Time to educate NoBancs.
Bancor by it's design is not set to rocket up in value in short periods of time. Due to the smart contract there is a constant balancing of value between the exchanges and the contact.
Bancor is designed for constant, steady growth. This is actually healthier than the pump and dump coins we see so often (ANS, ARK, DGB, RDD, XVG and the list goes on...) Bancor instead will constantly gain steady value, the potential is practically limitless due to it's application.
BNT acts as a liquidity reserve for any token that chooses to use the platform. Every time a new token or crypto is added to the platform, Bancors value will increase, and as the BNT->ETH contract has shown us already, it will keep increasing.
Amazingly, Bancor has already increased in ETH value by 33% within 16hours of trading being activated. That is much higher than anyone can predict. You will also notice unlike traditional coins/tokens this doesnt surge up and then dump down, it climbs slowly and steadily.
Now, another important factor is to consider is Bancor is an actual product, in use right now. Not some pseudo concept of an idea floating in a hypothesis. Bancor is tied fundamentally to the whole cryptocurrency market. The larger crypto gets, the larger Bancor gets.
There are several key events that will cause steady upwards trends in Bancor's value, turbo boosting the steady climb. The first is the implementation of an easy to use and noob friendly APP with GUI. This will make exchanging BNT with the various tokens added to the system easy for anyone. The next big factor is the adding of new coins, this will most likely happen on a weekly basis as new coins adopt the system.
Ultimately Bancor is poised to become a top 3 coin within 6 months. It actually has the potential to overtake the platform it's built upon in terms of market cap and volume.
in 16 hours it's gained 33% value and has a $377M market cap. Do not miss this anon.
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If you are still too stupid to understand the complex initial smart contract trading method, Bancor has you covered:
https://blog.bancor.network/experimental-simple-bnt-purchasing-aafd51d 03b30
This is a very easy to use contract to get you into the BNT game at below exchange prices.
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>>2576629 (OP)
I have 2k in FIAT and I just can't pull the trigger on a BNT investment.
Everything about it seems legitimate in theory, but in practice I've read that is has application flaws and also I don't know if I trust (((them)))
It's also designed for banking applications which is morally opposed to the very basic foundations of Crypto
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>>2576629 (OP)
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bn t_anytime_they_want_for_no/
Oy vey! That's a good goyim! Keep buying our BANCOR yes!
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>>2576629 (OP)
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>>2576634
>"If you are still too stupid to understand the complex initial smart contract trading method, Bancor has you covered"
Cannot get more jewish than that.
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>>2578032
I recommend setting buy orders in a series form considerably lower than contract price to way way lower than contract price
all that's left to do afterwards is wait for some ignoramus to execute a market sell (frequent occurrence) which you can either immediately sell at at least 10%+ or hold for a bit and sell later if brainlets are making it trend upwards
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>>2578066
Because other niggers buy the coin without knowing what the fck it is. This entire bittrex parade is beyond retarded.
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>>2578096
The price will increase or decrease consistently as opposed to sudden moon and sudden dump.
This is because the price is calculated through a formula whereas for other coins, the price are based on the order book in the exchange.
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>>2578089
What exactly is a "market sell"?
I understand technical analysis and fundamental analysis (though still learning where to actually find reliable info), but Im still largely unaware how exchanges work, the terminology and how exactly whale manipulation functions and other things like that
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>>2578146
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>crypto jevvis coins
>not a scam
wew
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>>2576629 (OP)
>>2576634
this was OP (literally same writing style and same images) two weeks ago:
> when it'll hit the exchanges it will be 20x
> did you buy BNT at the ICO anon, r-right?
> we jew now
OP today:
> e-ehm, don't mind the dips, BNT is designed to moon slowly, very slowly, extremely slowly...
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>>2578180
*Not
>>2578159
Yes it is. It will be worth more since people can use it to provide value to their own crypto coin. Suppose I make a new coin called coin X. I own 50% coin and people are scared I will fuck them over by dumping.
What you can is buy 10000BTN and tell people they can get your coin for 5BNT. What this means is even if I dump people can still trade back their coin to BNT and then back to eth if they want to.
