STELLAR FGTS GET FKD!!!!!

You’re such a charitable person worrying about people losing money.

>Came here hours too late
>Coin was at 630
>Bought at 635
>Sold at 931

are you fucking dense? It in creased in price already. Fucktard, please tell me what is a fair price for a coin with a trillion token supply meant to facilitate transactions on the network? You are not buying fucking shares in a company you idiot.

This coin is actually being used by the financial services industry. It should be top 10 market cap. What other coin is actually being used right now for its real intended purpose?

BIC pens are also used in the financial services industry right now. Do you understand what drives price? You say it yourself
> for its real intended purpose
ask yourself, would you hold or flip this shit coin if it ever were to hit $0.50, be honest

>IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM
IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM IBM

Dude I don’t think YOU understand. Price is a function of supple and demand. Supply has not changed but demand has. Financial service companies using IBMs platform need XLM so they will need to purchase the coin.

Agreed. Goddamn it's frustrating.

> muh trillion tokens
the scale of the units is irrelevant? it's about market capitalization and nothing else.

> BIC pens are also used in the financial services industry right now.
bic pens don't fix systemic friction in global monetary mobility, so its a stupid fucking analogy.

> ask yourself, would you hold or flip this shit coin if it ever were to hit $0.50, be honest
i'd look at the market cap

You fucking faggots are retarded beyond believe. And its all because you take market capitalisation as fucking gospel. Google what that word actually means. Hint: its a term for retards like you two. Taking supply * price is not how market cap works. Do a bit of thinking with your brainlet brains and you'll understand.
Again, you are not buying shares in a company. The price of the coin does NOT reflect the value of the company. Do you fucking get that?

Also how is the scale, nature and supply of the unit irrelevant? Tell me again what is the intended purpose of the coin and why you think huge volatility in prices would suit this purpose.

...

Yeah we’re the dumb ones.

Yeah great replies faggots, well done. clap clap. Enjoy your bags

and ETH only mooned cause pajeets started making coins on it

There is literally nothing that could convince you otherwise. Why waste time?

Literally news on the front page of Fortune Mag is not good enough for you.

Not enough info to price yet. What is the token being used for? How much additional demand? The exchange price is mainly whale games in any case, so the way i see it if the info justifies a megapump then thats what we'll get. If the devs fud the token price then there'll be no fish to dump on.

fortune.com/2017/10/16/ibm-blockchain-stellar/

>buying at 900
>selling at 350
Normal Veeky Forums behaviour.

One more time retard this would be relevant if you held shares in IBM or Stellar or whatever. Do you understand what actual market cap is? Do you get the difference between market cap in crypto and actual market cap when we talk about companies. Buying lumens does not pay dividents, does not allow you to take part in shareholders meetings, etc, etc. You are buying a token meant for facilitating transactions on their network. This is what you are buying
> Each transaction has a minor fee—0.00001 lumens—associated with it
> As of 2016, one lumen will cover 100,000 transactions
> he Stellar network has a built-in, fixed inflation mechanism. New lumens are added to the network at the rate of 1% each year
So once again, you are not a shareholder. Neither in IBM or Stellar. Do you get the difference. Instead you are holding an inflationary token in hopes to flip it for profit. Do you get the difference.

If a financial services company is gonna use IBMs network to send a wire then they need XLM. They can’t just pull XLM out of their asses they gotta buy it from the market. They have to buy my bags and I’m not selling for cheap and neither should anyone else.

AHHHHH ITS BEEN DIPPING FOR 2 DAYS NOW AFTER GOING UP 100%+. FUCKING SHITCOIN HAHA BAGHOLDING FOR 2 DAYS WOW U R BAD TRADERS! BUY LINK PLS.

To be honest. there's 1 trillion xlm available. so the supply > demand.

It’s not going to go to $1 per token any time soon. I’m not suggesting that.

i think the other guys point is yes, they will need to buy xlm, but they won't need very much to get their transactions through. so if they don't need much, the demand won't be there?

It's never going to $1 / XLM.

Why would anyone use such an expensive token?

You fucking idiot my god. Yes they have to fucking buy lumens but theres a fixed inflation mechanism in place. It would serve nobody any good if inflation of a transactional token was negative. They even published the cost of 100k transactions and there are over 100bn fucking tokens out there right now WITH the inflation rate already published. So your bags will not suddenly shoot up in value no matter whos on that fucking network you dumb fuck. Do you understand why this is? Do you have an actual argument beyond your circular reasoning.

>They won’t need much to get their transactions through

Friend, if your grandma wanted to send you a gift of $10,000 from Indonesia to you in India then the financial services company would need to send about 333,000 XLM. Now imagine IBM has a lot of customers making transactions in the hundreds of millions or even multi billion per day or week. That is a lot of XLM

You’re talking about transaction fees. They still have to send (and purchase) the equal amount of XLM of the transaction.

To a financial services company the cost doesn’t matter. If they are sending $100k they will either buy 100,000 XLM or 1,000,000 XLM either way to them the cost is the same.

The fiat value is what matters because the XLM is just facilitating a cross border transaction where in the end the value will be converted to fiat.

First of all I'm not talking about transaction fees, I'm talking about the token in general. Again just for you retard
> the Stellar network has a built-in, fixed inflation mechanism. New lumens are added to the network at the rate of 1% each year
in other words, inflation is set by the network. Now what do you think will happen if suddenly fucking Deutsche Bank needs to pay a surcharge of 10% on each transaction because of your bags? Thats right, fixed rate inflation will change from 1% to 25% or whatever Stellar chooses. Second of all
> send you a gift of $10,000 from Indonesia to you in India then the financial services company would need to send about 333,000 XLM
Did you just pull out this number out of your pajeet ass?

