What am I not getting? AMPL is literally just a cosmetic overhaul for the price mechanism of other coins.
It's a novelty coin where it pumps and dumps the same as anything else, but instead of price going up it's a pseudo-stablecoin, where the marketcap is what matters.
There's nothing that keeps holders from dumping their bags. No locks, no penalties. No way to become a stablecoin in the future.
You just dump your gains on the next asshole before he figures this out. Plus the devs keep dumping their 90% premined coins on your head while you hold it.
If you've bought bags that are down, I really feel sorry for you, because of how much it was shilled here.
Overall it's just badly designed and going to keep getting people rekt, if they don't understand that AMPL is just a novelty coin.
It really is. I don't know why people refuse to see it.
Nicholas Gomez
Got 14x. Didn't get out of the absolute top though.
Grayson Fisher
That's pretty good. The project may be bad, but gains were made anyway.
Eli Moore
its literally just the beginning for AMPL lmao
when was the last time a coin went from 5 million to 700 million market cap
buy the dip and sell when it goes to Top 10. Thank me later
Samuel Thomas
Sorry man, but it's the end and you're late. It may bounce a few times on the way down, but it's just not fit for what it wants to accomplish. As soon as people see it MC will plummet.
Jaxon Martinez
Do you think at a high market cap for example close to tether market cap it will be more stable? The appeal to rebases is it is suppose to add selling pressure to keep the price where it needs to be; the same goes visa versa where negative rebase encourages holding. It's true nothing stops whakes from dumping their bags but thats not whats happend here if you look into it. This coin will be mega useful as an uncorrelated to bitcoin, it will be stable at higher market cap and can offer liquidity on demand.. There is much more upside potential but please dyor instead of asking Zig Forums
Nathaniel Gray
You could not be more wrong about it...
When it hits $1.25 again, it will get the zoomies..
Dominic Ramirez
I'm still waiting for the big news the will announce this week. Still holding 25% of my portfolio in this, already cashed out my gains tho
Joseph Carter
I don't think there was necessarily big news planned, just news.
Nathan Jackson
Am I getting it right, It'll burn some of your coins every 24hrs?
"Thanks for being a long term holder, we'll just ehhh, take some of that profit, kthnx"
Caleb Anderson
It needs a high enough liquidity to balance out price fluctuations and become semi-stable. If it would get to billions in MC, that could become possible. But due to the fact that it doesn't provide a big enough incentive as a liquidity provider, I don't see it getting there. The more coins you get, is not such an incentive. It's basically the same as price going up in other coins.
Also people don't really care about it's potential at becoming a future stable coin. It's just a buzzword to get plebs hyped. People care that it went up high and fast, but I don't see a reason for that to continue.
Liam Fisher
>all coins that work start out with at least 1B MC, just like bitcoin did. nothing can grow. nothing can get listed on coinbase nor become part of makerdao to increase investment. trust me, i don't have a dad so i know these things ok
Kevin Cox
your share of the marketcap stays the same with the rebases. your profit depends on when you buy or sell. I am buying now
Daniel Wood
The IQ meme grabbed the final bagholders. Everything is a meme. Especially the market cap. Increasing price plus 15 percent instant circulating supply increase equals massive "marketcap" increase. Do that for two weeks straight and people think it is something worth getting into. In reality a few early investors made out like bandits by scalping a few hundred bucks from thousands of Indians and 5-30K from each twitter/bizlet.
Jason Gray
Your share of the MC stays the same in every coin. In AMPL it is just cosmetically redesigned to do the same thing, but by giving you more coins, even if they cost less, instead of the price of your share of the pie going up as it is in other coins.
Carson Gutierrez
Although I'm not for, just getting plebs rekt on shitcoins, this indeed was the way to play it for those who wanted to make the most out of it.
Brandon Green
Don't get yourself and others rekt on this garbage stablecoin.
Cooper Richardson
It actually would work extremely well and be extremely stable if widely adopted. It would actually be incredible because the rebases would be so miniscule and the supply would never dilute. I'm not sure it will ever get there.
If you look on the website it clearly says that the first stage is just a diversification asset, acknowledging that it would take mass adoption for it to function like a stable coin.
Ian Hill
I own a big bag. It’s designed to dump at least 15% every day while other coins moon. It has truly de coupled from btc and every other coin. What’s not to love ?!
Nathaniel Baker
It is an absolute scam that has been around for years and only got picked up now because of an insane influx of newfags It is no surprise the vast majority of accounts in ampl are new
Ryder Cooper
Reeeeeeeeeeeeee I want to sell the rest of my bags, but will get REKT when this shit pumps, I know it, but hodling I fear I'm missing out on everything else pumping reeeeeeeeeeeeeee My stack was $16,000 last week I was getting drunk and didn't sell the top REEEEEE
same i dont want to sell at loss gonna hodl 2 more weeks i guess
Josiah Bailey
Feels bad fren. Hope you make it through. It's hard to find good coins, especially on biz, since most of the new ones are just pure hype and zero value.
OP is king fud. This. And this. The VC investor quality and talent are unparalleled. They want to win. The whole thing. A coinbase listing & site tutorial is one of the largest/best plays in all of crypto atm. OP is wrong. Dead wrong.
Kevin Morris
>The VC investor quality and talent are unparalleled The only project in crypto with a stronger team and investors is RSR. Disclaimer, I hold both.
Eli Lewis
Even at tethers mcap it won't be stable. When btc (and eth, and other popular fiat on ramps) pumps/dumps it'll experience a corresponding change in demand. This will cause the mcap to fluctuate which will a.) Cause holders' valuations to fluctuate which defeats the purpose of a "stable coin" and b.) Cause the actual price to fluctuate because rebases, and response to rebases are slow.
Its an absolute shitcoin. Theres no collateral, and price adjustment and investment in the price adjustment mechanism happen on the same coin. Absolutely mind bogglingly dumb.
If you're reading this and you made money on ampl, then great! Dont confuse a pump with a project that has longterm legs, though. Ample does Literally nothing besides temporarily inflate its own mcap at the top of pumps and vice versa for the bottom
Colton Robinson
I'm not wrong though. Everything I've said is true. The project is very flawed, due to all of the reasons I've mentioned above.
The impressive amount of liquidity they're able to offer on Uniswap is the really neat part here. No other coin even comes close. Got a small stack and just letting it ride 2bh
