/biz/ - Business & Finance

[Anonymous No.20674375]

For the next 59 days Ampleforth will continue stealing market share from bitcoin, ethereum, and every shitcoin under the sun.

[Anonymous No.20674392]

>>20674375
probably true, except it wont steal market share from CAP

>>20672968
>>20672968

[Anonymous No.20674424]

Surprised it didn't dump below $2 after the last rebase

[Anonymous No.20674451]

>>20674424
I spent all of yesterday warning swingers not to do it on the first day of a cycle. Report in with your losses. You gained a valuable lesson the lot of you

[Anonymous No.20675044]

bump

[Anonymous No.20675046]

>>20674451
you mean market cycle?

[Anonymous No.20675079]

>>20674392
Shut the fuck up faggot

[Anonymous No.20675154]

>>20674424
This thing is gonna run past ATH in actual price again desu

[Anonymous No.20675155]

>>20675046
No we have a weekly whale cycle in ampleforth. It takes approx 7-10 days to create whales that cash out and dump the price. Each time it dumps less and less because the market cap also grows symmetrically.

[Anonymous No.20675168]

>>20675155
based time stamp anon

[Anonymous No.20675176]

i bought 0.01% for $10k and sold for $12k lmao

[Anonymous No.20675188]

>>20675155
This is what makes Ampleforth based and the eventual G.O.A.T. stablecoin

[Anonymous No.20675220]

>>20675155
how many more days till the party will be over do you think?

[Anonymous No.20675228]

>>20675188
Exactly. We're gonna be the boomers that "remember when Ampleforth was over a dollar and all the wild gains we made!" whilst zoomers will grow up into a world where Amplfeforth is a decentralized stablecoin that can't be moved.

[Anonymous No.20675255]

sweet vishnu we're pumping

[Anonymous No.20675296]

>>20675220
If you're referring to the short term party per my whale thesis, that depends on the price. It's the one and only time to pay attention to the price of ampleforth versus the market cap. Historically, albeit limited, it's been at $3.50 when the whales start feeling like they need to take the money and run. Imagine 3.5x'ing your entire stack in a few hours. This time around I can sense a storm brewing. We're going to see AMPL reach numbers like $5, $7, $10+ before the dust actually settles down in a year or so. That said, the overall festival, if you will, will last as i've said a lot longer than one week. I've got screenshots of the desperate fudders calling the top on this ponzi at 90M and here we are today. It won't actually stop until it's positioned under ethereum on coin market cap. The non believers will have to see it to believe it, meanwhile, big brain anons are buying as much as they can and holding.

[Anonymous No.20675540]

>>20675296
So your strategy is selling at around $3-3.50 and buying back lower and repeat. Or should I just hodl my 1000 AMPL for the next 60 days or so?

[Anonymous No.20675545]

Bump

[Anonymous No.20675589]

>>20675540
Too erratic to swing AMPL. Would be like catching some frightened wild animal.

[Anonymous No.20675675]

>>20675540
To expand on what the other anon is saying, let me explain it to you like this. Unless you plan on selling DAY OF the price of this coin doesn't actually matter.

Why? Because rebase percentage is calculated by the DAILY price of AMPL, not what it is right before rebase. You're still getting 10% on your stack, and as soon as it rises in value again day to day you'll 2-3x your stack at that point and can sell if you want to. OR you can wait 3-5 months for positive rebases and until this coin reaches closer to $1 and understand the implications of this as a long term investment.

[Anonymous No.20675702]

>>20675675
so... what are the implications of this as a long term investment?

[Anonymous No.20675719]

>>20675702
The implications are fucking huge dude. #3 possibly

[Anonymous No.20675728]

>>20675176
I bought 0.01% last week at $10k also and am now up almost 20k.

>>20675702
The coin is supposed to be $1. As long as its above $1.06 you will have a positive rebase. Look at the price of it now. People have it in their minds that AMPL's buyin price is $1.6-2 which it drops to EVERY SINGLE FUCKING DAY which is why this coin is doing gangbusters in volume and MCAP increase.

[Anonymous No.20675958]

Don't see how this is sustainable. 90% of people buying have no idea what it does other than "rebase go brrrr." The next proper dump is going to be epic. LOTS of holders are in HUGE gains and everyone wanting to protect profits at the same time is going to be a disaster.

