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

/biz/ - Business & Finance

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23759360 No.23759360 [Reply] [Original]

The rebase mechanism has been slowly pushing the coin closer to the peg, and with the small bounce in alts the positive rebase cycle is soon upon us. At 780k marketcap this is a chance to 5x your eth or btc stack in the short term
https://app.uniswap.org/#/swap?outputCurrency=0xecbf566944250dde88322581024e611419715f7a

>> No.23759480

If you like $, don't buy this scamcoin

>> No.23759511

makes no sense that this is pumping while bitcoin dominance is pushing new highs

>> No.23759532

also token distribution ruined this for me, i dont invest in shitcoins where the devs arbitrarily claim a huge chunk of supply

>> No.23759543
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23759543

>>23759480
Seriously? There really is no helping some anons.

>>23759360
Stop shilling big news is coming next week at least let anons accumulate first.

>> No.23759548

>>23759511
Read about it more to understand why, it's designed to push towards the btc dominance peg price, currently around 60 cents or so

>> No.23759566

>>23759532
This board has been shilling Link for years while Sergey has been dumping millions a months rom his 33% supply. I'm not justifying that but team holding doesn't stop mega pumps

>> No.23759617
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23759617

>>23759532
Token distribution is a valid point, but we take this risk with most crypto unfortunately. If you don't trust the team then that is more than fair enough.

However, BCMD was going up and xBTC got rekt down to 650k market cap, why should you be surprised then when the market cap starts to drop xBTC goes up? BTC market dominance can't go up forever, anon.

There are good times to buy xBTC and bad times just like any token.

>> No.23759624

>>23759543
It's just a shitcoin that rebases, real investors are buying AMPL (already above peg and has all the rebase hype) or holding ETH or LINK as a hedge against BTCd. There really isn't a use case for it and once again it will go back into negative rebase hell and never recover. Pure shitcoin and the TG is a dumpster fire

>> No.23759745

>>23759624
Some valid points I just don't agree with you.

xBTC team are making solid decisions recently and moving the project forward. You personally are not convinced that it is an effective BCMD hedge but there will be others who are, especially at such a low marketcap.

The telegram is bad because we just went through a couple of weeks of negative rebasing, no one likes that.