BZRX holders have been telling you guys that it'll be the comfiest of holds, and that it will pull an aave style run up to the 100's of millions of MC.
Look at the 4hr chart and tell me this thing is not ready to blast off.
If you buy in to BZRX now you're also getting a community which is completely devoid of moon boys. The alt run ups in the last few days drew them all away from BZRX, and yet everytime we dip to the bottom of that channel we get bought right back up... It even didn't dump during the Eth dump yesterday.
This'll probably be your last chance to get in, as next week is launch week and we already are starting to see BZRX get included in liquidity mining projects like Mooniswap and Ham finance.
IMO BZRX is going to be the last moonshot in Defi, and after that the narrative will be DAO's + Eth 2.0 primarily.
but it's already "100's of millions of MC" diluted??? LMAO
Cameron Carter
You don't have to worry about any additional supply until the beginning of next year, all vested bzrx is locked until then, and BZRX will have already done a 10x by then.
Have you been in BZRX for long? I was an early 2020 holder of LEND, PNK, and HEX, the same signs are there for BZRX.
The characteristic is basically a slowly appreciating asset which has a product behind it, which has a tendency to shake out weak hands via predictable low liquidity swings. BZRX even has the hate-ability of Hex because of that exploit they suffered.
Holding BZRX now feels like you're going nowhere, but in reality you're just experiencing an accumulation trend before it starts going parabolic, as evidenced by the constant stream of higher lows.
Liquidity mining is going to send this through the roof, as yield farmers don't care about public image of a product. Checkout this from today, the guy went on to pool his BZRX in mooniswap and they only just announced that:
This is my biggest bag. Have any of you guys put any in Ampleforth's new geyser?
Liam Mitchell
People talk a lot about if we're in a bull now, but those who've been here since 2016-17 know that the turning point was the start of this year (though to be honest we didn't know it at the time)
I have not, but worth looking in to. BZRX being under the radar means a lot of these yield farming setups are going to give outsized rewards to bzrx, but probably not for long.
Brody Miller
AFAIK, Mooniswap is moreso about preventing front running via slippage, but I'm going to do a bit of research on it now and see what the story with it is.
Bentley Hernandez
>but those who've been here since 2016-17 know that the turning point was the start of this year (though to be honest we didn't know it at the time) and so, pride has consumed him
Andrew Myers
checked.
please let me know what you discover. im keen to know more about this.
Eli Clark
I wouldn't say pride, I'm scared as fuck at the moment that we're having a massive correction where Eth may go sub 200$ again as the DEFI boom is probably just intra market capital movement rather than outside capital coming in.
But early 2020 was the time get in on defi, so it historically will be a point where people look back to and say "if only I bought X here".
Joshua Garcia
My suspicions were correct, Mooniswaps AMM prevents violent swings in price over a short period of time.
If you want to pool your BZRX with Ampl, go for it, but if BZRX takes off in price you might get cucked with impermanent loss just like with Uniswap pools.
Ryder Nelson
I see maybe you're right
to me, it's still too good to be true, my portfolio beat the market, hard, it doesn't matter how long I spent here, I'm not a trading savant, lady luck is gonna call it a night sooner or later best be polite
Thanks for your help. It's no fun being mathematically challenged. At this point it probably makes sense to just wait for bzrx to go live and stake there?
Jack Cox
That's what I'm going to do. AAVE and SNX are the other two big guys when it comes to staking rewards, but AAVE has yet to release that feature, and SNX makes you lock rewards for 12 months.
BZRX may have been paused for a few months, but they might make it to market first in this regard.
The only thing keeping me going is that I feel my fear may be unjustified. For example, I'm basing my feel on when the bubble should be over based on my returns. In actual fact though, Since we were here from day 1 of this cycle, we feel right now how 2016 BTC buyers felt mid way though 2017, and things didn't even really get crazy until the end of 2017 for them.
Have you seen google trends for various terms? It's worth keeping an eye on, and maybe you'll see we MIGHT be entering the last phase of this run up where the insane money is made:
>that it will pull an aave style run up Please I need this
Jaxon Gray
btw, it's hard to get a feel on defi mainstream penetration, as 'defi' obviously means something else as well as it's seems to have an ongoing baseline level of interest
Michael Diaz
You and me both, this _might_ be my make-it coin if they don't fuck it up.
I also talk to a lot of big brained folks who are very bullish on it, and as a counter signal I notice most people are apathetic to it. Those are two very good signs IMO, as it means we're unlikely to see a sell the news even as the current holders are in it for the long term, and there has not been an exponential runup in anticipation of the launch yet. We're far more likely to see whales organically buying it to yield farm.
Blake Harris
Another proof of that strong hands hypothesis is that the BZRX trend gave zero-fucks about the Eth selloff yesterday, proof of strong hands basically right on the chart.
Connor Baker
We are nowhere near the peak. Bitcoin didn't even breach ATH. Total marketcap still < 400B. Early as fuck.
Joshua Hernandez
I hope so man. Having seen two failed rallies over the last two years, I can honestly say this time is different.
The last two rallies the only narrative was "going back to ATH!", whereas this time everyone has given up the fumes of 2017 and we actually have 2 legit narratives this time around:
1. Defi validating Eths entire value prop 2. Global economic uncertainty giving BTC it's store of value narrative again 3. Halvening occurs right before a massive period of QE.
Ryan Foster
Should I sell ARPA to all in on bzrx? Only two coins I hold
Dominic Sanchez
I don't know much about ARPA, so can't really comment. It also depends on how much "all in" would amount to. If you have 100k+, then I'd diversify in to some other projects as well.
Jace Moore
10.2k stack here, will I make it?
Luke Watson
A 5x is possible at the lower end with this one IMO, so perhaps not make it but you'll do well sir
Mason Lopez
you’ve summarized it well
Sebastian James
Staking when?
Ryder Smith
Before EOM if the teams promises are to be believed.
