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/biz/ - Business & Finance

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14058789 No.14058789 [Reply] [Original]

Is biz aware of this erc20 token? Its usp is that 1% of any transactions gets burned. Obviously its litarally nothing but hot air but it seems to rise and gain some momentum.

>> No.14058813

>>14058789
already $5 from 20 cents .... it will be nice looking at you guys from the moon

>> No.14058839

>>14058813
Can go back to zero any second, though.

>> No.14058852

It's a flat out ponzi. No one here probably remembers ethermon from 2017

Once it gets really expensive, it's impossible to offload your bags because no one wants to pay that much. ESPECIALLY when there's 100k volume and the last trade on the top exchange was 30-40 minutes ago.


Cool idea, but too risky even for $100 which I wipe my crypto cheeks with

>> No.14058875 [DELETED] 

>>14058852
nah not planning to hodl long on this. as you said about liquidating.. im worried about it. so im existing on x2-x3

>> No.14058937 [DELETED] 

>>14058875
*exiting on x2-x3 of my investment

>> No.14058984

>>14058852
Well obviously it is. Last person holding is the biggest fool. The clue is to find the right moment to offload. I feel that moment has not come yet as not many people are aware of it yet.

>> No.14059007

>>14058984
agree. supply is still high. and its just taking off

>> No.14059454

Its still so early. With the deflationary mechanism, the supply so low, and the community is nuts getting tattoos of the Bomb logo, i was forced to grab a stack for suicide insurance in case this shit goes viral.

>> No.14059550

Whats a realistic price target for this one?

1% is burned at any transaction and there are no decimals and its rounded up. That means if you buy 2, transfer it to your wallet or whatever, youre fucked as any transfer to an exchange to cash out would destroy you little token. So at minimum it only makes sense to buy as much as possible. More that a hundred id say. With that in mind i cannot see the price go up to 1k or even 100. It will run out of buyers.

>> No.14059668

>>14059550
A lot of people will probably sell all at 10-20 bucks

>> No.14059733

$100k volume? I guess if you want to gamble with your lunch money go for it.

>> No.14059756

>>14059668
I think you mean $100? No one is selling.