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File: 11 KB, 300x300, 5c7483e7ef5f3c1c9ce4e4b2_ReserveStampBlack-1.png [View same] [iqdb] [saucenao] [google]
22910908 No.22910908 [Reply] [Original]

I am down 50% and it just keeps on dumping

>> No.22911444

>>22910908
Double down

>> No.22911561

Meh, hold tight. Heavy correction was expected due to looming changes in circulating supply. This will be a fun one to hold in 2021. Turnaround will happen when coinbase or paypal materializes,

>> No.22911595

Couldn't they just use tether? I don't understand the advantage of this over a stable coin.

>> No.22911599

>>22910908
Blame that faggot Peter Thiel.

>> No.22911623

>>22910908
literally one guy quitted like that, looking like this shitcoin is going to crab forever at 1c

>> No.22911630

just bought 50k

>> No.22911674

>>22910908
Call big moose deli and ask them when the fuck are we going to moon. Make sure you record it.

>> No.22911767

>>22911444
Checked, a sign to triple down instead

>> No.22911789
File: 9 KB, 225x225, asd.png [View same] [iqdb] [saucenao] [google]
22911789

>>22911674

>> No.22911931
File: 41 KB, 682x1024, Maduro.jpg [View same] [iqdb] [saucenao] [google]
22911931

>>22910908
>blocks your path

>> No.22912028

SHITCOIN

>> No.22912181

>>22911595

tether is based on usd, this is trying to replace usd as reserve currency

>> No.22912519

>>22910908
I admit I've fudded for fun, but reality is that this project will give spectacular returns even if it were to fail in the long run. Now is the time to DCA to reduce your average entry price then hold. At least hold until end of FY21. I'm doing the same, but I'll see how the arbitrage and coin burn works out. Not planning on selling completely, but collecting passive income.

>> No.22912557

>>22912519
How you will be collecting passive income?

>> No.22912726
File: 215 KB, 1804x786, rsr.jpg [View same] [iqdb] [saucenao] [google]
22912726

>>22910908

>> No.22912881
File: 143 KB, 1189x406, photo_2019-10-01_11-15-30 - Copy.jpg [View same] [iqdb] [saucenao] [google]
22912881

>>22912557
the white paper describes an arbitrage between RSR and RSV. Since it is part of the mechanism that stabilizes RSV, RSR will need to fluctuate to maintain the RSV peg. There will be pools to do this automatically. I'm assuming everyone knows that mainnet has not even launched yet, but is slated to launch in 2021.

>> No.22912949

>>22912557
more reading
https://twunroll.com/article/1276299618377228289

>> No.22912954
File: 136 KB, 750x1000, farty-boy.jpg [View same] [iqdb] [saucenao] [google]
22912954

>>22911674

>> No.22912979

>>22912881
That’s contingent on RSV’s value being realized by having institutions actually adopt, which with the failure in venezuela nobody will.

If the actual reserve is worth zero, then you can bet the reserve stabilizer (RSR) is worth even less.

>> No.22913150

>>22910908
yeah you should have listened to me when I told you last week that BELLA was more solid

>> No.22913219

>>22912954
kek

>> No.22913254
File: 364 KB, 1916x1041, 1.jpg [View same] [iqdb] [saucenao] [google]
22913254

>>22912979
Venezuela is only one of many countries this is in. Of course we are only speculating on future success since RSR is not even being used at this time. I've banked fairly heavily on it since I believe 10 cents or more will not be an issue post mainnet. I was able to DCA around .002 last summer so I'm a committed long term holder. Everyone picks there projects to invest in and currently this project has some of the best in the space. US team, big name VC support, CB ventures, former SEC chair, PayPal mafia, and US laws being changed as we chat to allow projects like this to go forward without mindless legal issues. Not every defi shittoken can say they have connections at the highest levels of finance in the world. YT video of them at DAVOS here https://www.youtube.com/watch?v=rb4e34btRbQ

>> No.22913297

>>22913254
lmfao. if you look at the expressions of everyone in that picture they are all zoned out on different things. shills are desperate posting images like this.

>> No.22913328

I unironically bought this at the ath because i knew it would fail

>> No.22913348
File: 31 KB, 600x584, efd.jpg [View same] [iqdb] [saucenao] [google]
22913348

we hunt down nevin tonight!

>> No.22913407

>>22913254
>Venezuela is one of
Venezuela is literally THE target location for their beta on the mainnet to work, they littered their Whitepaper with it to demonstrate that their hyperinflated economy is the perfect usecase model to build their beta around. It needs to succeed in order for their beta to succeed.

If they cant fucking get adoption in venezuela they will literally never get adoption anywhere

>> No.22913417

I'll actually get to have my make it stack now. This is what I've been waiting for.

>> No.22913428
File: 2.15 MB, 2803x1648, 1588700692450.png [View same] [iqdb] [saucenao] [google]
22913428

>>22913297
lol

>> No.22913499

>officially at a penny
This thing is going sub 0.005
Might unironically buy in then.

>> No.22913517

.0099
>.0099
.0099
>.0099
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.22913589
File: 675 KB, 1200x872, depression.png [View same] [iqdb] [saucenao] [google]
22913589

WHAT ARE YOU WAITING FOR? IT'S LITERALLY FREE MONEY!!!

>> No.22913685

what is this sell off even for, was it just about the firing like this has been a sharp decline the past couple of weeks

>> No.22913723

>>22913685
lot of weak hands

>> No.22913760

>>22913685
still 16k holders, last 2 months there were about 11000

>> No.22913780

I sold on Saturday

>> No.22913808

i am financially ruined.

>> No.22913831

>>22913760
So what youre saying is all the whales dumped and left and everybody else are just the poorfag suckers with small bags?

>> No.22913840
File: 192 KB, 1054x302, venezuela-block.png [View same] [iqdb] [saucenao] [google]
22913840

>>22913407
>Adoption in Venezuela
Never. They can shut down internet at will. Unless you gave the government a cut of the profits I don't know how they would do it

>> No.22913905

>>22913840
That’s why they were using the universities as intermediaries, because they can profit-share back to their own local fed at an inflation rate proportional to their currency, i.e they secure the best way to get proven dollars for the government through private institutions in the country’s back pocket.
The fact they were rejected even at that point tells you its a complete no go.
This project is literally dead and I’m not saying that to be a fudder, anons need to be realistic about the prospects of this venture its not going anywhere.

>> No.22914074

>>22913905
Well then it looks like the project is at a dead end. At least for the time being

>> No.22914114

>mainnet isnt even fucking out yet
Calm down you autists. Just buy back in now while its cheap.

>> No.22914280

project has failed. No poor people in Venezuela are using their app. Business developer sacked. 3 billion still to be dumped. Get out while you can if you're still in profit

>> No.22914308
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22914308

Sold.
This shitcoin isn't going anywhere but back to .003

>> No.22914339

>>22910908
kill yourself for making such a faggy post

>> No.22914413
File: 965 KB, 1337x1337, 1598057541603.jpg [View same] [iqdb] [saucenao] [google]
22914413

>>22914114
this

>> No.22914756

>>22912181
it's literally tethered to usd for at least 5 years

>> No.22914957

>>22910908
Oh no I'm only x5