/biz/ - Business & Finance

it wasn't, you can always double your stack when it goes to .004

Because it's correcting after it's unnecessary pump. RSR will no doubt see $.10, just no telling when. If you need the money to trade then whatever. But RSR is a solid long term hold like we've been saying for over a year.

I AM NEVER SELLING

FUCK JANNIES AND TRANNIES

>>22935447
RSR is the most overvalued project there is

100 billion supply

40 seed investors who bought at $0.0004
40 team members who got them for free

honestly fuck that whole project

>>22935447
The Reserve Protocol Project was created by Peter Thiel. Why? He wants RSV to replace the currencies of many third world nations as this would enable him to blackmail them into sending him young men to satisfy Thiel's legendary sexual perversions.

It's good that you are no longer giving money to a homosexual rapist.

>>22935601
I will quadruple my stack at 0.002

>>22935875
>tfw ywn have your boipucci gently violated by a gay billionaire
Why live

>>22935447
>sells after a -70% red waterfall
>tell me why this was a retarded decision

markets will start to reflect the reality that trump is going to win re-election. selling now is the worst thing you can do anons

>>22935447
you sold low

>>22936384
I want Trump to win but even the dog on the street knows Biden is going to be the next president of fatty minus IQ Burgerland

>>22935447

you will never make it, stay poor you retards. thanks for your stack

>>22936442
biden isn’t going to win. you’ve fallen for the msm

>>22936442
not gonna happen. even the spics agree trump won the debate last night. it’s starting to process and the markets reflect this reality

>>22935447
you didn't lol

>>22936523
i did lol

>>22936768
Show etherscan

>>22936780
I sold my suicide stack as well,i was late to realise that this is xrp 2.0,fucking quadrilling tokens

>>22936846
show etherscan

>>22935447
I'm currently at a loss too but don't plan on selling. I always always regret it later.
I've learned my lesson. Probably will buy more at an opportunity.

>>22936890
It was on binance

>>22936476
YoUvE FaLlEn fOr tHE mSm

>>22936932
>sold at the bottom
lol

>>22937047
I lost only 100$ same like OP,i'll cut my loss and reinvest somewhere else.

People like low price coins since they except x100 but realistically it will never happen with a coin like this because supply of tokens is too big.

I made a mistake in buying it and not reading up more.

>>22937162
you unironically actually sold the bottom congratulations dumb fuck

>>22937162
>because supply of tokens is too big.
aww he's retarded.

>>22937203
>>22937231
Congratulate yourselves when you sell,it will be so deep it would be an understatement to call it a bottom

>>22937363
We're of two opposite schools. We're never going to agree. You're a total supply guy, I'm a fundamental guy.

We value 2 different things.

>>22936846
XRP went to $5
You’re either a retard or a fudder

>>22937398
It went to $3.84

Nice $0.24 stable coin, during that time you couldn't find a cheap shitcoin.

>>22937398
we're in a bear market now you stupid fuck. RSR is going to bleed for the next 2-3-4 months while billions and billions of tokens are dumped right on your head, but it doesn't matter to you because iTs A LoNg tErM hoLd and they were released for LiQuIdY

>>22935447
Thanks for selling me your bags at a hefty discount, retard.
Enjoy killing yourself in 2023 because you sold one of the biggest no brainer under the radar blue chips of crypto.

>>22937467
Do you follow me single digit iq spic monkey nigger brain?
RSR has 25x to go up at the very least.

>>22937504
>RSR is going to bleed for the next 2-3-4 months

What else cristal ball is telling you?
Is it telling you I’m gonna fuck your mom tonight?

>>22937504
You forgot to mention it's fundamentals

>>22937504

>>22937547
>CRISTAL

Learn how to spell Ranjpoo. You are in denial, whole market is going to bleed. We are in a bear market now. Smart anons tethered up 2 weeks ago. We will buy the bottom with our gains and make it in 2021, meanwhile you'll be clinging onto your shitcoin and breaking even.

>>22937747
delusional bears like you are gonna need rope soon

>>22937772
i sold *close* to the top, will buy the bottom in 2-3 months and make it in 2021. You on the other hand will be shopping for rope after seeing our Lambo posts on /BIZ

>>22937772
He is not delusional it will be interesting to see what daddy BTC and the FOREX market will do.

It looks bullish for a certain world currency fiat for now.

Expect the bleed smart anons did indeed tethered up to see this unfold.

I will do down with this ship
I won’t put my bags up, and surrender
There will be no white flag above my door
I’m hodling, and always will be.

>>22937162
>the supply is too big
>didn’t read the white paper
>did believe the fud
Stay poor

>>22937504
Mainnet launch is going to surprise you swingers and you'll be priced out. Going to fuck you so hard in the ass. Also just as an FYI. Addresses keep going up every day. Not many people are dumping, so for those of you falling for the fud, try not to.

Same thing happened with Link back in 2017-2018. Youre just short sighted.

Mainnet is not even out yet, the app is still in beta testing...just look at their investors, it should tell you everything. Ill be back in 2021-2022 to tell you to seethe harder faggot

>>22939117
mainnet will dump the price HUGELY, billions and billions and billions and billions of tokens will flood the market, pump the market cap and dump the price. This isn't 2017, mainnet means NOTHING anymore. Anyway, i'd personally be surprised if it got to mainnet in 2021 seen as there's no take up of the app and RSV market cap is only $1 million

>>22939238
A double digit percentage of coins will be burned within a week of mainnet launch.

