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/biz/ - Business & Finance

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19796501 No.19796501 [Reply] [Original]

COMP is up almost 2x to $167 today

why is there no thread about this

You can earn comp by just parking USDT in compound.finance... use the calculator (http://www.predictions.exchange/compound)), supplying $3000 usdt would net you 10 COMP + $350 interest per year

Even if comp drops in value this is amazing, that's 60%/year return at the current rate

>> No.19796684

these dwellers want to speculate on shitcoins instead of doing literally any research

>> No.19796724
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19796724

>>19796501
>>bought the fucking COMP dip 2 days ago at $60. Held it for almost 2 fucking days! Watch it for literally 16 hours straight as it barely fluctuates 2-3% at a time despite the high volume. See that it's already at 600M Mcap. Sell for a 3% profit after putting in 4 ETH. Wake up today to see it has more than doubled in price and I missed out on 6ETH profit from selling the bottom.

FML. Meanwhile, I have held VIDT for the better part of 6 fucking months while it bleeds and never gets into Binance. I am godfucking cursed I tell ya.

>> No.19796737

Selling my initial now. The rest is free riding now.

>> No.19796771

i knew lend was the next link/eth/btc :)

>> No.19796861
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19796861

>>19796501
Don't talk about it. Just acquire.
We are in smart money territory unironically.
Shill to the public as much as possible after you load your bags.

>> No.19796917

>>19796861
this is unironically a contender for top 3 --

its not a currency - doesn't have an upper bound like bitcoin
its not a layer 1 chain - nobody gives a shit how many transactions it can do
its a financial market - competing with banks - that can easily become as large as a real life bank thats worth 50b+

this is top tier chad in every way

>> No.19796972

>>19796917
COMP is basically like holding stock in compound.finance. they're releasing control over the protocol and leaving all votes up to comp holders.

Wells Fargo has a market cap of $117B, how much is a decentralized community-owned equivalent worth?

>> No.19797345

>>19796972

COMP can easy be $5000-10,000 in a few years

no bank has EVER had the growth rate of Compound and they publicly talk about taking on the entire banking system

>> No.19797449

Too expensive

>> No.19797471
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19797471

>>19797449
found the pajeet

>> No.19797730

Why are USDT rates so high?

USDC comparatively is so low.

>> No.19798053

>>19797730
I think it's kind of a negative feedback loop that compound created. you get more COMP the higher the rate is, so people are incentivized to borrow USDT since it has the highest rate, which drives up the rate even more

>> No.19798094

DMG will break CMC
compound was just a test, now imagine what DMM will do in a week anon...........

>> No.19798159

>>19797730
borrowing usdt to get comp is very very good