OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap v2 (Ethereum)
Description
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Listen, it was fun while it lasted; Printing unlimited free money every eight hours? Wow, great project. The truth is, that everything comes to an end. Don't be that guy who refuses to take profit. We are going LOW. How low? Low enough to emotionally, financially, and spiritually destroy you along with your pathetic little portfolio. All you had to do was listen.
Let me ask you this (as a person who has not bought it) once the sellers are flushed from the system, and the remaining holders are generating a higher staking yield in terms of tokens, not dollars, don't you think that the trading public will begin to buy in again at the lower prices into a tightened supply? This could be huge over the extreme long term. It's important to keep in mind that this project is in its infancy and it is far too early to forecast it's doom, since it will continue to exist for many years to come.
So_Cratee
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@bradleylitwin, I have no doubt that Olympus will be huge over longer timeframes. The trading public will be unable to buy back because most of them never sold. They only know how to buy and they will.
So_Cratee
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You can call me crazy, you can tell me to take my meds, you can tell me how you are bullish on OHM long-term, but what you can't do is read a simple chart right in front of your face. All you had to do was listen, but because you do not recognize a great teacher when you see one, the market will have to teach you instead. Buckle up.
s_proper
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@So_Cratee, This is when you begin setting targets to load up. What you do not understand is that this is not a stock or doge coineven after this drop I am still making money and if it drops another 50% I will still be making money and even if it drops to Treasury value - I will still be making money. While people panic and sell I am setting lower and lower targets to add more, and while everyone will be in panic mode, I will be accumulating and getting massive interest rate and when people return for another bull run and will want part of the treasury profits- then I will be taking money off the table. Like I said - this is a long term investment, and you do not need to read any charts we knew whole market will implode and crypto will go with it. And we have cash on the side ready to take things at bargain prices
I think short term there is risk but long term this project will outperform everything else and provide massive returns.
Many do not understand the dynamics that are unfolding within a project like this but if you look at this simply OHM simply allows you to pool liquidity and distribute that liquidity to who ever needs it to earn profit.
Core thing to remember is that this project actually holds cash in forms of assets that it uses to generate a profit, price of the OHM token is driven by demand for that profit. Basically we price some of the profit OHM will produce in the future in to current cost of the token, this is very similar to how we price stocks, yes the company maybe making billion a year in profit but it may have $40 billion valuation. We do not call it a pyramid, we simply know this is how businesses work.
Olympus DAO is a business in liquidity markets, it has treasury assets they use to make money, so they are profitable and with massive liquidity returns being incredibly lucrative right now we can expect the treasury to grow rapidly, even if "investors" will pull money out and drop the price of OHM, they are unlikely to get to the point where treasury will need to back OHM tokens so even if there is a selloff Olympus will keep its treasury and continue to generate massive profits for its investors.
You have to understand where Olympus is going - they want to make money by providing liquidity and they want people to invest long term and hold the token so DAO can use it to make money by providing liquidity, in return DAO will generate "shares" more rapidly for early investors so that they get larger share of the future profits if they keep holding the token.
Looking out few months to a year I see rapid expansion of treasury assets from profits and decline in interest rate to reasonable levels, and those who got allot of ohm will benefit greatly from stable income generated by the treasury.