/biz/ - Business & Finance

[Anonymous No.15064129]

Who got that RSR?

Don’t believe the fud guys, RSR is the most legit project ever shilled on /biz/ and it’s a completely asymmetrical guaranteed gains.

The team has been quietly working instead of pajeet shilling and only +150 iq will understand the value of RSR.

It’s just a matter of time before the app launches in multiple countries and gets mass adoption from people that need it the most.

>inb4 racist statement

Yes, I understand that some of these countries are full of Blacks/Hispanics because they tend to be lower iq and we don’t want to subsidize their bad choices by giving them freebies but we need to realize that we cannot let people suffer just because they’re not as fortunate or intelligent as us.

We can also profit from their bad choices and help subvert their corrupt governments that facilitated the decline through wars, socialism and vote buying.

>not saying this to be mean spirited or racist; it’s just facts

RSV is coming, I know it may seem like it’s not going as planned and most of us are down 15-30% but hodl strong and we will come out on top!

And again DO NOT BELIEVE THE FUD!

[Anonymous No.15064270]

[Anonymous No.15064296]

BITCH i got that RSR

[Anonymous No.15064326]

I demand my rights.
RESERVE RIGHTS BITCH

[Anonymous No.15064366]

if I wasn’t so bullish on this thing I would fud so I could accumulate but looks like people already doing it for me haha weak hands won’t make it boys

[Anonymous No.15064381]

>>15064129
your graphic designer isn't that bad. How can I hire you guys to shill Oto cash with me? Really need some help pumping my bags.

OH WAIT OTO CASH Literally shills itself

[Anonymous No.15064471]

>>15064366
A lot of the fudders forget some of us have been through all of this before with link. I've been holding that since ICO through all the fud, and my iron hands are well-exercised.
Even the fud is the same. People called Sergey a failed philosophy grad, they are calling Nevin a beta cuck. The claimed link would never launch, they claim RSV will never launch. It's all so transparent to anyone who's been in this game longer than a month.
I've already got a fat stack of RSR because I have a well-paying job. If i was poor maybe it would be worth my while fudding this, but fortunately I'm at a point in my life where i have more profitable things to do than try and get a 0.05% discount by fudding.

[Anonymous No.15064568]

>>15064471
>Even the fud is the same
>It's all so transparent to anyone who's been in this game longer than a month
It's true, I used to fall for the fud too. But after seeing it used on solid projects that I knew inside out, I realized you can't trust the fud.

[Anonymous No.15064606]

>>15064129
BAAAAAAAAAASSEEEDDDDDD!

[Anonymous No.15064729]

I think the best strategy is to stay aware of the fudding efforts because once you’re in the know then it shouldn’t affect you. I’m all in on RSR and going to get more soon. Just let them fud and look like fools because there’s going to be some big news in the next few days/weeks. They’re getting another round of AMA ready via the telegram and I’m sure they can sense people want to see a bit more, but they can’t come out too soon or they will risk preemptive Government pushback which might hurt the launch of RSV.

Just look at what’s happening with Libra. Now imagine it’s in a 3rd world ran by strongmen and dictators. The best thing the team has going for them is that everyone is talking about Kikebook and that boomers and low iq bus drivers have no idea what makes crypto so appealing. They’re blissfully unaware of the complete shitshow that’s about to reign down on their tiny world when crypto is mass adopted by normies.

I won’t get too detailed here because I’m a naturally cautious person and don’t want to raise any flags but RSR along with other crypto currencies will change the world as we know it. RSR holders are literally the new elites and they don’t even know it yet.

[Anonymous No.15064750]

>>15064129
just one point: Libra is likely to get killed before it's actual launch.
Since Reserve has similar tech & concept, you know which could take it's place once we get on the road.

[Anonymous No.15064766]

>>15064750
Exactly, I also don’t think this was a coincidence.

