RSR General

the comfiest hold ever

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Backed by Peter Thiel and Coinbase, how do you FUD that, a definite moon for fucking sure

It’s a genuine question. I’m all in Chainlink basically and wanna buy some RSR soon.

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Can anyone explain on what planet this will moon in a reasonable time frame
>inb4 teH WhITePaPer SAiD sO
The whitepaper says "if" it gets to $10 (which i also believe was a hypothetical number, could be $10, could be $1 could be $.001 there was no promise), they will print more to demand but how does this demand occur.
62.6% of the supply is accounted for in this reserve.org/blog/initial-circulating-supply-of-rsr
Which means when the rest unlocks there will be a dump of 32.4% (5 times circulating supply now approx), which means the market cap would need to go 5x before you even see a profit from now, to get to $10 you'd need 3333x5~15000x market cap which gives a market cap of around $165b.

Seems like $10 is very very far into the future and the opportunity cost would make this not worth holding yet. Surely wait until the first dump.

This is not FUD, I want to know why I should hodl now over picking up when the initial investor supply unlocks. Will it 5x before then?

you're playing yourself. there are boots on the ground in venezuela and argentina right fuckin' now, once the app launches the rip is going to be ridiculous unless it totally fails (always a possibility with any crypto). waiting for the dip for a project with a market cap under 12 million, good luck to you

Explain to me then, I want to believe, I think this is good long-term but with limited funds I have a big opportunity cost to hodl. Once launched there there will be demand for RSV but how will RSR demand increase that much? Didn't they say initially RSV is backed by assets so should theoretically not fluctuate much?

I know its not fud
Good question, ill say a few things and maybe some other anons can fill in some blanks that i forget
The majority of the coins that you are referring to are held in the slow wallet. First, these cannot be dumped without a 1 month warning to the community with a explanation. Second, these arent held by any one person in particular, they are used to fund things the company may need while it is getting off the ground. The team and investors have their own bag of RSR that is not the slow wallet. Their coins are also locked for a duration (until mainnet). Circulating supply will not jump up drastically. Third, the plan is not to use all of these coins held in the slow wallet, some will be used within the protocol after the team has no control of it anymore when it is fully decentralized.
The team has said numerous times in the telegram that there will be much more burning then there is printing... ever. The team conservatively estimates 2-5% RSR burn per year so one can assume minting would be less than 1% a year.
You also have to realize the goal of what they are trying to do. They are trying to be a reserve country for numerous countries. Semi poor countries like Venezuela have GDPs in the TRILLIONS. If they get just 5% adoption in 3-4 countries only, that 100B RSR is minuscule, not even including burning and the fact the the majority of those coins will not be circulating.
The white paper does give and example of $10, and yes maybe that is never achieved. Maybe we only do $0.10 or $1 like you mentioned. But also, maybe we do $100 or $1000. Unlikely but possible if this gets adopted. Imagine 20 countries using RSR at just 5% adoption. Again we are into the tens or hundreds of TRILLIONS.
I dont think that $10 was a pipe dream.they could have picked any number. They could have said “if RSR is $1,000,000 per coin” but they didnt because that is very unrealistic. But apparently $10 is not.
Lastly nobody knows when this will moon...

Maybe another alt coin or BTC will go higher in the meantime. But something to consider,
The app comes out by the end of September (testnet in Venezuela)
All circulating supply has been distributed to all backers and investors as of today
RSR will back RSV early in 2020
We are going into a recession and lots of countries are bordering on hyper inflation
RSV will be decentralized and backed on a basket of assets (not just pegged to the USD) there is currently no other coin like this.
Lastly, Sam Altman, Peter Thiel, Coinbase, Paypal founder Jack Selby, Digital Currency Group (Coindesk), and more are all investors.
Thats enough for me to hodl
You pick what's best for you

>First, these cannot be dumped without a 1 month warning to the community

The absolute state of RSR bagholders, these coins can be dumped whenever they want, there is no algo stopping that to happen.

They just need to make a transaction, retard.

>tHeRe iS nO aLgo

etherscan.io/address/0x4903dc97816f99410e8dfff51149fa4c3cdad1b8#code

The entire thing is algorithmic retard

I accounted for the slow wallet, there is 6.85% circ supply now, and 55.75% in the slow wallet which leaves 32.4% locked in initial investor, devs etc wallets locked. Thanks for your response, is the 2-5% burn in the whitepaper? Did I miss that? If not is there a link for that?

