Can someone explain to me why RSR will appreciate significantly? I'm a brainlet and also just started reading about the protocol.
It seems like it should only appreciate if the underlying collateral appreciates. (And conversely be diluted if the collateral depreciates). But if this is the case, why not just hold the underlying collateral? Why hold rsr at all?
I see there are transaction fees that can benefit rsr holders. Is this the edge that holding this coin has over simply buying the collection of assets that make up the collateral pool?
Also, this fee itself seems like it might not be a great idea. Wouldn’t it slow adoption? Why would someone choose to hold a stable coin that has 0% interest (unlike, say, a DSR Dai contract) and in fact has a fee to use?
>WHY SHOULD I HOLD RSR you shouldn't. It's that simple
Sebastian Campbell
cause we hodl until it pumps 100x and release
Aiden Johnson
Kek I'm aware of what I've done here.
Nevertheless, I do think stablecoins have the potential to affect international currency markets at some point down the line, so I find it interesting to talk about this stuff.
not many people are holding RSR to convert it to RSV (end of Q3 release, more like end of year imo). most of them just want a quick buck, which RSR isn't about. it's not gonna moon or pump hard, it'll gradually build in value until the day of the RSV release.
I bought at 32 though and will hodl for life.
Nathaniel Flores
Because you want to make it? Because you want a 100x?
Brody Sullivan
How's BAT going for you?
Christian Lee
I can't speak to the underlying fundamentals, but it's going to have a bitching marketing campaign and it's currently at it's ground floor for pricing. No one is going to dump lower than the IEO. Next weak Huobi is having a trading compeition, so volume and exposure will go up. It's an asymmetric bet.
Blake Collins
any idea if it's going to be listed on other exchanges?
Nolan Jenkins
no it's a shit bet. i have never seen a competition with greedier prices. like every shitcoin on Binance is giving away 100BTC and RSR awards 1000 USD per day for 7 days??? TOPKEK.
what a shitcoin
Michael Ramirez
you don't know what an asymmetric bet is, do you?
Benjamin Scott
well it is asymmetric in the sense that there is only downside sure. it's dumping right now
Jaxon Wilson
are you saying rsr will reach 450 million$ maarket cap?
Levi Sullivan
yeah, it's clear you don't what an asymmetric bet is and you don't what a dump look likes. THE ABSOLUTE STATE OF RSR FUDDERS
Kevin Kelly
>asymmetric bet it's just yet another shitcoin that will make poorfags even poorer. Never change biz
Jack Morris
i currently have 8 btc in rasr and i'm confident that those will turn into 20 btc within the next 2 weeks. then there's 98% of /biz that wonders how people make money in this market and call you larp if you say you have 400k$ in crypto. shitcoin pumps like those are the easiest money i've ever made. try to use your brain for a second here: all of /biz is hating on this coin right now and crying about having sold at a loss. guess what happens next? to me this seems too easy to be true yet most of /biz is literally too retarded to figure this shit out by themselves. thank you everyone
this cone is dead on arrival. everyone hates it already and all of twitter thinks it was a scam. good luck
Cooper Harris
yes and that's exactly what i'm talking about, try to take a step back and get a more objective standpoint on this. don't you notice a pattern? or do you think your opinion that this shitcoin is dead was innovative and the masses have yet to realise that this coin is garbage and won't pump? i've been buying the most hated and most fudded coins for years, always when it looked the worst for them and all the dumb retail money sold. this is like cheating in real life, there have been 4 weeks already this year that i made a yearly wagecuck wage in a week, on shitcoins
Cooper Green
Okay, so from this thread, I've gathered people will buy RSR because of FOMO.
If the system is undercollateralized, then RSR is printed and sold to compensate. But FOMO aside, if there's no inherent incentive to buy RSR (assuming the transaction fee is set to its default of 0), how will RSR dilution not cause a feedback loop panic selloff, leaving RSV undercollateralized and endangering the peg?
Grayson Carter
You got lucky one time with a pnd and now you think you're smart and every fudded shitcoin taht dumped hard would have a huge pump eventually. Don't get too excited user. The fact that you're "confident" with RSR doesn't mean shit
Thomas Ortiz
you're thinking about this way too hard how new are you?