>>22936476
More overall turnout due to life sucking right now disproportionately benefits the left because their people are less likely voters (younger, nonwhite)

>>22939238
The mainnet literally means everything for this project you bufffoon, they cant even list on CEXs because without the mainnet they are a competitor to the fed which is ILLEGAL
Christ at least try to pretend like you know what youre fudding

>>22939293

>>22939238
RSR will actually have a use at mainnet though?

>>22939365
>competitor to the fed

your next biggest bag is xrp isn't it anon?

>>22939365
all of crypto is a "competitor to the fed" by your logic wouldn't all crypto be illegal already?

>>22939228
seriously, these fudders are either newfags or just plain retarded and don’t remember that this is exactly how LINK behaved

are people still claiming that RSR is illegal? something not being technically legal and fully approved isn't the same as it being totally illegal, you understand this right anons? RSR is in a legal grey area because there's no regulatory classification for it yet, they haven't gone through the process yet because they want to make sure that RSV is fully implemented in these foreign countries before they bring attention to the project and since RSV isn't yet decentralized it would risk putting RSR in the category of a security. in order to avoid and mitigate this risk they haven't actually tried getting RSR whitelisted yet this is what Coinbase will eventually help them accomplish once the RSV app is fully implemented and on-chain since Coinbase will benefit greatly from having RSV on ramping capabilities in typically inaccessible regions. the goal is RSV app then RSR implementation, in that order and this will happen before any technical "mainnet" is even announced because they need RSV to have a use-case before RSR can help with arbitrage pegging.

>>22939284
Show us the equation you used to arrive at this conclusion anon.

>>22935447
>>22935447
Its equivalent to selling LINK at $1.50 after it ran up to $4.

>>22939457
Most cryptos aren't trying to act as a currency. Do you see Tether on Coinbase?

>>22939600
i wouldn't say it's impossible, but it depends on what he means by a double digit percentage of coins. if he's talking about a double digit percentage of the total supply that's a big difference from a double digit percentage of the current circulating supply.

there's actually a good argument to make that we can see a few billion tokens burning in less than a year after mainnet but that all depends on rsv volatility/velocity and marketcap.

people still don't understand how arbitrage will work, they think it all has to do with marketcap but it's actually more to do with the velocity between fiat and rsv and the number of users actively moving rsv around. this means that as people use the app and trade rsv on exchanges it produces slight variance in price which can be captured by arbitrageurs each time the price moves above the $1 peg using rsr and whenever it goes under the $1 peg using other assets. people will make money from rsv in both directions it just depends on what asset you want to use to buy / sell rsv and which arbitrage style you prefer. obviously using rsr is more profitable as this burns supply and drives up the demand for rsr over time but the main asset that matters in all of this is rsv itself and whether or not there is a demand for a decentralized stablecoin. i would argue that there is.

>>22939636
no, but i see usdc on coinbase though, and usdc is actively being used to back rsv...

>>22938952
damn, was just listening to that song 10 minutes ago
maybe it's a sign and I should buy some RSR even though it's a shitcoin

>>22939916
i also see paxos standard being considered by paypal for a possible partnership. pretty sure the fed wont make that illegal either for being a "competitor" lol

>>22939600
This equation right here
>>22939996
It is actually, trust in the schizo

>>22939848
>if he's talking about a double digit percentage of the total supply that's a big difference from a double digit percentage of the current circulating supply.
He probably didn't consider the difference when pulling that number out of his ass

>>22939996
so close to quads oooooo, go for it lad

T. 200k Stack here

>>22940069
Correct but also circulating at time of mainnet.

I'VE LOST SO MUCH MONEY

comfy holds.
Sure, time is money, but if I put a few thousand aside it doesn't hurt me. I'll wake up one morning and it will be at .03 again I won't sell. Then I'll wake up one day and see .10 and won't sell. Then I'll wake up and see .05 still won't sell.
It's a hold not a get rich quick scheme.

>>22940069
maybe he did, but if the price of rsr drops come mainnet like the fudders what to assert without evidence then you can easily assert that billions more tokens are going to be burned since the price of rsr is directly correlated with the amount burned. no?

>>22940969
in other words, if you think you're fudding rsr by claiming the price will drop to near zero come mainnet you are actually making a bullish case for holding past mainnet since by that point the foundation tokens will be used to arbitrage and therefore billions of extra tokens will be burned even if zero VC investors decide to arbitrage. as for the "vc investors got tokens super cheap" argument/fud, yes, that's actually the point of giving them cheap tokens early on so that come mainnet even if the price were to drop significantly they would still be profitable and would be more willing to arbitrage since arbitrage would burn more tokens and put them back at a higher profit over time than selling the tokens outright.

basically, selling tokens after mainnet will be disincentivized compared to just holding and arbing regardless of the price by then.

>>22937162
In the first post, you asked us what you did wrong. Selling at a loss was what you did wrong, no matter how much you try to rationalize it by imagining a future where RSR keeps dumping.

In this post, the picture’s clearer. You aren’t just an idiot for selling. You were also an idiot for buying without reading the white paper. You invested despite not understanding the token supply. This is a mistake that you’ve recognized, which is good. Now write yourself a plan for avoiding doing this again in the future, and buy that RSR back.

>>22941773
possible happening for rsr soon anons

>>22935447
Well, at least you will have enough for some sturdy rope when this goes 100x

>>22941832
thanks anon, just brought my stack up to 60k rsr