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

/biz/ - Business & Finance

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File: 141 KB, 593x675, Bigandtrue.png [View same] [iqdb] [saucenao] [google]
8143522 No.8143522 [Reply] [Original]

Pyrmex.com is the first crypto futures market ever. Why is this a good idea? Well how does leverage over 50x sound? That's right, you can 50x your bet if you are smart.

>okay im listening
Pyrmex is the futures market for what is called ethphoenix. Its found here:
>Ethphoenix.io.
Users placing bets within pyrmex.com and bet on the future eth in contract of ethphoenix.
Here's how it goes down. Once the betting closes at a set time, the pot is still "hot" for one hour until settlement occurs. In this time, people are ENCOURAGED to buy and sell ethphoenix to manipulate the market in their favor to win their bet. Last night pyrmex was updated so that lower volume mico-dolphins would be able to manipulate that market easier.

>Why is this good for ethphoenix.io token holders?
Holders of EPX will receive 10% dividends off of every transaction made on the ethphoneix smart contract; yes both buy and sell. So as people frantically buy and sell to make their bet work, holds passively take 10% of their entry and exit value. These are dividends.
Right now, with about 40 coins, I make 1.5 dollars off ever ether thats comes in and out. Last night I made money sleeping.So not only am i offering you on the the best forms of passive income out there right now, im also telling you you can now bet on it's outcome.

>If you think im full of shit
then just short the futures mate. No need to get pissed. The contracts are not linked, so money being bet is not sent in ethphoenix directly. Though many previous winners have reinvested immediately.

Look at all the bets coming in already. Get ready lads.
>pic related

>> No.8143603

>>8143522
If this can't attract the rest of the stragglers on /biz/ im not sure what can! EthPhoenix & PyrMex are a match made in heaven!

>> No.8143671

I'll take one pyrmex token please.

>> No.8143715

>>8143603

New rounds every 24 hours. Get ready for a daily futures market forever on a contract that will also run forever. Mr. bones wild ride is here

>> No.8143784

Wow, this is cool

I don't have enough to throw in but admire the initiative! Do you have a telegram?

>> No.8143808

>>8143784
nope. But your welcome to join the discord.
discord "dot" gg/AvUWYz

>> No.8144059

bump

>> No.8144094

Crypto is over

>> No.8144113

>>8144094
yep, get in. Its going to moon to the 4th dimension

>> No.8144232

>PLEASE do not consider this to be anything other than what it intends to be: an insane proof of concept turned global prisoners dilemma. It is a joke, and should be treated as such.

>> No.8144250

>>8144232
>doge coin is worthless because it was a meme

>> No.8144340
File: 40 KB, 352x367, 1472807296430.png [View same] [iqdb] [saucenao] [google]
8144340

>Well how does leverage over 50x sound?

Like a future suicide?

>> No.8144404

>>8144340
say you have 8 eth.
its only takes 5 eth to get to the ininifty bull bracket. So if you bet one eth on the big bull AND bought 5 eth of epx, found here (ethphoenix.io) you could sweep the whole lot.

>> No.8144464

>>8143522
Can you please tell me which pot you are betting on?

>> No.8144478

>>8143522
I will not put my money on a mexican exchange that is the copy of bitmex

>> No.8144526

>>8144478
I know you're trolling, but mex stands for market exchange

>> No.8144537

>>8144526
no it stands for mercantile exchange

>> No.8144556

BOGDANOF HE BOUGHT THE EPX
>continue the dump

>> No.8144616
File: 39 KB, 361x528, CAtxk49UgAA8S5K.jpg [View same] [iqdb] [saucenao] [google]
8144616

>>8144537
No, you were right the first time it stands for Mexico

>> No.8144617

>>8144556
Does Bogdanof actually trade crypto?

>> No.8144848

How much has OP made from this futures market so far? xD

>> No.8144930

>>8144848
Can't speak for OP but pyrmex has paid out almost 5 ETH already, nearly 1 ETH in the pot each day by closing time

>> No.8144956

>>8143522
>first crypto futures market ever
fake and gay

>> No.8144986

>>8144848
havent made much betting...just the first one when it was the true first test, been lerking. Ive made more in dividends tho from holding as people frantically buy and sell.

