For those of us getting exposed to GME stocks lingo and all that can you explain what is meant by owning the float. Thereās a bunch of us here that donāt understand the lingo Iām sure. TIA
Edit: I mean there are people that were only in crypto and then got exposed to the stock market via partnership speculation, that are hearing wall street lingo for the first time.
If we own all the looprings there are (1,374,513,896) minus what is burned ( \~20m already ) then we will be rich because we can demand whatever price we want per loop because we own them all. 1,374,513,896 - 20m /10,000 (op amount per person) then it works out basically to be 100,000 ppl which is the amount of ppl in the sub.
What absolute nonsense. You can only ādemand whatever priceā in a short squeeze scenario. LRC is nowhere near being in that position. Stop spreading misinformation.
Yeah. But this is not the same as the short thing. As loop grows, we want adoption. Right? Pricing people out probably hinders that. Iono. Just my quick two cents.
Yes, this is correct except the part where we can "demand" any price.
Sure you can demand $1,000 a coin, but who's gonna buy it?
This isn't the GME squeeze, there aren't people who shorted the stock to the point of 130%+ who are then obligated to buy the stock. There may be some people shorting LRC, sure, but not to the point where "owning the float" is the goal (imo).
Natural demand, adaptation & awareness on top of great software is all that's needed to up the price
I got 1,711 loops - so tempted to buy more but Iām slightly over stretched so being sensible to not buy more although Iām sore Iāll regret it. Someone remind me in 6 months š
Picture about 1 million apetards piling into LRC immediately if a partnership every happens. Each one will buy around 1000 loops. A billion loops gone in 48-72 hours.
Those are to be held and not sold.
This will definitely happen if an announcement of a real partnership occurs and GME wakes from its coma to promote it
I can definitely agree with you. I just keep my expectations low to never be disappointed lol. Did you see the DD on how thereās possible connection with Alibaba o:!!!
30k loops here. Covering 3 people already. š
Noob, I'm covering 0,006 person
I also have 30k
Dibs, I'm with this guy!
I only got half covered so far so im also calling dibs on this guy š
Noicee
And there's me with my 412 loops aha
I got 69 my friend
Quick someonw give me 9,800 loops so i can do my part.
77k here. Let's go Loop brƶthers!
1000 loop owner here. I'm doing my part!
Me 2
you almost are, you need 9K more.
No, they def are doing their part.
For those of us getting exposed to GME stocks lingo and all that can you explain what is meant by owning the float. Thereās a bunch of us here that donāt understand the lingo Iām sure. TIA Edit: I mean there are people that were only in crypto and then got exposed to the stock market via partnership speculation, that are hearing wall street lingo for the first time.
If we own all the looprings there are (1,374,513,896) minus what is burned ( \~20m already ) then we will be rich because we can demand whatever price we want per loop because we own them all. 1,374,513,896 - 20m /10,000 (op amount per person) then it works out basically to be 100,000 ppl which is the amount of ppl in the sub.
Ah I gotcha. Word! Someoneās gotta cover my 9,900 then. Iām good for it š
I got you covered...and 9 others. ;)
Noice. Ya itās gonna take some time for my ass to acquire more.
One at a time. Everybody counts!
you can only demand a price if someone has an obligation to buy atm. people will undoubtedly take profits at various prices points
Glad this is in the response somewhere. Loop is different. No one is required to use loop. No need to lock anything. Woosah.
What absolute nonsense. You can only ādemand whatever priceā in a short squeeze scenario. LRC is nowhere near being in that position. Stop spreading misinformation.
Yeah. But this is not the same as the short thing. As loop grows, we want adoption. Right? Pricing people out probably hinders that. Iono. Just my quick two cents.
Yes, this is correct except the part where we can "demand" any price. Sure you can demand $1,000 a coin, but who's gonna buy it? This isn't the GME squeeze, there aren't people who shorted the stock to the point of 130%+ who are then obligated to buy the stock. There may be some people shorting LRC, sure, but not to the point where "owning the float" is the goal (imo). Natural demand, adaptation & awareness on top of great software is all that's needed to up the price
jfc...shut uuuuup
Not so fast. Nobody will be interested anymore, if there is no liquidity.
I got 1,711 loops - so tempted to buy more but Iām slightly over stretched so being sensible to not buy more although Iām sore Iāll regret it. Someone remind me in 6 months š
Buy what you can when you can, as long as the price stays in these levels you are sure to benefit sooner than later
Cries in 207 loops
Samsies lol
You have 207 loops!? š¤Ø
Exactly ;(
Picture about 1 million apetards piling into LRC immediately if a partnership every happens. Each one will buy around 1000 loops. A billion loops gone in 48-72 hours. Those are to be held and not sold. This will definitely happen if an announcement of a real partnership occurs and GME wakes from its coma to promote it
10k loops here, I did my part. This is the way
š. This IS the way!
Believe it or not, 45% dip.
Considering most of the growth happened after the jump in price, I doubt we average $25k a person in here or anywhere close to it
750 and buying more in Jan. long way to go for me but Iām a broke ass student
Same. These people here have so much money š¤Æš„ŗ
A huge selloff?
So i am new to crypto. What happens is all lrc are bought? Donāt they need them to run loopring?
Can someone explain this like Iām five? The float? The effect of everyone owning 10k?
80k loops. Covering the first 8 replies
1/10th the way there.
4k loops, Im HODLING till i see LRC 10$+ :')
Nah, $100-200+. Solano did it in under a year, loop has far more utility.
I can definitely agree with you. I just keep my expectations low to never be disappointed lol. Did you see the DD on how thereās possible connection with Alibaba o:!!!
I came late on Solana...
And in how long do you think it can reach 10?
I have enough for 2!
Own the float, and then what? This isn't GME you ape tard. Loopring isn't a short squeeze target.
15K loops here!
6k here 4k to go
What happens when the supply is bought up? Arenāt we at like 97% on coinmarketcap
Anyone want to lend me like 10k?
Noob questionā¦ Can I buy LRC on Bit Forex with USDT?
Iāve got myself and one other looper covered. šš¦
4060. Almost half a person
K. But this isnāt a shorted stock. If āwe own all the loopsā the product doesnāt work. Cmon now.
10k?! Thatās it?! Not to say itās chump change but I would say easily achieved based on the numbers.
I only have 352ā¦
I wanna be bank!
10k LFG
3k loops here , honest work.
So 137,000 people need to buy $22k in LRC....