/biz/ - Business & Finance

this is how a crypto dies

I got reckt

>>24240416
The big seethening of faggots like you is coming.

>>24240468
no he's right, this is bad for crypto.
i probably can't even have a normal conversation with you without waiting 5 years so I won't, see you anon

>>24240434
>buy high, sell low
You should've known better, Anon.

>>24240511
Fuck off already.

>>24240390
love to see it. hex is undeniably a good/safe product. adoption is the only thing from it doing what its built to do and that's to absorb value like crazy. people like to make interest! it's as simple as that. hex offers that, a great APY. Hex tries to get people out of the anxious mindset that's inherent in crypto. price dumps hurt a lot less when you are staked long term and when you are at least making a good interest rate

>>24240612
yeah sure, but HEX now is fking turtle compared to the gains one can get with other coins and a lot faster.

>>24240612
Fuck off richard

>>24240390
just buy fucking Axion fags

https://axion.network/

>>24240789
GTFO with your shit rugpuller

>>24240390
Sorry but i leave the hex to axion...
If you want a ref link to take 20% more: https://pastebin.com/iw9DFf8p

>>24240722
hex is alright. being in the community i feel like nobody is even fazed by the bad month of price action. i'm bullish but i'm also a long term staker with no intention of getting out until its either zero or my stakes end. i really don't care about the price rn because i'm confident in 5-10 years i'll look back at what was a great hold and an interest rate nobody else even comes close to. long stakes interest charts are insane

>>24240612
>people like to make interest
Lending and liquidity pooling both make your money work to produce value. Locking it up reduces value, it's a less than positive value contribution. A more dramatic way to frame that is saying hex is a vampire draining away wealth so the wealth remaining can be redistributed up a pyramid.

>>24240951
>>24240789
You should only get Axion if you can free claim it and then leave it there. Take your rugpull scam to somewhere else.

>>24241012
>i'm confident in 5-10 years
LOOOL

>>24241014
complete bullshit. with hex, you still have control over your money while the options, that you've mentioned, demand trusting another party which can screw you over.

>>24241151
No trust needed for uniswap liquidity pooling or defi collateralized lending. The only reason to ever lock your funds is to allow someone else to leverage them somehow. Just locking them for no reason except to reduce selling pressure temporarily is worse than useless.

>>24240390
Hex is the most hated altcoin out there yet unironically the comfiest long-term hold. No hacks, no rugpulls, no "whoopsies", no backdoor keys. 3 audits. Shit's ironclad. Most don't even know why they hate it.
People bitch about too much of the supply being supposedly owned by one entity but who gives a fuck? Seems like if that entity wants hex to grow and so do you. Incentives are aligned. Better than having supply owned by some boomer company dumping on your ass everytime they want to have a fag parade party or whatever.

ok, I am sold, will buy some when it hits 0.0001

>>24241733
>unironically the comfiest long-term hold
This. And sooner or later people will get it. Hex is the obvious choice once you understand the magnitude of the problems that it solves.
This will be the last dip below 1 cent, so to those who want to get in it's best to dca over the next two months while the plebs are getting shaken out.

>>24241250
>Just locking them for no reason except to reduce selling pressure temporarily is worse than useless.
this
hex tries to claim to be a "crypto CD" like with a bank, but they don't mention that a bank takes a cash CD and loans it out to generate interest to pay off the CD with
hex produces nothing

>>24241250
>uniswap liquidity pooling or defi collateralized lending
Yeah, I'm wrong on these two. I just skimmed your post, reading 'lending' and thought that you meant banks.

Someone told me about Hex and then I saw the main fag dude and noped right the fuck out of that youtube video. How can you look at the founders face and think this would be something worthy? Cant you tell a moron when you see on?e

>>24243316
That's not how banks work. That's the excuse they give to plebs to cover up the fact that banks basically steal most of your money and print it out of thin air through government bailouts if enough people ask to have their money back all at once. In reality it's the banks that provide no utility in our digital age. Since the cash deposited isn't hard money the bank provides negative utility to everyone who isn't involved in the banking sector through counterparty risk and interest that doesn't even keep up with the inflation.

HEX solves this and much more through reduction of negative externalities and counterparties. There's no labor required that needs to get paid to work, the code replaces work associated with banking immensely reducing the costs of getting the service. And there's no trust involved, since it's just you interacting with an immutable code, paying yourself for the work you've done by digitally lending out your economic energy to other participants in the network when staking.

