Red pill me on Ampleforth

And what the hell is this rebase shit? Sounds like an infinite money glitch

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Has the potential to be, depends on how strong the collective hands become

YOU CANT LOSE

it's not, in summary, rebase is increasing/decreasing coins in wallets to stabilize to 2019 USD, many fudder trying to reentry because they sold and it's not coming down, great devs, coinbase founder investor, and room to grow

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>because they sold and it's not coming down

uh it's down nearly 50% tonight, the 27% rebase ain't covering that

First actual dip for AMPL since the geyser. I’m a fan but let’s see what happens next

Feels good buying this 38% dip

>uh it's down nearly 50% tonight, the 27% rebase ain't covering that
today's rebase not, tomorrow's yes, if the price stays stable

spoiler, it won't, it will go back to 4 in a matter of days

It'll take awhile for people to see just how big this will get as brainlets understand the longterm potential of this mechanism. Thought I bought late at $2 but couldn't feel more comfy with my now over 3000 stack

If I buy some right now on uniswap and store it in my metamask wallet, will I get a percentage of that rebase money glitch? kek it cant be that easy

Bros, I’m fucking sold. Unironically all in

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Are you a Texas fag? Explain this to a brainlet

Yes, Satan, but keep in mind that the price dips in correlation with the rebase, so if you have 1k AMPL worth $3k, you might end up with 1.2k AMPL worth somewhere around $3k. Could be a little more, could be a little less depending on the rebase and demand at the time

the same page that sold it to me, lol

>Explain this to a brainlet
buy now and dump at 1.05$

You will unironically have more money when this reaches $1

You can, and big, but hey, people gonna learn.

I sold high for DMG.

>buy now and dump at 1.05$
ur still wrong. they smoothed out supply over 10 days. even if this hits 1 dollar today your still getting crazy rebases for 1 week

>they smoothed out supply over 10 days. even if this hits 1 dollar today your still getting crazy rebases for 1 week
the following rebases will be priced in, people will panic sell below 0.95. dumping as soon as it reaches 1.05 (or 1.00 if you feel particularly risky) is the best opportunity to exit, also considering that the rebases should be less than 10% when it will happen

this fake flash crash is basically a small 5% dip, i can't believe so make people got shaked out

Guys you also have to understand that my fellow europoors are total niggers regarding AMPL and don't care to understand it. At this time of the day there are too many idiots spreading FUD around AMPL. Just wait and see how different it is 12h from now when the ameribros are here. Totally different sentiment and much more bullish. This has also to do with the fact that american hours are approaching the rebase and during europoor hours we have to deal with the daily dumps. Trust the technology, it is truly revolutionary

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if i buy today, do i get those awesome rebates?
in how many hours is the next one?

!WARNING!
STOP
!CHECK AMPL UNOFFICIAL DISCORD!
STOP
!THEY ARE TRYING TO DRIVE PRICE UP!
STOP
!SO THEY CAN DUMP ON YOU!
STOP
!RUSSIANS CONTROL THIS COIN!
STOP
!2DAYS REMAIN!
STOP
!YOU HAVE BEEN WARNED!
END

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10pmEST daily

being a europoor is fantastic if you hold ampl tho
>go to sleep while the price is going up
>wake after all the panic selling when the price is going up

Yeah this is totally coordinated. I bought at the top, but Im going to hold.

i really hope you lose all your money dude, totally annoying bot

buy now or is this pnd over?

even if you bought at 4, assuming that it will bounce to 3 today, you'll be breakeven in 2 days with rebases

think of why someone would care this much to fud it?

i bought more at 2$ right now, good discount if you didn't get in 2 days ago

what is a "rebase" never heard this word. is it like a dividend?

its the guy who sold his 20k stack 2 weeks back lmao

we just bounced user, so either buy now or wait for it to stabilize the price again

Sort of. Read the whitepaper

yes we will be at +25% rebates for at least the next 4 to 5 days

every night the money printer goes brrrrrrrr and every hodler gets a proportional piece of it

nah im good. if you cant explain how this works in a short paragraph then no ones going to buy it

even if the price goes back to $4 after a day?

can you FUCKING AMPLECUNTS bump my thread:
im trying to educate you DUMB FUCKERS

in what? more ampleforth or actual money?

it's like when the price goes up, except it's not the price but it's the amount of coins.

so if you bought 100 ampl at 4 (400$) and after today's dump you have 200$, tomorrow and after tomorrow you'll get +50% ampl in total (more or less), so you'll have 150 ampl in 2 days.

that means you'll be breakeven at 2.75 or something. or if you wait one more day then 2.30, which is the current price

Ok midwit

it is calculated by oracle price - price target * 10

YES

SEE

so what happens when the price goes up? do they shrink your coins?

no, the coins shink when the price is below 1$, and it won't happen for a long time, because the marketcap is extremely undervalued

shut up you stupid cunt. im an eth ico investor. ive been to the moon more than once

Damn why so hostile

so they control the numver of coins in your wallet?, they can add and remove your balance?