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/biz/ - Business & Finance

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12530561 No.12530561 [Reply] [Original]

>> No.12531683

Securing a loan with collateral is not a hedge
They're not hedging the ETH price by locking ETH. They're going long on margin.
It's debt.
Debt doesn't hedge a damn thing

>> No.12531993
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12531993

imagine being REQT and seeing the team is buying another projects tokens

>> No.12532011

>>12530561
Seriously rekt.

>> No.12532119

>>12531993
They aren't buying a token you mong, they're taking out a long position by using a CDP. No idea how this helps them, but they aren't buying anything. Except a tiny bit of MKR for any fees I guess.

>> No.12532238

>>12532119
DAI is still a token little reqlet
so they believe in DAI more than they believe in REQ

>> No.12532300

Kinda shocked to see activity coming from Req.

If they're actively working on it, I'm considering buying back in. Lot money, but it's dropped so much, that maybe this is the bottom for Req?

>> No.12532315

>mfw Arthur buys up MKR and liquidates them

>> No.12532331

>>12530561
Wow 20eth that's like what the whole project is worth, they must be serious

>> No.12532349

>>12532331
Imagine being THIS fucking retarded

>> No.12532421

>>12530561
>20K eth.
>Generate 1 million of DAI
>earn 5% interest on 1 million dai

these french faggots actually know how to think long term.

>> No.12532450

>>12532421
you cant generate near that much DAI sorry lol

(unless like $1 off liquidation price lol)

>> No.12532511

>>12530561
>Gambling with ICO money
>Hedging

>> No.12532513

>>12530561
>makerdao dai cdp

translation: pee pee poo poo

>> No.12532528

>>12530561
Why the fuck dont they just sell into USD? Whats their fucking problem lol?

>> No.12532563
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12532563

Rebranding, Gilded big announcement, Request Wallet, V2 protocol, Donaid launching..

It feels so good to be reqtie and i can buy 200k more every month.

>> No.12533041

What does this mean?

>> No.12533101
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12533101

>>12533041

>> No.12533124

>>12532238
First smart thing they've done.

>> No.12533169

>>12532349
You're more retarded than him because I was gonna make the same joke.

>> No.12533369

>>12533041
It means they don't want to sell any more eth because they think eth is going to explode in price, so they're borrowing USD tokens with those eth as a collateral so they can keep working without having to sell more eth. The eth is locked until they repay the loan or the price of ETH goes too far down for it to cover the loans anymore.

>> No.12533385

Note the period. 20 eth

>> No.12533402

How much money did you faggots give these faggots? They still have 20k ETH?

>> No.12533422

Imagine if some big whale crashes the ETH price to just below their liquidation price, then immediately pumps it back up, just to fuck with Req. Just to absolutely financially ruin Req.

>> No.12533495

>>12533369
>eth is going to explode in price
AHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA. oh wait they're serious? AHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA WHAT RETARDS

>> No.12533968

>>12533385
Not everyone is an amerimutt

>>12530561
It blows my mind that there are people on biz who still hold REQt

>> No.12534086

>>12532238
Not a REQ holder. Not that stupid. And again - you obviously have 0 understanding of what a CDP is. They aren't "buying" anything - do you understand that? They're staking their Eth in a long position, and issuing DAI from that. What's unclear about this?

>> No.12534104

>>12532528
Because then they lose the original asset. Holy fuck, where did all you newfags come from?
>Not understanding CDPs = not making it.

>> No.12534117

REQ team went leverage long on ETH. Just sold all my ETH. They have done everything wrong thus far, what makes this different? I will wait for them to get liquidated then buy in.

>> No.12534148

>>12533422
All that happens is they take a penalty & the position is liquidated. Ie, they get most back, less the difference. Worse off than selling, but worth the risk that we're close enough to the bottom. So no, not "ruined", no more than they are now. And you know, they can use that DAI to buy more Eth and pump the price themselves. Or, ya know, pay back part of the CDP before it hits. This thread is just a train wreck of brainlets really.

>> No.12534166

>>12533968
This. Anyone still holding REQ is beyond help. Ffs, just get out, they've broken every promise the made on their roadmap.

>> No.12534182

>>12534117
Every dog has its day anon

>> No.12534186 [DELETED] 
File: 140 KB, 1484x954, asfasfafafafaf.jpg [View same] [iqdb] [saucenao] [google]
12534186

since not a single one of you has got it right yet, this is what's really happening:

the REQ team is shorting ETH (they are not going long, they are predicting ETH is going to drop in price).

why would they do this? because they are going to use the DAI to market buy $1.5 million worth of REQ to pump the price up.

why would they do this? once REQ is pumped, people are going to sell their REQ. what are they going to sell it for? ETH. this causes the price of ETH to go down even more.

once ETH is crashed because of this, they will have made a ton of money on their position.

today's literally your last day to buy into REQ before the last pump it ever gets