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

/biz/ - Business & Finance

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21688631 No.21688631 [Reply] [Original]

AHHHH

someone convince me not to sell, im scared.

t. 2.7M holder

>> No.21688714

>>21688631
bounded with barely any profit thanks to gas

>> No.21688725

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.21688751

>>21688631
just sold this obvious exit pump before they fucking release 25% of the circulating supply

>> No.21688755

>>21688725
Saw this discussed in the RSR price telegram channel, dropped my whole 1MM bag today. Thanks for confirming.

>> No.21688776

>>21688631
go ahead... just save money for rope.

>> No.21688808

>>21688714
>>21688725
I can't believe you fuckers don't have bags yet. pathetic anon.. pathetic.

>> No.21688839

>>21688631
Only 6% of it has been released and they will be releasing more. Nothing is guaranteed. Use your wits.

>> No.21688845

>>21688808
i had bags but "bounced" with a little profit. feels too scammy

>> No.21688967

this scam coin is done

enjoy the founders dumping on you when 5% of the circulating supply in unlocked in 2 weeks