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/biz/ - Business & Finance


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23961788 No.23961788 [Reply] [Original]

Can someone ELI5 this shit to me? I bought 75K for the memes a year ago and now I don’t want to sell it. Why is this so good?

>> No.23961870

>>23961788
Basically just hodl
If does well = nice gains
If doesn't= you lose money
long term hold anyway keep it in your wallet and forget about it until Q2 2021

>> No.23961884

>>23961870
>Basically just hodl
>If does well = nice gains
>If doesn't= you lose money

Big brain hour in here

>> No.23961902
File: 87 KB, 800x577, 16911057-865C-4C70-B024-69B173D6C06E.jpg [View same] [iqdb] [saucenao] [google]
23961902

Absolute shitcoin.

buy Freedom Reserve instead.
more room for growth

https://info.uniswap.org/pair/0x62008a04401662689467f5ee5d57c4863adabfc0

>> No.23961966

Team actually has a product being used in the real world and are expanding over South America. Mexico is the next country they’ll be launching in, and the Coinbase listing is coming soon. Very comfy with my stack.

>> No.23961979

>>23961884
It literally is that simple, throw in what you're willing to lose. investments are a gamble.

>> No.23962068

>>23961966
What are the chances it reaches $10?

>> No.23962339

>>23962068
0

>> No.23962349

>>23961788
should’ve bought more it’s going to $1 easily and possibly $10

>> No.23962355

>>23961788
>ELI5

go back to r3ddit faggot

>> No.23962361

>>23962349
$10 will never be attained with this token. Never. Never.

>> No.23962397

>>23962361
yes it will you have no idea

>> No.23962502

>>23962397
I'll nibble. Explain to me how and why RSR will eventually reach $10. Include the following topics:

- Government regulation and adoption
- Arbitrage opportunities for holders
- Token supply v.s. burn rate
- RSV collateral vault ratio

>> No.23962640

>>23962397
no it won't retard
probably won't ever hit $1

>> No.23962654

@rsrdev

>> No.23962934

$56 2025

>> No.23963021

>>23961788
>ELI5
eat shit and die

>> No.23963453

>>23962502
>>23962640
>begging this hard for people to spoonfeed you
iykyk

>> No.23963469

>>23962355
>>23963021
hive mind mentality

>> No.23963513

>>23963453
Still no explanation. Yikes. RSR holders are literally smooth brained.

>> No.23963609
File: 36 KB, 300x300, 5677.png [View same] [iqdb] [saucenao] [google]
23963609

>>23962397
>1 Trillion market cap

>> No.23963918

>>23962502
If you're already aware of all those points why do you need the spoonfeed?

>> No.23963967

>>23962068
100%
>>23962361
i know you have a bag yourself
>>23962934
this anon knows.

>> No.23963998

>>23963918
Because those points are not necessarily an advantage. Governments can outlaw Reserve, arbitrage opportunities will only benefit the team, not a small holder. Yes, RSR is burned, but the supply is crazy high. The market cap would be ridiculous. This idea only works in a perfect utopia, not in third world shitholes.

>> No.23964021

>>23963918
are you just here to shit on the convo? Someone claimed 10$ he said no way here's wahy and no further answer came in form rsrsfags.


>backed by peter thiel
you know that could also mean he's okay with keeping it stable so enezuela has money right?.

>> No.23964200

>>23963998
>Governments can outlaw Reserve
There are plenty of workarounds for app access, which is the only real point of attack. Oulawing an ethereum wallet isn't feasible.
>Reserve, arbitrage opportunities will only benefit the team, not a small holder
I don't see why this is the case. If the team were dumb enough to try to restrict its value to outsiders then who would continue to buy it once the protocol is running? They'd end up bagholding their own project.
>RSR is burned, but the supply is crazy high
Current projections given by the team put it at 2-5% burn, annually. Further, over half of the total supply is held by the foundation (not the team personally) and subject to additional restrictions.
I personally doubt it will reach $10 in any reasonable timeframe.

>> No.23964217
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23964217

>>23963513
>using 2nd grade reverse psychology
kek so desperate

>> No.23964268

>>23964200
Agree. Still, $1 is stretching it imo. IF it works and IF they deliver it would seem possible. $10 is literally moonboy speak.

>> No.23964317

>>23961902
lmao this volume
lmao those early textbook PnD spikes
this coin was DoA

>> No.23964365

>>23964200
>wait 10 years
>supply is now 50B-80B
JUST WAIT A DECADE BRO

>> No.23964374

>>23964268
It's not a project that I'm 100% on but I'm glad that there's something in this market trying to provide a service instead of endless pump and dumps.

>> No.23964397

>>23964268
$1 is literally moonboy speak for newfags that bought over 1 cent
Remember the $0.50 Trump gif meme? Of course you don't you pathetic newfaggots.

>> No.23964429

I can see it go to ~0.30. Then it will depend on mainnet

>> No.23964463
File: 456 KB, 1803x751, RSR truth.png [View same] [iqdb] [saucenao] [google]
23964463

>>23961788
the only ELI5 that's truthful is image related

>> No.23964465

>>23964268
i would say realistic could be 1B (0,1$) - 8B MC (peak bull about 0,85$)

>> No.23964484

>>23964200
pajeet liar

the burn estimation is not 2-5% of total supply
it's 2-5% of the market cap of RSV value burned in RSR

>> No.23964502

>>23964429
>>23964465
Anything over $0.1 is really stretching it. If you can't make it by then you can't make it, period. Probably a retard that either wasn't on /biz/ or fell for satsgang fud one year ago, good riddance.

