/biz/ - Business & Finance

Staking - less than 0.1%APY in a month. And not going to pickup anytime soon since they have 0.5 ETH as a simple margin trading fees and 0.2 ETH for borrowing. Also borrowing rates are 60% APY. Lending has good returns.

Also, the team is amateurish. Like really shitty. Hired a bunch of Ukraine devs. No tech experience and the product is also buggy as hell. With all this shit, they marketed a come back on Aug 31st. Lmao. Get out when you can.

>>22293111
THe whole market is crashing man. The crash is also coming along perfectly with the cool off coins get after their binance listing.

>>22293111

80% of my portfolio is bzx and i bought most of it around 1.10.

am i fucked? should i buy even more? should i sell?

>>22293328
I just bought 10000 at this dip. It just HAS to be over $1 at some point with such fundamentals

Good luck waiting for 2 years. Fundamentals get crushed as much as normal. The 51 M staked can anytime get dumped since the rewards are minimal.

This is a $2 coin if it had launched Aug 1st week. They missed the timing.

>>22293373

>>22293111
>>22293373
i went in thinking the same. but the marketing, communication, dev team, they have been awful the past week. so im getting out as soon as im breakeven again which will be at around 80ct

>>22293204
I agree. Why they would push for a release when the UI is a buggy piece of shit is beyond me. Theyve lost me a lot of money

>>22293204
Most of that isn't true and the platform has already launched. ETH's network is causing the high fees and I don't understand how you can call this team amateur while investing in pure chink/pajeet shitcoin scams like PNK.

https://bzx.network/calc

Just do the math retards

>>22293419
>This is a $2 coin if it had launched Aug 1st week. They missed the timing.
Absolute nigger and a brain dead moron. It pumped to $1.70 EASILY before the congested ETH network caused the 48-hour launch delay. You keep complaining about such a trivial delay as if it broke everything and caused the entire crypto market to dump. What's your problem faggot?

once the market recovers this will recover rapidly, right now it's just poor timing, gas prices, amongst other things. It's solid, but fuck i've lost some serious money

yea pretty much the worst timing ever for a launch, multiple full market drops in a row. Shit happens. Seems like it might extend the timeline a little by flattening the defi bull. I'll just wait on my bzrx, wish i had more fiat to get into snx and yfi right now

>>22294424
wish i would of cashed some of my link out for YFI when it was 1k, I knew I should of bought it but I thought it was at the top and then just forgot about it until it was a whopping 36k. Lifes fucking wild

>>22294547
Hindsight is a funny thing, I also looked at buying in when it had a dip, then moved on. No drama, link is still the king just not as attention grabbing since we've been following it so long. There's really no way at the time to be certain when something is going up that fast, maybe we need to up our risk threshold? but i know myself and 'slow trader'/investor is my way

>>22293111
Holy shit you're fucking stupid everything is down not just this. Waste of a thread. Just sell so I can stop listening to your dumb ass.

>>22294673
Yeah hindsights a bitch. I keep thinking of all the different moves I could of made that would of landed me at 500k by now, but you live and learn. I don't have the guts to swing trade, my luck the second I'd go to sell it would just start being instant green dildos everywhere

I'm staking 20k since day one and it's telling me I hace 95c rewards so far. But underwhelming

>>22295057
how does 9,500 sound?

>>22295057

I've read a few people saying this - is it fud or real?

>>22293111
Dumped my entire stack at $1.20. Pissed I didnt at $1.40 desu. Will never ever touch this piece of dogshit again.

>>22293111
>Also borrowing rates are 60% APY. Lending has good returns.
If you can figure out why people are borrowing millions of dollars at 60%+ you can rich too. 60% is the lowest, people have borrowed much higher, myself included.

>>22295075
I don't understand this?

>>22295267
95cents x10000

>>22295128
I don't fud and I'd like to make clear that I support this project. I have more bzrx in the enceladus with my ample but I'm not receiving decent staking rewards thus far.

>>22295291
Why would I x10000 though?

This is a premium working fucking defi product at bargain basement prices. What till there’s a solid bull market trend and this will be a front and centre gainer. Mark my words

>>22295334
Have some faith! Never under estimate the power of positive thoughts! This shit is EASILY 100$ EOY, don't you see? SHOW SOME CONVICTION

will I miss out on gains if I stake? not really planning to sell any time soon

>>22295308
It's not moving right now, the rewards refresh is a manual process

Here's my post on staking yesterday:
>>22277288

have a look at Morpheus.Network cause these are the guys with bold tech and results. Morpheus.Network has real-world used cases with CO-OP: 10B$ Canadian retail company adopting the tech and other biggies. One of the other problems blockchain solves is counterfeiting goods.