[Anonymous No.20675984]

>>20675958
>he said the same thing again for the 20th time

[Anonymous No.20676029]

>>20675984
I've had a bag since the original geyser, anon. But it's hard to see where the entire crypto space decided this was the next Bitcoin. There are only 14k holders or so, that's nothing for an mcap like this.

[Anonymous No.20676057]

>>20676029
>There are only 14k holders
most people hold it on exchanges

[Anonymous No.20676073]

>>20675958
I want to believe cause I'm balls deep in ampl. But something (me actually making money) is off. I'm gonna get rekt like I always do I just know it

[Anonymous No.20676176]

>>20676057
Even double that is still not that significant. Then you get threads from friendly whales telling you, oh don't worry, it's too big to dump now, just le hodl. Yeah right.

[Anonymous No.20676204]

i literally do not understand
it's just printing money?

[Anonymous No.20676233]

>>20675296
>We're going to see AMPL reach numbers like $5, $7, $10+ before the dust actually settles down
if AMPL ever hits $5 i will livestream me eating my cats shit

[Anonymous No.20676352]

>>20675958
Only have 2,2k amples left just to be sure I don't fomo (still am little bit). The rest of my amples I turned into 25 ETH for next week (ETH 2.0) and just to be sure I survive the crash if it will happen. Everyone is making money this is not realistic. Al though the algorithm is solid the way it grows in MC each day is not healthy.

[Anonymous No.20676378]

>>20676233
I will livestream how I jump of my roof

[Anonymous No.20676418]

>>20676176
>Even double that is still not that significant
make it at least 10x

>I'm gonna get rekt like I always do I just know it
literally and unironically ngmi

[Anonymous No.20676475]

>>20676176
>>20676418
You know this is a huge problem IMHO. How can something be decentralized if we don't even know how many holders they are. Exchanges should share this info

[Anonymous No.20676500]

>>20676475
>Exchanges should share this info
not really, if people want to use a centralized exchange there's nothing you can do about it

[Anonymous No.20676530]

>>20676500
True, but the number of wallets will be really nice to have as indicator if this is a healthy growth or not

[Anonymous No.20676546]

>>20675719
You mean the AMPLifications?

[Anonymous No.20676585]

>>20676057
lol

[Anonymous No.20676599]

>>20676418
I've taken close to 500 eth profit and still have plenty in, I cannot get rekt unless ether goes to zero. I'm just weary, because it's literally too good to be true.

[Anonymous No.20676600]

>>20676530
nothing right now is a healthy growth with 10-500x´s

[Anonymous No.20676616]

>>20676599
just place a hard stop a 1.10, duh

[Anonymous No.20676658]

>>20676204
No. AMPL undergoes "rebase" every 24 hours at the same time where they cut a percentage of the average price of AMPL throughout the day and reimburse you with a proportional amount of AMPL to make up for this.

Example: I have 100 AMPL worth $110, there is a 10% rebase that occurs. I now have 110 AMPL worth $110. Price per AMPL decreases, total number of AMPL increases.

[Anonymous No.20676678]

>>20676204
everything in this space is printing money. its just money on paper though until you cash it out actually.

[Anonymous No.20676694]

this rebase is going to be so fat

[Anonymous No.20676828]

Just coming in to warn you guys

I just bought in today and since I literally have negative luck in crypto, this means that this is going to fall apart in a few days.
Save whatever you can, don't say I didn't warn you.

Sorry :(

[Anonymous No.20676839]

I dont think a 10% rebase every day is sustainable for 30 days. maybe for another week

[Anonymous No.20676841]

We rebase hard today!

[Anonymous No.20676843]

>>20676828
I've been in like 10 different threads over the last week with people saying the same thing and all they've done is gain. Have faith friend, bear the storm of any swings, and be rewarded beyond your expectations.

[Anonymous No.20676860]

>>20676828
Why would you ruin it for us fren?

[Anonymous No.20676873]

>>20676839
If price stays around $2.50 we'll get into 15% territory tonight.

[Anonymous No.20676879]

>>20674375
Why 59 days? What happens when the geyser is over with?

[Anonymous No.20676888]

AMPL whitepaper says it only asks 3 oracles for the dollar prices. Shouldn't it be way more than that?

[Anonymous No.20676917]

>>20676879
The team has said recently they will probably continue the geyser incentive (in some form or another) for an indeterminate amount of time. I don't know where the link to that is but I did read about it last night.

[Anonymous No.20676933]

>>20676879
they move on to the next geyser. there will def be sell pressure when the first one ends though.

[Anonymous No.20676962]

Can I assume that I will get *positive* rebases as long as the geyser incentive is active?