>> No.8144991
File: 14 KB, 611x512, 5847e9efcef1014c0b5e482e.png [View same] [iqdb] [saucenao] [google]
8144991

>>8144956
It is the first decentralized futures market for wallets / contracts.

Soon Pyrmex will be deployed to PoWH3D, and eventually Binance, if you wanted to bet on their balance for some reason.

>> No.8144999

>>8144930
Not gunna lie this looks kinda sus, how would I know which one to bet on anyway?

>> No.8145015

>first crypto futures exchange
Doesn’t know about bitmex, which offers significant liquidity and 100x leverage

>> No.8145027
File: 17 KB, 525x575, volatility.png [View same] [iqdb] [saucenao] [google]
8145027

>>8144986
For reference here is EPX's volatility with the OLD pyrmex contract - now, the bands are tighter and even easier to manipulate, which should translate into more players and thus more volatility

[Sells are good, long term, for dividends]

>> No.8145039

>>8144991
in other words its not the first crypto futures market. COOL

>> No.8145070

>>8144999
You don't. You only know how much ETH you have available for bets / manipulation. Manipulation is part of the game.

How do you know when to short / long? Despite every clear signal I've seen, It's still very easy to fuck futures up. That's why the leverage is so large.

>> No.8145083
File: 26 KB, 2000x1344, Ripple.png [View same] [iqdb] [saucenao] [google]
8145083

>>8145039
Yes OP phrased it incorrectly. I hereby award you one ripplecoin.

>> No.8145827

.88 eth in the pot get ready

>> No.8146227

BUMP

we three hours until bets close! Then one hour of settlements. Pot is .93 eth

>> No.8146423

>>8146227
we over 1 eth now holy shit its habbening

>> No.8146455

Holy shit you fucking fucks—is this real??

>> No.8146474

>>8146455
not only is it real, it works really well.

>> No.8146492

>>8146455
>>8146474

Easy gains against bull cucks, just bet minibear for comfy gains.

>> No.8146541

>>8146492
what if, now what if, hear me out now... everyone bet bull forever and we moon into infinity and beyond

>> No.8146626

Feeling comfy with my EPX

>> No.8146956

>>8146626
14 minutes until vig goes up 5 %

>> No.8147439

seriously though, is it a play for superbear or what?

>> No.8147476

I am thinking it's swinging to a bull at settle - just which one?

There's a lot of quiet people watching...

1.7x seems like the safe bet, but those ratios of 42:1 and 75:1?

It costs too much to sell and buy, so hard to think someone is dumping to make the bets, but that Eth that was pulled out earlier, and is just sitting on the sideline now? Are they watching right now? Big Bull coming I think!

>> No.8147477

I just don't think there's the juice to push it to minibull

>> No.8147496

The issue is that someone could surprise with a dump at the last moment too, not all last second plays have to be pumps

>> No.8147497
File: 18 KB, 725x180, 96daeecde3dca6ce502f29dbf01b329882de68d1.png [View same] [iqdb] [saucenao] [google]
8147497

>>8147439
If you look at the stats, "other holders" now make up less than 50% than "big holders" and weak hands just passed strong hands.

So my most accurate TA tells me a bag holder or two is going to dump on an alternate account, make up a huge difference, then dump the original amount from profit back in to get their own dividends and keep some 20%+

This would create volatility, and a betting frenzy, and then they could superbull tomorrow and make even more plus EVEN MORE DIVS

I CAN'T

>> No.8147515

It would suck if the whales just get richer as they always do

>> No.8147542

woah, some big bets coming in now

>> No.8147570

I guess the thing about minibull is literally anyone can do a pump to minibull, but only folks who go out in front of it and planned in advance could try to make a bear play

>> No.8147646

place ya bets faggots whos going to win it?

>> No.8147673

Ok, I have to admit this is getting interesting, it's like a car crash in slow motion

>> No.8147672
File: 179 KB, 961x653, Screen Shot 2018-03-05 at 10.29.32 PM.png [View same] [iqdb] [saucenao] [google]
8147672

>pot now at 1.3 eth
oh boy, here we got.
pic related has top three betters. Lol at the guy hedging bets

>> No.8147684

>>8147673

And it happens every day!