>> No.23964562

>>23961902
Not sponsored by the Bilderberg Group.

>> No.23964590

>>23964502
relax man, as soon as the coof is over grindr will be way more active and it'll be easier for you to get your butt pumped again

>> No.23964613

>>23964463
The assumption in that post are that the team is dumb enough to crash the value and demand of their collateral token and end up broke when they could just not do that. Whoever wrote that has spent too long mainlining DeFi scams.

>> No.23964679

>>23964465
These are acceptable numbers, but I think 0.10 is the upper limit for this token.

>> No.23964748

>>23964679
you must notice that last bull there were shittier projects at 10B MC to 1$ could also be reachable. also i dont know the RSR/RSV burn rate so the price could be even higher.

i would sell definetly at 1$.

>> No.23964849

>>23961788
i literally cant tell you why, but *if* Kleros is superior, what do you do then?

>> No.23964906

>>23961902
Not this shit again.

>> No.23965212
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23965212

>>23962068
>>23962339
>>23962349
>>23962361

>> No.23966207

>>23961870
this is the kind of wisdom I come to /biz/ for

>> No.23966340

>>23964463
truth in here
>>23964613
you're putting so much faith in the team, but you can't really dispute the logic in that pic

>> No.23966395
File: 86 KB, 859x973, toMuchSupply.jpg [View same] [iqdb] [saucenao] [google]
23966395

>>23963609

>> No.23966404

>>23964268
>$10 is literally moonboy speak.

You, right now, are guaranteed to be holding some shit that you honestly expect to pull a similarly ridiculous return. Everyone here is. Everyone here is a "moonboy" for some shit; it's only brand loyalty that makes the difference what.

>> No.23966484

>>23961788
basically a scam erc-20 token, with connected people that claim that they will use this token to trade another shitcoin, in reality, the investors and the team will dump this shit when they get the chance.

They can also mint as much they want, I suggest you sell before losing money to the imminent dump

>> No.23966521

>>23966484
I forgot to say that the app is not using any type of blockchain ( and probably never will), as it's not needed.

>> No.23967232

What would be the reason for RSR pumping?

>> No.23967393
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23967393

>>23966395

>> No.23967640
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23967640

>>23967232
isn't everything pumping?

>> No.23967669

>>23966340
I'm expecting them to act in their own self interest, sorry that pumpenomics has turned your brain to mush.

>> No.23967739
File: 179 KB, 825x1280, RSRsupply.jpg [View same] [iqdb] [saucenao] [google]
23967739

>>23966340
>what is token lock
even assuming the team wanted to "dump" their tokens and destroy the project they have been working on for years, they literally cant. at least read up on the project before spouting bullshit based off a retard biz FUD pic

>> No.23968104

>>23961788
Its the next biz multiyear win.
The last one was link, link has been shilled on this board literally for 3 years straight without a break.
RSR started same, a thread here, a thread there, now we are at point where there is almost never an RSR thread, this will continue for some amount of time and RSR will do a 500x. I bought 10k USD man some months back before the recent pump, that has been worth just over 50k at one point. That recent ath was 100% an interest spike created here and only here. Held though, we'll see if that was right or not, I think it will be and this will unironically be the token that sets me free.

>> No.23968386

>>23967232
I think it's dumping.

>> No.23969173

The rate at which owners of rsr convert back to btc when it goes up is staggering...

>> No.23969249

>>23968104
It’s this kind of intensely delusional cope that makes it plainly obvious that this shitcoin is going absolutely nowhere.
Retarded moonboys do more damage to this board than scammer pajeets.

>> No.23969344

>>23969249
just look at the charts, it is more bullish than most other altcoins right now, 0.025 EOM does not seem out of reach, especially if it gets listed on Coinbase

>> No.23969508

>>23967739
>5 billion tokens bought at 0.0004 unlocked aftet main net
Lol, I better sell this shit after the coinbase pump and before that happens

>> No.23969584
File: 212 KB, 539x541, 1603333836401.jpg [View same] [iqdb] [saucenao] [google]
23969584

>>23969344
you accidentally added a 0 after the decimal, fren

>> No.23969663

>>23969584
Fuck I sure hope we go back to 3 cents so I can finally unload 50% of my stack

>> No.23970044

>>23969249
I guess we will see anon.

>> No.23970391

>>23969663
unloading any amount before cb listing and main net launch is retarded

>> No.23970629

>>23969249
>It’s this kind of intensely delusional cope that makes it plainly obvious that this shitcoin is going absolutely nowhere.

btw, i suppose you are a linker that actually thinks link will ever be adopted and used by anything relevant?

>> No.23971191

>>23964217
i hold 100k
You sound more desperate..

>> No.23971329

>>23971191
>begging people to spoonfeed you
>n-no you are the desperate one!

>> No.23971413

>4% up
>5% down
it's all so tiresome

>> No.23971486

>>23971413
>>4% up
>>5% down
>it's all so tiresome
check binance futures rsrusdt, big manipulation rn