/biz/ - Business & Finance

You could say that I am still holding amplforth

on this august the 14th, 2020, I am still holding amplforth

I am still holding ampl

it is 1:58am on thursday, august 13th, central standard time, and I still hold ampl

I still hold ampl

s-should I buy the dip of this thing?

I still hold ampl

I've got money aside hoping to time the dip. Market cap has nearly retraced enough. Yes, biz faggots are still up 100x, but you can't compare early days to the exposure and sideline money this coin now has.

But why the fuck would a whale ever risk buying here? Every day under 1.06 is 5% shaved off their bag. The climb back to there would naturally take several days without a negative rebase, but now we have a sort of tragedy of the commons situation. Nobody wants to move the price if they aren't sure others will immediately follow. Otherwise you get massively fucked.

>The concept of AMPL is so good that several >copycats have come forth.
The team is fantastic (inb4 they dumped their bags, they didn't) and there are almost no women.
>Brian Armstrong is an investor
This is supposed to be bullish, but it's completely bleeding out and volume is decreasing. What am I missing?

Am I an idiot for thinking now looks like a good time to get in on AMPL? Seems like they're at the end of their dip, nowhere to go but up. Right?

Do I have to be online to get the ampl rebase?

Ok retards, I'm going to explain it to you. Reddit spacing so you can take it slowly

There is no point in being upset about how the current dollar value of ampl might make you "lose" the tokens you have right now at this moment.

The rebase mechanism that makes you lose/gain your tokens is exactly what makes ampl so useful and worth buying in the first place, and is what practically guarantees that ampl will eventually reach a very high market cap-- not because it can magically "print money", but because by fluctuating your token amount up and down depending on demand, it accurately reflects the percent of ownership in the ampl network you have, while helping to accommodate demand and bring the ampl token back closer to its intended value.

So what you are buying isn't tokens, its a percentage of the ampl network. The token amount you have at any given time is only a superficial representation of the percentage of the ampl network you own.

Get it brainlets? So you're not losing anything when faggot whales start manipulating the market and the price drops-- unless you panic and sell.
DONT have glass hands because your tokens are "disappearing"; if you cant see this as an obvious shakeout I dont know what to say.

The team just confirmed that they are doing a soft distribution of unlocked funds, instead of one big release.

EVERYBODY BACK IN!

Just went all in ample. Dumped all of my RSR. Lets start making some real money

Boys its going to $1 again.
Short 20x leverage and use my referral code because it'll make you strong. Ftx.com use VPN
https://ftx.com/#a=FuckNiggersFuckJannies

Go fuck yourself if you're bullish honestly come into this thread with any comment on buying this garbage ima lay into you

>>20630249
Unironically Ampleforth. High risk/High reward, but you've got nothing worth worrying about losing. Just buy and hold, ignore the price as it's irrelevant, it'll work it's magic and the daily rebase will add coins to your wallet so fast your head will spin.

Pump or dump leading up to the rebase tonight? I'm expecting a dump because last night's rebase did not make up for the subsequent flash drop to 1.30

YOU SMUG FAGGOTS CAN ENJOY HOLDING THOSE HEAVY ASS BAGS TILL THE END OF TIME GET FUCKED

ITT: coins that are going to -$0

July 24th AMPL takes over Kyber and Syntetix.

July 26th we take over Aave and Compound and become top 2 Defi project.

July 27th we take over Maker and become top 1 Defi project.

August 1st we enter top 20.

Screencap this.

https://medium.com/ampleforth/independent-currency-in-a-multi-chain-world-67032dce8296

Ampleforth everywhere holy sh!t

There is no mechanism by which AMPL generates value. Without a steady stream of buyers, the price will collapse. Shills will invoke terms like rebase and geyser and 12th dimension economic theory in order to make you believe that AMP can defy elementary logic. This is all just obfuscation to detract from the fact that it is a ponzi scheme.

The only reason people are buying and holding is because of the extraordinary rebase. Some of them genuinely believe they found a money printer. As soon as the massive amount of FOMO money disappears, AMP will sink like a stone.

What do you make of this? Surely its just fud guys.... right...? right guys?
https://www.youtube.com/watch?v=91u1LXwjUIg