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23828937 No.23828937 [Reply] [Original]

Is RSR the comfiest hold in crypto?

> tfw in the top 1000 wallets
> tfw thinking about how I will be able to live just off of arbitrage

>> No.23828950

Give me the redpill

>> No.23828957

>>23828937
can you explain arbitrage to a retard

>> No.23828990

>>23828957
you make small consistent profit with minimal risk

>> No.23829008

>>23828990
Mmmmmm

>> No.23829023

>>23828957
>>23828950
> RSV is trading at $1.02
> buy $10000 of RSR and redeem for 10000 RSV
> market sell RSV for $10200
> profit

>> No.23829052

>>23829023
But nobody has ever explained why RSV would trade above the peg

USDT only fluctuates by 0.001%

there won’t be an opportunity for arbitrage

>> No.23829165

>>23829052
tether isnt tied to a basket of other fluctuating assets to help stabilize the price like RSV. as the other basket assets move, RSV could move w/ it. redeeming RSR for RSV burns the RSR and reduces total supply. all of this will occur in the reserve app w/ no need to manually arbitrage

>> No.23829254
File: 335 KB, 1060x1049, 1604892046570.jpg [View same] [iqdb] [saucenao] [google]
23829254

>>23828937
Finna bout ta pump, my nigger!

>> No.23829319

>>23829165
But if RSV is redeemable for just $1 then why would it ever go above $1?

>> No.23829320

Arbitrage is just bait to get you to lock up your tokens while early investors dump on you. How is this any different than any staking token that drops off a cliff in price while your coins are all locked up?

>> No.23829343

>>23829319
If tether treasure doubled the amount of USD they have, USDT wouldn’t go to $2 because it’s still only redeemable for $1

>> No.23829587
File: 2.94 MB, 2001x1125, what backs RSV.png [View same] [iqdb] [saucenao] [google]
23829587

>>23829319
RSV is not going to be 1.25, it will be 1.01 or .99, just like all stable coins. these small fluctuations will lead to a steady income stream when youre app is automatically arbitraging those price dips for you. tl;dr -- supply and demand for RSV will cause small price moves that can be profitable over time

>> No.23829601

>>23829343
what keeps tether at $1? they keep printing more of it and they have never actually proven they have the cash to back the supply.

>> No.23830203

>>23829587
I don’t see a use case for a decentralized stable coin, sorry but it just seems sketchy

I’ll use libra instead, it’s actually backed by big banks

>> No.23830220

>>23829601
You can actually redeem tether for usd

Unless your an americuck

>> No.23830544

>>23829319
It will on other markets according to the principles of supply and demand. If a lot of RSV is bought on a market, it is axiomatic that the price increases in that market. The protocol then represents a "market" of its own, the price of which is backed in value by the protocol's maintenance of a number of stablecoins (temporarily fiat backed, later to go to crypto stables) which it receives and distributes in exchange for RSV at a rate of one USD per RSV. As the price of RSV moves away from the price offered by the protocol, traders increasingly find it profitable to interact with the protocol to make a profit from that difference (arbitrage). The supply of the backing relative to the RSV in existence is also managed by the protocol in an automated fashion, because the protocol mints and burns token and must therefore keep the ratio of the backing in stable proportion. It's basically robo-fed lite.

>> No.23830609

>>23830544
Hmm actually I realize I’m a brainlet now

I was gonna say the price of the USD doesn’t chance because of demand but it actually does, compared to other currencies. Thanks anon.

Still don’t see why normies will care if it’s decentralized though. They will just use Libra instead.

>> No.23830810

>>23830609
Fully decentralizing is a future proofing against threats to civilization and centralization in general.
The protocol is targeted to economically mismanaged countries as it stands, that's the primary source of adoption. Poors in Brazil swapping in because they can't trust anyone.

>> No.23830910

How high are we going tonight? I'm guessing $.017, then back to retest $.015 for a few days before we break $.02 this weekend.

>> No.23831091

>>23830910
Any specific reason or just following the market? As far as I'm aware the nearest development in the pipe is moving a bunch of people from their waiting list on to the app on the 30th.

>> No.23831156

>>23831091
I've just noticed that the RSR chart seems to like symmetry.

>> No.23831491

>>23831156
It is a giant middle finger painted by some bored super trillionaire.

>> No.23831978

>>23828937
Are you guys still pretending that you will be able to profit from this someday? Arb.. lol. do you retards understand any of this? I used to be like you.

>> No.23832244

>>23829320
>>23830203
>>23830220
>>23831978
Poorfags using recycled effortless FUD

>> No.23832621

>>23828937
RSR is not crypto newfag, its blockchain

>> No.23833416

>>23829254
What does finna mean? Everytime I see someone of African heritage say it on twitter I want to ask why they can’t talk normally, but then I realise I’d get banned.

>> No.23834089

>>23833416
Finna = I’m going to
Finna watch this video on the Rothschilds
https://m.youtube.com/watch?v=3wbIGFgxJd0

>> No.23834247

LOL fools living like apple slices think this coin will 100x and then they will be able to get passive income from arb chill out

>> No.23834327
File: 137 KB, 1649x1002, 20200828_131548.png [View same] [iqdb] [saucenao] [google]
23834327

>>23828937
This is the comfiest hold.