>> No.8147693

Woah, where are all these bets coming from?

>> No.8147702
File: 90 KB, 395x213, huge2.png [View same] [iqdb] [saucenao] [google]
8147702

>>8147672
>>8147673
I'm having palpitations you insane animals

>> No.8147703

gib eth foolish bulls

>> No.8147714

> waits around all day
> checks pyrmex
> bets in last 27 minutes

>> No.8147721

>>8147702
>1.41 ETH SINCE I POSTED

>> No.8147726

Oh shit! WTF is happening right now??

>> No.8147768

Ok, so all day nobody takes the ultra-short position, then 20 minutes before the closing it pops like a motherfucker? This Pyramid is going down in flames

>> No.8147791

Every multiplier popping right now. Shit mang, make up your minds!

>> No.8147817

>>8147791

Zerobear for mad profit boyyyyy

>> No.8147826
File: 52 KB, 425x475, abtract.png [View same] [iqdb] [saucenao] [google]
8147826

>>8147726
20 MINUTES LEFT TO PLACE BETS

LOWEST MULTIPLIER IS 2X, THE HIGHEST IS 51X

AAAAAAAAAAH

>> No.8147828

Nah man, if it hits superbull somebody's walking home with a 50x multiplier == MAD

>> No.8147860

I'm going to put 2 of divvies back in just before settlement. Minibull will win

>> No.8147866

You gotta be kidding -- if someone comes in with a 1 ETH bet again at the last minute today? Gonna throw everything!!!

>> No.8147889

>>8147826
u steal my maymes

>> No.8147907

Minibull is like a fucking religion to the people that bet it, every day they fucking bet minibull, doesn't matter that it's read half the time, they're gonna bet minibull because they're fucking true believers

>> No.8147911

>>8147866

trust in minibull

>> No.8147925

IT'S NOT GOING MINIBULL YOU RATARDS

>> No.8147926

>>8147907
Makes sense to me that it would be minibull literally every day. It should be.

>> No.8147938

>>8147925

you'll see. there are powers at play here.

>> No.8147945
File: 53 KB, 800x331, flat,800x800,075,f-c,0,75,800,331.jpg [View same] [iqdb] [saucenao] [google]
8147945

>>8143522
>>8147911
>>8147889
>>8147826

All these dumb niggers debating whether it'll be bear or bull, meanwhile you can just bet 0.1 eth on both and win e-z money from cucks.

Gg no re.

>> No.8147949

>>8147860
WHAT
>>8147860
>>8147860
>>8147860
>>8147860
>>8147860

>> No.8147952
File: 34 KB, 540x378, oold5ygcwlcy.jpg [View same] [iqdb] [saucenao] [google]
8147952

>>8147938

>> No.8147953

You're invested in a fucking pyramid scheme -- how the hell won't it go down??

>> No.8147955

In Australia you can leverage x500 on forex I'm not even fucking joking

>> No.8147974

Yeah, but you have literally NO CLUE what's going to happen. This shit is easy. These fuckers just bet bull every day like morons

>> No.8147989

There we go, shaking out the idiots finally

>> No.8147991

There are about 50 people that can go max bear all on their own now withe the narrower brackets.

Does one of them have a chunk of that .118 bet at 12:1? (would MORE than pay their fees)

>> No.8148020

The don't have the BALLS. This play is easy money.

>> No.8148037
File: 49 KB, 240x169, carlos_enthusiastic.png [View same] [iqdb] [saucenao] [google]
8148037

>>8147952
IT'S AT 2.1 ETH WITH 6 MINUTES TO GO WHAT IS HAPPENING /BIZ/

>> No.8148044

Dude I love the cowardly bitches all covering the spread now. Fucking cowards

>> No.8148060

>>8148037
Still over an hour to go till close!1!!!1!!

