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

/biz/ - Business & Finance


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24076572 No.24076572 [Reply] [Original]

I hate money.

>> No.24076637
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24076637

>>24076572
Good on you friend.

>> No.24076673
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24076673

based and gonna make it pilled

>> No.24076685

>>24076637
Haha, picture hitting em feels

>> No.24076811

What's so good about this coin?

>> No.24076812
File: 862 KB, 1259x1600, sta21.jpg [View same] [iqdb] [saucenao] [google]
24076812

You're about to experience either heaven or hell - there's no in-between.

>> No.24076834

>>24076811
Btw if you can convince me, I am ready to put like 5000 dollars on it

>> No.24076852

>>24076811
It took me a few weeks to get it so don't worry. But as the one anon here said once you get it you REALLY get it.

Essentially STA is inserted into a liquidity pool. The balancer keeps the liquidity pool in perfect balanced ratio. So if one of the tokens go up, it will sell that token to buy the others so that the growth is steady. So you believe in crypto to succeed then you believe in STA to grow. Also, everytime STA is involved in a transaction (sold/bought/ratio corrected by the balancer) it will burn 1% of that STA, creating deflation and more volume. Now if the demand remains the same or grows, price WILL increase due to deflation. Any of the balancing creates volume which creates more fees.

But what if STA dies and has no volume you say? It does not matter, because the Statera involved in the pool means that volume is also counted for everything else in the pool, so eth btc link snx. Do you really think these will have no volume?

As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.

Of course there is much more to this, but this is the basic idea.

>> No.24076868

>>24076834

It's a self-perpetuating monster that is designed for the sole purpose of generating wealth for the holder. Read the first few pages of the whitepaper, ponder it, and when it clicks your face will melt.

>> No.24076869

>>24076852
If more people buy, and you are pooling, and the APY increases.. isn't this an invitation for whales to eternally dump and get richer..?

I don't see how a normal person can win, only the mighty whales win in this one..? am I wrong

>> No.24076890

>>24076852

I'm the "one anon" in this copy-pasta btw. Heed the call.

>> No.24076911
File: 111 KB, 1280x1160, sta16.jpg [View same] [iqdb] [saucenao] [google]
24076911

>>24076869

If the price of STA dumps then everyone pooling will automatically buy it, as this is the function of Balancer. So it makes it very difficult for whales to dump the price down once there is adoption.

>> No.24076922

>>24076869
>As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.
This should be all you need to know
Seeing as how you can practically become a dolphin right now.
I wouldn't sit around thinking on it too long.
These prices will not stick around long.

>> No.24076946

>>24076922
>>24076911
I have a thing for schizos, because I am one myself.

Now.. tell me, how much do I need to be a dolphin and secondly, if I do buy, should I HODL or use this pool thing you're talking about?

>> No.24076958

>>24076572
>I hate money.

No need to state the obvious, we can all read the thread title.

>> No.24076967

>>24076811
Tokens with usecase half as useful as Statera’s will see market caps in 100s of millions. Statera is a solid small cap project that relatively many people know that benefits much more from the main tokens going up than a typical low cap. Couple this with the upcoming update and marketing push I would say Statera is one of the best projects under $10M market cap to invest in in a bull run. Especially now that it’s going down you’ll get a considerably sized bag for pretty cheap.

>> No.24076979

>>24076946

100k will get you far. It seems the consensus is we'll all be pooling in the $1.00-$1.38 range. Until then we're hodling STA and strapping in for the ride up.

>> No.24077006

>>24076946
133k stack would make you a top 100 holder.
Whale status next year.
$5k usd gets you that right now.
Whether you want to DCA in to it over the next week or so is up to you.
Many are not pooling STA right now as impermanent loss becomes a problem.
>https://www.youtube.com/watch?v=8XJ1MSTEuU0

>> No.24077019

>>24076979
>>24076967
I am just sooooo damn confused why it dumped so hard. There has to be something to it. Why did it crash like this if it was so good? AHHHH it makes no sense. Anyone wanna be honest about this dump to me?

Thx anons

>> No.24077057
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24077057

>>24077019

The characteristics of the pool that make it "dump-proof" are only present once we have a decent amount of adoption. Until then STA's price is subject to the traditional forces of supply vs. demand.

