/biz/ - Business & Finance

[Anonymous No.49953277]

Harmony chuds

Are you slurping bridged tokens at discount prices in hopes they repeg or is it donezo aka over aka rip

Goddamit I should have bought turk chain or tranny chain instead

[Anonymous No.49953469]

It's over

[Anonymous No.49953967]

>>49953277
Long time /h1g/ here...
itsover.jpg
I don't even they they have 100m in actual ONE, let along 100m liquid assets like eth and stables to cover the short fall. The ecosystem was the whole selling point, and it's in shambles now.

[Anonymous No.49953992]

>>49953967
*think they have
(they being the Harmony team)

[Anonymous No.49954031]

>>49953967
>>49953992
I agree it's likely over this is a death blow. The only reason ONE's price is somewhat holding up is becuase everyone is selling their bridged assets into any native coin on chain.

Debating whether I should even bother unstaking because in 7 days when everyone's one unstakes the price is going to fucking plummet through the floor.

[Anonymous No.49954103]

>>49953277
>slurping bridged tokens at discount prices in hopes they repeg
No I slurped them because the cultists are hoping for a repeg and they're delusional enough to push the price back down for me in the short term.

[Anonymous No.49954194]

>>49953277
insider here
they had the bridge private keys stored in plain text in a "secure terminal" which was just a random qubes behind their firewall
the team is scared shitless because the funding was already getting dry
they didnt cashout that much during the bull run and spent a good chunk partying and networking

they are trying to get a bailout (right now in talks with binance, ftx and paradigm) but it looks like there is no interest from their part

[Anonymous No.49954195]

>Harmoney gONE

>Harmoney nONE

>Harmoney dONE

>Harmoney ZEROOOOOOOOO

[Anonymous No.49954236]

>>49954103
WONE/1USDC is already back down 42% from the top this morning.

[Anonymous No.49954788]

>>49954194
I believe it

[Scatanon !zMXDzawSlk No.49954843]

>>49953277
Binance will bail them out just like they did with Axie. Binance makes money on liquidity, and they still hold something like 500m ONE tokens. It would be in their best interest to do so.

https://www.wired.com/story/can-binance-save-crypto-the-ceo-is-thinking-about-it/

https://www.binance.com/en/blog/from-cz/a-note-on-bailouts-and-crypto-leverage-421499824684904048

CZ has unironically got them.

[Anonymous No.49954850]

>>49954236
God why the fuck did I not get out when they dumped their wallet with no warning and no reason.

Fuck this chink coin scamchain I fucking hate Chinks

[Anonymous No.49955327]

>CZ has unironically got them.

[Bear fucker. No.49955362]

>>49953277
>>49953469
>>49953967
>>49954031
>>49954194
>>49954195
>>49954236
>>49954236
>>49954850
>>49955327
Harmony is about to pump fucking hard. Get in while you can. Check the volume.

[Anonymous No.49955399]

>>49953277
Why not buy the chain that has literally over 250 engineers and cryptographers working full time on it to make sure the architecture is robust? It's also the only chain with a literal search engine built on top of it

[Anonymous No.49955466]

>>49955362
It does look like it's about to move big one way or the other. 1USDC is refusing to dump any further as well.

[Bear fucker. No.49955484]

>>49955466
The price is moving up. The very least it means bottom is in.

[Anonymous No.49955522]

>>49955484
>>49955362
The bottom isn’t it in retard

All native harmony coins are pumping because everyone is scrambling to sell bridged tokens. That’s the only reason harmony isn’t stable right now. In 6 days when peoples delegations unfreeze you will see the biggest dump you’ve ever seen

[Bear fucker. No.49955546]

>>49955522
Alright. All I know is anyone who ever acts like you on biz is a clear buy signal. I've only lost money listening to angry replies.

[Anonymous No.49955613]

>>49955546
Go ahead and buy you dumb bitch. Check in next week and let us know how that went

[Anonymous No.49955633]

>>49955613
Get as mad as you want but I just covered my shorts and went long just in case.

[Anonymous No.49955636]

Weren't they able to freeze most of the assets?

[Anonymous No.49955697]

>>49955546
FUCK YES NIGGER I wasn't even watching the daily volume thank you

[Bear fucker. No.49955729]

>>49955697
Np. Biz has lots of fucking whales that come to fud here. They are always way over the top angry about the direction you claim it will move.

[Anonymous No.49955821]

>>49955522
I will short then

[Bear fucker. No.49955866]

>>49955697
Oh and would you look at that. One just moved onto the hot category on binance. I've not seen it there in well over a year. How odd.

[Anonymous No.49955867]

>>49955729
I knew something was up when it didn't immediately go sub 1 cent on the news. Maybe it dumps more in 6 days but in the meantime a lot of cocky bears are getting trapped and maybe even liquidated.