[Anonymous No.15064782]

RSR is the real making it coin. even brainlets can profit buying it because its states its sell of price (10$) in its whitepaper. its fucking stablecoin the LEAST price it have to reach have to be 1 dollar. this is easiest gain you will ever get anons

[Anonymous No.15064803]

>>15064766
biz doesn't deserve this desu

[Anonymous No.15064814]

>>15064782
It's a long term hold tho right?
2-3 years or so

[Anonymous No.15064871]

>>15064782
I thought this too when I first read the whitepapers but after looking at it a bit more I realized that they’re being conservative. They won’t normally speculate on price, and so the way I understood it was that they expect that’s when they will need to replenish the vault assets IF they depreciate. I won’t say what price I think it will actually hit because it will be misinterpreted as FUD but if there’s mass adoption the way I’m predicting based on the available evidence (team, plan, investors, market, supply, demand, utility, accessibility, effectiveness of the protocol), this is probably the profitable investment of our lifetime. Even holding 1-2k RSR is insane, which is why I decided to make this thread to give some warning.

It’s okay to want to accumulate, but it would be a shame if people sold their bags for fractions of their worth just because some NEET basement dweller wanted to be a douche. Everyone on /biz/ can make it with this, we will be the elites and we won’t fuck it up like (((them))).

[Anonymous No.15064917]

>>15064871
please fud me with your price prediction

[Anonymous No.15065410]

>>15064917
I’ll preface this by stating that I’m not here to FUD and you shouldn’t base any decisions on this.

Anyway, there are 1.9m people in the city of Caracas, Venezuela where the first official launch will take place.

Another 29m in Angola where they’ve already secured a contract with a major phone manufacturer to have their app on their phones since they still use dumb phones there and have to have pre-installed apps.

These are the first two major plays by the Reserve team. We’re talking billions of RSV being used by millions of people possibly as early as the end of Q1 2020 if there’s mass adoption.

They’re going to give monetary incentives for sharing and using the app and already have boots on the ground getting businesses to accept payment in RSV. It sells itself if you’re a business owner; you get an app that directly deposits dollars into your foreign Bank Account with minimal fees (~.001 usd) almost instantly completely bypassing exchange fees and long wire transfers. All they need is the app and a way for customers to know they accept payment, they (the business) could also shill the app since it’s going to benefit them and the customer in the long run.

With that said, if you understand how RSR is meant to work, and you know that it’s going to be burned at a higher rate than it will ever be minted since it requires depreciation of assets this coin can easily reach $200-300 within the next 2-5 years. Most people will start to arbitrage at the $2-3 range due to FOMO and fud, but those that hold long-term will really start to see profits after the $20-30 range but it will keep climbing because more and more will arbitrage which will continue to reduce the supply.

The longer you hold the more you can make until it reaches peak adoption rate, peak adoption rate can take anywhere from 3 to 10 years, but it’s likely going to be sooner once normies find out through social media that RSV is saving people from hyper inflation.

[Anonymous No.15065538]

>>15065410
>Anyway, there are 1.9m people in the city of Caracas, Venezuela where the first official launch will take place.
>Another 29m in Angola where they’ve already secured a contract with a major phone manufacturer to have their app on their phones since they still use dumb phones there and have to have pre-installed apps.
>These are the first two major plays by the Reserve team. We’re talking billions of RSV being used by millions of people possibly as early as the end of Q1 2020 if there’s mass adoption.
>They’re going to give monetary incentives for sharing and using the app and already have boots on the ground getting businesses to accept payment in RSV. It sells itself if you’re a business owner; you get an app that directly deposits dollars into your foreign Bank Account with minimal fees (~.001 usd) almost instantly completely bypassing exchange fees and long wire transfers. All they need is the app and a way for customers to know they accept payment, they (the business) could also shill the app since it’s going to benefit them and the customer in the long run.
>With that said, if you understand how RSR is meant to work, and you know that it’s going to be burned at a higher rate than it will ever be minted since it requires depreciation of assets this coin can easily reach $200-300 within the next 2-5 years. Most people will start to arbitrage at the $2-3 range due to FOMO and fud, but those that hold long-term will really start to see profits after the $20-30 range but it will keep climbing because more and more will arbitrage which will continue to reduce the supply.
>The longer you hold the more you can make until it reaches peak adoption rate, peak adoption rate can take anywhere from 3 to 10 years, but it’s likely going to be sooner once normies find out through social media that RSV is saving people from hyper inflation.
based

[Anonymous No.15065564]

When is your guess for the next pump? I'm thinking 3 weeks.

[Anonymous No.15065580]

>>15065410

how would Libra launch (if successful) affect adoption?

[Anonymous No.15065585]

>>15065410
If the trials fail, then the project is dead. This is what I'm worried about, we may not even get an initial pump off the hype.

