/biz/ - Business & Finance

[Anonymous No.29195085]

>fuds and shills fuck off

I really don't get it, /biz/.
Today I decided to rebalance my shitty ETH20 portfolio. I had no ETH for gas fees, and the closest place I had extra funds was on the same wallet, but on the BSC. After some research, I found this stupid fucking exchange that has been riling this retarded board up for weeks.
Shit just worked, which is surprising given how broken the crypto world is in general. I swapped my shitcoins over and did my business.
What's the deal with this coin? Why is it so polarizing? Is it undervalued? Overvalued? Why is it loved/hated so much? Is a cross-chain swap less of a big deal than I'm making it out to be?
Please enlighten me.

[Anonymous No.29195185]

>>29195085
It's using 1inch under the hood. Their actual product is vaporware and even if it was perfect the token is not needed for it to function. It was co-opted as a PnD and will now free fall

[Anonymous No.29195328]

>>29195185
does it really uses 1inch kek

[Anonymous No.29195354]

>>29195185
1inch doesn't have bsc

[Anonymous No.29195429]

>>29195185
It uses 1inch for the Ethereum to Ethereum token swaps.

[Anonymous No.29195527]

>>29195085
It's got high potential but was pumped off nothing but hype.
It's most likely a long term safe hold as the team is working on a lot of good stuff that you can find on their roadmap.
If they deliver $10 eoy is not impossible, that would put it at 1bil mc.
Next big mile stone is limit orders on the 25th.

[Anonymous No.29195699]

>>29195085
>Please enlighten me.
It's a scam.

[Anonymous No.29195718]

>>29195527
1b marketcap by years end would be a solid achievement and one which I think can happen.
This is a comfy hold and only good things are coming.

[Anonymous No.29195847]

>>29195699
>fuds and shills fuck off

[Anonymous No.29195934]

>>29195085
It's a long term safe hold that got pump and dumped by people that didn't know it's value and it currently exists in a ponzi scheme bear market where every memetoken on the internet is reaching 10x in the span of 48 hours. It's a safe buy with almost guaranteed profits, but in the current market it's probably the worst buy you could make if you're a coked out gambler like 99% of this board is. Go buy bitcoin or goodboi or wynaut or whatever the dogshit meme coin of the week is. Come back in a week or so when you have 5x as much cash from your meme stocks and buy in when it's still being fudded down to 0.25~.

[Anonymous No.29195979]

A bunch of retards FOMOd into a PnD and now shill their bags.
Nothing polarizing, just /biz/ as usual.

[Anonymous No.29196010]

fuckin pancaaakeeees

[Anonymous No.29196140]

>>29195085
>>29195934
Oh yeah, on top of every memecoin mooning ETH prices are fucked at the moment so nobody sane is going to be buying the stagnant long-term hold instead of the mooning pump and dump.

[Anonymous No.29196436]

>>29196140


>Bought 12k RBC and put it in liquidity at .15 cents
>Been collecting those fees

[Anonymous No.29196494]

>>29196436
>fees
Wait, what fees?

[Anonymous No.29196653]

>>29196494

When you put ETH/RBC or any pair up for liquidity on uniswap, you collect a % of the fees when people buy/sell into your pool.

RBC also giving people +20% back in whatever they put into the pool if they hold from early Feb - May, so I'm holding for awhile.

[Anonymous No.29196689]

>>29195847
It's not fud, but a fact.

[Anonymous No.29196829]

>>29196653
>>29196436
Well fuck, I wish I knew that weeks ago. I would've just put a fuckload of RBC or ETH up for liquidity and slept on it. Is there any downside to doing this or is it just basically free cash? Also, if RBC does moon to $5 or so does that mean you'd basically be making a few hundred every week just from liquidity?

[Anonymous No.29197283]

>>29196829
Anon the people fudding this day in day out are just accooomulating while weak hands and fools like you allow them to scoop up cheap cubes. Read yesterdays weekly report /biz is mocking you.

[Anonymous No.29197472]

>>29195085
>>29196829
Since i got green ID ill share what this fag just said in their telegram, it sums it up pretty clearly for you.

[Anonymous No.29197526]

>>29195085
at least rubic is doing better than Asko

[Anonymous No.29197539]

>>29197283
I have over 5,000 RBC, I just didn't know that I could put it up for liquidity and get even more cash from it. Or am I a retard and I'm misunderstanding what putting something up for liquidity means?

[Anonymous No.29197631]

Why does rubic need a token though?

[Anonymous No.29198746]

>>29197539
5k is nice anon, but not a suicide stack, so you should work on that - buy the dips while its crabbing. And absolutely NOT worth providing liquidity on Uni for... fukkin gas rape alone... google impairment loss (IL)

If our cubes fulfill their potential, it's acoomalate ang mid-term hold for the win.

