at least I think it would fall under "staking" or "mining" thus it would be charged as income. Which then any gain or loss after you received would be capital gain/loss.

If you start losing AMPL as part of a rebase, I think could be considered the same category as trading fees. That is, the fair market value at the time of loss is deducted from your gains.

>> No.20370933
File: 414 KB, 1920x1080, Ampl Attack.jpg [View same] [iqdb] [saucenao] [google]
20370933

>> No.20370975

I have 1000 do i need to do anything to collect more coins or do they just show up in my wallet

>> No.20371077

>>20369969
wtf is this curry laced wording
>>20370875
gains/losses arent realized until i actually sell afaik. hence why i want to sell my initial # of tokens before a catestrophic negative rebase brings my number of ampies below that number.

praying to kek this stuff just shakes tax code the fuck up anyway. so much tension is building this year, normies better wake the fuck up when they see the golden bull run this time...

>> No.20371116

>>20370975
they show up every night 10pm est

>> No.20371174

>>20371116
thank you

>> No.20371267

>>20370975
The whole supply is increasing, there is not a transaction you get into your wallet instead the whole supply gets up and so do your coins.
1 min after 10pm est you go to etherscan - your adress - click tokens - filtered by token holder.

Now you can see "live" how your coins magically wizarded into your wallet.

Best time of the day

>> No.20371515

>>20369237
10% is the absolute max negative rebase at a price of $0.00. You are retarded.

>> No.20371546

>>20371515
>>20369237
It will be a very long time until we see 1$ again.

>> No.20371551

How does it feel to have been laughing about this currency but slowly you realize how wrong you guys were?

>> No.20371572

wait I bought a day or two ago at $1.50. i didn't get any more AMPLs in my metamask wallet?

>> No.20371583

>>20371572
yes you did

>> No.20371592

>>20371572
yes you did or you kept them on a jewish exchange

>> No.20371682

My cat wakes me up at exactly 3:55 am (Europoor time) 5 mins before rebase. I feed her, watch my AMPL rise, then I go back to bed. Good cat.

>> No.20371723

>>20371682
what a fucking rebased cat

>> No.20371849

>>20371515
That just means that it would take longer to get back up to a dollar.

>>20371546
Maybe, maybe not. It will happen fast when it does happen.

>> No.20371924

watching all these huge 100 ETH 80 ETH 50+ETH buys makes me feel good knowing my money is in with all these guys. i can go to sleep while holding a uniswap coin for once.

>> No.20371976

>>20371849
>That just means that it would take longer to get back up to a dollar.
Wrong. The price is driven by demand as every other coin out there. So if we are at lets say 0,80$ it needs demand/buyers to get it back up. That can take 1 day to bounce back or 1 week, depending on the demand.

>Maybe, maybe not. It will happen fast when it does happen.
You really dont understand the coin at all it seems. Try to grasp your head around it. This is not a usual shitcoin that PNDs this is something really new and it will end big.

Imagine this coin at a 10b MC (I know I know hopium and blaa) but just imagine it:
Now the coin is in the range of 1$ and it needs MASSIVE buys or sell to bring it up or down.
When this point is reached the coin will be stable and no big gains will be made with it. This "ponzi" you guys are always yelling is only working UNTIL the coin is stable.
When it is stable it only grows and decline together with the whole crypto market.

>> No.20372039

It will be a stable coin like USDT but much better bc it is price controlled by its code instead of centralized. I think it is very accurate to call this a decentralized federal reserve. This is one of the biggest advances in currency since paper money.

>> No.20372046

>>20368900
based

>> No.20372169

>>20372046
Rebased

>> No.20372206
File: 157 KB, 953x923, A3C83131-CF80-4601-9F44-124602839119.jpg [View same] [iqdb] [saucenao] [google]
20372206

>>20368453
It’s definitely a retard collector.

>> No.20372280

I'm not too worried about reporting my AMPL for taxes. If this ever gets to significant amounts of money for me, it means it's reached market acceptance as a stable coin. Which means that the most natural way to use my large stack of stable coin is to put it into work in some defi scheme. Earn interest, be collateral for a loan etc... In which case I won't be selling my AMPL in any foreseeable time. If I ever do, I'll be retired in a country where I don't pay taxes for my cryptos.

>> No.20372324

>>20371976
I do understand it. Better than you it seems. Demand would be less when it is under a dollar because every day it is under a dollar, you would essentially lose a portion of your stack. It is like buying in to a normal crypto when you know the price is going to keep going down. You would try to avoid it and wait for the bottom, but in this case, the bottom would actually be when it goes back above $1.

I already made money off of it, and got out before it started to collapse the other day.