[Bear fucker. No.49955897]

>>49955867
The whole crypto market is over sold. Its over sorted with way to much leverage. Bears are desperate right now. We are in a short squeeze right now.

[Bear fucker. No.49955924]

>>49955897
Shorted. Fucking being a phone poster faggot with autocorrect pisses me off.

[Anonymous No.49955989]

We need some revive some of that autism to figure out how much is being undelegated right now.
That will really tell us where the price is going.
The block explorer is such a piece of shit but anyone know how we can track people undelegating their ONE?
If it's a lot of one then this is a good opportunity to short now for the dump next Thurs. But I want to confirm that there's a big wave of undelegations.

[Bear fucker. No.49956042]

>>49955989
Just open a short. Do it. Crypto obviously is going yo fall another 99% kek.

[Anonymous No.49956093]

>>49955989
>good opportunity to short now for the dump next Thurs
The top of this scam pump we're about to get is the time to short but you do you.

[Bear fucker. No.49956113]

>>49956093
Which is going to be in about 5 days.

[Anonymous No.49956203]

>>49956093
I agree, I just want to confirm that there's a signifigant amount of ONE being undelegated now.
Getting the top of this scam pump shorted before what I presume to be the undelegation wave could be a great trade.
I just want to confirm the chain is actually showing it.
Anyone have any ideas on how to check?

[Anonymous No.49956246]

How the fuck did 1USDC just repeg though?
Does someone know something?

[Anonymous No.49956262]

>>49956203

[Anonymous No.49956285]

>>49956246
It hasn't. WONE is currently priced at $0.075 1USDC. It's coming back down because people are buying in anticipation of a bailout.

[Anonymous No.49956345]

>>49956262
Does that update after the 7 days worth of epochs have passed, or does it count undelegations right away?
>>49956285
Looks like it repgged on sushi at least https://dexscreener.com/harmony/0xbf255d8c30dbab84ea42110ea7dc870f01c0013a

[Bear fucker. No.49956348]

>>49956262
Oh look after a 95% drop in price no one is scared of the price dropping a bit more. Shocking.

[Anonymous No.49956557]

>>49956345
>>49956348
>>49956262
It isn't reflected yet because they are in the process of undelegation. It takes 7 epochs until it is considered 'undelegated'

[Anonymous No.49956630]

>>49956557
Good to know. The other signal to watch out for is the team's announcement about plans for repegging all the bridged assets. If they don't have a solid plan it's going to dump hard immediately.

[Anonymous No.49956785]

>>49956630
>Plan

They need money which they don't have to repeg and that's the bottom line. Yeah who knows Binance might bail them out just because Binance is the largest ONE bag holder.

Don't really know what other option they have besides begging for a bail out.

[Anonymous No.49956884]

>>49956345
>Looks like it repgged on sushi at least https://dexscreener.com/harmony/0xbf255d8c30dbab84ea42110ea7dc870f01c0013a
Yeah I was wrong about this, it's just dexscreener grabbing the USD price from cexes. It's actually 0.07 1USDC, so still depegged but not too crazy yet.

[Anonymous No.49957520]

So I'm combing through undelegations right now.
Here's one whale that looks to be undelegating a ton but their one is spread out over a shit ton of validators so it's a lot of smaller undelegations that really add up.
https://explorer.harmony.one/address/one16j4ul6jfnll4tqjzctj03v4yl4phy8veqef0sa
Going to try find more evidence of whales doing tihs.

[Anonymous No.49957742]

>>49953967
>The ecosystem was the whole selling point
lol no? The ecosystem was always shit and full of scamprojects, the selling point was the cheap transaction fees and lightning fast network. These are still there and they're about to make it even faster by enabling the other shards, hell they can even dedicate a single shard only for gaming now.

[Anonymous No.49957961]

>>49957742
The cheap fees enabled the ecosystem. People would just use eth, but can't for obvious reasons.
The ecosystem is what people actually use it for.

[Scatanon !zMXDzawSlk No.49958058]

>>49957742
>>49957961
I just want to say that regardless of all this happening, I got spoiled by ONE's speed and transaction fees that when I had to convert to ERC-20, when my transaction took longer than a minute I started to wonder if something was wrong. It honestly should fucking be more noticed and it's infuriating like i'm taking crazy pills why it isn't.

[Anonymous No.49958089]

>>49957961
If it were people would be using Fuzz

[Anonymous No.49958336]

>>49958058
Yeah I really enjoyed using it. Mostly because I knew how to find working RPCs.
When the RPCs worked it was the most comfy chain to use for sure.
Wish they would have sorted that RPC shit out in November. Would have hit $1 I think.

[Anonymous No.49958518]

lmao
Harmony might be pumping due to fake news/people misunderstanding a tweet(and of course just the overall market doing well today):
https://twitter.com/aag_ventures/status/1540213678380924928
https://coingape.com/breaking-company-that-lost-84m-in-the-harmony-hack-recovers-funds/