/biz/ - Business & Finance

[Anonymous No.21704431]

Is it over?

[Anonymous No.21704440]

ironically yes

[Anonymous No.21704483]

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.

[Anonymous No.21704502]

>>21704483
Saw this discussed in the RSR price telegram channel, dropped my whole 1MM bag today. Thanks for confirming.

[Anonymous No.21704575]

>>21704431

Yes.

[Anonymous No.21704635]

Just checked out of curiosity and it dropped 90% in the last hour?

What the fuck happened?

[Anonymous No.21704759]

>>21704635
FUD. Has not dropped. Prepare for next run up.

[Anonymous No.21704816]

>>21704759
My bad anon, Blockfolio fucked up and said it dropped completely

[Anonymous No.21704817]

>>21704431
HODL

[Anonymous No.21704841]

>>21704431
>>21704440
>>21704502
>>21704575

[Anonymous No.21704857]

All the retarded, illogical FUDing just makes me more sure this is gonna be good.

[Anonymous No.21704870]

it's quite literally over, sold half my stack and letting the other ride for a bit. was a good run

[Anonymous No.21704893]

>>21704857
the fud is really low-quality and will only affect low IQs and wet noodle hands, i have yet to see high-quality rsr fud that actually makes me reevaluate the project in a serious way

[Anonymous No.21704895]

>>21704870
>>21704841
it's all so tiresome

[Anonymous No.21704930]

>>21704857

>illogical FUDing

What happens to price of RSR when mainnet drops and the devs drop 25 billion RSR on market? Let's even forget about the other 69 billion still to come.

hurr durr fud

[Anonymous No.21704947]

>>21704841
more like
>some people so desperately attach themselves to their coin of choice, because they place their entire hopes of financial success upon its backs, that they willingly and actively reject any information that doesn't reinforce their delusions and tell them it'll moon because they cannot stand to have their autistic daydreams popped by reality.

If you like money, you need to be willing to analyze negative information without outright dismissing it to chase the right bags. Theres a stupid tribalism in crypto built off of faggots denying reality and just circlejerking over their coin.

[Anonymous No.21705089]

>>21704947
what is the reasoning to not go with RSR that convinced you?

[Anonymous No.21705094]

honestly we are just getting started

[Anonymous No.21705176]

>>21704930
>What happens to price of RSR when mainnet drops and the devs drop 25 billion RSR on market?
wont happen because
1) dev money is in a slow wallet that requires notarized transactions with a 4 week delay to be released. its not to their advantage to sell in a way that dumps the price
2) the project is literally set up to ensure passive income via arbitrage, i.e. if the project doesnt outright die its more profitable to hold a significant amount rather than sell
this is another example of low quality fud that will only deter people who have done no research in how the project works

[Carl No.21705217]

>>21704431
It's been good frens, but I think this is the end of the line. Market sold 100k at $0.025.
>Only 6% of the maximum supply has been released
>Burning of RSR will only be high if the price of the token is low, so the 100 billion supply is here to stay
Yeah I'm thinking it's over. Got a nice 10x (bought at $0.0025) but I think this is it frens

[Anonymous No.21705230]

I’m still stacking. You’ll be sorry when this hits 0.04

[Anonymous No.21705246]

>>21705217

[Anonymous No.21705294]

you had a year to buy. the fud doesnt have the power to decrease anymore. you had a year.

[Anonymous No.21705305]

>>21705176

This is wrong, read the papers they clearly state they're adding 25 billion into the supply come mainnet.

Please you don't even know the project you're shilling.

[Anonymous No.21705319]

>>21705294

[Anonymous No.21705366]

>>21705305
>source: dude trust me

[Anonymous No.21706086]

FUCK YOU BIZ WHY IS THIS DUMPING I BOUGHT THE TOP

[Anonymous No.21706259]

>>21705217
>Market sold 100k at $0.025
I sold 2M at $0.025 and I still hold 10m, poorfag.
This shit is hitting $0.1 eoy

[Anonymous No.21706282]

>>21704431
literally who?

[Anonymous No.21706284]

Fuck yeah. All my time fabricating bullshit stories and fud about RSR actually worked. Thanks. Finally was able to get my 1mil.

[Anonymous No.21706324]

>>21706284
Welcome to the club

[Anonymous No.21706382]

>>21704893
> will only affect low IQs and wet noodle hands

yeah, that's sort of the point. we need to price the brainlets out of a suicide stack first, then have them pump our bags later as they fomo in. creating fud with just the right iq cutoff is an art.

[Anonymous No.21706593]

>>21706382
high quality fud is almost always better than low quality fud anon, creating fud that only affects retards isn't as good if it doesn't filter midwits that can identify obvious fud but would >also< fomo in to pump bags if they were affected too

[Anonymous No.21707133]

>>21706284
It's not going to recover anon.

[Anonymous No.21707170]

>>21704431
rsr owns the fucking domain reserve.org, do you understand the quality of that name you fucking retard ?