> the cost doesnt matter
> the fiat value matters
absolute retard... my days, do people even take you seriously?

Jeff at Bank of America is buying a house in Scotland so he has to wire £100k to an escrow company in Scotland. Bank of America withdraws the equivlent of £100k from Jeff’s bank account including fees and difference in exchange rate in order to buy £100k in XLM. Today the price of XLM is £1 so BoA only needs 100k XLM, if the price per XLM were £2 then they would only need to buy 50k XLM. The XLM is purchased and send to RBS which sells the XLM for fiat and credits the escrow company’s account.

Calling people retards doesn’t give you more credibility.

Thanks

so now what?we hold until the trend reverses or cut losses?

OP wants you to sell your bags to him at a discount.

> Each transaction has a minor fee—0.00001 lumens—associated with it
> Each transaction
Dumb fuck, each transaction. Show me where the fuck you are getting your numbers from. Give me a source, a quote from lumen. Do you get what the token is for? Hint for you: its not bitcoin. You don't need X amount in XLM to send X amount in $.
> If you plan to transact on the live network, you’ll need lumens to cover the base fees for those transactions.
Show me where it says otherwise.
stfu people are talking in circles itt, give me a fucking argument.

Do you fucking idiots get that money doesn't grow on trees. It says right fucking there on their network that the asset is inflationary. With the current rate set at 1%. Do you think this rate can't change? Dumb fucks. You have no say in this, you are not a fucking shareholder. You are fucking pajeet posting on mongolian bread baking board.

The numbers I used were pulled from my ass but it doesn’t change the arguement.

>Do you get what the token is for? Hint for you: its not bitcoin. You don't need X amount in XLM to send X amount in $.

It’s used the same way as BTC, as an exchange of value. You could change every time I said XLM in the previous post to BTC and the arguement would be the same. BTC = representation of value= XLM. They could use BTC instead but it’s slow and the fees are high.

No its not you dumb cunt. Its not. Think about it you idiot. Does bitcoin have inflation. No. Its deflationary. Go to their website, click fucking "Lumens" that you hold so dearly. Go the fucking FAQ, read it right there. Once again for you dense motherfucker
> First, lumens play a small anti-spam role. Each transaction has a minor fee—0.00001 lumens—associated with it.
> Similarly, the Stellar network requires all accounts to hold a minimum balance of 20 lumens.
Its not a store of value like bitcoin is. It would make no fucking sense you dumb cunt. Nobody would use the network to transact. Read what you are investing in. Fucking retard.

You hold a T R A N S A C T I O N token. Spelled it out for you so it fucking fits into your dumb head. You are not holding bitcoin you idiot.

I never said I’m holding BTC. I’m saying the sending bank needs to send X amount in fiat to the receiving bank. The XLM just represents the X amount of fiat. XLM acts as a representation of value. The amount of XLM sent is gonna depend on the market price of XLM and the amount the sender needs to send. Again if the sender needs to send $100k and the market price of XLM happens to be $1 then 100k XLM will need to be sent by the bank sending the transaction.

>Under the new blockchain arrangement, banks will conduct the transactions using Lumens, and then rely on local market makers to convert the Lumens into local fiat currency.

fortune.com/2017/10/16/ibm-blockchain-stellar/

nah man, i'm on your side here but you're wrong lol.

no matter how much money is being transferred, only 0.0001 or whatever XLM is required

> the XLM just represents the X amount of fiat.
Again with the same retarded shit. SHOW ME WHERE IT SAYS SO you fucking shill. Give me a source. I literally just quoted from their own website above. You are just fucking coming up with shit as you go don't you. Show me a source for your bullshit pajeet.
> Again if the sender needs to send $100k and the market price of XLM happens to be $1 then 100k XLM will need to be sent by the bank sending the transaction.
SOURCE on this.
You don't fucking understand what the token is for. One more time and I'll keep repeating it, its not a store or exchange of value (value would be lost with fixed rate inflation).

See
The amount of XLM sent will depend on the market price of XLM

XLM does not facilitate funds transfer, it sends payment orders. Is this even correct lol?

See
All this fud and you didn’t actually read the articles.

>he's actually right
holy fucking SHIT lumens is going to MOON i'm going even more all in

>fortune.com/2017/10/16/ibm-blockchain-stellar/
Give me a source from Stellar you retard. Not some bullshit article written by some idiot. Source from stellar. I quoted directly from stellar, are you telling me they are deceiving token holders?

See I told you not even the front page of Fortune is good enough for you.

> what is a retraction
It should be sooooo easy to give me a source, anything at all from stellar themselves man I dont know why you are struggling so much

Stay poor bozo

...

> no official source from stellar
HAHAHA
fucking pajeets man
For everyone, think about this critically. Arbitrary fixed exchange rate can not be associated with something meant to store or transact value. Ask yourself this, in a setup where you would need to hold XLM to send $, why would you need XLM at all? Why not use any of the other currencies. Which setup is more likely, one where XLM is used purely to cover base fees, to act as an identity proofing token, to act as a deterrent against ddos and other mass service denial attacks as described on the official site by stellar themselves. Or the bullshit that pajeet pulled out of his ass above.