is this bullish?
Is this bullish?
HAHAHAHAHAHA bitdao fags lost $100 million from their treasury HAHAHAHA
lol we didnt "lose" anthing
the treasury hasa shit ton of ETH and ETH took a dive today thats why
merge is coming and the treasury will easily recover and then some
I'm getting LUNA vibes...
>loses $100 million
>still the largest treasury in the market
seethe harder
youre either delusional or know nothing about bitdao
LUNA has zero fucking backing and has turned into a shit coin
>no fundamentals
>dominated by swing traders
>backed by jack shit
Bitdao on the other hand is backed by arguably the most liquid treasury in the market considering they have half a billion dollars worth of stablecoins alone. and thats not even considering all the other holdings
I know your question is rhetorical and it's just a shill, but go on. Tell me why a large treasury is bullish, user.
look, some faggot finally realized how biz humor works
>tell me why a large treasury is bullish, user
its unironically very bullish
Ok, why? What does the treasury have to do with token price?
The entire reason behind creating a DAO is for the community to be voting on decisions they find fit enough to make profit from the community as a whole.
So basically the more successful decisions a DAO community votes on making, the faster and larger their treasury grows.
This treasury powers the DAO. It is responsible for funding all the ventures and projects that the community wants to get into or create entirely from scratch.
More importantly, this treasury is the main backing behind the native token of the DAO. Meaning the more massive the treasury is the more powerful the DAO token is.
This can be tricky sometimes because the size of a treasury alone does not always matter.
Uniswap for example has an impressive treasury but it mostly consists of native tokens (UNI) to the point where almost 99% of the treasury consists of native tokens.
This is exactly why BitDAO's treasury is "bullsih" overall because its fucking massive yet extremely diverse
I really hope YOUR question wasnt rhetorical cause this took me a while to type kek
DK bought 42000 bitcoin at $36000-42000 and then bitcoin crashed below $20000
kek oh no no no no bitdao fags. the merge is definitely a sell the news event.
>someone actually being helpful, informative, and not trolling on biz for the first time ever
is this a sell or buy signal?
It wasn't rhetorical.
DAOs are a nice idea, but at the end of it, you're still having to place trust in the community to carry the future of it, right? This seems like a feature on paper, but isn't it more like a flaw? Is the community really the best party to carry its future?
Also, this feels a bit like a "if you build it, then they will come" mindset, but has the treasury managed to offer any competitive amounts of funding for projects to further the project? Is there anything on the horizon? All I ever see are treasury posters.
hes talking about BTC not ETH? are you slow?
>the merge is definitely a sell the news event
the merge is what the entire market needed in the first place. FUDing ETH cause its "cool" doesnt really make you cool
if anything, the merge will boost BIT
theres literally 260k ETH in bitdaos treasury
bullish
based
i get where youre coming from and yeah sometimes i think the same, but thats what absolute democracy really is so...
also yeah as far as im concerned theyre funding a couple projects (zkDAO from ZkSync, Game7, EduDAO) and theyre also launching their own L1 soon, so pretty good stuff ngl
sell
How is it a sell signal?
4chaners are retarded, selfish, larping beings and they will never offer help for the community even if theyre getting paid for it
Red-ditors on the other hand are very stupid when it comes to crypto but always have a sense of urgency when it comes to helping the community
this guy is obviously a Red-ditor ad you can tell by the spacing. but he doesnt sound dumb, he's actually very informed
this means that more and more Red ditors are leaving that shit website and coming over here.
Red_ditors are still not acustomed to the trolling and larping that happens on Any Forums so we can now easily target them, make them buy our coins high, and then sell them back to us low
this looks like a buy signal to me
Holy fuck
You actually took the time to type this. this is time you could have been trying to acquire females with but you decided to come up with this conclusion instead
I have to say though, your logic is very reasonable I'll give you that
i buyeded
wen L1?
I'm staking so idgaf lmao