[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 8 KB, 191x250, index.jpg [View same] [iqdb] [saucenao] [google]
24482946 No.24482946 [Reply] [Original]

Do you think it is a good idea to take a loan on aave with 2k links as a collateral and buy 500k eRSDL? Have you ever been liquidated on aave?
I really believe in eRSDL mid/long-term and I want to buy at least 500k suicide stack but I don't want to sell my precious links also because 1000eoy is not a meme. What do you think anons?

>> No.24483006

Is it me or ersdl is starting to look like what happened to buidl this past summer...

>> No.24483052

>>24483006
I have only heard rumors and can't confirm anything. What did happen do buidl this past summer fren?

>> No.24483054
File: 189 KB, 824x768, 160656332195.jpg [View same] [iqdb] [saucenao] [google]
24483054

>cleans up b2b lending FOR FREE

>> No.24483067

this picture always reminds me of Vinceborg from Barkley Gaiden

>> No.24483154

>>24483052
Well
>buidl was bought for mere cents by early buyers
> heavily shilled this summer with numerous threads getting 100+ replies, price reached $4-5
>The next day, it collapses
>barely anyone talks about it
>has been bleeding eversince, and created an army of newfag bagholders

>> No.24483176

people need to understand that eRSDL literally DOES NOT have a product yet.
Howard is still talking to people to define the actual problem they are attempting to address, that is how early in the development process it is.

I suspect it will take several more months to actually build a product, and then a few months to test it before businesses feel comfortable using it (the current roadmap is way to ambitious imo). I'm a software engineer at a FANG company on a team with several other great engineers, and we build using some of the best eng tools in the industry, and we STILL miss deadlines often.

There is simply no way eRSDL will have an actual working product inside of 6 months. The most likely scenario is Howard spends the next few months defining the problem and hiring solidity devs (which there is an extremely short supply of decent ones), continues to update progress on talks in telegram, the price stagnates for a while and people get frustrated as BTC/ETH/ALTS are mooning left and right, and eRSDL underperforms in sats/eth value for 3-4 quarters.

I just don't feel like waiting that long, especially with deco/tsigs going live by q1 2020 and PoS/layer2 solutions starting to gain momentum

>> No.24483206

what's the story with this guy. Is he a janny?

>> No.24483277

>>24482946
>Do you think it is a good idea to take a loan
shlomo, plz

>> No.24483298

>>24483154
and what similarities do you observe between what you wrote and eRSDL? I think unfederal has much stronger fundamentals and is being led by a competent jew boomer with a lot of banking ties. Can't get anymore bullish on a small cap than that.

>> No.24483331

>>24483176
nice pasta
>>24483277
oh you uncovered me, i'm going back to my jew cave now

>> No.24483809

This could be a great idea. Risky but High risks high rewards

>> No.24483992

>>24483809
I wouldnt say its that risky at all.
Once they get more cex' and banks involved the price will increase exponentially.
Howie said in TG hes meeting with a bank on the 10th.

>> No.24484174

Frens what happened to the unofficial ersdl telegram?

>> No.24484207

>>24483176
This was a great FUD lmao, dropped the price quite a bit. Accumulated more

>> No.24484232

>>24483154
good job, you caught us, next time we will shill more subtly

>> No.24484620

I am going to do it guise, wish me luck

>> No.24484758

>>24483154
If it reaches 2 dollars I will be long gone ahahaha

>> No.24484804
File: 307 KB, 1234x1588, b1.jpg [View same] [iqdb] [saucenao] [google]
24484804

What defi platforms do you choose? Can you recommend any good one profitable?

>> No.24484937

>>24484804
I am using aave. It is the only one with an option for using link as colateral as far as I know. Just be careful with you health factor, liquidation is your worst enemy.

>> No.24484970

>>24484758
If it reaches 2 dollars I am retiring as a land lord

>> No.24485125

Why is nobody talking about staking? The returns are crazy right now, about 350% APY.

>> No.24485199

>>24485125
Poorfags don’t have enough to stake and whales are swinging

>> No.24485208

>>24484174
Apparently got nuked lel

>> No.24485504

>>24485125
im farming like 5k ersdl a day, feels fucking good

>> No.24485538
File: 171 KB, 800x1000, 1DB76A83-78CF-41A0-912B-E537A6037BCB.jpg [View same] [iqdb] [saucenao] [google]
24485538

Based howie, take us to the moon you blessed boomer

>> No.24485566

>>24485504
Aren't you scared of the impermenance loss?