[Anonymous No.15065724]

>>15065585
Nahh. Why so do or die with this but not for any other crypto project?

[Anonymous No.15065788]

>>15065724
I went all in on my remaining eth because the project makes sense in theory and has a good team. But that doesn't guarantee sucess in crypto

[Anonymous No.15065812]

if only you knew how bad things really are

[Anonymous No.15065819]

>>15065812
If only you knew how dad things really are

[Anonymous No.15065850]

>>15064129
I'm a new friend here and I want to make it by buying RSR.
Can you guys tell me what wallet I should use to hodl ? Thank you very much !

[Anonymous No.15065919]

>>15065850
I like MetaMask

[Anonymous No.15065940]

>>15065580
It's all about timing. People hate to change once they've gotten used to something that works well and that they trust. If RSV can get there first and lock in early adopters and spread organically and gain trust with their user base, then it will become the new gold standard. I don't see Zuck pushing Libra too hard either because everyone knows it was just another jab at his rivals and not actually something he cares about, which is why they came out recently telling investors that they couldn't guarantee that Libra wouldn't die. That's almost the same as saying, it's done, pack it up, but it's hard to know with these things. If they still want to do something with a stablecoin I'm sure there's a billionaire out there that could facilitate a meeting.

>>15065585
I share that concern as well, it's hard to know what's going on internally with marketing since they're trying to stay under the radar as long as possible but it also wouldn't surprise me if they're in the final stages of development where they go all in for crunch time. They've let it slip that there's some announcements around the corner but that can mean anything from a few days or a few weeks depending on their progress.

I also want to see the initial pumps because I want to see that the project is successful right away, but I'm not in it for the super short term hype because I know what this can mean for mass crypto adoption. If crypto can solve a real world problem like hyper inflation, then everyone will be making gains off the good publicity alone. If the pump's correlate with the hype we'll see some crazy pumps and dumps so if you're about that you can probably risk some of your RSR to get some of that easy money. I don't want to gamble on this one. I'm just going to hold. I'm still trying to figure out where I would take profits.

[Anonymous No.15065993]

>>15065940
I think I agree. Because its high risk, high reward I won't look to take profit for a while. If we get through the next 6-9 months this could fly.

[Anonymous No.15066145]

>>15064326
Pretty based desu

[Anonymous No.15067085]

this is what im talking about, a thread full of realistic concerns and plenty of hope and pragmatism, not threads full of weak fud.

[Anonymous No.15067170]

>>15065940
Mark my words, Angolan niggers will make this coin fly

[Anonymous No.15067472]

>>15065564
Probably not until after the next big announcement regarding the launch.

[Anonymous No.15067510]

>>15064129
Is It on Binance?

[Anonymous No.15067598]

>>15067510
Not yet, it's only on Huobi Global, Hotbit and for us burgers we have to use Idex.

[Anonymous No.15067624]

>>15064129
getting desperate you might get fired, Discord group?

buy RFR.

[Anonymous No.15067924]

>>15067624
Hi RFR fag, looks like your year and a half token is dead. Are you fren of the Ethplode fag that also spams here?

[Anonymous No.15068122]

[Anonymous No.15068287]

>>15064782
I unironically cashed out my 401K to go all into this. It either goes to 0 or $10. The stablecoin is designed for a $10 RSR. It really is this easy.

[Anonymous No.15068458]

>>15068122
Yikes, I all bit this bait thanks

[Anonymous No.15068481]

>>15068122
We know. Are you interested to learn why we are still so comfy despite the large supply shown on CMC?

[Anonymous No.15068740]

FUD is starting to get to me

luckily I won't sell because I'm not transferring my rsr back to either the chink scam exchange or the burger cucked dex

[Anonymous No.15068837]

>he believes rsr will reach $10 and get a trillion market cap
listen to yourself

[Anonymous No.15068850]

>>15068740
I dont know man, whike the team is silent (exactky the same as link was, mind you) more and more pieces fit.

[Anonymous No.15068883]

>>15068740
>FUD is starting to get to me
Why? It's irritating but surely you don't actually believe any of it? It's just one guy, PresaleCuck, who writes the majority of the fud. 10+ posts on every thread with a story that gets less and less believable each time.

[Anonymous No.15069121]

>>15068837
>FUDs RSR without understanding its tokenomics

[Anonymous No.15069216]

How much RSR is needed to make it?

