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/biz/ - Business & Finance

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26008522 No.26008522 [Reply] [Original]

We can see from my TA that Statera is designed to forever be a 6-8 cent stablecoin. Do what you will with this information.

>> No.26008597
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26008597

>>26008522
That’s one of the most bullish charts I’ve seen. Seems like we are currently in a phase of re-accumulation?

>> No.26008623

>>26008522
This is based. Thank you OP. I have just decided to sell as we sre above 8 cents. My buy in is higher but I will re-buy at 6 cents. Lost 5 eth on this swing

>> No.26008659

>>26008522
Ok, just gonna pool into Stanos for that passive income then

>> No.26008672

>>26008597
Yeah, definitely reaccumulation if we look at the post halving cycles. If we look at the first one we are kinda in accumulation still but the cycle after 1st and 2nd halving seems to be most accurate to what we have to be honest
>>26008623
Trust me, I don't blame you. I hold 200k statera and even I think it will fail

>> No.26008680

>>26008522
no that's wsta, sta is the same but a small percent burnt, which makes it go up inevitably

>> No.26008741

>>26008680
So it’s a scam? Statera token not needed because wsta has replaced it?

>> No.26008767

>>26008672
based fud
seriously tho - what's the incentive to hold statera since it can't be pooled?

>> No.26008790

>>26008741
yeah I think we are having the same thoughts

>> No.26008797

This thread is going right to hell so I will see how you will lose with your fucking shitcoins, kek
>Base tokens is already on my portfolio so I just launching on you

>> No.26008832

>>26008767
Well it can be pooled in infinity pool which is very comfy. Also balancer might release v2 allowing for deflationary tokens like STA to be inserted directly again. Can also pool it in Delta. Also wSTA and STA will forever be pegged closely to eachother as you can wrap/unwrap them in a 1:1 ratio, so it's basically the same thing.

>> No.26008873

>>26008522
If you really believe this shit can stay above 6c more than a few weeks you are deluded.

>> No.26008898

>>26008790
Yes. Apparently, the dashboard is a psyop. The devs are planning to delete statera and make it useless by wrapping all statera so it can’t burn. The reason for this is because Abu allegedly left the group so they are mad at him and refuse to donate the 1% burn from the statera token to the nigerian terror cell

>> No.26008948
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26008948

>>26008873
ns;op

>> No.26008986
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26008986

>>26008873

>> No.26009014

>>26008832
This looks nice, but can one obtain wSTA from STA avoiding Infinity pool? I guess so, as wSTA could not just spark from nothing.
What is the incentive to use the Infinity pool?

>> No.26009096

>>26009014
What do you mean? Well the idea with infinity pool is to pool there if you want to bet 100% on statera going big and getting huge volume and spiking in price. It's like yield farming statera

>> No.26009126

>>26009096
I mean, why would one buy from that pool?

>> No.26009264

>>26009126
People buy wSTA directly in order to pool it. Many people still don't understand pooling and buy STA. This makes the prices fluctuate, and then of course Stanos keeps buying and selling wSTA which means price of that fluctuates which ripples over to the Infinity pool and makes the autobalancer sell and buy there. Arbing bots make great use of Delta as well, minting and unminting it and wrapping in order to profit which causes more volume. Statera is THE arb token

>> No.26009326
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26009326

>PROFESSIONAL Technical Analysis

>> No.26009422

>>26009014
Yes, buy STA and wrap.

>> No.26009823

>>26009264
>Many people still don't understand pooling and buy STA
so what happens once if at some people understand pooling?

>> No.26009873

>>26009823
ok seems I am ilterate - what is supposed to happen once people realize wSTA can be bought directly?

>> No.26009874

>>26009823
If history is of any indication, the sky is the limit.

>> No.26009919

>>26009873
That will ramp up volume which means the balancers have to work even harder and more arbing opportunities meaning even more volume. People will see the APY and will want to pool, creating a self-perpetuating loop of money influx. It's not even so much wSTA but people just hearing about STA in general. Currently it's only a /biz/ coin

>> No.26009941

>>26009873
Where do you think wSTA comes from?

>> No.26010028

>>26009941
I know, I know, but at some point the majority of STA might be wrapped unless actual unwrapped
STA can be pooled

>> No.26010103

>>26009873
If STA/wSTA prices differ enough, arbitration opportunity ensues.

They are basically the same thing, but wSTA has condom on for DeFi products.

>> No.26010186

>>26010028
Infinity pool offers wSTA/STA pair on uniswap for arbitrage.

wSTA was needed for balancer.