>> No.8148062

WOOOOO 76x multiplier on Superbull, gonna fucking rock you all

>> No.8148078

NAH MAN, IT'S ***4 MINUTES*** TO CLOSE OF BETTING!!!>>8148060

>> No.8148094

THIS is better than SLEEP! :-)

>> No.8148099

mini bull is still going to win, thanks for padding my payout. only a couple mins left to join the winners circle. fags

>> No.8148101

>2.32 ETH AHHHHHH

>> No.8148108

and bitmex????

>> No.8148118

>>8148099
pls dont do it bog

>> No.8148124

2 Minutes they'll never get their bets off without 100 gwei gas

>> No.8148128

Dubs tell me what to go all in on with max leverage. Will post screens when I wake up tomorrow.

>> No.8148136

>>8148128

MINI BULL - BOG KNOWS

>> No.8148147

30 SECONDS!!!!!!!

>> No.8148168

>>8148078
I meant till it settles. Still time to manipulate

>> No.8148198
File: 51 KB, 1235x393, PYRMEXINSANITY.png [View same] [iqdb] [saucenao] [google]
8148198

BETS ARE CLOSED

TIME TO MANIPULATE

>> No.8148244

Dude, I always hate this part. It's quiet. Fucking too quiet.

>> No.8148272

its cheap and low so all in http://funcoin.trade/

>> No.8148292

SHIT IS HITTING THE FANS WHAT IS GOING ON REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.8148318

we shall see who truly has the weakest hands

>> No.8148361

I have weak hands!! That's why I never bought into your stupid fuckign ponzi scheme, so why am I sweating balls right now??

>> No.8148368

this game is bog simulator2018 and we've all accidentally signed up as npc's in some manic eth whale's playground

>> No.8148375

Ha someone who placed a 56x bet just transferred 12 Ether into their wallet

Shits popping off anon

>> No.8148389

>>8148272
fuck off pajeet scammer nobody cares

we're trading EPX
https://ethphoenix.io/

>> No.8148387

>>8148368

We are all the Bog on this blessed day

>> No.8148424

>>8143522
Holy shit that interface looks like something from 1995.

On the other hand I highly doubt such piece of shit has any real liquidity to allure real marker traders.

>> No.8148595

>>8148424

The interface looks fine, cucklord. Do you want particle physics?

>> No.8148604

>>8148424
stfu cuck im going to get 2.7x returns for the FOURTH day in a row

>> No.8148620

>>8148424

>he's never used a bloomberg terminal

Normies are ruining biz.

>> No.8148623

Someone preps ten thousand dollars

“This won’t get attention”

> the absolute state of /biz/

>> No.8148739

>when you know something others don't
shorters are gonna get btfo so hard today

>> No.8148796

20 mins until settle. get vitalik on the line, crash evm

>> No.8148803
File: 81 KB, 1024x1024, K.jpg [View same] [iqdb] [saucenao] [google]
8148803

>>8145027
>Sells are good

>> No.8148822

>>8148803
sells are better than buys, unironically

>> No.8148832

>>8148803
>I have no idea how what I am commenting on works

>> No.8148893
File: 3 KB, 210x239, index.png [View same] [iqdb] [saucenao] [google]
8148893

>>8148803

>> No.8148929

>>8148803

t. king of the brainlets.

>> No.8148956

Holy fuck, get triggered cucks

>> No.8149062

>>8148956
stay retarded, anon.

>> No.8149085

>>8148956
you cant even faggot, hows that new domain treating ya?

>> No.8149161
File: 312 KB, 800x800, greenwoj.png [View same] [iqdb] [saucenao] [google]
8149161

minibear wins it ahahah 2.9x winnings

>> No.8149213

>>8149161

Kek it swung back to mini bear just before settlement

I lost my bet but holy shit was that fun to watch

>> No.8149288
File: 349 KB, 750x547, 1519349897279.jpg [View same] [iqdb] [saucenao] [google]
8149288

>>8148136
>>8148099
>>8148062
>>8147911
>>8147860

MINI BEAR WON

>> No.8149331

Shiiit I bet on bulls! I even bought some Phoenix tokens to manipulate.

Oh well it was damn funny though.

Gg will bet again!

>> No.8149438

Nice, had some leftover change and turned it into $50. Can't wait to do it again, any idea how long it takes to transfer winnings?