>> No.20372388

>>20372324
Your "stack" doesn't matter as long as it doesn't go to 0 (which it never will) only your % of the MC matters, which doesn't change unless you buy or sell. As that supply decreases, someone could buy in and get huge % of the MC, making it really joocy for whales at that level.

>> No.20372416

So any etherwallet will get them rebases, right?

>> No.20372427

>>20372416
Yes, just don't leave it on most exchanges

>> No.20372455

>>20372416
Yes, every addresses amount of ampl changes once per day. Exchanges can change the amount of your ampl daily as well. As a matter of fact, they must since otherwise they couldn't reduce your ampl in a case of negative rebase. First hand experience on bitfinex, rebases change my stack there the same way they work on metamask.

>> No.20372458

>>20372324
>insert brainlet gif
I give up on educationg biz this was the final nail in the coffin I can´t take it anymore.
>>20372388
>>20372039
>>20371682
This anon gets it he and his rebased cat.

>> No.20372464

>>20372388
Would that whale be enough to offset the thousands of people that would sell if it got below $1? Probably not. It would take a while for the price to come back to safe levels

>> No.20372466

what happens if price goes under one dollar and someone puts their wallet offline? How does AMPL takes from their balance?

>> No.20372478

>>20372388
checked HH

>> No.20372487

>>20372466
Your wallet only accesses the account which resides on the blockchain, there is no way to take the account offline

>> No.20372499

>>20372464
I think the supply decreasing by 10% every day means that we really would not stay under $1 for long. A couple days at most.

>> No.20372509

>>20372466
>puts their wallet offline
Look that is wha Im talking about
AHHHH
Imagine someone would download his ampl to a paper wallet

>> No.20372584

>>20372466
don't listen to these retards
>>20372487
>>20372509
I still have a quarter bitcoin locked in at 15k on my Trezor. Just lock in your coins in a hardware wallet and MAKE SURE TO LOCK THEM then you will be safe

>> No.20372591

Can someone explain for a newfag brainlet two questions:
1. What is the objective of this token? An alternative to USD/T/C etc.? Hold of value reserve cypto?
2. I have 1 AMPL in my wallet. Will I get more or less over time? If so, what is this dependant on

>> No.20372611

If you only knew how comfy things actually are. ;)

>> No.20372626

>>20372591
If price levels stay where they are, you will have 1.06 AMPL in your wallet tomorrow since rebase is around 6-7% now

>> No.20372691

>>20372584
>I still have a quarter bitcoin locked in at 15k on my Trezor.
Should have locked that in on 19k. Im afraid of locking my ampls not sure the rebase can pass the lock

>> No.20372693

>>20372591
The goal of this token is to replace USDT and other "stable coins" by being a decentralized elastic supply token. AMPL seeks to solve the inflation/deflation problem all currencies face.

>> No.20372716

>>20372691
As soon as you put it on an exchange it will revert to the current value...

>> No.20372742

>>20372591
>What is the objective of this token? An alternative to USD/T/C etc.? Hold of value reserve cypto?
Yes. When the token is an adult it will be stable and used widely as a stable medium of exchange but also as a hedge against other currencies to preserve your wealth.
> I have 1 AMPL in my wallet. Will I get more or less over time? If so, what is this dependant on
it depends on the average price of the token per trading day.
If we pump to lets say 2$ today we will get a rebase of around 10%. We pump more = more rebase / we decline in price today = less rebase.

>> No.20372750

$2 waiting room.

>> No.20372777
File: 61 KB, 540x680, 1585340267749.jpg [View same] [iqdb] [saucenao] [google]
20372777

>>20372716
OK enough with the plays I cant stay serious and troll at the same time. We pump to hard currently for me to troll so lets stop it here.

>> No.20372785

Let's say I kept my AMPL offline for one month and price went under and over 1$ a couple of times. How does the system now I much should be given or taken to my wallet? What happens if i should have lost more than what i own? like i started with 1k, locked, system gives me 500 then price dumps and needs to take 1200 but when i come back online i only have 1000. What happens?

>> No.20372803

>>20372785
You don't have anything on your wallet. It just shows how much AMPL you have in the network.

>> No.20372814

>>20368453
> pliz ser bay may bags

>> No.20372822

>>20372785
your wallet appears on the blockchain. your internet connection is irrelevant.

>> No.20372825

>>20372785
puh... very hard questions anon. Now maybe read your question again and then answer yourself how exactly you get your tokens fucking OFFLINE

>> No.20372833

>>20372693
>>20372693
not true, it's a synthetic commody, they clearly state it's not a stable coin, wich makes it even better

>> No.20372860

>>20372833
Yes but once it is stable, think long term lets say 3 years, and has a high MC it only grows together with the crypto MC. So yes it is not stable but it is somewhat stable.