>In at 0.006, not sold a single cube

[Anonymous No.29199234]

>>29198746
What'd you say a minimum suicide stack is to make it big?

[Anonymous No.29200568]

>>29195085
give a link to the txhash, I havent seen any txhash of a trade using this platform

[Anonymous No.29201656]

>>29195085
Disclosure: I own a 100k stack, bought at ~.15

>What's the deal with this coin? Why is it so polarizing? Is it undervalued? Overvalued? Why is it loved/hated so much? Is a cross-chain swap less of a big deal than I'm making it out to be?

It's EXTREMELY undervalued. However it's also in stealth mode right now, hence the tiny market cap. Basically their only marketing so far has been an AMA on /biz/. Plebbit and normies are currently unaware of its existence and as of a couple weeks ago 55+% of the entire market cap was owned by bizraelis, so it quite literally was/is /ourcoin/. It's also not often you find an all-white fully doxxed team with an already working product, so a lot of people were excited about it. It gets compared to LINK a lot because a lot of the same social vibes are there in terms of memes and early fud, even though the project is fundamentally different.

There was some extreme initial exuberance that pumped it from like 2 cents to 80 cents over the course of 2 weeks, a lot of people FOMOed in and are salty after the correction.
The fud on this has been extremely bizarre. Of course you get the ironic, made up satirical/funny fud (funnies fud since LINK actually) such as stories about Indians farting on a livestream, but there has also been some legitimate malicious things such as people photoshopping fake discord conversations, shooping fiverr pages, etc.

In terms of fundamentals its an extremely strong buy and hold. Limit orders (actual true limit orders, not a gay order book) are coming on the 25th and as far as I know this will be the first time a DEX has done this. L2 should help more with gas fees and will be late Q1/early Q2. Crosschain swaps you have already seen. UI redesign and Anonymizer are coming soon as well. Assuming the team delivers I cannot imagine a universe where it remains at 26 million market cap.

It will likely be a long term hold. Anything could happen but I very much doubt it will be doing 4x's in a day again.

[Anonymous No.29202268]

>>29199234
15k minimum

[Anonymous No.29203369]

>>29202268
The old line was 10k, what changed?
I'm holding 2500.

[Anonymous No.29203377]

the people who didn't get an obvious 10x off this come out of the woodwork everytime. the ego that stopped them from making such ludicrous gains once again rears its ugly head.
stay
poor

[Anonymous No.29204839]

>>29201656
wow people said the same about LCX and that it is a solid long term hold. I bought the top and then it dropped to the old price. I sold and I didn't care about LCX anymore, this is probably how everyone feels who got in above the current price of Rubic

[Anonymous No.29204872]

>>29201656
What is the point of the Rubic coin in all this? Where does it fit in?

[Anonymous No.29204908]

>>29204872
it's the exchange's gas token essentially. when everything is implemented you'll only pay a few rubic at most for swaps rather than shittons of ETH on uni

[Anonymous No.29204981]

>>29204872
This explains it for you anon

[Anonymous No.29205101]

>>29195085
They have 0 advertising team and marketing budget
it has 6k holders, and most of those holders are /biz/fags
it has a miniscule market cap, if it had 1% of uniswap's mcap, rbc would be worth 10$

even as a single use eth->bsc bridge it's undervalued
This is what it feels like to get in early

[Anonymous No.29205119]

Newfag here. Can this convert Eth to BNB? Was going to attempt it but it just says ETH (ETH Mainnet) to ETH (BSC). Is that correct?

[Anonymous No.29205369]

>>29205119
it gets you bETH which you can then go and swap for bnb at will

[Anonymous No.29205525]

>>29205369
Thanks fren! One more question. So I'm assuming bETH will then show up in my metamask on the BSC network. At that point I can trade the bETH on something like pancake swap for BNB? Your help is greatly appreciated.

[Anonymous No.29205704]

>>29203369
It’s always been 10k, >>29202268
is a faggot

[Anonymous No.29205791]

>>29203369
>>29205704
What the fuck are you saying? The suicide is 50k and the make it is 500k. It's always been.

[Anonymous No.29205903]

>>29205791
Assuming a modest price in a year or two of $10, a sui of 10k would be $100k, nice enough that you don’t suicide for not buying in. A make it of 100k would mean $1m, which is a common make it number. Stop trying to dunk on poorfags

[Anonymous No.29205905]

>>29205791
fud
the suicide is 500 and the make it is 1k

[Anonymous No.29206081]

>>29197283
copium
>>29197631
good question, hope they work on this point in the future, right now it's not needed, anybody can use the exchange
>>29201656
This kind of FUD exists for many tokens: link, parsiq, ... Only matter of satisfaction for rubic holders is these tokens are extremely robust

[Anonymous No.29206559]

[Anonymous No.29207339]

I think lots of bagholders can be expected to sell their bags once the price goes back up. Getting to $1 won't be that easy.

