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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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21649604 No.21649604 [Reply] [Original]

RSR is going to continue in this consolidation pattern from its recent peak and until sometime around 0.015 in 2021. If you got in early and your okay with holding your bags that long you will be fine. This post is a warning for newfags who just got in expecting a quick moon. This coin is going nowhere fast. Unless you are prepared to hold for over a year with no gains I suggest you dump.

>> No.21649630

You can't predict the market.

>> No.21649635

>>21649604
------------
Saw this discussed in the RSR price telegram channel, dropped my whole 1MM bag today. Thanks for confirming.

>> No.21649650
File: 13 KB, 361x353, smugrsrpepe.jpg [View same] [iqdb] [saucenao] [google]
21649650

>>21649604
>I love the smell of desperate fud in the morning

>> No.21649657

>>21649604
Great TA analysis here OP. My friend works at a wealth management firm in San Francisco. I asked him to look over the white paper so I would know if they were being honest about the tokenomics. He told me that this is the most idiotic idea he's ever seen for a stablecoin, that the team clearly has no idea how they will back the currency with real world assets and that this is basically going to become the new Bitconnect once the bubble gets large enough. The biggest cause for concern according to him was their intention to use not only foreign fiat but also alternative assets for stabilization. In particular their use of vehicles like paper gold and securities is going to be very dangerous going forward. Paper commodities have been shown to be fundamentally flawed in the post-COVID world because they are even less reliable than unbacked currency and supported only by manipulative exchanges like COMEX. Securities are worth less than the paper they are printed on as well, just look at how investors have been running from all of the bonds issued by the Treasury this year. Guys like Peter Thiel and Sam Altman might have thought this was a good idea before 2020 hit us, but now it is a total disaster. I will probably ride this wave up a few more pennies because I bought in 2019 but if you are thinking about getting into this coin, just stay away. There will be nothing but losses in your future.

>> No.21649683

>>21649604
>doesn't know golden bull run is upon us
>doesn't know no product is better than product

>> No.21649684

>>21649635
haha.. you left the pasta separator in faggot.. definitely samefagging too. you can't affect the price retard.. you missed the entry.

>> No.21649700
File: 79 KB, 800x600, soy.png [View same] [iqdb] [saucenao] [google]
21649700

>>21649657

>> No.21649712
File: 2.15 MB, 2803x1648, rsrinvest.png [View same] [iqdb] [saucenao] [google]
21649712

>>21649657
was it one of these SF billionaire investors? which one anon?

>> No.21649737

>>21649700
can you believe he actually wrote all of that for no reason? kek

>> No.21649743

>>21649635
>>21649657
You. Had. A. Fucking. Year.

>> No.21649757

>>21649712
------------

There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.

------------

>> No.21649822

>>21649700
Dubs confirmed. Lel

>> No.21649866

>>21649822
Double dubs confirmed. Its over for newfags.

>> No.21649904

>>21649630

>RSV is a stable cryptocurrency that can be held and spent the way we use US dollars and other stable fiat money. It is a decentralized, asset-backed stablecoin. Reserve believes it can beat fiat money in global stability. The protocol is designed to hold collateral tokens worth 100% of the value of all RSV tokens.
>ASSETS: Government debt, like US treasury bills, can function as an asset that is similar in value to fiat money, with less inflation, due to the small yield. Commodities, like gold and diamonds, are more volatile in the short term, but can be more stable in the long term, and so could make up a part of the backing. If structured and diversified properly, it may make sense to include some equities.
Why on earth would they be using US Treasury bills to back this currency when their yields are at an all time low? They are backing digital fiat with even more worthless paper fiat.

Not even fudding right now can someone explain to me how this makes any sense? Talk about building a house of cards on top of another house of cards. The entire foundation of this coin is flawed if they are backing it with an asset that is yielding the worst it had in decades. People are dumping this shit left and right for gold and bitcoin.

What exactly makes RSR a better call than stacking bullion?

