AMPL actually confuses me...

[Anonymous No.20574754]

I don’t understand what it does. I own 23k link because they had good memes in 2018. Can someone explain AMPL to a 90 IQ retard?

[Anonymous No.20574914]

>>20574754

Crypto has two problems, price volatility and supply limitations. Different types of coins solve one problem but not the other. AMPL solves both.

For example, you can buy $10 billion worth of BTC, but it will blow the price up into a period of chop. One hour it'll be $11 billion, then it'll be $8 billion, then it'll be $12 billion etc. This is not attractive to someone who's managing $10 billion.

Stablecoins keep the token price stable, but they're constrained by the supply of whatever they're pegged to. You can't buy $10 billion of USDT because that much USDT doesn't exist.

You CAN buy $10 billion worth of a mature AMPL, and it will blow the price up, but then the rebase will slowly inflate the supply until the price per token returns to $1, during which the total value of your AMPL holding will remain stable. You will eventually end up with 10 billion $1 AMPLs.

AMPL is the first coin that acts like the Fed (is supposed to) work for the USD. Supply is determined by demand, creating stable value AND liquidity.

[Anonymous No.20575021]

This is a when is the music going to stop coin. We will go to 1$. So hopefully I don't get burned just bought. Someone will eventually buy the last rebase, before price dumps and stabilizes for last time.

[Anonymous No.20575125]

>>20575021
>This is a when is the music going to stop coin. We will go to 1$. So hopefully I don't get burned just bought. Someone will eventually buy the last rebase, before price dumps and stabilizes for last time.

Like some other Anon said, there are ~9700 wallets holding AMPL, up from 5600 last week which is pretty impressive.

There are 171,000 wallets holding LINK. We're still so early

[Anonymous No.20575161]

>>20574914

Anon now I don't get it - what the hell is rebase again please? How it makes price go to 1$ again by inflating the supply? There is 340M of these coins, so how it inflates to get price back do 1 buck?
Why I should invest in something that is programmed to inflate so much

please explain.

[Anonymous No.20575417]

>>20575161

The algo is always trying to get the price of the token to $1 and keep it there. Every day, the algo looks at the 24-hour average price, and then adjusts the total supply of tokens at a rate that would bring the token to $1 over 10 days. That's the rebase.

If, like these days, the price is above $1, the rebase inflates the supply, devaluing the token. But it also increases all wallet balances by exactly the same percentage, so nobody loses money.

This has the effect of compounding gains during mcap expansion. For example, if you buy 100 AMPL at $2.00 for $200 total, the rebase that day will likely adjust you to 110 AMPL at $1.82 for $200 total. BUT, if buy pressure continues pushing the token price up to $2.00 again, your 110 AMPL are now worth $220 total. And then the rebase puts you at 120 AMPL @ 1.82 etc for $220 total, and if buy pressure puts the token back up to $2.00, you've now got 120 AMPL @ 2.00 = $240 and so on and so on.

That's where anons are making big gains right now.

[JackBeNimble No.20575858]

So doesn’t this encourage people to wait to buy until it’s a dollar again?

[Anonymous No.20575983]

>>20575417

So as the price go down I get more of these coins to balance whole thing, or the other way?

Also:

What if the system is out of coins and all of them been issued? How this whole thing works then?

[Anonymous No.20576033]

>>20575417

And another one - can I receive coins on exchange wallet or I should stake them somewhere else?

[Anonymous No.20576067]

>>20574754
Just buy AMPL everyone. It's like a chance at BTC 2, and also have fuck you money from your pussy link stack. Swing on Uniswap v.2
https://www.ampleforth.org/basics/

[Anonymous No.20576093]

>>20575983
>So as the price go down I get more of these coins to balance whole thing, or the other way?

Yes. The idea is that the coin will eventually end up at $1 and be stable there. Of course, if the value of the coin drops below $1.00 there will be a negative rebase, in which everyone loses coins to push the price back up to $1.

>>20576033
>And another one - can I receive coins on exchange wallet or I should stake them somewhere else?