[Anonymous No.29207571]

>>29207339
True. On the other hand $2-3 could be doable considering how much liquidity is pouring into crypto right now and how small the market cap is at this point.

[Anonymous No.29207625]

We're gonna hit 20c today are we

[Anonymous No.29207909]

>>29204981
Nice, thanks anon

[Anonymous No.29207998]

>>29197526
Asko's doing great as someone who bought in at .05 after the crash

[Anonymous No.29208036]

>>29205101
honestly you are right anon, the biggest problem currently is for rubics reputation to recover after being so callously shilled and fudded, and it didn’t help that it was basically used as a pnd by biz despite having long term holding value. if growth had been more natural rbc would be in a much healthier spot rn but i think we can get back on track when these upcoming features are implemented

[Anonymous No.29208145]

Rubic simply pumped too much at once and it's correcting. The product exists, the team is working, and collaborations are real. Just give this project a couple months and we're over $1 at 82.4%.

[Anonymous No.29208497]

I should have sold at 60 cents but I listened to you retards and now I have to hold bags of a freefalling shitcoin

[Anonymous No.29208558]

>>29208145
Yes, this is the reason I am feeling so comfy holding RBC even if its falling

[Anonymous No.29208842]

>>29195185
Only for about 1 more week then it won't be.

[Anonymous No.29209130]

>>29196689
>>29195699
Please at least provide some reasoning

[Anonymous No.29209200]

>>29208036
its reputation isn't an issue except for this board, which also doesnt matter
what rubic needs is to introduce the features it's doing up to 1st march and get some volume, that's it
the rest will take care of itself once the dev they hired for ui does his work and they introduce their own l2 solution separate from matic

[Anonymous No.29209381]

>>29195328
they are not even trying to hide it
also the cross chain is binance bridge under the hood

[Anonymous No.29209516]

>>29209381
why would they try to hide it? why is it bad that they integrate the binance bridge?

[Anonymous No.29209590]

>>29209516
ignore >>29209381 he is actually retarded

[Anonymous No.29209630]

>>29197526

What is that shit?

[Anonymous No.29210573]

>>29204872
staking

[Anonymous No.29210645]

>>29204872
key part of their l2 implementation, currently you can use it to stake

[Anonymous No.29210832]

>>29209516
>integrate the binance bridge
You mean copy paste the api?
They haven't done jack shit since the launch, nothing
I can make a site in 5 hours "integrate" any public API I want, make a shitty UI, make a shitty logo on paint and finaly list an ERC-20 token which is the exact copy of an already existing token
There you have it I just made rubicV2

[Anonymous No.29210907]

>>29210832
midwit take, but okay. still more than 95% of the rest of crypto

[Anonymous No.29210910]

>>29210832
Yeah sure you can faggot

[Anonymous No.29210951]

>>29195185
>>29209381
Not for swaps between Ethereum, Binance and Matic chains. The point of Rubic is to become an universal exchange that interconnects all the blockchains and uses whatever platforms and tools are available to do so. Weather it be 1nch's agregators, chainlink oracles, uniswap liquidity, Matic's L2 solution, etc..
>>29197631
From what I've read the token will be used as a transaction tax mechanism when doing crosschain swaps, so you'll pay a fee in RBC instead of ETH, or BSC when moving them across blockchains. Not to mention the developer fund to make any of this possible and staking on top of that.

[Anonymous No.29211365]

>>29210832
why do you spend your Saturday complaining about a coin with anons on the internet.
You either cant part with your last $200 because arghh GAS is soo high or maybe you hold a bag and have joined the fud club either way your a faggot. Also rubic have a primary school in Sierra Leone FUCK YOU, were gonna save african kids and make them wear Rubic uniforms nigger

[Anonymous No.29211871]

>>29204839
You should have done some research. lCX was always a scam. Month lies through is ass all the time, claiming fake partnerships. If you googled him at all you would have seen this.

>t. Work for a company that took the LCX logo off their site after Monty’s stupid schenanigans.

[Anonymous No.29212293]

>>29196140
>tfw insane

[Anonymous No.29212745]

>>29210951
>an universal
A universal. A.

[Anonymous No.29213197]

You all underestimate mobile integration as well as other wallets than metamask. Once they implement these after the l2 and cross chains the volume will puck massively