>Maybe another alt coin or BTC will go higher in the meantime. But something to consider,
>The app comes out by the end of September (testnet in Venezuela)
>All circulating supply has been distributed to all backers and investors as of today
>RSR will back RSV early in 2020
>We are going into a recession and lots of countries are bordering on hyper inflation
>RSV will be decentralized and backed on a basket of assets (not just pegged to the USD) there is currently no other coin like this.
>Lastly, Sam Altman, Peter Thiel, Coinbase, Paypal founder Jack Selby, Digital Currency Group (Coindesk), and more are all investors.
>Thats enough for me to hodl
>You pick what's best for you
this

I believe its on the website in one of their blog posts
Are you apart of the telegram group?
Nevin and employees mention it all the time in there
Circulating supply/total supply is always a hot topic / stumbling block for nee investors that are interested

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hackernoon.com/a-comprehensive-guide-to-decentralized-stablecoins-22f66553c807

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read the whitepapers and it will all make sense but ill give you a quick rundown. until mainnet rsr will be just a token with no use (other than trading) regardless of the app or rsv. so the price will be strictly speculative. however, once they integrate rsr with the reserve protocol it will open up the floodgates for arbitrage opportunities in order to help keep rsv pegged at 1:1 with dollar. so the reason people are speculating on the app and the adoption of rsv is because that will signal the future use-case for rsr arbitrage. it's entirely possible that the price of rsr stays stagnant for a while even after the app launch because people want to see results. people want to see rsv being used and widely adopted before they throw more money at it, but there will also be a lot of shilling and this will create a lot of fomo pre-mainnet once the app is out there in the real world doing its thing and being used by normies. do with this information what you will. ill be adding to my bag slowly until im happy. my personal goal is 1m but it should only take 500k to make it.

Don’t buy this thinking it’s going to go to $10 any time soon (or ever), because it’s not. You’ll only end up getting pissed and sell the second it’s down. Buy it for the long hodl because it has solid potential and isn’t trying to be more than a form of currency like a lot of these gimmicky alts.

>unfuddable
More like unpumpable. Price is literally stable, pegged at 26 satoshis.

Patience
Token is only 3 months old
We are still pre testnet

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My near term price is around .015 at around ~$100m market cap. 5.5x. Thats gonna be the first fomo after marketing launches in late 2019 early 2020.

After RSV reaches a billion (the true breakthrough), it will hit the mainstream crypto press and get noticed by companies and investors. RSV will pass tether and after that RSR will get to a 1b cap. Or around $0.15. Early adopters will have made a pile of cash, and it will slowly increase toward a $1.00 over the next couple of years.

Reserves rise will be meteoric for a number of reasons, but mainly because tether will hit major legal trouble, DAI will encounter massive scaling issues and Libra will never get past the inevitable Democrat controlled 2020 government.

>My near term price is around .015 at around ~$100m market cap. 5.5x. Thats gonna be the first fomo after marketing launches in late 2019 early 2020.
>After RSV reaches a billion (the true breakthrough), it will hit the mainstream crypto press and get noticed by companies and investors. RSV will pass tether and after that RSR will get to a 1b cap. Or around $0.15. Early adopters will have made a pile of cash, and it will slowly increase toward a $1.00 over the next couple of years.
>Reserves rise will be meteoric for a number of reasons, but mainly because tether will hit major legal trouble, DAI will encounter massive scaling issues and Libra will never get past the inevitable Democrat controlled 2020 government.
decent prediction

I forgot to add. It will be a hilarious irony that a stablecoin will emerge as one of the victors of the crypto race. Tether has proven that the markets require a stablecoin, with traders even going as far as trusting a bunch of shady Chinese to use it

Cryptocurrencies are digital assets. Their basic design makes them fucking terrible currencies. That's why we had to make a stablecoin to actually make it a non volitile asset.

I've decided to add another half mil to my stack tonight. This is too easy.

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Also Reddit never mentioning this shit is one of the most absolutely bullish signals I've seen in the last two years.

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Indeed, I've thought the same

This is a shitcoin made by homosexuals, lib-cucks, and niggers. Rot in hell , faggots. VIDT IS /OUR COIN/:

>already generating hundreds of thousands of dollars per month in revenue with major partnerships like Airbus and IBM
>cornering the market on one of the most promising use case of blockchain
>All white master race development team
>confirmed T1 exchange incoming
>SCARCE AS FUCK

Meanwhile you hold tour rsr with the hope and prayer that people will mass adopt your shitcoin as a global reserve currency when things like BITCOIN already exist.

