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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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29421743 No.29421743 [Reply] [Original]

Is this shit going back up? I'm fucking losing money.

>> No.29421854

As soon as BNB goes up

>> No.29421883

>>29421743
SUCH a cute coin UwU

>> No.29422030

>>29421743
why would literally anyone fall for this shit? it has zero use-case beyond perpetual yield-farming that will eventually crash down once whales feel like cashing out.

>> No.29422849

yes, $50 by next week unless the whole market dies
just look at the chart, the cycle is always the same: 6 days of relative crabbing, hitting a 3.5x from said crabbing, going down to 60%, then 2 days after the peak reaching 90% of the peak, and it all repeats again
tldr expect $50-$55 4 days from today

>> No.29422998
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29422998

Uhhh...you guys seeing this? They're making the farming experience into an actual fucking game. Make a profile, join a team, compete with quests, get rewarded NFTs they you can assign as your avatar? Leaderboards?

They're going to do shit like NFT cards made for partnerships given out to people who provide initial liquidity, and then have those cards give a 1.5x cake multiplier for that specific pool or something. They're going to make everyone want to provide liquidity on their platform just from the exposure getting an NFT on their platform will give.

When they open up a market place for this shit where people can trade their cards, it makes for a competition of people to collect as many as they can. Because then they'll be able to sell it after to anyone who wants to provide liquidity to that pool but missed the NFT minting for the multiplier.

Are you niggers not buying this shit? Really? The swap that just took the #1 spot from Uniswap on daily transactions? You're going to invest before this shit moons harder, right? Promise me you won't neck yourself when it's 150 next month?

>> No.29423031

>>29422849
at this point it's pegged to BNB it looks like, the candles are identical when you switch between the two coins

>> No.29423068

>>29421743
Just sell it now for Tulip. It's going to hit $1 and right now it's only a few cents.

>> No.29423164

>>29422849
pancake going to $50? hype

>> No.29423218

>>29422998

I was just about to say its too married to BNB like >>29421854 and >>29423031 said...
But this might be interesting... I'll stick it out.

>> No.29423471

>>29422998
and this is only possible thanks to the low fees on BSC. people and biz in particular don't seem to understand how much ETH's gas fees have hindered creativity and potential for new projects.

>> No.29423672

>>29422849
I ll get the equivalent of my year salary if it goes de $50 so with my luck it wont happen. Sorry guys.

>> No.29423865

>>29423672
yeah it's not going to x5 UNI's mc in a week

>> No.29423866

>>29423672
just wait, ygmi

>> No.29423992

>>29423865
$50 would put cake at 0.73 of uni's mcap dummy

>> No.29423996

>>29422998
lmao, you hid the address but not the username, which is directly linked to the address

>> No.29424040

>>29421743
this is as high as its going to get. switching to quickswap.

>> No.29424054
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29424054

>>29423471
Yup. With how cheap things are, people wouldn't mind pulling out their liquidity and putting it into a new pool for a contest with a prize. And the platform won't mind nutting and giving NFTs as airdrop rewards to those who complete the quests/competitions because they won't pay out the ass in transaction fees. You won't see something like this on ETH to this capacity because it doesn't make sense. SpaceSwap has NFTs in their farming but you need to buy it from them because ETH is too expensive for them to foot the bill. But Pancake swap ALREADY airdropped free NFTs to people who made their profiles before a certain snapshot and said they will airdrop more down the line.

Make a portfolio, it only costs 1.5 cakes to do. You'll get NFTs from the platform next time they air drop. They'll make a collectables page tied to your display name that you can show off, because one of the largest issues with NFTs so far is that you can't easily show off your collectibles to people. People laughed at them for the cutesy art style but is serves the purpose of giving them a marketable brand. People WILL want to collect these, just look at their Twitter and Telegram. They're not exactly targeting the /biz/ market, more the young investors markets that we see budding on Tik-Tok and YouTube.

>> No.29424138

>>29422998
stupid nigger its just a dumb way to burn coins. stay poor ethfag. hows your gains ???