>> No.24486079

>>24482946
Link is pretty stable and if you keep your loan at 50% I think it's unlikely you get liquidated.

That said I wouldn't buy ERSDL. If you wanna gamble you might wanna buy something that actually pumps like

>> No.24486197

>>24483006
Upon glancing at the buidl website, I don't see much similarity. Both may have enthusiastic communities, however, as mentioned they have very different fundamentals.

>> No.24486240

>>24483176
These are good points, but what are PoS/layer2 solutions? Do they compete with eRSDL?

>> No.24486296

>>24485125
I wish I started a week ago, gonna start staking this evening.

>> No.24486313

>>24486079
>implying ersdl hasn't 10xed since I bought in

>> No.24486570

>>24486313
So has any other shitcoin

>> No.24486681

>>24486296
Do you maybe know what % of staked amount will you lose if token gains 2x in value?

>> No.24486861

>>24486681
I wouldn't know how to calculate that. eRSDL seems stable at the moment, however.

>> No.24486946
File: 43 KB, 640x360, image[1].png [View same] [iqdb] [saucenao] [google]
24486946

>>24486681
This chart I found seems to imply the loss shouldn't be too bad, even if is x2 in value.

>> No.24487401
File: 97 KB, 622x1280, eRSDL price projection.jpg [View same] [iqdb] [saucenao] [google]
24487401

>>24483006
Listen to Howard for a bit. He's the reliable uncle of crypto

>> No.24487421

>>24486946
That doesn't seem bad indeed. I am also going to start staking today. Thank you fren, I hope we get at least 30 days before apy get too low.

>> No.24487517

I used to have 350k ersdl but sold it because that was my main big bag and I was getting crazy starring at the price all the time

I now only have a 100k stack and feeling much comfier

>> No.24487526
File: 289 KB, 1536x2048, 1600685174798.jpg [View same] [iqdb] [saucenao] [google]
24487526

>>24482946
howard said good day to me in telegram, I love him

>> No.24487647

>>24487421
Yes, I'm not gonna stake that much, if I'm honest. I just see an opportunity to get more eRSDL.

>> No.24487690

>>24487517
Nothing wrong with that. The majority of my holdings are still BTC. This is the only alt I'm balls deep in.

>> No.24487942

>>24487526
Based howie, he makes the crypto sphere better just by his presence.
>>24487647
Will you stake all your eRSDL tokens?

>> No.24488016

>>24487942
No, I'm only staking 20% to see how it works out. If it's good, I'll stake maybe 50%.

>> No.24488920

>>24488016
thats actually a good idea, good luck anon

>> No.24489290

>>24484207
bro no post on 4chan what so ever effects the price of a coin, whales control pricing not biz.

>> No.24489403

bought a tiny bag, what is the EOY predictions? Suicide stack? Long term hold?

>> No.24489530

>>24489290
Dont underestimate the power of /biz. Especially on the price of small caps. First moves that Chainlink did are much contributal to constant /biz shilling

>> No.24489584

>>24489403
3-6c end of year once we hit an uptrend. Could be much higher if Howie releases one of the MOABs he's working on.

>> No.24489601

>>24489290
75% of ersdl holders are on /biz/ though

>> No.24489608

>>24489403
EOY2020 not that much, 0.06 at most, but 2021 EOY when the adoption is well underway I wouldn't be surprised if 1$.
Suicide stack 500k, makeit stack 2mil

>> No.24489802
File: 7 KB, 250x250, 1589136462620s.jpg [View same] [iqdb] [saucenao] [google]
24489802

>>24489608
i could only afford 100k

>> No.24489967

>>24489802
Dont worry anon, 200k dollars in a year or two will get you a nice retirement in a third world shithole.

>> No.24490180

>>24489802
100k IS the suicide stack

>> No.24490721

>>24489403
>what is the EOY predictions?
Doesn't matter
>Suicide stack?
50k - 100k
Long term hold?
Yes, but take advantage of an overbought market. The lite paper implies a future token price of $2.00, but this is outdated information.

>> No.24490861

>>24490721
Should you stake all your eRSDL tokens if you plan to hold long term?

>> No.24490902

>>24489802
Based and Kriegpilled

>> No.24491007

>>24490861
There is a thing called impermanent loss when you provide liquidity for eRSDL (it's like staking). If the price changes a lot, you could lose some of the tokens you put into the liquidity pool. It would seem to be worth it in the near term, due to the currently high APY.