[Anonymous No.20676982]

>>20676888
Kek, they're actually working on their own solution that eventually wont require chainlink because chainlink requires a token for absolutely no reason.
>>20676917
Look up Brandon Isles recent interview on youtube, he did indeed say they'll continue even juicier incentives down the line. Until such time the MC is stabilized.

[Anonymous No.20677005]

>>20676982
That's actually really good to hear. If they can remove the middle men components AMPL will be king no matter what.

[Anonymous No.20677029]

>>20676982
>because chainlink requires a token for absolutely no reason.
the state of retards.

have you considered that there is absolutely 0 incentive for an oracle to report accurately if they have nothing to lose?

[Anonymous No.20677104]

>>20677029
I understand why it has a token, I'm just bullish on the idea of a more elegant solution coming to light that won't require a centralized authority along with its "token" to operate. I should have been more clear, I apologize.

Just like AMPL was born out of an a-ha moment when they realized stablecoins don't need to be backed by anything, controlled by anyone, or manually minted.

CL is the best we have atm and I'm fine with that. But some nerds are going to come up with a solution that won't require a token, and it's just a matter of time. It will still require leveraging incentives, though. Just like BTC abd AMPL.

[Anonymous No.20677157]

>>20677104
t. Retard. Chainlink is the only oracle that will ever be widely used and you can’t incentivize anything without payment ie token

[Anonymous No.20677165]

>>20677104
Realistically chainlink will probably be used en masses for many years to come because it is being integrated into so many projects (and even banks in Korea now). Its probably going to increase in worth which is why I hold it.

[Anonymous No.20677176]

>>20677104
agree to disagree, the fact that chainlink has a token makes it one of the most robust and long term viable solutions to ever exist.

collateralized nodes are not only incentivized to behave honestly to receive payment today, but also to avoid getting LINK slashed, but ALSO to build reputation in hopes of longevity for their node and as the value of LINK increases, every single node has more collateral and can accept more jobs
its an infinite feedback cycle where nodes want higher LINK prices for more jobs
and customers want higher LINK prices so that nodes have more collateral and are even more incentivized to not report false data

[Anonymous No.20677203]

>>20677176
literally every single person in the LINK ecosystem benefits from LINK being more valuable, it makes the entire network more reliable and secure.
without a token, you lose out on nodes having millions on the line if they act dishonestly.

[Anonymous No.20677294]

>>20677203
Does anyone have remotely an ETA on when staking is going to be possible with stinkies?

[Anonymous No.20677350]

>>20677294
im in the LinkPool telegram, and Mat Beale, a co founder of LinkPool told me a week or so ago that he believes chainlink could launch staking "today", but they don't because there isn't necessary demand for it yet.

he alluded to the idea that Sergey and team are waiting until there are people who /actually/ need nodes with collateral, to which I responded giving an example of Synthetix and Binary options needing collateral, and Mat said he agrees.
take it how you want, but the guy probably knows more than most of us about internal LINK operations

[Anonymous No.20677381]

>>20677350
I'm admittedly a smooth brain when it comes to crypto intricacies, I'm more interested in it as a currency than its operational value so I will take you completely at face value, for better or worse.

[Anonymous No.20677645]

Thread is starting to STINK

[Anonymous No.20677670]

>Lastly, we'll note that even when supply is volatile, AMPL can be used as a unit of account. Use in this regard would be major step forward for crytocurrencies, because it means the currency would have a real-exchange-rate (ie: 1 AMPL for 1 can of soda)
what did they mean by this?

[Anonymous No.20677963]

>>20677670
Remember the guy that spent like 10k in Bitcoin for a pizza? If you can get the same soda for 1 AMPL today, and 10 years from now get that same soda for 1 AMPL, it encourages use as a medium of exchange.
Maybe not right now since the market is still speculating and finding out what the market cap should be, but when it does it will create a coin with relative stability.

[Anonymous No.20678028]

there is so little info on the geyser/beehive and how it works with the rebase even if you know the formula for impermanent loss

it seems like the pilot geyser gives far better rewards, but the frontend is locked for new people now? but interaction with the smart contract must still be possible in theory? what's the advantage of the beehive v1 over the pilot geyser, i don't see it

[Anonymous No.20678039]

>>20677963
Hilarious. I paid 1 AMPL for a soda in 2020. If I had left that ampl in my wallet for one year I would have 1000 AMPLS.

