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

/biz/ - Business & Finance

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52445525 No.52445525 [Reply] [Original]

Do NOT buy GNS, it's a complete bulltrap that will reverse real fucking soon. Friendly warning.

>> No.52445534

>>52445525
Not selling my 10k stack

>> No.52445768

>>52445525
Not selling my 20k stack

>> No.52445779

yeah I sold my 77k stack earlier, the pump is over

>> No.52446021

>>52445779
U will regret

>> No.52446071

its going back to $1 before it gets close to previous ATH.

>> No.52446921

>>52446071
This.

>> No.52447110
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52447110

explain why the upcoming gtrade upgrades arent extremely bullish for gns, the stars are getting quite perfectly aligned for gns becoming top 100 coin this or next month

>> No.52447308

>>52445525
explain. Warning only with some emotionally loaded FUD isn't very convincing.

>> No.52447341

>>52446071
not a gamble I am willing to take with my +22,222 stack
I dont mind losing some value as long as its not realized.
im still getting paid for staking and arbitrum coming soon
im hoping whatever they are using to port to arbitrum makes porting to other chains quicker in the future.

>> No.52447365

>>52447110
no. GNS won't be a top 100 coin this month or next. That is absurd.
I had this typed, then checked market cap stuff
holy shit its literally a 3x away from top 100
this is unironically possible with arbitrum and beyond.
when GNS has a casino is when the kino will really start. Right in time for next bull run.
I plan on dumping when SSS APR is ~ 2% in the bull run and normies are talking about it.
then i may not even dump but will prolly just move the stack to LP staking, wait for a dump and rebuy low.
not selling a single GNS till bull run feels like its kicked in

>> No.52447399

It's on Polygon lmao. It's fine.

>> No.52447437

>>52447308
whats there to explain GNS is just a bad coin right now and you need to sell

>> No.52447838

>>52447437
> whats there to explain
> GNS is just a bad coin right now

You can start with the why.

>> No.52447904

>>52447838
I just told you why. The token is just awful

>> No.52448012

probably the worst token i've ever seen. clearly a scam, do not buy

>> No.52448124

>>52447904
It looks pretty to me so I guess we'll see eye to eye here.

>> No.52448617

>>52447399
Polygon is a pajeet network.

>> No.52448773

>>52445525
>GNS goes up
>fud thread created on biz
like clockwork

>> No.52448871

>>52445525
Completely autisticly designed. And who the fucks leverage trades anymore these days? Young adult these days know to not mess around with that stuff and to just DCA and hodl. This platform has no future imo.

>> No.52449023
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52449023

>>52448871
>Completely autisticly designed
and that’s a good thing

>> No.52449034

>>52445525
I just use it to trade, I don’t care about the token

>> No.52449222

>>52445525
Always strange to see people foming into inferior products like GMx, DYDX, GNS etc.... only because they are hyped now - when soon VEGA Protocol will open mainnet launch.
And everything build on it will have superior performance - performance like the London Stock Exchange - but decentralized.
Why?
Because the VEGA team build fuckin multiple releases of the London Stock Exchange’s core trading system and matching engine.
Beside building the the consensus layer of the Libra protocol too.
Why are so many biz guys still tech laggards, chasing inferior shit?

>> No.52449630

>>52449222
super curry checked
does your vega protocol have a working product?

>> No.52449814

>>52449630
I am from Germany - only saying and a survivor here since 2015.
You can try the alpha if you like:
https://twitter.com/vegaprotocol/status/1588530872453500928

>> No.52449914

What is a realistic target for GNS during peak bull cycle? Could it hit $50?

>> No.52451190

>>52449914
Based on pure fundamentals;
Assuming market settles for 10% APR on SSS and a 25m circ supply.

>1% of derivatives market, fair GNS price : $28 - 700m mcap
>2% of derivatives market, fair GNS price : $55 - 1.37b mcap

That's without speculation buying, just people buying a deflationary token for yield.

>> No.52451483
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52451483

GNS made a better GMX, but Tigris made a better GNS.

tigris.trade - already super fast, super cheap, with instant executions on arbitrum.

trading contest live right now, try it out