We've experienced a pump and dump, it's as simple as that. Once enough people are pooling however (again, $1.00-$1.38 range), this thing is going to snowball.

>> No.24077067

>>24077019
There’s a top wallet that is obviously bored of waiting the news dumping and that’s causing smaller holders to sell in panic.

The team has finally given an ETA for the current update so I don’t quite understand the point of dumping at the moment. It’s probably the biggest thing for STA since the previous pump and the price is guaranteed to go up.

>> No.24077095

>>24077019
Some top wallets have been selling for other "hype" projects. (CORE/KP3R)
They will be back though.
And of course there are those that bought BTC/ETH in hopes we have another run like 2017.
When alts start pumping again, STA will take off.

>> No.24077162

>>24077095
>>24077067
>>24077057
https://etherscan.io/tx/0x756ccd5476619ade5bfcd50a9430f4ea0fc0bab030d2e3a8f868f814a1cb5369

I hope I made a high IQ play here. Don't fail me anons. I'll add another 50k if it dumps to 3 cents.

Just noticed it swiped 1000 from me (guess thats the burn?)

>> No.24077199
File: 190 KB, 888x888, 1603620579528.png [View same] [iqdb] [saucenao] [google]
24077199

>>24077162
Well done anon.
>Just noticed it swiped 1000 from me (guess thats the burn?)
Yes sir, EACH transaction incurs a 1% burn. So even sending to another wallet will burn more STA.
Truly is beautiful, isn't it?

>> No.24077202

>>24077162
I hope it pays out but it will be a rough month or so. The 1000 is indeed the burn in action.

I’m a top 30 coping bagholder myself and don’t see a point in selling this low (even though I’m still in the green) so just letting it ride. Luckily my other bag is doing alright.

>> No.24077237

>>24077202
>>24077199
I always side with the schizos of /biz/ so hopefully this one works out. When do you expect the good news to roll in if the next months supposed to be rough?

>> No.24077246

>>24076572
nice abstract blepe

>> No.24077258
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24077258

>>24077162

Pretty based, not gonna lie. Be prepared for this to not the the bottom though. Regardless, your entry price is excellent.

>> No.24077271

>>24077258
>Not the bottom

How low can it go? It looked bottomed as shit to me from the graph

>> No.24077274

>>24077237
Well I think they are getting pretty close so I would say within a month we start seeing some proper actions. One of the admins estimated we will get something on the table before dec but that’s not official.

>> No.24077284

>>24076811
Its basically an index fund that loses you money, insane right?

>> No.24077320

>>24077237
Good news/updates are said to be coming in December some time.
I personally could care less though, while a dashboard would be nice, crabbing works out nicely with my investment style.
Bottom is 0 cents of course, but if you look pre 40 cent pump levels, I don't see us ever touching 1 or 2 cents again.
There are many like you and I just waiting with fiat to scoop up huge bags of STA.
Those that know the possibilities and future power of pooling - know.

>> No.24077331

>>24077320
How does one expect this to pump again? What's the strategy?

>> No.24077336

>>24077246
Thank you sir.
>>24077284
Correct.
>>24077271
I am calling the local bottom here. 4 cents is an AMAING entry.

>> No.24077338

>>24076812
So the linkies became sta-junkies

>> No.24077344
File: 3.59 MB, 2111x3261, 1604394808872.png [View same] [iqdb] [saucenao] [google]
24077344

>>24077331
FOMO avalanche.
Volume works wonders with STA.

>> No.24077368

>>24076572
waiting for this shit to start pumping again so I can swing back in
>t. sold my stack at the last top and put it all in PNK and as of yesterday CP3R

>> No.24077370

>>24077344
Uh.. so whos gonna be the first mover then..? Like someone has to light the fire......

>> No.24077396

>>24077368
Wait are you supposed to buy this when it pumps? I am confused now...

>> No.24077402

>>24076572
Stop flooding the board with your shills no one cares about your bleeding bags
>>24077019
Because updates keep getting delayed and whales are selling. They have insider info so that’s a very bad sign

>> No.24077420

>>24077402
Damn, oh well. I can sell now for -200 dollars or just wait it out. Hopefully this is near bottom.

