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

/biz/ - Business & Finance

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File: 122 KB, 4000x4000, Premia PFP.png [View same] [iqdb] [saucenao] [google]
53573612 No.53573612 [Reply] [Original]

$2 waiting room.

>> No.53573827
File: 7 KB, 620x114, lmao.png [View same] [iqdb] [saucenao] [google]
53573827

lmfao
scam. devs have 90% of the supply and will dump on your head. pic related

>> No.53573852

a coin for those who want to underperform vs dopex while exposing to 10x more risk kek

>> No.53574017

>>53573827
>>53573852
Really weak fud, stay poor.

>> No.53574037

>>53573612
what is so good about premia?

>> No.53574046

>>53574017
It's a fact that 90% of the supply is not circulating. The tokenomics are fucking pozzed. I wouldnt touch this shit with a 10 foot pole.

>> No.53574115

>>53574037
It's the best options platform and it's only going to get better with the upcoming protocol upgrade.

>>53574046
It is a fact that 70% of those tokens serve no purpose and are not scheduled to ever enter circulation. It is a fact that they are subject to be burned and there are ongoing discussions about it. Do you want to buy now before the burn, when the retarded uncirculating supply fud is out in full force, or after the burn?

>> No.53574189

Much rather accumulate something like $vela or even dydx

>> No.53574289

>>53574115
After.....

>> No.53574561

>>53574289
Oh okay, well then be prepared to buy at several multiples higher.

>> No.53575736

what does the coin do

>> No.53575773

>>53575736
you can stake it to get platform feefees

>> No.53575911
File: 46 KB, 778x470, yield.jpg [View same] [iqdb] [saucenao] [google]
53575911

>>53575736
>>53575773
You can also use your tokens to vote in the upcoming proposals to burn more tokens, making your existing tokens more valuable.

Or you can just deposit your money into the option pools and earn a good and stable yield. You can increase your yield in a given pool by voting for it with your staked Premia.

So yeah, it has a lot of valuable utility.

>> No.53577166

Looks like $2 is coming sooner than I expected.

>> No.53577195
File: 97 KB, 1267x785, 1662348895535142.png [View same] [iqdb] [saucenao] [google]
53577195

Ok this jeet tier shilling convinced me to sell.
Got 50 bucks out of it i guess

>> No.53577210

>>53573612
I hope they resolve the FDV issue

>> No.53577356

>>53577195
>50 bucks
This is why you're poor and why you will remain poor.

>> No.53578128

>>53577195
Get the fuck out of my board poorfag

>> No.53578174
File: 92 KB, 1170x318, 74728113-E8F6-4723-80DB-4CB5E96A17E7.jpg [View same] [iqdb] [saucenao] [google]
53578174

>>53574017
cope seethe and dont forget to dilate

>> No.53578279

>>53578174
Remember this thread in six months sanjeet, and you will regret not investing the $5 that vela paid you to shill their curry shit stained GMX fork on Premia.

>> No.53578338

>>53574115
how is it the best one?

what about DPX?

>> No.53578611

>>53578338
Dopex is the worst one, not just compared to Premia but literally every other DeFi options exchange. If you're going to ask "why" then you have a lot of reasearch into the options space to do.

>> No.53579399
File: 41 KB, 512x564, 1675478925102647.jpg [View same] [iqdb] [saucenao] [google]
53579399

>>53573612
Dude I remember your add in the Vela threads back in December times. LOL. Thank god I never fell for the "muh options" narrative.

Crypto ppl are too stupid to even understand perps but you think the narrative is ready to switch to complex shit like options onchain?

Meanwhile Premia was like $75-80 cents back then.

KEK. Vela did an 8x since then. While you made your shitty 96% APR or whatever dumb yield profits you made while Vela chads literally made fortunes.

You fucked up bro. You are too smart for your own good. You should understand a fundamental thing about the crypto world:

Crypto = Tech + Finance + Sales

Like a bunch of the high IQ club you fail to take into account and even shun that last part the "sales" aspect. Premia while not being a scam, while having better tech and code will 100% underperform based simply on the fact that Vela can sell themselves to the degens and whales that control liquidity and thus profits.

It's not too late to turn the boat bud, maybe not with Vela but with other shitcoins. Premia isn't it.