>> No.29424222

>>29423031
I hold both, so I'm hoping for BNB too, but cake seems to be more affected by pumps as well as dumps, due to lower market cap, I guess

>> No.29424247

So how do you guys farm or pool? I want to get into it but unsure how much I should commit

>> No.29424265
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29424265

>>29423996
I don't really care if someone sees my address honestly I'd just rather not have it in immediate plain sight. Anyone is free to look at my wallet. Also just wanted a reason to shoehorn Lum into it. The purpose of these profiles will inevitably be to show off your achievements and NFTs to others. So it's no secret really. I'm sure they'll add other things like friend requests, following, profile comments, etc to make it a more social experience. They're ahead of the game with what they're planning for this platform. The big issue with DeFi is its unmarketability to normies. This is how they're tackling that issue.

>> No.29424376

BNB, BURGER, BAKE, CAKE comfygang

>> No.29424378

>>29424054
that's actually pretty clever marketing from them. UNI trannies BTFO. plus, their lottery is actually very good, and the odds to win 2nd prize are very decent. I calculated that staking with a yield of 2 cakes a day and reinvesting these 2 cakes into lottery tickets has a higher yield % potential than simply compounding into the pool.

>> No.29424506

>>29422030
its use case is as a prototype for future e-casinos

>> No.29424546

>>29424138
Uhh, what? My gains are just fine. I got into CAKE at like $6 or so...I've got lots of money in ETH and BSC. SUSHI is also aiming to market to normies more; both are making smart moves in doing so because it's an untapped market. They already have the hardcore crypto enthusiasts, the next step is to get people who only buy shit from a Coinbase or RobinHood to learn about DeFi. Some of that comes with cutesy whacky marketing and mascots, but that's to make it feel less intimidating. Go to fucking Curve or YFI's sites and you feel like you're looking at a finance textbook in web format.

>> No.29424563

infinite supply with inflation rate set at cz's whim

>> No.29424776

>>29422030
>it has zero use-case beyond perpetual yield-farming
What is the use-case of UNI that justifies a 5x bigger market cap? Nothing? Thought so.

>> No.29424783

>>29424506
So its only useful trait is that it will eventually be overtaken by something better? Not very useful to me.

>> No.29425096

>>29424054
as a poorfag from shithole country i do only have 26 cakes, is it worth it to put 1.5 cakes still?

>> No.29425252
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29425252

>>29422030
I don't think you understand how decentralized exchanges work. You think Uniswap just magically has liquidity on hand for all your shitcoins? You think people would realistically incur the risk of Impermenant Loss without getting fairly compensated in some other way to offset that very realistic possibility? Imagine not investing into Sushiswap last year because of this same exact reasoning. Unironically filtered and not going to make it.

Let me break it down for you a bit easier.
>Platform NEEDS your liquidity to function
>You loan then your tokens
>In return, they provide you with LP tokens that you can use on their platform to earn APY
>APY pretty much gives you a paycheck for providing your much needed services
>The platform will develop ways to utilize those tokens in smart ways that prevent you from just instantly dumping them
>Examples are staking to compound gains (already implemented), currency for lottery system (already implemented), currency for NFTs that burn supply (potentially down the line), voting power in governance votes (already implemented)

You're rewarded for helping the platform grow. The platform needs you. In then, YOU directly benefit from the platgorm's success. You think they're spending money on marketing, designers, giveaways, etc if they don't have a long term goal in mind? Take a look at their Twitter and how aggressively they're marketing. You're not doing enough research here. Look at the volume of money that goes through this exchange and tell me people are just going to dump it all at once. Again, just look at SUSHI and imagine not getting into them back in September or November because their token "does nothing."

>> No.29425277

>>29422998
>>29423471
>>29424054
and this is why BSC is absolutely going to flip eth. our growth has been completely stifled by eth for a long time and here is a revolutionary blockchain to bring the change we need.

>> No.29425442

>>29425252
You've convinced me anon. Will buy the dip on CAKE and BAKE.

>> No.29425473

>>29425277
the people who are seething most are the eth whales, I don't think people talking about bsc centralization (other than the whales) understand how centralized eth distribution is

>> No.29425567

>>29424563
>infinite supply
same as eth :)

>> No.29425765

>>29425473
All the ETH shills pretend like the DAO never happened. ETH has always been centralized.

>> No.29426434

>>29425252
so comes down to useless NFTs for autists, right, got it.

What a fucking stupid post

>> No.29428197

Stake CAKE n chill. Its the best project around by far

>> No.29429522

>>29425765
or like it's not 70% premined

>> No.29429700

>>29426434
What can you do with the UNI token, and how high is that? Fucking retard