I bought the AMPL top, I'm financially ruined

I bought the AMPL top, I'm financially ruined

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I did too but I was dollar cost averaging so I only lost 60 bucks before I sold.

friendly reminder we are going to at least $1.7 probably overshoot though lower.

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>reminder we are going to at least $1.7
FUCK YOU Zig Forums YOU PROMISED ME A 10X

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DeFi is designed to take your money. Buy link fagots

You bought a top.
You are retarded.
Say it with me.
"I bought the top, and I am retarded"

This coin is literally designed to stay around $1 and mint new coins to deflate its own price to do so.
Not a crypto meant to profit from.

It is supposed to always seek around $1 in price. The trick is to buy at a low market cap but around $1 so you get positive rebase most days. But you can get severely rekt if this dips below $1, that would mean negative compounding rebase until it's $1 or more. But no matter what the price or rebase is, you will still own the same percentage of the market cap. Interesting coin, I might gamble with some

People were saying this would go up a lot more. Why did I listen?

I've said it before and I'll say it again, the rebase doesn't matter

>deflationary collapse
yes, but thats the point of the geyser. you continue to get amples while in the geyser even if it dips negative.

because it will this is just people taking profit

What's the play here for people who bought the top? Should we cut losses or hodl?

anything about 1.05 you will still earn positive rebases.

NEVER

FUCKING

SELL

Why not?

Me either desu

This thing is literally freefalling. I’m going to have to cut my losses right?

why even bother? the next thing you buy will do the exact same thing. plus, you know very well that once you sell, it will shoot up and make an all time high.

price doesn't matter you fucking idiots as long as it's over $1

There’s no way to win. I guess I’m holding this to zero then.

and when it goes under $1, then it dies? great

then it dies like a comet

It sure looks like it does since I’ve lost a substantial amount of eth. The rebase may only bump me up a little bit.

it takes 2 days for the oracle to catch up, then your amount of tokens decreases. but you should be accumulating tokens now in this positive rebase period. overall, if ampleforth hits a 100mil marketcap and you have a ton of tokens, you'll be happy

because market cap has gone down today. the price could theoretically be at $1 in a week, and you'll have more ETH if the market cap increases overall, because your share of the market cap is locked in. anyway, dyor and make your own judgments

I didn't buy into the whole geyser stupid shit. Assholes were saying this coin itself will go up in price a lot so I decided it was better to go for a quick double at least. Now it's just hold and collect gay worthless coins of a dying project and I'll be happy. Nah

>owned something for 1 day.
>didn't immediately make him hetero
>hates it
maybe kys?

again, you're not listening, I'll say it one more time so you can get it through your thick fucking head: people were saying this shit was heading way up. I would make less if I played into the actual staking system. this is a ponzi that rewards early stakers, and then they realize it and dump with all their easy gains from being early. How about you kill yourself since you're too dumb to understand this?

Because it doesn't make a difference whether you own 1 ampl worh 1.2 or 1.2 ampl worth 1, people act like rebase is giving them tokens for free but they forget that at the same time it takes an equivalent amount of value from each token they hold.
Of course if you're a retard you might buy ampl after the rebase for the exact same price as before the rebase, but this is like buying a stock after a split for the same price as the origibal stock.
Admittedly there are plenty of retards not getting this coin to go around, but if the only purpose of your coin is to fleece idiots then I don't think the party will last very long.

it dies like a phoenix, you obviously don't understand the incentives at play during negative rebase

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you too emotional bro. not cut out for this.
this is literally a pull back price correction after 5 incredible gains.
whatever you liked about it 24 hours ago u now get 30% more.
not my first rodeo.

scam of the week

fundamentally flawed piece of shit. once it drops below $1, it fails and never ever recovers

The way this coin works is like if you are standing with a trampoline below you and above you. If you start bouncing really hard you can push the trampoline surfaces up and down but the harder you push, the harder it pushes back at you.The benefit is long-term increased supply, not price.

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that goes for any coin . go suck a goat dick u worthless ape

Plenty of idiots to go round

I'm out and I luckily took only a 100 dollar loss. I may jump back in if it keeps dumping but stays above $1. This is what I get for being late to everything.

Why did I have a lot more ampl in my wallet when I went to sell?