/biz/ - Business & Finance

[Anonymous No.20422600]

What are our target prices on this?

ICO was $0.5, I see it opening around 1-2 dollars when it starts trading and then rising to about 5$ once flippers are out. Demand in the public sale was huge, lots of people missed out

[Anonymous No.20423273]

>>20422600
It will dump for years to come

[Anonymous No.20423356]

>>20422600
>buying a VC scam ICO for 50 cents in 2020
wow anon.. just wow.

[Anonymous No.20423367]

>>20422600
Whales bought up a huge amount of the supply. Millions of tokens will be unlocked every quarter. This will take a long time to take off. Maybe $2 one year after mainnet.

[Anonymous No.20423433]

>>20423367
>>20423356
low iq and obviously didn't get into the ico

[Anonymous No.20423455]

>>20422600
Literally nobody using it and no upcoming partners. Another level 1 in an already over saturated market of "eth killers". Good luck with that shit.

[Anonymous No.20423471]

>>20423433
You realise most of the people who looked into this after the Sergey interview actually chose not to get into the ICO, right? You realise that most people were turned off by the token distribution?

[Anonymous No.20423520]

>>20423433
Avalanche consensus is awesome, but the product AVA is trash with a terrible distribution. Somebody will clone this soon and there's no developer base to build any loyalty whatsoever.

[Anonymous No.20423558]

>>20423471
No. I've been following this project for a year and I'm one of the top people in the AVA Hub leaderboard.

If you bought into the ICO, distribution won't matter due to how low the marketcap you got in was bro.

you are fucking low iq. i'm not explaining any more shit to u. don't invest

[Anonymous No.20423630]

>>20423558
Cool, enjoy your "revolutionary layer 1" along with all the rest of them.

[Anonymous No.20423664]

>>20423558
Imagine buying another layer 1 token right now.

You're basically betting that:

1. ETH's transactions fees and ETH2 delays will be enough to drive developers and users (liquidity) to a new layer 1 network. (Do you see anyone migrating to Tron?)

2. Those same devs and users won't go the established ETH competitors much further along in development like Tezos, Cosmos, Polkadot or Tron for and their flavor of Uniswap/Compound/Synthetix copycats

3. Those same devs and users won't go the less established but highly-funded ETH competitors like Hedera, Algo, Cardano for their flavor of copycats.

You'ed have to be fucking retarded.

[Anonymous No.20423719]

Short term targets: 2-3B market cap (Tezos and ADA comparables)
Medium term: 20B+
Next bull market: 200B+

[Anonymous No.20423775]

I bought OTC at 1.1$, 2000. I'm honestly in for a quick small flip, Learned my lesson from Algorand.

[Anonymous No.20423788]

>>20423664
Every other L1 is a little tweak of Nakamoto Consensus blockchain and zero creativity.

Avalanche is the only implementation of avalanche consensus family. Read up snowman consensus and avalanche.

There is a reason why Vitalik said Avalanche has the same legitimacy as Bitcoin.
https://twitter.com/VitalikButerin/status/1229908044714086401

[Anonymous No.20423834]

>>20422600
VC SCAM FAG
Sage

[Anonymous No.20423848]

The fud is ridiculous because anons missed out.
Imagine not buying Avalanche - one of the best layer 1 solutions coming out. And the marketcap is tiny, multiple people participated in option A1 which I didn't expect desu. I expected a marketcap around $20M, but it looks like it will launch with a smaller marketcap now. Perhaps $15m. but the upcoming article will bring clarity.

[Anonymous No.20423906]

>>20423775
Algorand cannot be compared with Avalanche. Its just another tweak of the Nakamoto consensus. Shitty 50 seconds latency vs AVA's 1 second latency. Avalanche is novel and unique. You are clueless. Read up snowman consensus and avalanche, hope you'll get enlightened soon.
https://twitter.com/el33th4xor/status/1097554635227828228

There is a reason why Avalanche is Sergey approved ICO.

[Anonymous No.20423915]

>>20423788
Avalanche consensus =/= Avalanche the product

[Anonymous No.20423931]

>>20423664
What layer 2 solutions are live and being used by the crypto masses?

None. Maybe layer 2 just isn't meant to be? What then? Then AVA wins.

You also can't have a L2 ontop of a non-scalable blockchain.

You are LOW FUCKING IQ. And you're going to MISS OUT ON LIFE CHANGING PROFIT LOL

[Anonymous No.20423971]

>>20423931
>What layer 2 solutions are live and being used by the crypto masses?
What is Chainlink
>You also can't have a L2 ontop of a non-scalable blockchain
What is Arbitrum

[Anonymous No.20424019]

>>20423906
Nobody care about tech dude (And algorand was revolutionery at the time of listing, arguably the best on the market), Tokenomics are completely fucked and not worth investing for at least a year.

[Anonymous No.20424028]

>>20423915
Avalanche is the first implementation of Avalanche consensus and headed by the brightest minded in crypto. You don't seem to understand the value of first mover advantage and network effect it brings.

