The supply keeps increasing until the price goes back to 1.009 $. It's clear right this moment AMPL is acting like a pyramid scheme. Mind that I'm not saying AMPL IS a pyramid scheme, only that it's ACTING like one.
Think about it. Eventually people will be incentivized to sell, that's the whole point of the protocol and increase in supply, right? To get the price back to 1.009 $.
That means that whoever bought at 3$ and not sold will get royally fucked WHEN people smarten up and start selling, doing what the protocol was designed to do.
So, explain to me why is everyone buying this shit at 3$+ ? IT'S LITERALLY IN THE WHITEPAPER THIS NEEDS TO BE 1.009$ AND IT WILL INCREASE SUPPLY UNTIL IT GOES TO 1.009$
yea, everyone is trowing thousands of eth because it is a pyramid, ampl is not a stable coin, and you clearly have no clue how the rebase/elastic protocol works weak fud, 1b mc eow
Connor Lewis
what a retard
Jeremiah Williams
LOL thanks moonboy. I have 700 AMPL. I'm just trying not to get fucked and warn other people.
The best time to buy this coin is when it's either AT 1$ or BELOW. That's when you have the biggest chance to buy a large % of the total supply.
This coin now is the 100s of total market cap, it's ridiculous.
LOL, retard because I'm exposing what you want to keep quiet? It's literally a pyramid scheme. Everyone hopes nobody else sells.
Jaxson Sullivan
>LOL, retard because I'm exposing what you want to keep quiet? It's literally a pyramid scheme. Everyone hopes nobody else sells.
If this is what you really believe, then you really are a retard, I'm sorry. You really think millions would be dropped on this if it were a ponzi scheme? Retard. Growth of something is not a fucking ponzi. RE-FUCKING-TARD
Dominic Cook
Protocol is legit. But at the moment it is acting like a pyramid scheme. The entire point is for it to be 1.009 $. Eventually someone who already made millions will start selling and trigger a downward spiral.
@All other anons, buy this when it goes to 1$ or lower. Anything else you're buying someone else's bags.
Jaxon Sanchez
It will not go below 1 for a long time. It will shoot to atleast 500m before that.
Carter Nelson
>The best time to buy this coin is when it's either AT 1$ or BELOW. That's when you have the biggest chance to buy a large % of the total supply.
Holy shit youre an idiot.
Andrew Jenkins
LOL this guy is a moron. If the price is below 1$, the supply will contract, making buying entire a higher % of the marketcap easier.
Read the whitepaper faggot.
Josiah Watson
>Eventually someone who already made millions will start selling and trigger a downward spiral. yes, that is the point of increased supply, to trigger selling, you damn idiot. Will that result in a downward spiral? No. Not at all. Downward spirals occur when something is fundamentally WRONG. The market will not react in such a way toward something that is functioning 100% as intended. There is no reason for that to take place.
>"Functioning as intended" There is no product, its a speculative scam with no use case. If you buy in now you deserve to get dabbed on.
Ryder Green
the use case is being the real bitcoin. a store of value on the blockchain. ampleforth is better than bitcoin for multiple reasons: 1. less volatility once a multi billion marketcap is reached 2. doesnt have its own chain, uses ethereum like a smart parasite 3. less wasteful to the environment because of this 4. lower transaction fees, faster transactions
Bitcoin has no advantages compared to AMPL.
Zachary Gonzalez
OP I just nutted deep inside your mother, go on and ask her how it feels. While you're doing that I'm going ALL IN ON AMPL
It takes a long time for the supply to contract again. That’s why people are buying even at $3. Because if it stays here for just a week, 0.01% of the supply is cheaper now than in 1 week when it’s 1$. But it’s not a stable coin. It’s not meant to be at 1$. It’s over right now because it’s undervalued in terms of market cap. The supply will probably expand until we hit a billion or so. Then it’s gonna drop quickly, then it’s gonna crab for a while with a lot of fear. And then a new greed cycle starts
Grayson Adams
nah, it will just moon and moon and moon and pay higher and higher interest rates (=inflation rate) and retards will pump this past bitcoin, this is going straight to #1 on CMC
Wyatt Gray
How much will AMPL worth once the market cap hits 1 billion dollars?
We don’t know what the price will be per AMPL, but you’ll have 10x the number of AMPLs
Robert Torres
You're either dumb, or you're dumb. Price doesnt matter here. If you buy at 3$ and the MC grown 3X AND the price is 1$, you are breaking even.
Bentley Taylor
So what happens when the supply starts contracting? You do realize it's gonna be the opposite of FOMO right? It's like leverage. It goes up quick, it goes down quick.
Wyatt Nelson
Well I currently have 100 AMPLs so I'll have 1000 AMPLs if the MC hits 1 billion? If each one is valued at $100 I might just coom
Landon Green
Your mother goes up and down on this dick real quick
Jaxon Allen
thats not how it works. if you 10x your amount of AMPL you are already at a 1 billion mcap. so the price will be the same it is now under that assumption, not $100
Zachary Evans
Ok gotcha. So I should just hodl and not sell anytime soon
Ryder Cox
lets be honest: nobody knows. this is a completely new concept, the only concept that is a bit similar is HEX, but unlike HEX AMPL is not run by a fat scammer who will dump his own shitcoin after bigpayday. AMPL has the interesting game theory of HEX while being more transparent and legit. I will definitely not sell anything unless this hits a 900 million mcap, then i will take out twice the amount of my inital investment and let the rest run.
