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/biz/ - Business & Finance

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50123880 No.50123880 [Reply] [Original]

THIS THING GOES ONLY UP
HOW HIGH WILL IT GO?
WILL IT SQUEEZE THEM?

>> No.50123891

celsians so mad right now. must be seething lol

>> No.50123898
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50123898

>>50123880
DOING MY PART GET THAT FUCKER

>> No.50123916

synthetix is a hedge against centralized scams and insolvency

>> No.50124461

>>50123916
SNX is based.

It's one of the few things that can actually decouple from crypto. It has plans to add synths for commodities. I believe right now it is just gold and silver but they are planning to add more. Biggest reason crypto goes down during a bear is because it is mostly all correlated. Even ETH, since it is used in uniswap transactions goes down, as ETH sort of functions as the casino for shit coins. SNX can function as a casino for real world assets like gold/silver and forex.

It also has leveraged crypto trading too. So SNX will be a good play as centralized exchanges cuck more and more people. It is currently priced so low in terms of P/E it's insane.

>> No.50124533

>>50124461
They had gold and silver a while back. When and why were they removed?

>> No.50124578

I wish I got in sun dollar

>> No.50124612

Dont own any, but the liquidity pools are printing

>> No.50124892

>>50124533
The problem was the gold and silver on L1 were too expensive to use. They didn't see much usage. It seems like now they are getting more usage on L2 on kwenta though with the perps. Silver doesn't seem that popular actually. Gold is popular though from looking at the open interest.

>> No.50125243

>>50123880
I've always hated this token. Not sure if something has changed with its plans but its essentially
>overcollateralize 300% with my garbage token
>mint derivative of some actually valuable asset
>debase other asset with synthetics

This token and system is literally trash and I don't get why people like it. Hate modern crypto for this shit. Parasitic just like CME futures trash.

>> No.50126419

Just bought more. Trimmed some earlier because of bad price action on majors. Thinking now we rip upwards. That Celsius guy is gonna get ruined.