I envied this anon when he posted pic related. I have a similar networth, and I thought, this is a man with balls who is going to make it! When BZRX was mooning, I tipped my hat and congratulated anon - even if he didn't know it.

Now I pity the fool.

$2b market cap by Christmas

This is sitting at around 70M cap.
It has lending, borrowing, margin trading, chi gas token, fee sharing, liquidity mining, one of the most audited DeFi project, still an unannounced integration, still a fulcrum pro UI coming.
As much as I am thankful to biz for LINK and some other opportunities, low quality fud has been rampant lately, not sure if it's due to a new wave of newfags coming to the board or something else

>>22295503
it's whales/shitheads mainly, newfags only FUD if they follow the "in group herd" mentality

>>22295224
Because you can get higher yields than that, or another strategy? Drop a hint for an anon?

>>22295503
sir, the UI is a shitty piece of poopoo.

>>22295395
I was watching this guy's wallet, if I recall correctly he moved on before the dump.

>>22295503
>>22295533
>Yeah man this shit is awesome finally as a burger I can margin trade let's long ETH 5x
>that will be $400 plus tip
>why is it crashing

>>22295544
https://app.fulcrum.trade/stats

you can get high yields, but you will more than make it back with pic related rebates, especially the 0.5% weekly distribution

>>22295544
>>22295612
this thread explained it to me a few days ago
>>/biz/thread/S22218160

>>22295593

>>22295593
Its due to ETH congestion and not the platform itself you zoomer

>>22295717
No shit retard but when ETH isn't going to scale for another year most likely two or three and there is no solution in the pipeline it's not hard to see why this garbage is dumping.

>>22295744
holochain needs to make a come-back and wreck ETH into the stone age

>>22295744
This isnt garbage, ETH is garbage with spaghetti code which makes every other token shit itself

>>22293111
Market is imploding the bubble is popping on defi and this is a new company get ur fucking money out TODAY

bizerk me daddy

>>22295881
/biz/erkers stackin bzrker

>>22295809
>ETH is garbage but my ERC-20 shitcoin that chose to build on the ETH ecosystem isn't garbage

>>22295823

weak FUD

>>22295823
>he doesn't know

>>22293111
This is not the sole reason, but the price is definitely being supressed by whales. They put up a 40k sell wall on Binance, when the price was around $0.57 and they've been grinding it down ever since.

>>22296057
How would that benefit them?

>>22296136
So they can accumulate mire at these prices duh...

Comfiest hold ever. See you guys at the top

>>22296136
To accumulate
Have seen 50-75k buys on the USDT pair every now and then

>>22296160
cope harder

>>22296170
>cope harder
see you at 5$ in 7 days MONKEY BOI

>>22296213
5? Delusional Bag hodler

>>22296233
yes, pic related is me

>>22296152
It's been quite a heavily promoted project for months at prices lower than today. Whales seem to be this mythical all powerful figures to some on biz, feels like a cope. I reckon occams razor works here; botched launch, market dump made for terrible timing with defi being the biggest loser etc. I definitely still feel comfortable holding but I'd be nervous if I'd bought over a dollar.

>>22295377
Why would they release this without staking refresh working? That is retard tier.
>lets just ignore the entire reason somebody would buy our token at launch

Does anyone have a link to contract address where the background rewards are accruing

I've never seen as violent fud as I have against this coin so that's bullish.

>>22296594
Guess they thought they could get away with a daily refresh. Think they have bigger fish to fry atm.

>>22296648
wow there is a lot of people pointing out whats wrong with this token, what the fuck this is bullish

>>22293204
TIIMMMOOO NO FUD PLZ
>>22296648
You havent been here very long eh

is it even worth staking 200 BZRX, I stake from day one and not even a fucking single cent

>>22296954
No there isnt enough activity on the platform nor enough tvl to justify staking yet. Maybe you get big boy rewards if it catches a wave up, but for now bzrx will flip and flop all the way down to ¢0.19 where many will sell. It will hang around that range for 6 months then defi will be introduced to normies via libra staking and itll become hip again. Bzrx will have a chance to exit pump bigly then.
T. Schizo

>>22297026
no

>>22297136
t. kyle

>>22297026
the TVL is growing steadily, surely that would somehow influence the price of the token to climb as well?

>>22297026
schizo and stupid? sad

>>22293419
This shit could have gone up to $5 if it was launched early August. The timing with this was absolutely shit. Literally everything that could have gone wrong went so. Really disappointing hold.

>>22298237
Yeah just means need to wait a little bit. It'll eventually turn with the market.

>>22298323
>>22298237
so am I going full retard if i'm taking the long hold position and just stash this in my ledger and wait like 6 months?

>>22294245

So what has changed? ETH is still congested. Why would this pump now?

buy now or stay poor

>>22298356
Nah probably for the best. I'd stake it though