>> No.24077446
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24077446

>>24077370
>>24077396
>Uh.. so whos gonna be the first mover then..? Like someone has to light the fire......
>Wait are you supposed to buy this when it pumps? I am confused now...
I didn't realize you were so new to the space.

>> No.24077464

>>24077446
Yeah, I started with 100 bucks and did a few trades to get 10000 dollars on lowcap shit. But I am still learning actual trading stuff

>> No.24077475
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24077475

>>24077402
WROOONG NIGGER WHY YOU ALWAYS LYIN, NOONE GETS INSIDER INFO

>> No.24077493
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24077493

>>24077237
Finally someone who's not a fucking LARP. Well done anon, you'll profit immensely from it in the future. The incoming news is a dashboard which will greatly ease pooling and provide the metrics in a clear and easy to get format.

> amount of tokens left, apy% of delta, apy% of Phoenix, volumes, total liquidity etc.

Currently the information and the process of pooling is somewhat difficult for normies. The dashboard itself won't cause a pump, but they're preparing a big marketing wave along with it, which should bring more holders/poolers... And pooling will be easy with the use of the dashboard.

Also, they're currently working on a project to make a pool directly with STA (as the current iteration of Balancer Labs is not safe with deflationary tokens). That would bring a bigger burn, since every arbitrage made would instantly result in a burn (instead of relying on arbitrage on the uni-v2 tokens currently in Phoenix).

Glad to see you on board, and I can't wait to congratulate you next year on our yatch meet up.

>> No.24077499

>>24077464
You did well here anon.
Just have patience with this one, and give the whitepaper a visit so you can be more confident in your holding.

>> No.24077536

>>24077493
>>24077499
I hope I make it.. Just a bit worried that people are surprised that I bought as if they were expecting a bottom of like 1 cents...

>> No.24077551
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24077551

>>24077402
>Because updates keep getting delayed and whales are selling. They have insider info so that’s a very bad sign
Still posting this fud lmao, etherscan is available for anyone to view in case you thought people cannot see through your lies

>> No.24077558

Is it just me or is there a problem with it on Uniswap right now? The price doesn't seem to be moving compared to ETH and when I try to buy some it gives me an undefined error.

>> No.24077560

>>24077536
its the fudders you FOOL, DO NOT LISTEN, HOLD AND DONT READ THE FUD IF U ARE EMOTIONALLY WEAK

>> No.24077575
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24077575

>>24077558
trade whole numbers, no decimals e.g 10000
NOT 10000.324234242, change slippage to 1.1-1.5%

>> No.24077581

>>24077536
It might still drop ngl, but I don't think it'll reach 2cents... Low 3s would already be absolutely insane, would probably mortgage my house to scoop as much as I can.

>> No.24077589

$10 END OF NEXT YEAR MOTHER FU-

>> No.24077601

>>24077575
That did it. You're a king. Thanks, anon.

>> No.24077636

>>24077581
Low 3 is fine for me. I don't care. I have back up to buy more. It's 1 cent that makes me nervous. Hope we don't get there.

>> No.24077644

>>24077536
You are trying to buy the exact bottom anon?
Very hard to do.
Once you've been in crypto a while you will start to read local bottoms. This is the local bottom for STA.
Crabbing at low prices like this is a blessing in disguise for us.

>> No.24077656

>>24077644
I bought because it looked like a local bottom to me. I have no idea what the coin did. Just saw the OC memes and intuitive local bottom desu.

>> No.24077668
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24077668

>>24077656

>> No.24077710
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24077710

market cap = supply x price

As an example for 5,000 supply at $2: $10,000 = 5,000 * $2

Whenever STA is traded between wallets, 1% gets burnt. Now let’s assume two things:

1- Volume of 50,000 STA gets traded, causing 500 STA to get burnt reducing the supply to 4,500

2- Ignore the demand/price force for STA’s utility (for now)

Since we are ignoring demand, the market cap will remain the same. This burn will therefore cause price to increase:

10,000 = 4,500 x p, which means price should theoretically be pushed to 2.22.