But this is just scratching the surface. It's not just that HEX produces value. It's that HEX produces an absolutely new form of economic value that is qualitatively miles beyond anything out there and that hasn't been seen or perhaps even conceived anywhere in economic history before, due to the fact that crypto allows for new properties in economics to emerge.

HEX solves problems that people aren't even aware exist yet. This is the main reason why it sounds like an insane concept. People still cling to the legacy models of banking and finance since they seem familiar while HEX is entirely new and years ahead of its time. There's no vocabulary yet to explain it since the old models don't apply to the features that become possible when socio-economic activity is transferred from humans to pure code and math.

Even among the holders few understand this, but over time HEX will reveal itself to be a more influential invention than the internet.

>>24244591
yikes dude
you should judge on what he says and does and not his face
he's a smart guy, at least watch him debate and btfo that britbong journalist

>>24240390
Hex more like sex amirite lads????

>>24240819
>>24241022
yeah the "rugpull" with $1M liquidity that gave everyone their money back. strange...

>>24246440
im not liking these credit card teasers
every crypto credit card failed spectacularly and went to 0

>>24245024
It's a pretty standard crypto ponzi. I personally tried some of this on a small scale including locking and early penalties, only I marketed it as a ponzi instead of hiding what it was. That was before ETH when our ponzi games worked by directly depositing into an address without knowing if you ever got anything back.

You should check out SwapDEX (SDX) if you got rekt in Hex.
SDX just had a nice pump from 1 cent to 2 cents today. New youtube personalities hired for marketing and a lengthy descriptive white paper was just released.
It's still early to get a nice bag of SDX before it takes off.
Maybe you can recover your losses from hex with SDX and even some gains on top.

>>24247165
Ponzi is a funny word in this space. It's supposed to be a negative thing or is at least used to frame something negatively and yet it's a very accurate description of what all crypto is - a volatile speculative ponzi bubble that continuously fluctuates going up and down for more than a decade fueled almost entirely by hope and greed and profiting the early guys with the money of the late adopters.

The thing (which most avoid talking about) is that there's no way for crypto to get mass adoption other than pumping and dumping for an indefinite amount of time until it reaches enough economic mass to the point where it can compete as a self-sustaining alternative economic system. And as with most other things HEX solves this. It does what is required to get to the endgame better than everything else through the right kind of incentive structure.

In so far as I've seen, people who dismiss HEX as a ponzi don't learn through reason. They just use the term as if they think it's an answer or a critique while in reality it's anything but and most often they misunderstand the meaning of the concept. But that's the beauty of HEX. It doesn't need you to like it or get it. It keeps going up with or without you and sooner or later you'll fomo in.

It went top 5 this run by the way. The next pump, in around 2-3 months at the latest will be much bigger. And it won't come down this time, since there's no BPD fud left. It's gonna go viral over the next 5-6 months and go either top 3 or top 1 by end of 2021.

>>24248197
A ponzi is a zero sum gambling game that provides no value. Some crypto provides value. Hex doesn't. A p&d is a form of ponzi but the underlying asset doesn't have to be. Normal price formation isn't a ponzi even though you can make money by dumping on new money.
Crypto is over the ponzi phase, we're defi lending and market making now. In 2017 I was waiting for a top to sell now I'm just farming money.

>>24248461
Any recommendations on where to invest?

>>24241151
You are truly fucking dumb

>>24248461
>A ponzi is a zero sum gambling game that provides no value.
1) A zero sum gambling game provides value in the form of speculative value, and adrenaline through the act of gambling, same as a casino.
2) Where is the value in BTC other than gambling on large amounts due to high liquidity? What does it do that almost everything else doesn't?
>Some crypto provides value. Hex doesn't.
Lol, right, no value. It's an empty statement even just due to how much HEX pumped all year (higher than anything else) and that's before getting into the features that it has.

>>24241733
OK, Rich

>>24240390
Did someone really stake HEX for 40 years?

>>24240468
>The big seethening of faggots like you is coming.

BIT-CON-EECT IS NOT A SKAM!

>>24249574
Unfortunately the max is only 15 years. And yes, my longest stake is around 13 years and the current average stake length in HEX across all stakers is 4.74 years.