It backs up your coin with a reserve instead if simple demand and supply from the market.
It also proves that you are backing your coin and then it's not just a pnd.
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>>2578216
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>>2578209
>What you can is buy 10000BTN and tell people they can get your coin for 5BNT. What this means is even if I dump people can still trade back their coin to BNT and then back to eth if they want to.
if you take out money with your scam, people will lose money since you put the entire network at loss
the only way possible to not damaging the network is to create a coin with a solid idea at the foundation, WORK HARD FOR IT, don't scam people, don't cash out: at this point you created something valuable, that will attract money from outside the network, which will put everyone into a positive position, including you
as of today, BNT should be priced below its ICO price, since money and value has been only cashed out so far; only when interesting side projects will start using this platform the BNT price can go above the initial ICO price
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>>2578301
they (original ICO contributors) had high opportunity cost of having their ETH locked in while ATH was happening
BNT is otherwise a fine coin introducing a novel idea, such a shame that the crypto space seems to consist of brainlets but I guess that just means more gains for those who have something between their ears
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>>2578236
It has a minimum floor of 0.01ETH. You will always get at least this.
Now when you buy more bancor tokens it gets added to the reserve and BNT is worth more:
Example:
Reserve: 1.0M ETH
BNT tokens amount: 80M
Price per token (in eth) => 1.0 / 80 = 0.125
Current: 1.047 / 81.295 = 0.12885
There is also something with scaling since somebody mentioned this is an exponential function not sure how that works though.
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>>2578301
Bro you literally talking shit. If you understand how it worked you would not be saying this shit.
It can not drop for 2 YEARS. Literally impossible. Or some Space whale would have to sell 300 million worth of BNT right now.
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>>2576629 (OP)
>Amazingly, Bancor has already increased in ETH value by 33% within 16hours of trading being activated.
25% now. And since the value of ETH dropped 20% between the ICO and when you could trade your tokens, you're actually up about 5%.
That's better than nothing, but a lot less than you could've made this past week with judicious trading.
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>>2578306
cont.
side projects could take months, or even years to appear
which could be a problem because the BNT price can go so low in the meantime that not a single investor will be confident in using the platform
will side projects appear before Bancor will go bankrupt? If you can answer this question, well, good for you.
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>>2580845
The 25 dollars was speculative price on hitbtc IOUs. You have to fucking know this by now, it gets said every single time someone tries to say there was a massive drop. Current price of contract BNT is 4 dollars and 21 cents. ICO price was 3.80. This is not a spiking coin, this is a slow grow. Are you trying to mislead people on purpose, or are you just willfully ignorant?
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Where are all the big GAINS? You faggots were talking about easy 5x/10x within a day/week.
My trousers are already full of shit and piss but I simply cannot stop laughing...
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That fucking volume though holy shiet
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Seems like a bunch of anons want of the wild ride. Marketcap started at 1.0M ether when launched on bittrex.
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>>2581154
kek.Well market is dropping quite fast so its prob possible to switch ethereum for bancor. What is even mor eintresint is that other people buy all these sells though.
Price has been floating consistently around the same point. Give or take a few 1000's of sats.
This is very peculiar. Guess Ill hold a bit longer.
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>>2581466
Yea pretty insane. First time Im seeing shit like this. I sitll believe it in though.
Just looked into the people behind this project. Except for DA JOOOOS it seems like the inventor of the euro is supporting it. Or at least somebody very knowledgeable about it.
They all also have some lobbyists which looks positive towards the future.
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>>2576629 (OP)
>in 16 hours it's gained 33% value and has a $377M market cap. Do not miss this anon.
That is just plain incorrect
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>>2582297
Its not really about this that you should find weird anon. Dont you find it weird that volume has increased 7x yet the price remains the same. Dont you find that suspicious at all?
Their are whales around here. Not small ones, enormous ones. Their was a guy who put 3 million+ in the network to buy tokens. Thats what they call insanity. If you still believe the is project is set up to fail you are literally delusional.
Pic related.
Volume started out at 300BTC a day ago, its now at 2000BTC. That might tell you something...