>> No.20372870

If this is an erc20 token and I can store it on myetherwallet why can't I get them offline?

>> No.20372948

>>20372870
How can you have a coin/token that is in a blockchain AND not online??

>> No.20372972

>>20372870
only works if with a locked hardware wallet

>> No.20373176
File: 73 KB, 741x568, 1551638798790.jpg [View same] [iqdb] [saucenao] [google]
20373176

There are only two ways to make money on AMPL in the long run
1) Play the incentive scheme properly during periods of countercyclical pressure, which stabilizes the price
2) Hold, which increases value
Everyone else gets destroyed and money moves into the hands of people who perform the proper functions required to make the coin stable and grow in in value. It's a natural evolution of the crypto Fed through survival of the fittest.

>> No.20373187

>>20372870
You also need put your browser in offline mode for this exploit to work

>> No.20373343

>>20373187
thanks

>> No.20373548
File: 400 KB, 1242x1785, 5D09F4E2-14AC-467E-A0D8-5E10FBF3718F.jpg [View same] [iqdb] [saucenao] [google]
20373548

>>20372948
Why are all AMPL holders are retarded? I guess you have to be.

>> No.20373555

>>20372785
Is this the new days?

>> No.20373956

>>20372870
based retard

>> No.20373980

The one thing I don't get is if rebases are giving you so much on a daily basis right now why hasn't everyone bought this fucking thing. Currently the dividends are over 10 or 12 percent right? So that's over 10% of my holdings per day? Why the fuck is everyone not already in this then? And before you say, "people are retarded" I'm serious. That seems like a crazy return even for a small amount of money, even after the recent dump if you're still getting back that much.

>> No.20374013

>>20373980
Because rebases decline with price. Currently 6%

>> No.20374032
File: 70 KB, 1080x671, Screenshot_20200715-105324.jpg [View same] [iqdb] [saucenao] [google]
20374032

>>20373548
Well

>> No.20374060

>>20374013
That's still a huge amount compared to 99% of investments in the entire world. I guess maybe a lot of people look at it and think it's too good to be true with returns like that.

>> No.20374073

Rank 1 - 1.0% of total supply, AMPL balance: 1390762, price: $2392111
Rank 2 - 0.5% of total supply, AMPL balance: 695381, price: $1196056
Rank 3 - 0.25% of total supply, AMPL balance: 347691, price: $598028
Rank 4 - 0.125% of total supply, AMPL balance: 173845, price: $299014
Rank 5 - 0.0625% of total supply, AMPL balance: 86923, price: $149507
Rank 6 - 0.03125% of total supply, AMPL balance: 43461, price: $74753
Rank 7 - 0.015625% of total supply, AMPL balance: 21731, price: $37377
Rank 8 - 0.0078125% of total supply, AMPL balance: 10865, price: $18688
Rank 9 - 0.00390625% of total supply, AMPL balance: 5433, price: $9344
Rank 10 - 0.001953125% of total supply, AMPL balance: 2716, price: $4672
Rank 11 - 0.0009765625% of total supply, AMPL balance: 1358, price: $2336
Rank 12 - 0.00048828125% of total supply, AMPL balance: 679, price: $1168
Rank 13 - 0.000244140625% of total supply, AMPL balance: 340, price: $584
Rank 14 - 0.0001220703125% of total supply, AMPL balance: 170, price: $292
Rank 15 - 6.103515625e-05% of total supply, AMPL balance: 85, price: $146
Rank 16 - 3.0517578125e-05% of total supply, AMPL balance: 42, price: $73
Rank 17 - 1.52587890625e-05% of total supply, AMPL balance: 21, price: $37
Rank 18 - 7.62939453125e-06% of total supply, AMPL balance: 11, price: $18
Rank 19 - 3.814697265625e-06% of total supply, AMPL balance: 5, price: $9
Rank 20 - 1.9073486328125e-06% of total supply, AMPL balance: 3, price: $5

>> No.20374289

>>20374073
Rank 10 reporting in

>> No.20374348

>>20374073
I don't understand this copypasta

>> No.20374398

>>20373980
because a lot of people are low IQ and think "price up, more money"

% and real economics is too hard to get for the average bizposter

>> No.20374907

$2 tonight.

>> No.20374978

>>20368453
The "real" money (eth) does not come out of nowhere, as soon as the whole system stop growing faster than staking rewards the whole thing is gonna collapse for another 50% raping everyone who bought above 1$.
You have been warned, do not go in the coin is on its final stage.