This price increase will cause the STA value in Balancer (or Phoenix) to increase, forcing the pool to rebalance. Rebalancing means selling STA and buying the other 4 coins to keep the percentages as initially agreed upon (50 ETH / 20 STA / 10 BTC / 10 SNX / 10 LINK). Now remember, selling STA will cause STA to be burnt again (supply decreasing), causing a ripple effect: the cycle will keep repeating itself at a decreasing rate, even if no further human-triggered trades happen.

>> No.24077727
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24077727

>>24077710
Now we can talk about STA’s utility: why would people demand STA? What does it do?

Balancer gives a return of 1% of total transactions volume that happened from all the rebalancing. Remember, rebalancing does not only happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price (which by the way means more STA is burnt). That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:

Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return as scam because they are high, but they are not a scam but actually STA’s genius.

A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.

The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.

Now add to the above all the demand action from wanting to buy and hold or buy and trade.

Whether you think it has value or not, no one can stop it. People will want to earn high interest income. Balancer will keep balancing. Statera will keep burning. And the tokenomics in my OP will keep repeating itself.

>> No.24077736

>>24076811
literally nothing, it doesnt do anything except deflate, there is nothing built around it, its just a shitcoin. you cant just be a shitcoin nowadays, those days are over and the only shitcoins that stick around are entrenched ones like ltc and bch

>> No.24077748

>>24077727
>>24077710
>>24077668
So how exactly do you lose then? Seems like a genius ponzi?

>> No.24077863
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24077863

>>24077736
not being a scam makes you the top 1% automatically

>> No.24078096

>>24077162
wtf why did you sell already?

>> No.24078123

>>24078096
Just incase it goes to 2 cents. I Broke exactly even and lost nothing.. after burn + gas.. I need to rethink this. 2 cents seems plausible

>> No.24078253
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24078253

>>24078123
You are unironically not going to make it.
I almost feel bad saying it to you, but holy shit.
It is like you are LARP, but you are not LARPing.

>> No.24078278 [DELETED] 
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24078278

>>24078096
I can't wait to see what price he fomos back in at.
Hilarious.

>> No.24078359
File: 48 KB, 1239x479, topkek.png [View same] [iqdb] [saucenao] [google]
24078359

I am never forgetting this.
Actually hilarious.

>> No.24078367

>>24078123
If you're not LARPing...
If this thing goes anywhere near 2.5 or 2 cents, or will be bought up very quickly.
I'd be very surprised if it went that low, but I'll be adding a shitload more at 2.5 cents myself.
Because the upside is absolutely outrageous, to be quite honest.

>> No.24078417

>>24078359
2k burnt free yehawww anon I take back all I said you're a fucking LARP and a retard, we won't meet on a yatch you ball less donkey

>> No.24078430

>>24078253
>>24078367
Kek I was semi larping yes... I'll buy at 2 cents or something idk

>> No.24078478

>>24078359
iron hands

>> No.24078500
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24078500

>>24078430
yikes anon, i hope you have success but the odds are stacked against you, your room temp IQ is going to be a hinderance

>> No.24078515

>>24078500
I am a physics PhD student with a 145 IQ. My theory is that this coin only strives in high volume so I will buy at 2 cents before the pump.

>> No.24078560
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24078560

>>24078515
same

>> No.24078581

>>24078560
Feel like FOMOing back bros.. I was wrong all along. Please forgive me.

>> No.24078596
File: 489 KB, 575x417, 2cents.png [View same] [iqdb] [saucenao] [google]
24078596

>>24078430
>idk
>i don't know
>he doesn't know

>> No.24078622

>>24078596
KEK.. save these in your folder please.. I want to see them posted when statera makes it. Hope I gave you guys a solid kek tonight.. I need a second to think about this pleeez understand...

>> No.24078758

A suicide stack is 30k if I not mistaken. Is it better to just hold sta or pool it in Phoenix. Which is more profitable?

>> No.24078849
File: 1.22 MB, 829x1015, 1602680306241.png [View same] [iqdb] [saucenao] [google]
24078849

>>24078758
read about impermanent loss

>> No.24078898

>>24076572
and here are without any stake in the bonded.finance too. poor

>> No.24079246

>>24078898
>and here are without any stake in the bonded.finance too. poor

>and here
>are
>without any
>in the
>too
>poor

pheeww prabeesh your poopoohole stinks! close it!
Oh wait, that is your mouth!!?!