[Anonymous No.20678065]

quick question - i'm trying to exchange some of my ethereum or chainlink for some ample. but ive only got ~120usd worth of link and 190usd worth of etherum. ive been trying to exchange using uniswap and the miners fees are just too much, so my wallet keeps rejecting it. how much more do i need to add to swap?

[Anonymous No.20678074]

This coin has rendered all stablecoins and governance tokens absolutely useless. It won. That’s all there is to it.

[Anonymous No.20678088]

>>20676828
just sold

[Anonymous No.20678130]

>>20676828
thanks sold 100k

[Anonymous No.20678166]

>>20677963
Are you retarded? If you use 1 AMPL today, and price/demand rises drastically over the next year, you could've had 100 AMPL.

>but that wouldn't happen once the market cap is big enough

IDIOT, that's the same exact argument people made (make) for BTC and every other BTC-wannabe. No problem is being solved here. If people could enrich themselves by just holding USD, the industrial revolution would've died on the spot. Crypto has and always will be about discretion, large-money purchases, grey market, and nationless economics. Stop trying to make it fit within an old paradigm.

[Anonymous No.20678190]

>>20675589
>Would be like catching some frightened wild animal.
or a woman

[Anonymous No.20678256]

>>20675702
>what are the implications of this as a long term investment?
what are the implications of lead poisoning on long term cognitive abilities?

[Anonymous No.20678337]

>>20678166
You wouldn't agree to a subscription or contract that was in btc because btc can change from 7k usd to 14k usd

1 ampl will always be roughly a dollar

[Anonymous No.20678362]

>>20678039
>>20678166
Yes, right NOW is the speculative phase, no argument there. It needs a large market cap to have stability, and if that prices out fewer whales from owning a larger percent of market share, it's more evenly distributed and harder to manipulate. But keep telling yourself that it doesn't solve any problems in crypto.

[Anonymous No.20678597]

>>20678362
The simple algorithm adjusting supply is not going to help when some schizo /biz/raeli who bought in early and owns 1% of the market cap is able to continuously pump and dump the market. If you're going to counter that that's "not possible," explain in excessive detail, because nothing from its sub-20 page white paper would prevent a malicious actor from manipulating this market. If that's the case, it's failed as a stablecoin.

[Anonymous No.20678672]

>>20678597
Duuuude. It’s not going to be stable for a couple of years. It’s gotta achieve an mcap equal to or way larger than tether at least

[Anonymous No.20678726]

>>20678672
It's never going to be stable because everyone's share is fixed. A whale today will always be a whale. Same problem BTC has. Same problem with any currency that doesn't naturally inflate and push out fatfucks who just sit on their hands without putting their capital to work. BTC only gets a pass because, ironically, people believe it has intrinsic value, similar to fiat.

[Anonymous No.20678792]

>>20678597
To manipulate the market and still be able to come out with greater market share without losing money once is difficult enough. To do so "continuously" and corner the market is another entirely, and for what? To get 1.05% share? This coin rewards holders, not swingers.

[Anonymous No.20678857]

>>20675728
0.001

[Anonymous No.20678875]

>>20678857
You are correct, I meant 0.001% kek

[Anonymous No.20678878]

>>20678726
You know there are whales with USD as well... right? Oh the absolute state I love it.

[Anonymous No.20678954]

>>20678597
It's not a given that anyone will be able to buy it all back after dumping especially something as huge as 1%

The fucking glory of this coin is that whales and baglets like you have to share thier pumps equally will all holders

[Anonymous No.20678993]

>>20678597
Everytime you dump AMPL you give up a part of your market share. Its important for the ecosystem for whales to dump some of their earnings or growth stagnates.

[Anonymous No.20679035]

Here's a question for people wondering whats going to happen here. We will eventually hit a MCAP in the near future that is rejected, maybe not today, maybe not tomorrow, but what happens when we do? Here's a hint: whales dump here because if they don't growth can completely stagnate.

