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/biz/ - Business & Finance

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26062977 No.26062977 [Reply] [Original]

>he didn't buy OCEAN

We have finally breached the 50 cents barrier, we are going straight for an ATH here, I hope you guys didn't try to swing your bags.

>> No.26063040

>>26062977
But I did buy ocean

>> No.26063105

>>26062977

>tfw OCEAN, PRQ and XLM bags filled since November

2021 is my comfy year

>> No.26063231

>>26063105
>PRQ and XLM
I understand ocean, but why those two?

>> No.26063283

We will be the kings of the data economy

>> No.26063538

>>26063283
we are so early

>> No.26063876

>>26063105
>PRQ
stay poor

>> No.26064079

>RLC pumping
>ocean pumping
I guess we are correlated now

>> No.26064233

>>26064079
FUCK, I'd rather watch ocean go back to 20 cents

>> No.26064282

>>26064233
stay mad no oiler

>> No.26064410

>>26062977
PRQ ALBT OCEAN and LINK

this is how you make it

>> No.26064458

>>26064410
not a bad stack but you are missing PNK

>> No.26064804
File: 8 KB, 214x236, 1601055356653.jpg [View same] [iqdb] [saucenao] [google]
26064804

>>26062977
when link+ocean partnership?

>> No.26065337

What would be a good make it stack?

>> No.26065382

>>26062977
is my 1k OCEAN enough to make it?

>> No.26065410

>>26065382
You had months to accumulate and that is all you managed to put together?

>> No.26065444

>>26065410
i'm a 3rd world poorfag

>> No.26065485

>>26065444
just hold for a while, you will make it

>> No.26065725

>>26065485
thanks anon, i needed to hear that

>> No.26066020

>>26064410
I am with you on this, but I don't really see the point in holding prq, not much upside there

>> No.26066323

Where can I get some?

>> No.26066557

>>26066323
uniswap

>> No.26066874

>>26065725
fellow third worlder here, I managed to put together a 5k stack of ocean, will hold until I make it.

>> No.26067044

how much to make it?

>> No.26067260

>>26067044
>>26065337
50k, otherwise 10k is a suicide stack

>> No.26067810

>>26066874
just stay in your third world shithole, you will make it there

>> No.26067930

Redpill me on Ocean

>> No.26068029

>>26067930
It will power the new data economy, this is literally like buying bitcoin at $1

>> No.26068247

i only have $2k in ocean, i feel like i should have a lot more but i have the paralysing fear that whatever coin i move money out of, will violently moon as soon as i sell it. oh well i still expect my ocean to atleast 3x before feb

>> No.26068430

>>26068247
2k now is 20k in a few months

>> No.26068681
File: 270 KB, 375x617, Enter_Auau.png [View same] [iqdb] [saucenao] [google]
26068681

>>26068247
I have this fear too, and with good reason because that frequently I'd the case for me. The fact of the matter is going all in on one project in crypto is risky as fuck because even if the project is good, it will fail if the team behind it doesn't market well or some unexpected hiccup (like the Binance hack that fucked Ocean over months ago) can potentially kill your project. In crypto, all you need is a single moonshot making $1k into $50k, then you can split those profits into higher gain targets.

>> No.26069087

What is the use case and why is the token needed?

>> No.26069542

>>26067930
>>26069087
It's a decentralized data marketplace, people can sell and buy data on it while staying anonymous.

the token is the currency used on the marketplace

>> No.26069993

Sorry guys, I already bought RLC and I am already in profit, see you when ocean reaches $0

>> No.26070258

What is a comfy bag of Ocean?
Im thinking price target of $10-30 usd in 2 years. Based solely on Pon's connections and trust ha has.

>> No.26070335

>>26068681

Ocean has a dead market place. Nobody gives a fuck about it because every dataset needs a locked initial liquidity from the publisher. The moment he withdraws funds from there, the dataset is considered a rug pull. Great initial hype, but it's abandoned right now

>> No.26070388

>>26070335
True but the marketplace 2.0 is coming

>> No.26070417

>>26070388

That's hopium. The underlying tech is not changing, maybe just the interface

>> No.26070564

>>26070388
data marketplace was a cess pool of scams. even the recommended data sets scammed. the idea around LP'ing for data is retarded in general

>> No.26070579

>>26070258
10k is a pretty comfy bag to hold for the time being, especially now that alts are moving once again

>> No.26070643

>>26070564

Yes. It's a failed experiment. Not a single partner, except Swash, has uploaded any extra datasets there.

Not even the partners from Mobi. Not even Mercedes is using this tech, as it switched to Ontology. The market cap pumped 10x because of Mercedes and Mercedes has vanished LOL

>> No.26071086

>>26069993
enjoy your little pump, you will fomo in once ocean hits $1

>> No.26071425

>>26070335
>>26070417
>>26070643
found the rlc digital dogshit holder

>> No.26071837
File: 2.23 MB, 2094x1848, 1609700655605.png [View same] [iqdb] [saucenao] [google]
26071837

guys is this a glitch in the matrix?

>> No.26072262

>>26071837
no, ocean is just the new link

>> No.26072617

>>26072262
sure seems like it price wise, I don't see it reaching $10 in the short term but I am planning to hold my stack pretty much forever

>> No.26072849

>>26070335
reminds me of uniswap 1 year now you retards are making a living of that

same will happen

>> No.26072909

>>26072849

big difference between the two. your comparison doesn't make any sense

>> No.26072978

>>26072909
nobody knows how to price data yet on a DEX

1 year ago nobody knew DEXs could work

see the connection?