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>>2578209
It's a fractional reserve though, so the new tokens not completely backed. This means the creator of the coin can completely dump there coins and still make out with a profit.
I'm not saying it doesn't help prevent this, I'm just saying it mitigates it
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>>2582440
The only reason there so much volume is because of arbitrage, has nothing to do with how useful the coin is
BNT was literally designed not to moon, if you want to make any money with this coin you have perform arbitrage
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>>2582704
Except anon. The prices are almost identical. There is now only a difference of 0.02$. Which means people are starting to play very tight on the margins.
Now just imagine this: 4 million additional USD has flown into a virtual currency yet its priced the same. This completely shatters everything we know about virtual currency.
Even more strange: bancor their website barely went up in tokens yet $5.000.000 has been circulating in 1.5 days.
It seems very viable to me whales are dropping the price extremely low so they can buy off weak hands who take their 20% and run. There is no other explanation for this behavior.
- Arbitrage delivers less then 0.02$ a piece.
- Token volume does not go up even though they are massive amounts being bought.
This clearly seems like price manipulation to keep the price low.
Also:
- The market cap stays consistent around 1M ether with sometimes making huge jumps. (as shown buy pics of other anons)
The more you look at this coin the more you are starting to wonder what is really going on here.
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>>2582807
Can make a coin go either direction, it just means it will equalize between different prices in different locations. The BNT exchange has a huge reserve or value it uses to force the coin to a certain price across all exchanges because of arbitrage
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>>2576629 (OP)
>>2576634
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Is 133 BNT enough to get a girl like this?
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>>2584050
Slow and steady wins the race.
-Jeb
But seriously. With jews you don't lose.
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>>2576629 (OP)
>Bancor is an actual product, in use right now. Not some pseudo concept of an idea floating in a hypothesis. Bancor is tied fundamentally to the whole cryptocurrency market. The larger crypto gets, the larger Bancor gets.
I swear to god I would risk 25 to life just for a chance to gut people like you in broad daylight like a fucking pig, I would slaughter you in city square for posting these levels of pathetic retarded low effort shill trash material.
Die you fucking subhuman trash.
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>trusting the Jew
I seriously hope you guys didn't do this.
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>>2585288
Yea... no clue when that will happen. Until now we wait for new features to come in to attract more people.
Still its backed by some pretty successful people so Ill wait and see what happens.
There's also a lot of ICO holders that seem to be staying put.
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>biggest IPO of all time
>jews "accidentally" let it run with no limit
>goys somehow think they're going to make money
Lmaoing at these pathetic scamcor support groups
>b-bbut they said we can get our money back anytime
Do you really think the jews are going to lose money by letting a goyim get away with their investment?
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>>2576629 (OP)
I'm holding just under 1,000 and I don't give a fuck about the current price. I'm trying to buy 100 or so more each paycheck I get for the next 3 months. This is going to be huge, stop kidding yourselves.
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>>2586796
>>2586806
Average patience of a /biz/tard. I can udnerstand though still I think I will just leave the crypto scene for a while until this rises and check my blockfolio every now and then.
The team has some solid road maps up ahead and a good team. It will probably rise in a few months.
Anyway, creator of the coin:
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>>2586872
forgot pic
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>>2577913
>Create coin that relies on high intelligence to understand
>Unfortunately, crypto is flooded with low IQ gambler's
>People literally calling everyone and everything a "scam"
>People get scared out of market
>Development of gains lost momentum and we lose growth to only half of what it was
>In the end, the tech prevails but I am too old to enjoy my gains
>Die bitter that 4chan stunted crypto
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>>2587447
Every other coin used to go up in a frenzy, no matter what, even dodgecoin. All the FUD just flooding everything has scared everyone away and this is only recent because everyone made bancor seem like a scheme to steal money.
Admit it, 4chan killed crypto. They scared everyone straight and ended the buying phase. it may not recover this time.
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>>2587550
The trust has been ruined forever, because everyone made generalizations about Bancor, that outsiders automatically attributed to ALL coins. There is a finite stream of money coming in, 4chan turned innocent investing into something to be wary of. Nobody will trust any crypto ever again.
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