/biz/ - Business & Finance

Thanks. Is this anything other than a blatant ponzi? What is your downside target?

>>16320391
yeah its going down it's a massive pyramid but i wouldnt risk losing money if it hits $2

just get out if you're in SNX and watch from the sidelines

>>16320406

It is a Ponzi quite cleverly disguised not to look like a Ponzi. If you do look at the historical chart, it did collapse before while trapping a huge amount of holders out of their minting and staking positions. Many of them where trapped there for months, others bought themselves and dumped back on the market.

Target 0.90$.
Decent enough at my position size.

>>16320391

One sage is all this gets. It's not yet collapsing but slowing down.
I'll point back to this thread tomorrow after the snapshot has been taken and post my profits.

Goodluck Bobo's.

>>16320391
Your spreadsheet is from October
It’s November now nigger

>>16320862

So? Wallets still belong to (((cartel))) check discord.

>>16320391
so does the ponzi collapse when people start to cash out?

Only 1.3 million in liquidity, but the order books are thin, so just as easily as this is pumping, it can dump?

>>16320391
Laughing at "link marines" on twitter FOMOing SNX in the last week or shilling sLINK (buying a synthetic asset won't increase the price of the original asset...), what a bunch of soulless retards

>>16320877

> so does the ponzi collapse when people start to cash out?

There is some basic game theory involved here. Maybe spending every single day around this project for months has made it a little easier to become aware of the play, but it shouldn't be so hard to understand. It's a Pyramid that doesn't collapse, but basically overflows and then next cycle starts. If you put any amount of money into PoWH or any of those smart contract Ponzi games....this is very very similar, with some extra steps.

> 1. At some point large hands will cash out, no question here.
> 2. When this happens it will dump stakers below the required collateral to withdraw or mint.
> 3. Underwater stakers will have to buy sUSD to free their SNX to be able to sell or keep staking.
> 4. Whales will have the assurance that a decent % of wallets now underwater have to play in their favor.

Whales will capitalize this because the financial incentive is clearly in their favor.

> Only 1.3 million in liquidity,

Liquidity is much higher since a huge amount is being traded on Uniswap and Kyber which are not included on CMC.
But circulating supply is less than 80% if you count the funds that haven't been moved recently.


https://defipulse.com/synthetix

>>16320982
So how long until people clone this scheme and create their own collateralized ponzi debt money making machines?

Assuming crapcoin x doesn't go to zero and with lets say 100% inflation, why doesn't someone just launch it and make all the early adopters rich before it collapses?

>>16320982
is this why there hasn't been any sort of retracement yet? This thing is skipping the moon and headed to Sagittarius A. Is there a fundamental price floor because of the way it's structured?

Enlighten me, really sweet project, would love to go long, but can't buy the current chart without better info

>>16321084
search SNX and sythetix on warosu and judge OP's claims for yourself-- be sure to search the OP only. before this week there were prob less than 10 threads about this and most op's would delete them if you asked

i saged every thread on this shit and I'm saging this one. Op talks about game theory but yet somehow you think he's doing you a favor now?

laughing out loud

>>16321448
Stfu

this will flip makerdao within 6 months.

>>16320391
>> Why short now, and not tomorrow?
>Search for "Cartel" on the SNX discord, you'll figure it out.
>Let me help you out a little:
>> https://docs.google.com/spreadsheets/d/1MngcVT3hvyETasIq7KnPCZWNwr3Zsm_tbp6d-90YcDc/edit

This does not answer "why short now, and not tomorrow"? at fucking all

>You made same thread few days ago
>I told you I agree its debt backed by debt system
>But i told you you cant time short at all
>you told me that im retard
>it was 1.0
>it is 1.25 now

Again you cant time this short before losing all money and I see you doing jsut fine in second part of statment.

Gl op

>>16320529
you can easily fix your collateral ratio, you won't get trapped lol

>>16322349
fundamental misunderstanding of the project by the vast majority. it tells me that i;m significantly ahead of the herd.
target price $6

So you want me to sell OP? Thank you! You couldn’t possibly have any interest in having SNX holders sell, right?

Dump is starting

>>16322376
I think they do understand it, it's just coordinated FUD
the (false) arguments they make are too similar

>>16322965
dude look at that faggots post history lmfao everyone hates that faggot

or are you samefagging

>>16323065
I don't care, he speaks the truth while you are clearly up to something

>>16323151
i sure do. told teh fuckin plebbits to sell at 10,000 sats on rlc. within 24 hours it was at 7200. -50% but the cunts are still buying it! by dec it will be back in the 3000-6000 range while snx is 2-3$ plus 1-2% weekly stake rewward. imagine not buying SNX.

Is it possible to short any shitcoin now? Even shit on Kucoin?

>>16323649

No only on nuo for now

>>16323649

Oh wait I read that wrong. Well OTC basically you can short anything yes as long there is a willing counterparty for a smart contract. Services like nuo do offer a easy way, but don't have every shit coin.

>>16320877
Where’s the up to date info then nigger
This shit is Gunna pump till March right before the rewards are unlocked, then it’s gonna dump to 0.80$ in a day

And when I say pump, I mean properly. This ponzi is going to $15-20 before March

This is the next bitconnect and may even be the trigger for the next bull run in 2021 once it’s dumped and recovered

>>16324589

The info goes deeper than a single sheet. Go search discord, it's one query away, you don't even have to rely on me. Go do that and come and tell me I'm wrong if you want. Until then, shut up. It may end up being 2$ in march yes, but we are heading down for now. Good luck.

well, I am heading to sleep, expecting to wake up neck deep in more profit. More good luck to you anons. Go the bobo route on this, trust me.

> Why short before tomorrow?

Because somewhere whales will have to profit, where better to do it than right before the snapshow, preventing people from minting, forcing them to buy their way back in? And once they see the significantly lower rewards from last week, a real reason to no longer hold SNX for the long term appears. And then also....this -decentralized- exchange just went into global maintenance mode.

https://www.reddit.com/r/ethereum/comments/bzxxv2/synthetix_is_a_disaster_waiting_to_happen_devs/

It's starting to collapse now

https://pools.fyi/#/trades/0x3958b4ec427f8fa24eb60f42821760e88d485f7f

Take your profit, and turn it around.
Anon out.

>>16324806
This man WILL be liquidated. Thank him for his donations now.

Thanks for the tip, down it is.
Just sold 10k,x2.

>>16324806
... the snapshot already happened almost a day ago

This faggot is clearly interested in our financial well being. And people say there aren't good people anymore!

So where should I set my take profit at?

>>16326719

Below 1$

>>16320391
long UPT when deposits open instead.

Dump some more pls.

>>16327645
Don't worry.

>>16327645
its going to dump hard.

>>16327964
>>16328815
lmao. $1000 EOY is FUD

>>16328832
Not buying your bags transjeet