>> No.24491072

>>24483067
he'll chaosdunk us to the moon

>> No.24491106

Not to hijack your thread anon, but I literally dont know how to transfer the money to my bank account when I eventually make it. Also, should you declare crypto gains to the IRS?
Help a retard out.

>> No.24491143
File: 597 KB, 1600x1314, legolasersdl.jpg [View same] [iqdb] [saucenao] [google]
24491143

>>24483176
LOL this was a good day when this FUD dropped. Stacked 300k. Shoutout to you and Danebro. Or are you one in the same o.o hmmmmmm?

>> No.24491229

>>24491106
Cash all at once after this hits 1$ dollars (you'll rope when you see it at 1 in a few weeks/months if you sell). pay gains once and be happy.

Or take a crypto loan and never sell. Just hodl as USDC and loan with Celsius or sum shit. Just a thought, haven't tried...yet.

>> No.24491359

>>24485566
I only started staking recently, now that price is more stable I'm not as worried

>> No.24491557

>>24491106
You must report realized capital gains, or you could go to butt raping jail. Crypto are essentially treated like stocks both short and long term. Crypto earned through staking or liquidity pools are immediately taxable and kinda treated as income.

>> No.24491666

do you guys know where can I check my staking stats? Like how much I made over time and how much I impermenantly lost.

>> No.24491710

>>24491666
I would probably ask the eRSDL discord.

>> No.24491727

>>24491666
my-name-is-jeff.org

>> No.24491734

>>24483006
buidl is way better. theyve added even more experienced eth devs and they are not boomers

>> No.24491768

>>24491557
Should I keep some history of transactions or do I just say that I gained X amount from crypto and tax it accordingly? Also, do I declare crypto gains only when I liquidize the amount even if the gains were made years ago, right?
Seriously a retard here. If you guys wont spoonfeed at least point in the right direction. Thanks a lot for the advice already. We are all going to make it. I can feel it.

>> No.24492017

>>24491734
YOu're clearly unaware of the Boomer Crypto Wave which is about to wash over everything

>> No.24492044

>>24491734
Buidl is nothing but 2 gay faggots that launch a new coin every month for shit and giggles

>> No.24492222

>>24491768
>Should I keep some history of transactions or do I just say that I gained X amount from crypto and tax it accordingly?
Yeah, much easier to do it as you trade then to figure it out retroactively.
>Also, do I declare crypto gains only when I liquidize the amount even if the gains were made years ago, right?
Yes. If you held unto the asset for more than one year, it's counted as long term capital gains. I would check the IRS website thought.
>We are all going to make it. I can feel it.
Describe what you see from the back of your head. Not what's behind your head, but what can you see behind you. That's what nothing looks like. It's not black, but actually nothing. That's located outside of your field of vision, that's what happens when you try to experience something which you are incapable of perceiving. That nothing is what the blind see. That nothing is the same thing the dead see as well. Now extent that nothing to every other sense. You will be incapable of experiencing sight, smell, sound, touch, even your own thoughts when you're dead. Death is the final destination of all living things, and it's not too far away. Remember, one day you'll wake up and you'll be old.

>> No.24492381

>>24492222
checked

>> No.24492570

>>24492222
Jesus that's a crazy eye exercise I'd never tried before. A little unsettling

more than anything, why try to crush a man's spirit when he's up? or is this your way of teaching stoicism?

>> No.24492649

>>24492222
>Describe what you see from the back of your head
Nice atheism. Did you learn it from your boomer parents or Jewish demoralisation media?

>> No.24492658
File: 49 KB, 550x535, 1423253260318.jpg [View same] [iqdb] [saucenao] [google]
24492658

>>24492222

>> No.24492689

>>24492570
There's a whole spectrum of weird FUD around this project. It's bullish as hell.

>> No.24492971

>>24492044
not ever gonna make it. ever.

>> No.24493497

Any bullish news about project development anons?

>> No.24494361

>>24493497
Howard's talking to the first of many clearing banks this week

>> No.24494389

>>24493497
Nothing announced, no.

>> No.24495168

>>24489608
Suicide is 100k lmao, 2021-2022 it may just as well hit 2$, that is barely 1b marketcap during a bull run and remember that absolute garbage projects are sitting at 5b even.

>> No.24495396

>>24495168
I like ersdl and Howie but this is moonboi talk
Hitting 50 cents would be fantastic enough