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/biz/ - Business & Finance


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19988891 No.19988891 [Reply] [Original]

Using price suppression to stabilize the price at 5c. You guys can’t even do that with the developers selling eth and buying back.

You bags holders can Dread It, Run From It, but Destiny Still Arrives

And just like that, snap, Statera is dead!

>> No.19988908

Man, this coin ravaged biz hard. Reminds me of Harmony, DeepBrain and DragonChain

>> No.19988923

>>19988891
It's funny to look at the cope general thread they have going on. The dev tried to revive the project by buying all sell orders on bamboo and people just used it as an exit pump. Get out while you still can. Get out of stonks too both of these are going to lose you a lot of money.

>> No.19988952

I know it was hard to understand at first but now the bigger picture is coming together.

Sta price is a gift on top of everything. Pool profits, take fees (and they're quite a lot..), get bal, put bal in second pool, get more bal and more fees in a neverending circle.

Keep a spare 100k STA on hand if it moons. You still don't get it.. It moons, it dumps, it's suppressed, as long as its traded I make money.

10k into the pool one month ago are now 15k for doing absolutely NOTHING.

>> No.19988967

>>19988952
Doesn't that seem ponzi ish to you?

>> No.19988983

>>19988908
>DeepBrain and DragonChain
Will take some time to reach the depths of these two. Looking forward to finding out if statera can compete with shitcoin royalty.

>> No.19988996
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19988996

>>19988891

>> No.19988999

>>19988967
Everything is a ponzi in crypto, if you wanna look at it like that. Even if STA price were to drop to 0, I would lose 20% of my total pool value because it's 5 assets. Or 3k, as it stands. Last month I made 5. Even if everyone removed their liquidity, mine would still be there. It doesn't lose value.

>> No.19989001

>>19988908
It reminds you of those other shit coins because it's the same group hopping from one shit coin to another.

>> No.19989110

>>19988891
Finally. I was so tired of seeing these infinity stones threads. My rule of thumb is it's an obvious scam if they're constantly trying to convince you to buy. Let this be a lesson, anons.

>> No.19989117

10% burned in a month. if that ain't comfy I don't know what is.

>> No.19989120

>>19988999
Good luck whilst the balancer sells all of your assets to buy a coin dropping to 0 or inevitably breaks when liquidity is rugged from underneath you.

>> No.19989161

>>19989110
It was an excellent pump and dump, a lot of people made serious money but it's time to move on. The project is failing and the devs have lied several times like saying it would be listed on kyber but then they backtracked on it yesterday in an AMA. It's on its last legs.

>> No.19989181

>>19989161
literally in the roadmap

>> No.19989182

>>19989120
The liquidity is coming from those who are making bank on bal tokens and the pool you fudding noob. It's not gonna leave easily

>> No.19989204

>>19988967
You don't know the definition of ponzi.
>>19989161
>failing project
Therse nothing to fail. Its an index fund. Get fucking educated on Finance 101 before you come to my board.

>> No.19989213

>>19989120
You seem to not understand how lucrative balancer pools are right now with the whole DeFi bubble. Leaving your money in there is gonna grow no matter what. If everything in crypto dumps that's another story, but whatever.

>> No.19989223

>>19989120
You still don't realise just how good the incentive is for adding liquidity, do you?

>> No.19989296

>>19989204
>Therse nothing to fail. Its an index fund. Get fucking educated on Finance 101 before you come to my board.
>he thinks STA won't dump into the ground because it's an index fund
lol

>> No.19989513

>>19989296
Ah shit STA dumped to 0. Guess I just lost 20% of my investment. Yeah I don't know my investment risk profile, well done.

>> No.19989528

>>19988999
>Everything is a ponzi in crypto
no, everything is a ponzi on /biz/

>> No.19989537

Scotts 4.5 mill has become 3.8mil

Hmmmmmmmmmmmmm

>> No.19989555

>>19988999
>Even if STA price were to drop to 0, I would lose 20% of my total pool value because it's 5 assets
if STA dropped to zero, the balancer would dump the other assets to buy back STA to balance the price, which, at zero, means dumping ALL assets to buy a near infinite amount of STA...

>> No.19989635

>>19988999
>>19989513
So let's work this out real quick. Say tomorrow, STA drops to 0, and there is a million dollars in the pool.
real assets = 1,000,000
STA = 0
then, be balancer sells 20% of the real assets to buy STA in order to balance the price. But, since STA is 0
real assets = 800,000
STA = 0
so it repeats
real assets = 600,000
STA = 0

real assets = 400,000
STA = 0

real assets = 100,000
STA = 0

real assets = 20,000
STA = 0

real assets = 0
STA = 0

Ta da, the balancer made the assets equal in value just like it was designed to do

>> No.19989643
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19989643

>Meme coin Stonks already a better platform than STA because of lazy devs, no exchange, poor audit and toxic pump n dump community

2020 truly is a clown world kek

>> No.19989713
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19989713

>>19989513
You're going to find out real soon that the balancer will do what it's supposed to do and make all other assets 0.

>> No.19989739

>>19989537
He bought all sell orders on bamboo relay in an attempt to pump STA since he believes the price is too low.

>> No.19989747

>>19989635
You are retarded my friend.

>> No.19989807

Some people are just too low IQ to truly comprehend Statera, but when it does finally click in your little Chad brain it will be too late. Stay poor. I’m with STA

>> No.19989823

>>19988891
I AM COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPING SO HARD RIGHT NOW

>> No.19990075

>>19989807
>t. richard and mortimer fan
Enjoy your slow descent to zero.

>> No.19990182

>>19989747
this is literally the way the pool is hardcoded. if one of the asset prices drops to 0, they all do. it's virtually impossible fro this to happen in crypto however, so loosing 100% of the asset pool isn't likely. losing 95%? totally possible.

>> No.19990235
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19990235

>>19989713
>>19989713
>>19989713
IT HAPPENED LOOOOOOOOL

>> No.19990333

OH NONONONONONO HHAAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAAAHAHAHAHAHAHAHAHAHAHAAAHAHAHAHAHAHAHAHAHAAHHAAHHAHA

>> No.19990369

still in the green, not selling

>> No.19990390
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19990390

>>19990369
AHAHAAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>> No.19990453

>>19989635
Buddy how are you feeling now?

>> No.19990470

>>19989807
are you ok?

>> No.19990474
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19990474

>>19990453
This was obvious to anyone with a background in finance, or economics, or people who understand how fractions work. Buy Stacks when the public sale starts

>> No.19990536

>>19989807
>$0.17
R U OK??

>> No.19990718

>>19990369
How about now bud?

>> No.19991030

>>19989181
i have some snake oil to sell you, it will keep you alive forever, it's literally in the roadmap

>> No.19991335
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19991335

Ouch...

>> No.19991555

>>19989120
>>19989513
So are you still alive or did you neck?

>> No.19991881

Jesus fuck what the hell happened, just woke up to this

>> No.19991946

It seems a new scam every month. May was ghost. June Statera... What's going to be July?

>> No.19991954
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19991954

>>19990390
BAHAHAHAHAHAHAHAHAHHAAAHAHAHAHAHAHAHHAAAHAHAHAHAHAHAHHAAAHAHAHAH

>> No.19991972

And just like that *SNAP*

>> No.19992026

>>19989110
>>19989161
It wasn't a scam, the balance pool, which was a different project, got hacked

>> No.19992257
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19992257

When is scott reimbursing you guys?