XBTC: I warned you

Everyone will fomo the other way when negative rebase happens. YOU LITERALLY LOSE YOUR COINS LMAO

It's still very low marketcap so I advise anyone who wants to get in to buy after the inevitable rebase dump and hold.

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We just had 3-4 days of negative rebases where I was buying and losing about 5% of my coins. Now up 50% instead of 60% hardly a reason not to buy a rebase coin. You need to learn more about what you are doing before you comment on crypto sonny jim.

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betting against bit is bold ngl

>thinks rebases matter
Well thanks to every retard thinking like you rebases actually matter. Same goes for positive rebases, people fomo in because you get ”more” tokens by holding.

Reminder that rebases don’t affect the market cap at all and if you take the rebase away the coin does literally nothing.

why would i buy this then

If that is true why do people buy and sell based on the anticipated results of a rebase? Ah, that's right, because it does matter.

I don't like how it was essentially stealing my fucking tokens.

That's not how negative rebases work, the entire supply changes, not just yours. You still had the same ratio of the market cap before and after.

Because others will buy it too, same reason AMPL did 100x within months and is still over 10x from the start of the pump. I have a 5k bag myself too because I know it will go up, the project and the team surrounding it are very solid despite the actual product relying on other things than itself. An altcoin doesn’t need to have any real use to become succesful and in the case of xBTC and AMPL it doesn’t matter if they don’t really ”do” anything if uneducated people think they ”do”
Though now that Coingecko defaults to showing mcap for rebase tokens this might change a bit when people understand it better.

It only matters because of how people act. If you disagree, can you show me how rebases actually affect the market cap?