RSR General - Lebanese Edition

The Reserve app will be launching in Lebanon soon and in the USA in a few months.

Soon we will be out of the Beta phase and RSV will be allowed to organically grow.

RSR will break $0.01 soon and people will FOMO in pushing us up even further. We will easily hit $0.10 by eoy. $1 by end of 2021z

This is the comfiest hold in all of crypto.

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Other urls found in this thread:

youtu.be/f8hKmrdZkUE
forbes.com/sites/tatianakoffman/2020/07/09/lebanons-currency-crisis-paves-the-way-to-a-new-future/amp/
medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824
app.uniswap.org/#/swap?outputCurrency=0x8762db106b2c2a0bccb3a80d1ed41273552616e8
twitter.com/NSFWRedditImage

$1 would mean a 7 trillion MarketCap, wont happen within a year.

You mean $7B MC
When BTC pumps and alts pump the entire crypto market MC will go up by a order of magnitude. $7B wont be as large in that environment.

7 Trillion?? I think you mean 7 billion

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yeah people forget that and think of it in terms of current market caps, while in the midst of 17/18 bubble coins needed literally close to 1B mcap to be even in the TOP100, now lets be conservative and assume the next bubble is only twice as high as the previous one that means RSR being in top100 would have 2B mcap, and that's assuming it won't climb anymore nad just stay at current level on CMC

ah I overlooked it, you're right its only 7 Billion. actually not an unrealistic goal ..

We are unironically going to make it

Would you guys recommend buying now or wait for a dip?
What’s a make it stack

For me, it is not worth the risk trying to time the market. We may retrace slightly, or we may continue to pump. The best strategy is to DCA in.

Thanks. What’s a nice comfy stack to have? Thinking abt getting a m

Depends on what you want. Do you know anything about the coin?

Yea most people aim for a Million. Even 500k is nice.

yes sir, I shall buy coin sir
youtu.be/f8hKmrdZkUE

jokes aside, rsr stack feels /comfy/ af

Why is the app releasing in Lebanon first?

it's already lauched in venezuela and a few others i think

forbes.com/sites/tatianakoffman/2020/07/09/lebanons-currency-crisis-paves-the-way-to-a-new-future/amp/

Their currency is down 80%+ recently

Here is a stupid question: should I own both RSV and RSR? Or is just owning RSR good enough?

If you are looking for gains, hold RSR. RSR price fluctuates. RSV is the dtable coin.

Yes. The app is currently out in Venezuela, Columbia & Argentina. All countries with currency issues. They are now beginning to release in Lebanon.

Some other countries they will be targeting soon are Angola, Nigeria, Turkey, Brazil and the USA.

RSR gets swapped into RSV through arbitrage, no reason to hold it until you want insurance against RSR fluctuations.

It will actually be a good bit higher than $7B as more of the supply will be circulating? How much more, nobody knows - I doubt they will dump all 100B.

During the next bullrun dont be surprised to see top 30 coins with up to 50B market caps

Correct, depending on when mainnet is.
All 100B will never be circulating... only about 45B maximum. 55B tokens are locked in the slow wallet. These tokens will be burned/arbed for RSV as that is more profitable.
XRP hit $4 with about 40-45B tokens circulating, so even at our maximum we could still hit those numbers. Plus RSR is a far superior token. And again, RSR has burning so it will be highly unlikely for even 45B RSR to be circulating.

Question to you RSR-heads. What does the RSV coin/service offer over other decentralized stablecoins like DAI, or even stuff like the also-upcoming xDAI sidechain?

Reserve can scale and be useable as a world currency. It’s got a team who are for all intents and purposes creating a payment app first and foremost that uses crypto, which means it targets people who find using crypto to be a daunting concept. They’re going after the remittance market which is a trillion dollar industry, whereas all the other projects are only thinking in terms of crypto.

I do like the remittance angle...

Also, Reserve will be a basket of other stablecoins like Dai. So if Dai were to fail for some reason and go to zero, Reserve would still be okay because it has other stable coins backing it... even further... they plan on backing Reserve with Gold, real estate, stocks, bonds, foreign currency etc. So it will be very immune to value devaluation.

Eventually it will be pegged to a stable value, not just $1. So if the dollar value drops due to inflation, RSV will still be worth what it was before and would be worth more than $1.

medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824

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If you dont have a fat bag of this and LINK for a 5+ year outlook I dont know what to tell you honestly

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Thanks for the spoonfeeding lads, I'll keep a watch on this one

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Where to buy RSR? I looked in Uniswap but It doesnt seem to allow it. Im a yuropoor btw.

app.uniswap.org/#/swap?outputCurrency=0x8762db106b2c2a0bccb3a80d1ed41273552616e8

Uniswap does, but everyone that isn’t a burger should be using Huobi

Got to find the link for it on etherscan first. Google it

Or you know, you just use a VPN