Nicholas Evans
whenever RSV price rises due to demand through usage, they sell RSV worth the current price to RSR holders for $1 worth of RSR. that way RSR holders will be able to arbitrage for a profit while the RSV price goes back to $1
Asher Moore
it means a lot cause i've never lost when i was confident. this is too easy.. it worked with iota in 2017 and with 20 other shitcoins since then. and it will work this time
Levi Fisher
enjoy those VC bags
Oliver Moore
fuck off with that, those won't be vested until 2020, the actual currently circulating supply is about 3.5 billion which is what most people don't know
Lucas Butler
what a loser
Nolan Thompson
all of you bagholders should sell to me, especially with Huobi giving an incentive for trading RSR
Carter Stewart
>i've been buying the most hated and most fudded coins for years, always when it looked the worst for them and all the dumb retail money sold. this is like cheating in real life it's beautiful isn't it right when it looks like it's over and they give up and sell at a loss to you for steep discounts hahahahahahahah
I got the same shit for scooping up a shitton of linkpool shares early that was my best investment thus far
Jeremiah Clark
guys shh. these neets are the very neets we buy our bags off when we hit the top.
Joseph Cox
This piece of shit currently has 300mil mcap.
We're going down to 5 sats.
Lincoln Ross
I don't mind if they know, the more know the better, it'll be a better market if retail people don't get burned besides, most of my trading gains are made on margin where I limit exposure by setting stop limits and take profit boundaries primexbt.com?signup=94204
crypto newfag here, can you give me some breadcrumbs on where to start? I get the general idea, buy low on coins that will get spotlight again in the future after everyone gets shat on, but it can't really be that easy, can it?
Mostly what I want to know, how do YOU determine which coins will be the next pumps before they actually do?
then forget all of that cus all that really matters unfortunately is:
bots market manipulators whales
Brandon Taylor
I know you soys get upset with ref links and that you think leveraged trading is SPOOKY and only for degenerate gamblers good luck chasing PnDs on asian hustling exchanges where they dump their bags on you I only bought into RSR because it is a legit project, hence I set aside 10% of my stack in this asset I hold 75% of all my crypto in some combination of btc/eth and would highly recommend others do the same primeXBT is good because you can take positions on commodities and indices to weather the storm in the case of crypto bear seasons also can make money when it's crashing by taking short positions >t. long on ETH severely undervalued now
I see and understand. That being the case all you can do is get a coin you think bots and whales will pump next.
If I were a whale which coins would I pump and dump?
Charles Rogers
What's the max leverage you're comfortable with? 50X+ seems like you're begging to get hit by a scam wick
Charles Butler
unless you've got the millions of dollars to splash on virtual currency that they do you'll never really know or be invited to their groups. it's inclusive and corrupt as fuck, and most higher up whales and manipulators would be tight with CZ as well (him and his exchange being the biggest manipulators of all). you can pay to join the premium telegram dump groups and they honestly aren't that bad if you find a good one, most will even tell you when to sell (sell below this number or you'll get stuck at the top).
any Binance IEO will likely pump 10-15x at least, but generally only once and within just a few weeks of release. If you wait too long or think there's a second pump on the way chances are you'll get JUSTed.
Lucas Bell
I use prime xbt too and I think people that see it as degenerate gambling should know that, like poker, with experience you can win more than you lose and that is all that is required to be profitable.
Nicholas Wilson
5x is what I usually go, x10 if I have a very good reason I use simple enough indicators to help, but also use factors like what I posted here to help guide my decision it's a combination of fundamental analysis with some technical analysis (meme lines) I really like prime xbt here, plus their referral structure is the best out there
here's an example of the trading window and indicators I use on their platform
This is good info thank you anons for helping a newfag
Connor Reyes
i hope you are right, i need a make it or break it
Mason Carter
I calculated aprox 7 billion,saw somewhere that the tokens released would be 6.85% of total supply
Kayden Morgan
And mcap wise, between 8million and 40million
if this goes bat, in 2 months it will go at least to 400 mil, buy it, forget it and come back in 2 months
Austin Butler
BAT is still up 2x from when peter thiel bought it though not much, but still good for a 2 year investment
Juan Sanchez
Very unlikely, the ICO was 10 million USD total.
At current price and estimated tokens avaible for trade it`s impossible it surpasses even 50 million mcap
Cooper Walker
glad it was insightful one last tip always always always put in not only stop losses but also have take profit setpoints don't get greedy and wait to close out a position if you already have good profit, take the profits and find another entry point as long as you are net positive you will be increasing your btc stack, which is the goal anyways due to pic related
there's 6.1 billion unlocked tokens right now, but almost 3 billion of them are held by the team, and they surely don't sell them a few days after they got a shitton of money from the IEO. so there's about 3.3 billion in circulation right now, assuming the team hasn't sold their tokens yet.