[Anonymous No.20679090]

AMPL ANIMAL RANKING TIER [% OF MARKET CAP]
--------------------------------------------------
0.1% - APEX AMPLER - THE HUMPBACK HONCHO
0.075% - SACRED SALTWATER CROC
0.05% - OTHERWORLDLY ORCA
0.03% - SHAKESPEREAN SILVERBACK GORILLA
0.02% - WISE WHITE TIGER
0.01% - RABID RHINOCEROS
0.0075% - HUMBLE HAMMERHEAD
0.005% - WORTHY WOLF
0.003% - BRAWNY BARRACUDA
0.002% - BASHFUL BARN OWL
0.001% - AMAZIN' ANACONDA
0.00075% - WICKED WOLVERINE
0.0005% - MIGHTY MUSKRAT
0.00025% - KEEN CHAMELEON
0.0001% - GREEDY GRASSHOPPER
0.00005% - AMPLE ANT
0.00001% - FUNKY PHYTOPLANKTON

[Anonymous No.20679121]

>>20679035
Ah yes the infamous boogeyman. Anyone ITT won’t be around long enough to see this happen. We will be millionaires long before then.

[Anonymous No.20679126]

>>20678726
doesnt it naturally inflate though? I thought the geyser remained permanent at like 5% yield to ensure liquidity

[Anonymous No.20679158]

>>20678993

Exactly, it incentivises whales to redistribute thier share at a profit but still treats all holders equally.

>>20678726

The fat fucks are the central banks and crony psuedo capitalists who pretend to create value but are simply positioned closer to the money printers than everyone else. Ample solves the rent seeker problem by making everyone a rent seeker.

[Anonymous No.20679173]

>>20679090
Forgot the rhino lmao

[Anonymous No.20679175]

>>20679121
The point isn't to project a boogeyman, just be ready for it and bear the storm. I believe their sales will be bought up but I'm just trying my damndest to prepare people for the inevitable.

[Anonymous No.20679203]

>>20674375
It's not eating market share, it's inflating.

[Anonymous No.20679319]

>>20676204

[Anonymous No.20679654]

>>20678028

My understanding, geyser (eth 50/ampl50) was to spread gains and loses. People were getting better returns from holding ampl as eth was stagnent. Beehive (eth 25%/ beehive 25%/ ampl 50%) was implemented to weigh more heavily on ampl.

[Anonymous No.20679742]

>>20679035
No, at this point there will be tons of ways to make interest on AMPL through things like Compound, Maker, etc etc the list goes on lol

[Anonymous No.20679783]

>>20679742
I just meant in the short term. Like I said, I am preparing people for turbulence. I believe AMPL already has plans to integrate into COMP and is being looked at for MKR in the future. MKR is apprehensive due to the volatility of AMPL at this point but when we exit mcap discovery phase (whenever that is) AMPL will almost certainly get picked up by projects like that.

[Anonymous No.20679817]

Can I just buy in at the last minute to get the rebase rewards and then cash out? and do this ad infinitum? get in get out?

[Anonymous No.20679860]

>>20679654
to me it looks like uniswap is always 50/50 and both were just incentives to "stake" the uniswap-weth-ampl tokens you receive

also looks like the geyser gave better rewards which were too good for this unexpected amount of new people fomoing in, so they hid the geyser frontend (or updated the smart contract and neutered it? not sure?) and advertised the beehive with worse rewards? dont know

[Anonymous No.20679877]

Never swing trade with AMPL. If you do they will keep you down. X3 is coming when we surpass top 20

[Anonymous No.20679878]

>>20675188
I sold my AMPL for RSR can I kms? I want to buy back in but idk if its too late. How high will the market cap be? Will it go beyond 100 billion?

[Anonymous No.20679893]

>>20679817
Think about it like this. You see how AMPL is 2.50 each? Imagine you had a 15% rebase and got lets say from 100 to 115 AMPL and the price reaches 2.50 again. Would you have made more money the former or the latter?

[Anonymous No.20680010]

>>20679877
Checked. I only have 311 AMPL. I feel so fucking poor. When should I sell? I think the elastic supply protocol is an amazing use case that will allow AMPL to one day surpass BTC.

[Anonymous No.20680011]

>>20679860
the more i look into it the more i am convinced this is the case and nobody wants to talk about it. that's also why there is so little info on the whole beehive migration thing and the geyser in general

so early investors in the original geyser get far greater rewards and new investors don't get to see that frontend on purpose

[Anonymous No.20680053]

>>20679893
Aw so the rebase is equivalent to the price fluctuation?

[Anonymous No.20680074]

>>20680053
Rebase is based on the daily price average. The most important thing if you're trying to buy in day of is getting AMPL for as low of a price as you can, but making absolutely certain you get in before rebase.

[Anonymous No.20680115]

BTC is the fucking boomer of crypto.
A L L
H A I L
A M P L E F O R C E

[Anonymous No.20680786]

It's 76 days, brainlet. Simply go open the geyser and see for yourself.