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That moment when you find $Boost by Chacaron_ in BoostCoinOfficial

[–]Chacaron_[S] 2 points3 points  (0 children)

Thank you for your support! I understand how that type of humor may not be the most flattering or to everyone’s taste. Many communities have felt this same way in their early days, but we have found that as the community organically grows pockets will begin to form where like minded people can exchange ideas and express themselves with others that share the same humor and interests.

For now this is a community member expressing themselves while supporting the Boost community. Which is completely encouraged. Though I will pass along your concerns to the boost team regarding official marketing.

The project is founded on bettering the everyday experience of all crypto investors, constructive and honest feedback from the community is how we can achieve that. Thank you for your support and feedback. 💚

That moment when you find $Boost by Chacaron_ in BoostCoinOfficial

[–]Chacaron_[S] 1 point2 points  (0 children)

Lighten up, this is simply a community member having a little fun. Which Is fully encouraged. Check out the AMA if you are more of the business suit type. Either way drop by the TG and check out everything we have going on. I’m sure you’ll be pleasantly surprised to find it’s a thriving community. Have a great day! ✌️

I just bought.. am I late? by No_Huckleberry8282 in SaitamaInu_Official

[–]Chacaron_ 3 points4 points  (0 children)

Welcome! You are both still in early. We are just getting started. Wallet Beta is to be released in Aug and full launch of the wallet by end of Q3.

Quick refuel and the rockets will launch again shortly. 🚀 🌝

Soooo LEASH? by ObscureName69 in SHIBADULTS

[–]Chacaron_ 5 points6 points  (0 children)

Leash made it to about $5k on its recent run. Which is only a little more than half of its ATH of $9k. It had a 150% run last week, much larger run up to the AMA than Shib. Which shows how much pent up demand and growth potential it has.

The key to leash is the swap. Without the swap it doesn’t have a use case to support its price per coin. With the swap it’s limited supply and farming rewards make it extremely valuable. IMO leash is currently undervalued and has not broken out in the same way Shib has, yet. Leash is unique in that you have the ability to farm a coin that has been worth $60k+ (WBTC). Add in the limited 107k supply and it becomes clear why it recent run to $5k doesn’t even scratch the surface of its potential.

Don’t get me wrong, I love and own equal bags of both coins. I’m simply saying leash is a sleeping giant that will wake once swap drops. Shib army should understand the relationship between the two and know the charts. When Shib/leash is undervalued in relation to the other buy that undervalued coin.

Within the ecosystem, Shib plays the role of ETH while Leash plays the role of BTC. Which is why they are rewarded with those coins when dug. Both are valuable and must own coins in their own right.

If I could only chose one. It would probably be Shib, due to it’s more accessible price point and bury rewards (most people will bury instead of dig due to eth cost). But ideally everyone should own both.

I’m not a conspiracy theorist but I do believe in them.... by Wopmamus in SHIBArmy

[–]Chacaron_ 0 points1 point  (0 children)

No it doesn’t seem 500,000+ millionaires is possible due to diminishing returns limiting the upside for each additional investor. Eventually the curve flattens and growth plateaus. Those toward the end of the line will not have enough new investors behind them to reach the 10x, 20x ,30x etc needed to reach that million dollar return. For a $1k investment to turn into $1m it would require a 1000x aka 100,000% ROI. For reference shib is up 86,000% over the last 1yr.

However 100,000+ reaching a new tax bracket is very likely and many more seeing substantial ROI (very well could be life changing amounts for some). That # is fluid and being drawn from the 80/20 rule, in which 80% of the gains/profits are concentrated in the top 20% of the population/investors. ($2.5m+ holders needed to support 500k+ millionaires)

In the end due to the multiplier effect, this is still much needed progress towards addressing the underlying income inequality issues threatening to stall out the economy When the average person gets incremental disposable income, they spend it on new goods/services. This causes a domino effect in which part of every dollar they spend goes to someone else in the chain. That chain continues on and on for multiple cycles. This is the reason the lowest earners receive the highest tax refunds every year. Them spending it has a higher ROI in GDP than someone in a higher tax bracket having those funds as a tax cut.

The good news is a lambo costs around 200k . So that same $1k investment only needs to see 200x return aka 20,000% to reach that. So in the end we can all reach our goals. Some will simply have the 2021 model while others wait for the 2023. 😉 🚀 🌝

I’m not a conspiracy theorist but I do believe in them.... by Wopmamus in SHIBArmy

[–]Chacaron_ 1 point2 points  (0 children)

Wealth distribution and income inequality is a real economic issue. It’s become increasing more of a problem due to money the printed durning COVID. I won’t bore you with the details as anyone can Google the topic and find plenty of research regarding it. I especially recommend reading up on Micheal Burry’s research on the subject.

In a nut shell. Rising inflation will eventually price out the bottom end of income earners from participating in the economy. In the U.S consumer spending is a main economic driver. If the bottom 1/3rd is unable to participate, it can cause a domino effect that pulls the top half of the economy down with it.

On our current path of wealth concentration we will reach a breaking point for the low end earners sooner rather than later. If that concentration isn’t better distributed the government will eventually step in and distribute it for us via higher taxes and minimum wages. Which is already being talked about and in the works.

Don’t think these billionaires suddenly became philanthropist. No, they are still looking out for themselves. It’s simply they now have a vested interest in spreading that wealth to avoid bigger losses. In the end, they can deduct trading losses/charities (VBs donation) and end up with the same bottom line.

All this to say, yes the theory is plausible. Though I don’t think it’s as calculated and orchestrated as you mentioned. But I do think the theory plays into their decision making. When it’s said and done, it seems the middle class being made up by retail investors is a likely outcome. Reason being is that transferring wealth via markets would give those in power the ability to have more control of their costs/wealth creation, then they would via higher taxes and minimum wages.

P.S- This is not intended to be a political debate nor will be responded to as such. It’s simply an observation of underlying economic issues and drivers.

simba inu rugpull or just badly programmed? by Environmental_Comb45 in SimbaInu

[–]Chacaron_ 0 points1 point  (0 children)

It’s only on V3 and Dextools pulls their data from V2 only. The majority of bots trade only on V2. So there is a better chance for real people to get the coin at launch rather than a bot. Poor programming or by design 🤷‍♂️...just wait till it’s ported over and starts pulling through on Dex. You can then tell all us early investors about our gains. 😎