>> No.53580959 [DELETED] 

>>53579399
I appreciate your off-handed compliments but none of this matters. When, not if, Premia takes off, it will be an LEND/AAVE kind of pump, the pure and organic 100x within a few months with no pull back kind of pump. I'm happy for you and your profits but once you reach a certain net worth you stop chasing shitcoin pumps and you focus on the real fundamental bets. Options are the most trated derivative in traditional markets, there is no reason why this won't be the case with crypto.
What you might not be aware of is that the largest centralised exchanges are building up their own options exchanges. Binance is doing it, Bitfinex is doing it, FTX were doing it before they collapsed. Options are coming to crypto sooner than you think, and the best DeFi options protocol is sitting at a $10M marketcap. I am comfortable holding this for the next four years knowing that it's an inevitable 100x. It's inevitable. You only get this kind of opporunity once every few years, so when it comes you would be wise not to dismiss it.

>> No.53580981

>>53579399
I appreciate your off-handed compliments but none of this matters. When, not if, Premia takes off, it will be a LEND/AAVE kind of pump, the pure and organic 100x within a few months with no pull back kind of pump. I'm happy for you and your profits but once you reach a certain net worth you stop chasing shitcoin pumps and you focus on the real fundamental bets. Options are the most traded derivative in traditional markets, there is no reason why this won't be the case with crypto.
What you might not be aware of is that the largest centralised exchanges are building up their own options exchanges. Binance is doing it, Bitfinex is doing it, FTX were doing it before they collapsed. Options are coming to crypto sooner than you think, and the best DeFi options protocol is sitting at a $10M marketcap. I am comfortable holding this for the next four years knowing that it's an inevitable 100x. It's inevitable. You only get this kind of opporunity once every few years, so when it comes you would be wise not to dismiss it.

>> No.53580990

bumping for my love

>> No.53581326

>>53580981
>Binance is doing it, Bitfinex is doing it, FTX were doing it before they collapsed

Okay assuming this is true, why would this be bullish for Premia specifically? Why would ppl choose to trust Premia with options rather than a centralized exchange with a lot of liquidity, backing and options?

>I am comfortable holding this for the next four years knowing that it's an inevitable
Unfortunately I do not share your luxury. I am not wealthy enough to sit on a single crypto much less a microcap coin for 4 years. I need to churn profits and acquire a decent nest egg before the next bull run. I do understand the position you are taking though if your bankroll is deep enough a play like this seems logically high reward low risk.

Anyways good luck anon and I will keep track of Premia.

>> No.53581564
File: 394 KB, 494x674, 1672966373760938.png [View same] [iqdb] [saucenao] [google]
53581564

>>53581326
>Okay assuming this is true
It's true. FTX options were in beta and I personally traded them, Binance options have been live for a while but they are still in development, and the Bitfinex options market is in development. If you have been around since 2017 and before you will know that Bitfinex rules, and that is still to this day where the majority of oldfag whales reside. Bitfinex working on an options exchange means that there is latent demand for options, and that makes sense given that, like I said, options are the most traded form of derivatives in traditional markets.
To say that options are "too complicated" for crypto retards makes no sense given that reddit wsb type brainlets trade options almost exlusively. The demand is there.

>why would this be bullish for Premia specifically? Why would ppl choose to trust Premia with options rather than a centralized exchange with a lot of liquidity, backing and options?
Why uniswap specifically? Why would people choose to trust uniswap with their trades rather than a centralised exchange with...
Why would people choose to trust GMX rather than FTX...
Why would people trust Bitcoin rather than Lehman...
Hopefully the point that I am making is clear.

>I am not wealthy enough to sit on a single crypto much less a microcap coin for 4 years
You don't have to be . It's low enough of a marketcap for you to accumulate a decently sized position with not a lot of money.
A suicide stack is only 1000 = $1k

>> No.53581757

How does this shit even work?
Whats up with these weird pools, why can't I just buy a fucking contract

>> No.53582162

>>53581757
Figure it out, it's not complicated

>> No.53582347
File: 90 KB, 1170x317, 87D4F341-4D6F-4807-8CD2-A3695057262D.jpg [View same] [iqdb] [saucenao] [google]
53582347

>>53582162
and thats why options will never take off as much as perps, they’re too complicated for average retail brainlet. all they want is to press green or red

>> No.53582432

>>53582347
I guess if you're more retarded than the average redditor wall street bets subhuman then you don't deserve to make it. Sorry.

>> No.53582466

>>53582432
wsb redditors learned options to feel like part of a community which is a stronger drive for them than making money