[Anonymous No.20424055]

>>20423834
ICO is over, you can stop fudding dude

[Anonymous No.20424085]

>>20423915
Avalanche is the first implementation of Avalanche consensus and headed by the brightest mind in crypto. You don't seem to understand the value of first mover advantage and network effect it brings.

>>20424019
>algorand was revolutionery at the time of listing
No, it was not. It was another tweak of the Nakamoto consensus family protocols.

[Anonymous No.20424117]

where buy token

[Anonymous No.20424128]

>>20424085
>headed by the brightest mind
Kek. I like Emin, but that statement is taking things too far.

[Anonymous No.20425033]

>>20424128

[Anonymous No.20425139]

>>20423433
>didn't get in the ico
cuz I'm not a fucking gullible pleb. what a newfag cunt.

[Anonymous No.20425140]

>>20424085
It's straight out of ICO and you're a talking about network effect. You might be a bit emotionally attached to this one, anon.

[Anonymous No.20425191]

>>20425140

>5000 tps. less than 3 second finality. 80% parametrized safety threshold.

>Founder Emin Gun Sirer implemented the first currency that used Proof-of-Work (PoW) to mint coins in 2002.

>Co-founder Maofan "Ted" Yin invented the HotStuff protocol, which is the foundation consensus protocol used by Facebook Libra.

"Its just another ICO bro"

[Anonymous No.20425306]

>>20425191
Those aren't network effects

[Anonymous No.20425463]

>>20425191
There is an ever growing list of high performance L1s with big names behind them. Radix, Dfinity, Algorand, Hedera, Polkadot, etc
Each one more exciting than the last. There is simply no reason to speculate on one of them until it has actually demonstrated utility and adoption.
And the actual use of settlement layers has been significantly reconfigured by Arbitrum anyway.
I don't have any personal gripe against Avalanche, I just think there is zero need to get excited about any particular one of these until it is actually demonstrating value at scale. Until it starts actually creating network effects and attracting developers.
That may mean buying in at 10x the current price but for me that is easily worth it in light of the fact that MOST of these platforms will not succeed. The market doesn't need half a dozen L1s.
Yes you can list the groundbreaking features of this amazing new technology, but until it actually starts to show value by drawing in parts of the market then it is just promises, and crypto has had years of very convincing promises that haven't panned out.

[Anonymous No.20425586]

where do you buy Avalanche?

[Anonymous No.20425587]

Demand was big only because the team allocated 1% of the supply to flip worthy options (A1 and B), It toom it 5 hours to finish because option A2 wasn't a flipping worthy option hence bad option considering this is going to dump really hard this year due to trash economics, Im yet to see a project that yield profits with that kind of tokenomics.

Selling pressure on day 1 will be immense, nobody want to be left holding bags in a coin like this.

[Anonymous No.20425624]

>>20425587
Also 1 year vesting gives less than a 50% discount, which kind of suggests the devs are expecting less than 100% growth in the first year, which is crazy in crypto.
I am expecting a month or so of hype trading but when this settles in to the long, slow development process I can't imagine it's going to hold a lot of value.

[Anonymous No.20425743]

>>20425463
>There is an ever growing list of high performance L1s with big names behind them. Radix, Dfinity, Algorand, Hedera, Polkadot, etc
Well said. The L1 circle jerk is an exhausting experiment that is still, unfortunately, going to end with Ethereum being the dominant one.

[Anonymous No.20425746]

Imagine not having bought the ICO after this
https://www.youtube.com/watch?v=jUI-GjAn8bc
ngmi
>>20425586
you can't, ICO was 2 days ago, you'll have to wait about a month to buy it on an exchange

[Anonymous No.20425852]

>>20425463
>Radix
designed to be stable
>Dfinity
vapourware, holier than thou gimmick
>Algorand
tweak of the nakamoto consensus
>Hadera
marketing gimmick
>Polkadot
Parity hack
Avalanche is superior to all of them.

>>20425587
>It toom it 5 hours
Well, they had 25k maximum cap for the first few 4 hours. A2 sold out in minutes after cap was lifted.

[Anonymous No.20426093]

>>20423719
Tezos and Cardano have large communities with heaps of active research and development. It will take at least 16 - 20 months for AVA to come close to them. Everyone knows the ICO was garbage too

[Anonymous No.20426101]

>>20425852
Of course itll buy up fast if you remove the cap, this isnt unique to AVA, there are many whales in crypto which 500K investment isnt a big deal.

If any it shows that demand wasnt that big, it means that not enough people wanted to buy and only handful of people.

The other guy is right, OTC prices aren't as high as /biz/ expect it to be according to the shills, Unless they pull some news theres high probability of it selling below ICO.

[Anonymous No.20426134]

Ethkiller #73795 ICO scam complete.

/thread

[Anonymous No.20426451]

>>20426134
Every other ETH killers had little tweaks what Satoshi and Vitalik had already done. There was zero creativity involved.

Avalanche is built from scratch and ground up. You are going to miss out on another 100x with this 'meh, its just another x' attitude. Read about snowman consensus and avalanche.

[Anonymous No.20427088]

>>20422600
$1 at launch seems about right
Then it's about how fast can they fulfil their promise