Get real, you delusional fags

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this

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they have a couple times already

funny how this brainlet didn't respond after getting btfo with facts obvious to anyone who actually does even the most basic research. "the absolute state" indeed.

VIDT is great as well, but you trying to fud RSR and implying that ad hominems make for good business decisions is a really bad look. stop it.

78000 vitaliks and dropping. Lol you could have sold at 180000 you fucking BRAINLET.

Almost every VIDT holder is a bagholder now.

user, nubiz IS Reddit. Who do you think keeps shilling rsr here? Oldfags all know better: if it was good they’d keep quiet about it until they wanted to drop bags on plebbitors

nah, the reddit boys are the brainlets saying muh token supply/the ceo doesn't have an economics degree/it's a stablecoin. that is reddit level analysis.

>muh ceo dodged the college Jew
Truly plebbit tier fud, agreed.

Dude they are just gonna take their NANO and VET to their graves. Let them buy at $1

If nubiz was Reddit, it would be IOTA vs Bechink vs NANO. Those shitcoins are not even tolerated here.

UND is a much better lowcap buy.

Where are my reservists at? Sergeant Major reporting in. Going to make it to second lieutenant in the next month.

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Nice to see a fellow Sergeant Major around. Seeking promotion in the next few weeks. I want a seat closer to the front of the rocket.

crab coin

Yea when most other alts and BTC dump this stays relatively stable. Says alot for such a new coin.

UP UP UP WE GO

It's going to be the best passive income coin ever. For those that get several mil now, in a few years...jesus

mfw i make it

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Soon

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This shitcoin is, and will be doing entirely nothing.

>will be doing entirely nothing

Former SEC commissioner is on their advisory board.

This project is supported by the fucking moguls of Silicon Valley.

RSV will be the first next-generation stable coin listed on Coinbase because Coinbase Ventures are equity investors.

You better get a suicide stack so you don't miss out again and neck yrself user.

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I only have 1.5m. How fucked am I

not even close

The FUD has degraded to the point if “Nope not gonna work lol”

>Bullish

Unironically yes a bullrun historically follows bitcoin halvening which is in 2020 so eoy 2020 we could see 10 cents or even more

it is an ERC 20 token that offers nothing. you deluded faggots are falling for a moneygrab. you will hold these bags forever

We will get the app in Q3,depending on its success we will see if the investment in RSR was worth it.
Calling it a moneygrab before they have even released their product is super stupid,you realise that yourself dont you?

>offers nothing
if u can't be bothered to do basic research, your fud will never reach your target audience

based
that could quite possibly be worth well over 150k in a year's time, user.

a mobile payment app for an ERC 20 token that floods the market with more tokens to keep the valuation down. wow the innovation here just blows me the fuck away. this is the most impressive project in the entire cryptosphere. i was wrong - you guys are going to be fucking kings. please accept my sincerest apologies.

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>50k in link

holy fuck

>Floods the market with new tokens
>He doesnt know

how long before moon ?

i need more time to accumulate

Sometime in September we lift off,be ready until then

is 120k enough for 1k by the next year eoy

More like 10k

I predict 0.02$ eoy
However it depends on the success of the app and the amount of RSR suppy burned
Until 2020 the current supply will SHRINK

the more thats burned the higher the price of rsr token

I think we will get a small bump in september-november depending on how the app launch goes. Nothing more than to $0.01 imo.
I think we get our first real bump when mainnet launches early to mid 2020 and burning begins, then we could see $0.10.
After that, as burning continues and the reserve app launches in other countries (they mentioned Nigeria in the telegram chat - $380B GDP) we slowly creep up indefinitely.

The comfiest long term hold, actual use case and legit investors/team members. Team actively discouraging exchange/price speculation makes me wonder if they have something big planned that they legally cannot reveal before official announcement

coindesk.com/tensions-rising-at-facebook-libra-as-backers-consider-quitting-report?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic

lol one of the biggest threats to reserve isn't gonna get off the ground.

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it's gonna be huge

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Imagine not holding the unfudable coin that shills itself

Where's schloppy doggo and his discord incels? We need more FUD so I can accumulate.

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They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.

the quality and quantity of investors speak for themselves

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See
And See

Bump