Archived threads in /biz/ - Business & Finance - 4840. page

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I've been holding ARK, DGB, Ripple and Verge now and it's just been plummeting? Are these coins dead or What's happening? Should i sell?

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Can we at least all agree none of us knows what the FUCK is happening right now?

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Why are people already sending money to bancor?

Some bot even sends 9.5 ether every few minutes...

https://etherscan.io/address/0xBbc79794599b19274850492394004087cBf89710

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Hi /biz/

Absolutely new to cryptocurrency and want to get involved for a hobby and hopefully some easy gains.

Can anyone recommend some good reading to get me up to speed? Things like where do the coins actually "sit", and when you sell them, where does that go? Things like that!

Thanks guys.

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How low is ETH going to drop after it stops hovering at 390-400? Is it worth selling and trying to get in lower or should I just hold?

I'm freaking out nigs.

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Since /biz/ is now the "shill your bags you just made" + racism /general/, I'd like to point you folks towards the original /biz/coin: /biz/coin.
Just like the various niggers, it's living and trading on waves, and you are welcome to buy some.
100% moon lambos guaranteed!
Also, it's a save haven to rescue your BTC and waves during the current crash.
It even has a mildly racist logo.

>tl;dr:
BUYBUYBUYBUYBUYBUYBUY

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Mfw kraken verification is taking 8 days now and im just sitting here counting all the gains it lost me.

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> "Hurr durr buy muh shitcoin bags"
> "Hurr you should all be margin trading with your 1k bitbean and digibyte shitcoin stacks, that's how you make the biggest gains hurr!"
> "muh imminent coinbase listing"
> "muh whales keeping the price down, breakout soon hurr"
> "muh based autist xD"
> "muh 'portfolios' of dogshit created through hours of 'researching' and meme-browsing"
> "muh Citibank"
Everyone single one of you faggots is so god damn retarded - is it really that fucking hard? How can you stumble on a place that shills the investment opportunity of the generation and STILL fuckup.

Embarrassing.

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It's a jewish trap set to control the price movements of all crypto.

Why?:

Network Effects: The more smart tokens that use BANCOR tokens in reserve (which will be the default setting for smart token creation in any Bancor developed or financed software service), the more valuable and more in-demand the BANCOR token becomes. As the value of BANCOR rises, so too does the value of every smart token holding BANCOR in reserve.

The inverse is also true. It seems helpful for token networks to connect themselves via Bancor and use "smart tokens" backed by BNT, but if BNT is subject to a successful speculative attack and devalued then consequently a huge amount of value held by those smart token holders could instantly vanish. So as a token issuer, either you can play economist and central banker and calculate needed reserves to fend off speculative attacks, or you connect to the Bancor protocol and let them manage it for you.

The more token networks that join, the greater the demand and price for BNT so the harder the BNT token will be to attack, but then again the more damage caused if an attack is successful.

I understand why Bancor is trying to raise as much ETH as possible now. They have to be ready to use the remaining 80% that isn't a direct reserve to buy back BNT if coordinated whales try to dump or short. This is especially true right now because the most valuable token on Ethereum is ETH. In the future, if we have USD tokens available on ETH I could see Bancor moving to hold reserves in USD and other fiat currencies as well to protect against attacks in that direction.

Also if you're Bancor and your incentive is to grow your network, it seems to me that the best way to do so would be use the full might of your network to launch speculative attacks against token networks that haven't joined you to coerce them into doing so.

this seems like the genesis of the blockchain banking mafia.

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Trips names the next big coin!

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why isn't /biz/ buying the next eth?

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LAST TICKETS TO LAMBO LAND GOING OUT NOW BUY ETH DURING THE DIP

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IT IS OVER

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can someone explain?
will this make ETH go even further up?