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/biz/ - Business & Finance

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57810885 No.57810885 [Reply] [Original]

>when the smartcontract protocol actually buys back dumps

He, nothing personel

>> No.57810888

>>57810885
I need a lower entry.

>> No.57810933

>>57810885
How does this shit work? I watched the chaos engine buy the dip like 4 times now, and i tried reading through the threads but im just too stupid to understand.
Wouldn't it need money to buy the dips? Where does that come from?

>> No.57810965
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57810965

>>57810933
See it like this: the smartcontract has a pricemodel that it follows, and this internal price is steadily going up. Whenever we are way above the price, the smartcontract actually sells circle to get liquidity as weth, which is then together with fees from trading being used to prop up the price to that internal price whenever there is a big dip

Imagine a trader wanting the price of an apple steadily go up, taking profits whenever he can, and making sure the price never falls below his profitability

This is byfar the most interesting basechain memecoin sofar

>> No.57811517

>>57810965
Ah I see, I guess a problem for it would be a big selloff that forces a large purchase and then drains those "reserve" funds since they'll be used buying up the whole dip?

And if there are no more buys the reserve won't fill up.

But I guess there will always be some volume, so as long as there are some people buying, the cycle continues. Therefore the name Circle. Wow, is this predestined for a top 50 coin?

>> No.57811548
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57811548

>>57810965
uhh no, it works like this...
>holy shit dev is so smart this shit's gonna moon I have to shill wtf it just keeps going this protocol is amazing it will never stop going up omg wtf the coinbase guy just retweeted is he the dev bro wagmi this is it this is the big one every day I wake up and my bag just keeps growing I have to keep shilling and letting everyone know about this project time to soft-shill on biz I can't believe they're all missing on this once-in-a-lifetime opportunity omg I...

>> No.57811563
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57811563

and then it goes...
>ffs some hacker just exploited the protocol, ok that dip was pretty bad but if we just keep holding it'll be ok, hmm the holder count isn't going up anymore but I just bought more at the top I can't sell already I'll just see if it recovers I trust the dev he seems cool, omg wtf I just woke up what happened I...

>> No.57811640

>>57811563
Kek. Nocirclers are becoming more and more deranged.

>> No.57811657

>>57810885
Do Kwon is back again?

>> No.57811868

>>57811563
yeah that somewhat how it's likely to end, just sell before that