>> No.24079864

Im glad the devs left for xBTC. Abandoned dead project with no updates since August.

>> No.24080063
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24080063

>>24079864

>> No.24080089

DEVS banning people who dont spam 1$ in price chat. Predicted .03 and it triggered them, banned me. They are trying to silence people because they no dams bursting. Added another whale to dump list.

>> No.24080255
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24080255

>>24080089
do you really think making yourself look like a pathetic unsociable faggot is going to affect sentiment around here?

>> No.24080531
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24080531

>>24080089
Imagine being this salty about getting banned on tg that you keep coming back to biz to spam three days after

>DEVS banning people who dont spam 1$ in price chat
You were the only one banned in a long time and it was not because of what you are saying

>They are trying to silence people
There's plenty of discussion about the price going down and nobody is getting banned (except from you)

>Added another whale to dump list.
You seem to have problems making up your mind. Have you dumped or not? In telegram you claimed to have sold everything at 30c and waiting for the price to go back down to 3c so I'm slightly confused.

>> No.24080635

>>24080531
This will be good. Why was I banned then?

>> No.24080674

>>24080635
Oh hey another "ill buy at 2 cents guy" like me. Based. You still down for 2 cents or could it go lower?

>> No.24080983

>>24080635
The fact that you are still in literally every STA thread crying about it after three days should probably tell enough of you as a person and why you aren't wanted in.

Just get over it, that's just sad man. It's like stalking your ex after she broke up with you and I guess you would do just that too.

>> No.24081006

>>24076572
Congrats on buying low anon,.now just sell high.

>> No.24081080

>>24080983
Sure. If my ex was an asset that I owned over 1% of her. And she banned me from 1 of her houses but we meet up in her other 5 houses. And that Im cheating on her by dumping 5% of her body everyday. If all those things were real, yeah I'm a stalker man.

>> No.24081115

>>24081080
You should probably get some help

>> No.24081358
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24081358

>>24081080
You like Phil Collins? Been a big Genesis fan, ever since the release of their 1980 album, Duke. Before that, I really didn't understand, any of their work, too artsy, too intellectual .. It was on Duke, where, uh, Phil Collins presence became more apparent .. I think "Invisible Touch" is the group's undisputed masterpiece .. It's an epic meditation on intangibility .. at the same time it deepens and enriches the meaning of the proceeding three albums .. Christy, take off the robe .. listen the to the brilliant ensemble playing of Banks, Collins, and Rutherford, you can practically hear every nuance of every instrument .. Sabrina, remove your dress .. in terms of lyrical craftsmanship and sheer songwriting, this album hits a new peak of professionalism .. Sabrina, why don't you dance a little .. take the lyrics to 'Land of Confusion", in this song Phil Collins addresses the problems of abusive political authority .. "In Too Deep", is the most moving pop song of the 1980s about monogamy and commitment .. the song is extremely uplifting, the lyrics are as positive and affirmative as, uh, anything I've heard in rock .. Christy, get down on your knees so Sabrina can see your asshole .. Phil Collins solo career, seems to be more commercial, and therefore more satisfying in a narrower way, especially songs like, "In The Air Tonight" and, uh, "Against All Odds" .. Sabrina, don't just stare at it, eat it .. but I also think, Phil Collins works best within the confines of the group, than as a solo artist, and i stress the word, artist .. this is "Susudeo", a great, great song, a personal favorite ..

>> No.24081432

>>24081080
Huh?

>> No.24081455

>>24081080
deranged

>> No.24082103

Just sad how low this has fallen. Happy to see its a low bleed at least. Fuck the shilling community

>> No.24082743

>>24082103

if STA fails, it's ENTIRELY /BIZ/'s FAULT. After all this hard WORK.

This was biz's coin, if you guys don't support it, you are RESPONSIBLE for STA's death. So BUY some STA right NOW.

>> No.24083001

>>24082743
buy when the dashboard and marketing happens instead

>> No.24083042

>>24083001
or you know, buy now when it's cheap as fuck

>> No.24083105

>>24082103
Keep replying and maybe the threads go away (they won't). Or maybe just get on with your life and ignore them, it's your call.