DATA made google, fb, insta, amazon

>> No.26073115

Where to buy?

>> No.26073121

>>26072978

No. The only way to allow people to signal for the data is to put an initial amount of ocean tokens into the pool which is the most retarded system ever created.

On uniswap you make money because you buy tokens with strong tokenomics and also provide liquidity. You are talking about multi year projects. On the Ocean market you only have datasets that service only a specific niche. Those datasets are most of the times useless. Investors could signal for price, but they would get rekt in the process because they wouldn't make any fees due to low interest in the datasets

>> No.26073198

>>26072978

The market didn't survive the initial hype because it's a failed experiment. And I'm not even talking about a decrease in uploads. That shit is straight up abandoned

>> No.26073351

>>26073198
dude its like 3 months old

I remember uniswap 1 year ago that shit was abandoned and dead

Dont you think DEX data marketplaces has a nieche? Ocean got the first one

The system works, it needs the token and makes it possible to involve multiple parties

>> No.26073398

>>26073121

you need initial stack to back up your datasets otherwise everyone would upload garbage without any consequences

>> No.26073644

>>26073351

Being 3 months old was never a problem. As opposed to other projects that are just starting, It had a ton of hype during the first month.

That should have snowballed. Instead it proved that the tokenomics are not making any sense

>>26073398

I know, but if a publisher does not know the real value of his dataset, and that dataset turns out to be a failure, if he tries to withdraw the liquidity, he rug pulls and ruins his credibility on the market. And because of this he is forced to lock his liquidity in an absolute shit dataset.

And on top of that, the only datasets that are worth putting on a market place are the real time streaming datasets (APIs) which Ocean doesn't plan on implementing on their market place

>> No.26074368

>>26073644
Its a work in progress

The whole concept is the publisher dont even have to know how to price it, it gets priced through AMM by other participants

simply if nobody is buying the dataset at that price people unstake and make it cheaper

its a built in price discovery mechanism and people didnt understand that

It was written down in countless posts how it works but people used it as degen gambling

However you want to spin this it was a success

First AMM priced data marketplace

People got rekt? Yes they didnt know what they were doing

100s of scams rugpull each day on uniswap

so what? this is web3

>> No.26074808

>>26074368

Far from a success. Even the legit datasets are not being bought by anyone. I know how the tech works, you don't have to repeat that lol. The price discovery mechanism requires initial staking and soon locked staking, forcing the uploaders to lock their money into something that doesn't guarantee success, even if the dataset might seem legit. The moment any publisher decides to unstake, he gets his reputation tarnished, even though his intention was to get his fucking money back because the dataset is a failure lol

>> No.26074903

>>26074808
Why would publisher upload a dataset thats a failure?

This is the same as any other project you need initial investment in your product, if you don't have that reputation fucked yes

>> No.26075004
File: 71 KB, 1080x968, Screenshot_20210116-144639~3.png [View same] [iqdb] [saucenao] [google]
26075004

Get rich or die trying

>> No.26075019

And unfortunately Ocean's success depends a lot on the market. I would buy this shit only if I'd see activity on the market, otherwise pass. Has nothing else going other than that.

>>26074903

Because he doesn't know that the dataset is a failure or not. That's why he opens a pool for it. He doesn't even know how to price it.

>you need initial investment in your product

For other projects the initial investment is the white paper, concept, implementation, roadmap etc.

>> No.26075233

>>26075019
>Has nothing else going other than that.

actual lol GaiaX, UN and WEF, German Central Bank are all working with ocean

nothing going on kek

>> No.26075418

>>26075233

Working with Ocean on what exactly ? That is a consultancy job. Does not involve the implementation of datatokens and the ocean tokens which are the only thing that can increase the value of Ocean.

Compute to data, which is gaiax/ german central bank/wef interest, can be forked and used without a token. Or do you really believe that a Central Bank would use a fucking token lol ? I bet you didn't even read that tender. It's basically compute to data without the token

>> No.26075597

>>26075418
This fork argument is getting old and rusty good luck forking ETH or any token with a community

look up web3 and what it will allow

>> No.26075735

back for another pump and dump then guys? centralized shit coin

>> No.26075742

>>26075597

Why would they use the token if they are sharing that data in a private manner with their partners ? That makes absolutely no sense.

The only utility of the token is in the public market place that Ocean created and in the other public market places that can fork from Ocean. This is the reason why I'm saying that people shouldn't fomo on the enterprise announcements and other irrelevant bullshit. The value of this project depends 100% on the success of the marketplace

>> No.26075829

>>26075742
>Why would they use the token if they are sharing that data in a private manner with their partners ?

because they will become irrelevant if they dont make steps decentralized nerds are swallowing the enterprises they either bend the knee or become dead

this isn't 1-2 year but in 10 years

INTERNET IS TAKING OVER

>> No.26076231

>>26075829

>because they will become irrelevant

But they don't need decentralization and token for compute-to-data. The only time the token is needed is for price discovery in a public market place not a private one. And since the conditions for publishing a dataset are not making any sense, you see an abandoned market place.

>> No.26076347

>>26076231
>don't need decentralizatiod
ofc they dont need it, decentralization makes these dudes irrellevant but I'm sorry its happening already