>> No.21649915

>>21649866
Triple dubs confirmed.

>> No.21649970

>>21649904

>What exactly makes RSR a better call than stacking bullion?

Ok go tell venezuelan monkeys to buy gold bullion Lol

>> No.21650057
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21650057

>>21649657
>you post some version of this pasta in every RSR thread for the last 3 days
ngmi

>> No.21650300

>>21649757
I know it's pasta retard.. I'm in the discord too. you realize it's too late to fud and see a result right? that was a year ago.

>> No.21650384
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21650384

>>21649915

>> No.21650464

Insider here with some valuable information. Just got a phone call from a colleague of mine. He said there were some huge contracts and deals that were signed with RSR, but there were some legal stipulations involved, and now everyone is pulling out. The situation is looking grim. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die. I'm just sharing this info with people because i sincerely care about the welfare of everyone and their families whom are involved.

>> No.21650489
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21650489

>>21650464

>> No.21650678

>>21649604

There is literally no chart that has ever looked like this on such a high timeframe

>> No.21650809

>>21649604
We had some comfy gains anons but it’s over, this will crab for the next year while everything else moons

>> No.21650852

>>21650809
Oh I see... a swung ranger is trying to get back in but got priced out.

>> No.21650934

>>21650852
bro
shit is mooning left and right, people getting insane gains yield farming stabelcoins, collateral on colateral on collateral is fully enabled and people out there are unironnically buying a fucking vaporware stablecoin that's taken over a year to get anywhere lmfao

imagine missing the biggest opportunity of your life to play with ICO shitcoins. i hate this fucking site

>> No.21650980 [DELETED] 

>>21650809

Crypto is pretty much done until next year. I already took all my gains. I’m gonna buy back in Dec/Jan when it bottoms out again.

>> No.21651026

Crypto is probably done until 2021 anyways I took out my initial investment and some decent gains and am letting the rest ride. Anyone who hasn’t realized BTC triple topped is in for a rude awakening.

>> No.21651231

>>21650934
>bro
>shit is mooning left and right, people getting insane gains yield farming stabelcoins, collateral on colateral on collateral is fully enabled and people out there are unironnically buying a fucking vaporware stablecoin that's taken over a year to get anywhere lmfao
>imagine missing the biggest opportunity of your life to play with ICO shitcoins. i hate this fucking site

Its insane people on this board would mess around with ICO shitcoins with 100,000,000,000 coins in the supply that are mostly held by the dev team when there are real opportunities out there to actually make it.

>> No.21651658

>>21651026
You’re right, it’s time to think about taking profits and repositioning.

>> No.21651697

>>21650934
well I can tell.. you should probably

go

back.

>> No.21651743

>>21649657
real world assets are going to be tokenized on ethereum and pegged to RSR via chainlink.

>> No.21651759

>>21651231
Lol like what?

>> No.21651794
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21651794

>>21649604
>Unless you are prepared to hold for over a year with no gains I suggest you dump.

>> No.21651877

>use RSR to buy AMPL, thinking I'll pump my RSR bags up on the way to the top
>get too greedy
>no RSR
>AMPL bag eats itself everyday like a fucking ouroborus

>> No.21652280
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21652280

>>21649604
Nice meme lines faggot. Just bought another 100k. Sorry you missed out.

>> No.21652315
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21652315

>>21651877
>did somebody say ouroborus?

>> No.21652852

>>21649712
All of these investors put money into RSR before 2020 hit, the securities and paper commodities they wanted to use in phase 1 are now worthless and generating horrifically bad returns. Would not be surprised if some of them pull out.

>> No.21652861

>>21652280

not buying ur bags KIKE

>> No.21652986

>>21649604
I've never seen a chart like you predicted in my life

>> No.21653030

>>21652986

Its just the range the coin will bounce to it might not bounce that high or that low

>> No.21653377

>>21649904
This is actually a good point, what are they doing using foreign fiat like Euros and worthless Treasury bonds to back the coin? Doesn't seem very smart desu.