>>24241012
>with no intention of getting out until its either zero
tell me how you get out at 0 you dumbass

>>24249875
dude ethereum wont even be around in 13 years rofl

you are a goddamn moron

>>24250354
This

>>24240468
>stakes his entire folio that he minted out of thin air taking a shit on your rewards
nothing personnel

>>24249875
brainlet

>>24240612
>adoption is the only thing from it doing what its built to do
said every ponzi ever

>>24250354
What does HEX have to do with Ethereum? The system state of HEX can be airdropped on any other platform if it becomes necessary or if Vitalik fucks up somehow. HEX ain't going away dude, don't worry about it.
>>24248556
>>24249548
>>24249728
>>24250038
>>24250382
>>24250408
>>24250696
Part of the reason why I'm so bullish on HEX is that this is the level of critique HEX gets. People still don't even understand what HEX is. Just a bunch of salty fags who missed out all year barking up the thread.
At least this guy >>24248461 regardless his criticism being misplaced, was able to pull together a somewhat coherent sentence.
>>24250453
Lol, this nigger's so mad at he spent hours looking at trash just to make a bland shitty meme.

>>24250354
Hex is able to move to another chain, if required.

>>24250801
>Part of the reason why I'm so bullish on Bitconnect is that this is the level of critique Bitconnect gets. People still don't even understand what Bitconnect is. Just a bunch of salty fags who missed out all year barking up the thread.
At least this guy >>24248461 regardless his criticism being misplaced, was able to pull together a somewhat coherent sentence.
ftfy

>>24251603
Thank you sir. Your intelligence speaks volumes.

The problem with Hex is this smoke and mirror games with Richard. He breaks SEC rules, because we know he controls the origin address and that he recycles his profits with Hex. In the end the one with the most X gains is Richard himself.
In this way, it's even worse than Bitconnect.

>>24251603
>>Part of the reason why I'm so bullish on Bitconnect is that this is the level of critique Bitconnect gets. People still don't even understand what Bitconnect is. Just a bunch of salty fags who missed out all year barking up the thread.

TOP KEK

>>24240612
you sound like a STAfag
ill be honest i fell for the AXN meme, hoping for a quick X2, this shit crabbed and I left with a small loss, whatever
but yeah i dont know the point of these coins, it'll never work out

>>24248461
>we're defi lending and market making now
we're in a defi bubble now, good news is, when it inevitably pops, projects that will emerge, will be 10x better than what we have right now
future looks bright but i wouldn't be too careless right now

>>24252643
1) The evidence on chain analysis is that addresses related to the OA have not sold a single coin on market.
2) The evidence in regard to the AA is that it has received thousands of ETH from people minting HEX meaning that the OA has no reason to sell.
3) The evidence of the HEX contract is that most of the holders outside of OA have staked.
4) The current function of the OA is to control monetary policy and increase the APY of stakers, which is around 40% now.
5) The future potential of OA selling is probable only if/when HEX goes mainstream surpassing BTC.
6) Going mainstream would cause people to wish for more liquid HEX since there's no cheap HEX on the open market.
7) Having achieved such a state the OA could sell some if it finds necessary to supply demand without hurting the project, though even that is doubtful since RH gets off on the glory of HEX price going up way more than he does on having a few extra sheckels in his wallet.
8) While people criticize RH for allegedly selling while the proof is to the contrary there are countless other projects with more than 60% of the coins held in foundations that provably dump on holder's heads to pay for devs since their projects are still unfinished (ETH, XRP, LINK, BNB just to name a few in the top 10).
9) The fear of RH dumping stems from poor people's inability to conceive any other value of a large bag than dumping it and from projecting their own bottomless greed on RH, while failing to realize that he already has more money than he can spend in his lifetime outside the HEX that the OA owns.
10) The smoke and mirrors are in your head. All the facts are available to anyone who cares to do CA. The knowns and unknowns are openly talked about, understood and accepted by people who participate in HEX.
11) You haven't done research and have no idea what you're talking about, which is evident from the errors and lack of nuance in your criticism
12) Nothing pumped harder than HEX this year.

>>24253397
Richard please.

let me invest in a shitcoin that gets airdropped to me for no reason.

>>24254242
Big brain energy

>>24254713
Cope