No idea, Metamask is what I use, which is free and I can confirm works.

[Anonymous No.20576109]

too late to buy

it already pumped like crazy

you MIGHT GET A x3 at this point but you have an equal chance of getting wiped out

no point in buying into these ponzi

[Anonymous No.20576171]

>>20576109
>solves fundamental problem of crypto for institutional investing
>grand total of 9000 wallets holding
>no major exchange listings

>too late!

lmao you must love being poor

[Anonymous No.20576331]

Is there any way I can calculate what a rebase percentage addition to my stack would be manually?

Considering selling portion of fat chainlink stack.

[Anonymous No.20576346]

>>20574754
just buy it bro but be ready to sell fast once the party is over in a week or so

[Anonymous No.20576397]

>>20576346
It's already been calculated that holding this coin is the ultimate play. If you sell before top 10, maybe even top 5 mc, you're an idiot. Look at the coins trajectory...

[Anonymous No.20576656]

>>20575858
Well, some people will buy sure

But by the time it's able to reach $1 then the hype has presumably died down, the market cap is not increasing every single day, and the rebases will be worth very little or even non existent

[Anonymous No.20576758]

>>20576656
Meaning it’ll be the most epic red candle in human existence. A game of hot potato AMPLfied.

[Anonymous No.20577019]

>>20576656
rebases are never worth anything because they don't change $ value brianlet

[Anonymous No.20577052]

>>20577019
If REBASE is worth nothing they you'll happily forfeit them, right? Take your stack out each day before the REBASE hits

[Anonymous No.20577057]

>>20577052
yeah and? last night this strategy was more profitable than receiving the rebase

[Anonymous No.20577082]

>>20577057
And later today the price will increase, and us guys who got our rebase will have more $

Your method is essentially swing trading a stablecoin, good luck with that

[Anonymous No.20577155]

>>20577082
no see pic related.
let's say you had 1000 ampl and got like 150 for free.

but if you sold at the top before the rebase and bought at the green dots you would have gained 200-300 ampl, which is more than with the rebase

the catch is, this is not always true so it's dangerous to do. but every 2 days it has been dropping further down after a rebase so there's that

[Anonymous No.20577192]

>>20577155
I would take the free 150 over the risky 300

[Anonymous No.20577221]

>>20577192
me too but people don't get this and they should (especially the part with the blue dots) >>20577155

[Anonymous No.20577339]

is it possible to lose money holding this? the answer is NO, right? but do we have an idea of how much time it would take before you get the same money back?

[Anonymous No.20577345]

>>20577221
Get the rebase. Sell after rebase. Buy back below they point you sold. Profit?

[Anonymous No.20577417]

>>20577345
I don't want to do this I will just hold

[Anonymous No.20577466]

>>20577345
selling after rebase didn't work out in 90% of cases because it pumped right away

[Anonymous No.20577557]

so best strategy is to sell a couple of hours before the rebase if you think swinging is too risky? (which it is)

[Anonymous No.20577590]

>>20577557
Just look at the charts.
Sell right before the rebase and buy either right after rebase or 8-10 hours after rebase.

[Ampblaster No.20577796]

>>20577590
Getting the rebase is the worst strategy at this price. 15% not worth it. If you sell 1 hour beforr rebase and buy one after after rebase you usually end up with 30% gain, double the rebase.

[Anonymous No.20577821]

>>20577796
Thats exactly what I said :3
Sell shortly before the rebase, buy after rebase and swing that shit.

[Ampblaster No.20577908]

>>20577821
The only cost is sleep. Im fucking tired since this started. Can’t wait to hit the 1M$ and get this done with.

[Anonymous No.20577914]

>rebase
>devalue
>inflates

what the fuck does any of this mean someone explain how this will increase in price if it goes back to 1$
>t.55 iq

[Anonymous No.20577940]

>>20574914
>The first coin that acts like the Fed (is supposed to) work for the USD.

So how the fuck do you make money of this shit lol?