>> No.8149502

>>8149438
They should already be available for withdrawal. It took about 5 minutes to show up for me

>> No.8149815

New bets up in 14 minutes, the first 3 hours of betting got no fee to it.

The fee rises the closer to settling and in the end it's 15%.
Hoping for a even bigger pot, I gotta win some time lol.

>> No.8150577

fuck yes doubled my money last night.

what did you do last night anon? watched your stinky linkies fall another 50%?

>> No.8150873

Lol, the next pot's already at .4 ETH

JEEZ

>> No.8150901

>>8150873
already placed my bet cause they're free right now

gimme ETH you cucks

>> No.8150908

these pyramid guys have lost their mind

>> No.8150940

>>8150908
Even if my bet fails, I get money from whales manipulating the price as dividends. I get ETH for free every day.

>> No.8150977

Ok .... this might actually be fucking brilliant ... somehow you retards are proving darwin wrong

>> No.8151010

>>8150977

Somehow I think you might be right.

>> No.8151249
File: 54 KB, 480x360, hqdefault (1).jpg [View same] [iqdb] [saucenao] [google]
8151249

>>8151010
>He thinks futures are bearish.
>Pump it.

>> No.8151277

Pot is at 0.5 ETH now and the settlement is due in 21 hours, looks like this pot is gonna be huge!

>> No.8151350

Is there a free money strategy to this?

>> No.8151362

1 hour and 5 minutes left to bet for free. After that fee is 5%.
Later 10% and few hours to closing it will be 15%

>> No.8151434
File: 8 KB, 244x248, 1456699966378.jpg [View same] [iqdb] [saucenao] [google]
8151434

>>8151350
Hold EPX

>> No.8151451
File: 1.26 MB, 991x545, thisherepheonix.png [View same] [iqdb] [saucenao] [google]
8151451

The most recent changes have made manipulation so easy. Literally anyone could do it now, so now there's bigger strategy plays and some gas-war luck involved.

This shit ... The $2 million PoWH lost was all worth it for this genius shit. Guy who made this is a hero.

>> No.8151540

>>8151451
fuck the price is pumping. let me have my minibear win you cunts, my life savings are riding on this

>> No.8151573

>>8151540
Ha now that people are starting to bluff with up to 12 ETH, it's probably best to hedge with the 0% vig and then place your "real bets" as settlement gets closer.

That's what I've been doing, at least.

Protip: If you're gonna manipulate, buy in from 2 wallets so you can get your own divs if you short your EPX position and don't lose divs from a last minute pump

>> No.8151581

>>8150908
Free money every day. I chucked a spare Eth in about a month back when the price was low - so now it's just sitting there producing a few buck per day that I'm using to reinvest. It's almost like staking income kek.

>> No.8151713

scam ... don't even bother you idiots

>> No.8151723

30 minutes left to bet for free.

The fee that gets larger closer to settlement is used to keep the house bets running in the start of the rounds.

>> No.8151753

>>8151713
How is it a scam?

Several rounds have been played and people have been paid everytime.
I haven't heard of anyone saying that they didn't get paid their winnings.

>> No.8151834

>>8151713
>>8151753
Audited by tocsick and norsefire, the same guys who had to audit PoWH3D, their competition, so they didn't exit scam another $2 million dollars.

>> No.8152181

>>8151713
lmao you're actually fucking retarded

i can't even be bothered to respond to your argument with any effort. just know that this is a legitimate contract and i'm winning ETH while you're still crying scam

>> No.8152481
File: 22 KB, 1681x251, Untitled.png [View same] [iqdb] [saucenao] [google]
8152481

see you tomorrow, /biz

>> No.8152642

>>8143522
Who is pumping it back up? FKN HELL

>> No.8152661

>>8152642

0.15 on the way, more coming closer to time. We're in the future, anon

>> No.8152740

>>8152642
First 3 hours of bets are free, the hedgers are hedging

>> No.8153688

>>8152481
how much did you bet?

>> No.8153971

>>8153688

0.33 spread across 3 scenarios. 0.23 ish ended up in winning spread.