>> No.20375012

>>20369865
>>20369969
>>20370041
>>20370875
>declare as airdrop income received on X date at Y price
Chances are if you held through the pump you got income at an inflated price so when you sell it at a lower price (i.e. a loss) you can write that off.
>>20371077
>wtf is this curry laced wording
Are you a fucking brainlet?

>> No.20375017
File: 48 KB, 909x584, file.png [View same] [iqdb] [saucenao] [google]
20375017

i hope you guys didn't panic sell on the market cap expansion phase, did you?

>> No.20375082

To the anon talking about taxes

Who the fuck pays tax on crypto?

If you do you are doing this wrong and don’t get crypto

>> No.20375243

>>20375082
>who the f pays taxes on crypto

stupid amerifaggots. they always laugh at us, europoors, but atleast in my country you dont have to fucking calculate every single crypto-trade to the tax man

>> No.20375274

The more I read about this, the more I realize how fucking smart it is. You get only high IQ individuals in and the pajeets out too

>> No.20375330
File: 235 KB, 403x1507, fdsfsd.png [View same] [iqdb] [saucenao] [google]
20375330

>>20375274
website is full of autistic tech-speech and after i saw that team i was sold. im so bullish i could cry

>> No.20375364

>>20375330
what matters is that the algorithm is revolutionary
the team is secondary to that

>> No.20375443

>>20368806
So its.... literally a ponzi scheme? Whoa.

>> No.20375528

>>20375330
yeah that's like the general crypto rule. the less they write about "uber for blockchain" and have 10 marketing thots in their team and sperg on about exchange listing, the more autistic and viable it is

I mean look at LINK, they have a fat burger eater who own 1 shirt and not even talk on telegram , and now even AMPL use their oracles for price feed.

(Nothing at all against LINK, just saying how the rule applies )

>> No.20375555

any high iq anon with excel of daily returns or oracle rates for last one year? I know you have done the analysis. share anon

>> No.20376323

>>20368453
FUCKKKKKKKKK WHY IS IT PUMPING AGAIN

>> No.20376378
File: 183 KB, 1398x802, WhatsApp Image 2020-07-14 at 8.30.04 PM.jpg [View same] [iqdb] [saucenao] [google]
20376378

>>20376323

>> No.20376448

FUCK JANNIES AND FUCK NON AMPLIES

>> No.20376506

>>20376378
it's funny but this picture won't age well. You'll eventually get laughed at for charting the price and not the marketcap when people understand this

>> No.20376508

>>20368453
>This shit is psychologically primed to make it look like a constant loser
not gonna lie this is the only thing that bothers me about it. if someone makes ampl with privacy on the base layer it will be the future of money unironically.

>> No.20376826
File: 166 KB, 986x1082, 1546891301708.png [View same] [iqdb] [saucenao] [google]
20376826

>>20376448

>> No.20377283

>>20368453
Is it smart to put AMPL in a uniswap pool when it just bottomed out? Isnt it better to do this when its on a HIGH again?

>> No.20377311

fuck it FOMO'd another 10k ampls

>> No.20378300

Ampleforth shown in JP Morgan research report: https://twitter.com/AmpleforthOrg/status/1232027896971169793

>> No.20378368
File: 140 KB, 1195x427, ampl.png [View same] [iqdb] [saucenao] [google]
20378368

>> No.20378384

>>20378368
weak fud that's already been dissected

>> No.20378582
File: 95 KB, 689x1008, mcap-vs-price.png [View same] [iqdb] [saucenao] [google]
20378582

>>20376506
Oh, you mean like this?
>pic related
I made this to teach my friend how to trade ampl.

>> No.20378966

>>20378582
keep trying that. cant wait to eat you alive.
the rest of you frogs. learn supply based trading. its not price.

>> No.20379046

>>20378966
Ok, Satan, you're an idiot who doesn't understand that I traded the mcap based on price action.

>> No.20379071

>>20378384
It has not
If it has, please link it to me

>> No.20379238

>>20379071
Every market has participants with more or less knowledge, ie survival of the fittest. Certainly hasn't killed stocks, gold, or forex.

Even if the market moves to mcap charts instead of price charts, the unique protocol of ampl keeps it positively accumulating its mcap, even during times of negative rebase, ultimately forcing it higher. The mathematics force it to be so unless there is literally prolonged 0 demand.

>> No.20380010

>>20378966
Thank you fren. You saved my family.

>> No.20380215

Can someone please answer >>20377283 this to a low IQ bizlet.

>> No.20380243

>>20380215
No. HODL or swing unless you're a whale.