[Anonymous No.15069275]

>>15069216
Some say 1-2m others say 200-500k but it all depends on how long you’re willing to hold. If my suspicions about the price and how it’s all going to work and adoption rate are correct then even 2-3k is enough to have insane profits but try for 100k+ if you can.

[Anonymous No.15069629]

>>15067170
The Angola thing is going to reach 1mil phones max
How many of those do you think are actually going to use this app to handle their transactions? How many Angolan farmers do you think will trade their wares for something they can't see/touch and don't understand?

[Anonymous No.15069640]

>>15065410
>mass adoption in a major city by Q1 2020

it will take much longer than that

[Anonymous No.15069657]

>>15065410
can you post a link proving there's a relationship to the phone manufacturer?

[Anonymous No.15069664]

I’m holding around a million rsr.

I think it’s a long term hold, besides the Peter Thiel connection and the deals with the mobile phone providers there seems to have been a lot of thought as to how this would work in practice.

Why the Coinbase connection? Because users will be able to buy rsv on their mobile with their native fiat currency on Coinbase and use the app to spend it. I would be suprised if this takes off if there isn’t a closer connection. As in you buy directly from Coinbase in the rsv app.

[Anonymous No.15069682]

>>15069629
I guess they’ve never heard of a bank.

[Anonymous No.15069731]

>>15069657
Here you go anon.

https://medium.com/reserve-currency/reserve-finds-a-staunch-ally-in-7mobile-ceo-alex-thomson-payan-d63538030a5d

[Anonymous No.15069734]

>>15069629
You're an ignoramus. Crypto took off in distressed African economies earlier than almost anywhere.

[Anonymous No.15069771]

>>15069640
You’re probably right I’m just being bullish but I’m also getting ready for the unexpected. I wouldn’t sleep on this gem.

[Anonymous No.15069868]

>>15069734
I mean, I don’t blame him for being skeptical. Remember, some of the groups RSV will be helping have sub 80 iq populations but they’re not incapable of grasping the concept of stored value that will be the same tomorrow as it was yesterday. They’ve all been through this since the mid 90’s in Angola.

[Anonymous No.15070213]

Only 3 new accounts today. It's now long ass wait for the app to come out

Here's a read about RSR

https://hackernoon.com/a-comprehensive-guide-to-decentralized-stablecoins-22f66553c807

[Anonymous No.15070689]

>>15068481
Yes

[Anonymous No.15070785]

>>15065410
Didn't the whitepaper say it can only reach $10 max.

[Anonymous No.15070916]

How much will this realistically be worth at EOY 2020?

[Anonymous No.15071246]

>>15070689
It is impossible for the team to dump on holders, like Sergey is doing right now.
>55.75% of total tokens are held by the foundation with a specialized lockup, and are stored in a smart contract referred to as the "slow wallet." Slow wallet tokens are locked, and can only be withdrawn with four-week delay visible on-chain including message from the team explaining the withdrawal. This mechanism was designed by the Reserve team to give the project the ability to release tokens for fundraising and other purposes, while allowing the market to price in that information well before any newly released tokens can be sold by the project.
>>15070785
$10 is the price point at which new RSR can be minted, but it doesn't necessarily mean it will be minted at that point:
>If the Vault level is significantly below the Vault
Target and the Reserve Rights token price is over $10, the Vault Manager refills the Vault by minting new Rights tokens and auctioning them for more Vault assets.
Anons, this one is a real gem. There are two ways to make it with RSR: buying and holding, and earning money with arbitrage once RSV is up and running.
If you buy a >1M stack now, you will have made it before this hits $10. Once it is near $10 you could use half of your RSV to start earning passive incoming through arb, and cash out the rest for real-world dividend-producing assets.
>>15070916
It's a long term hold, it might not really have blown up by then. I'm estimating at least in the $0.50 region with low adoption, $3 with decent adoption/awareness. It all depends on the burn rate - once that kicks in and people see it in action it will skyrocket. You need patience though, you won't get a 100x overnight.

[Anonymous No.15071266]

>>15071246
Fucked up the formatting but you get the idea
>If the Vault level is significantly below the Vault Target and the Reserve Rights token price is over $10, the Vault Manager refills the Vault by minting new Rights tokens and auctioning them for more Vault assets.