#ELI5AMPL Writing Contest and Giveaway
A Study in details on https://www.ampleforth.org/
AMPL is like a jelly that balances between price size to quantity size. Which neutralises skills, and offers no profit. Only profit if both price size to quantity size increases, but its algos stop this. Quantity elasticity makes the price an Illusion, resulting trading unprofitable.
Ampleforth (s cryptocurrency, speculative, financial building-block, is algorithmic and uncollateralized, maybe used As reserve collateral in decentralized banks
Observe charts listed in https://www.ampleforth.org/dashboard/ , to help trading, learn supply amounts, and best to buy when there is less supply, below 50% average.
I bought 1000 AMPL at 60 cents, sold in stages at $1.2, 1.3, $1.4, and yet made overall loss, because of claw backs, and tricky jumps. Its an odd vampire, gobbling fiat and time.
So even a clever 40 year trader can get Hit, because of supply contractions. AMPL is like giving birth, and more painful, as you are Dictated upon by algorithmic maths.
AMPL like a jelly that balances between price size to quantity size. Which neutralises skills, and no profit. Only profit if both price size to quantity size increases, but its algos stop this.
It tries to be as a stable coin as USDtether but has price-peg-quantity volatility thats scary.
Quantity elasticity makes the price an Illusion, resulting trading unprofitable.
Use https://amplcalc.app/ , invest $1000 input for Dec 2020 , + swung 1350 to 730. Ending in Xmas loss of $270, or 27%, is brutal. Wise to study What is Ampleforth (AMPL)? [A Comprehensive Guide to Understanding Ampleforth] By Mr.CryptoWiki
Top Things You Should Know About Ampleforth (AMPL) By MuyAsk
What is Ampleforth, and why are so many people talking about it? By TMod_Marco.
Wise for GranMa to avoid, and not understand.
This cryptocurrency, speculative, financial building-block, is algorithmic and uncollateralized, maybe used As reserve collateral in decentralized banks,can be used in contracts. A perplexing complex. Self prints or shrinks independent to central banking systems; birth or burn responsive to price.
Behaves like elastic band, stretches by tensions of demand to supply, pegged to price. Gyrates around $1 to $4 to 50 cents, maybe living for same time above $1 as below. It mirrors humans. Does the $1 peg alter, may be mirage.
Its a breathing lung, where air (demand to supply) makes its size (price), according to body requirements.
Its a mystery devi gift box wrapped in bright paper, a jerk be surprise to boxed contents, hint of 'yet another sh..t co,,n'. Junk or value, you decide as the user.
It can go to zero, loose all, or balloon pump. Its maths may be BS, like 3rd hand wrecked car dealers , be wary. Is this baby dev parents lawfully married, for its charm can capture enslave you.
Markets powered by emotions, this boat-amp is made of emotplasma. It is a virtual image of an image of the real, pic on screen running, a token of the real, imagination actor.
Number of AMPL tokens in user wallets automatically increases or decreases based on price:
When Price > $1, wallet balances Increase proportionally
When Price < $1, wallet balances Decrease proportionally
These supply adjustments are called "Rebases" daily. When the AMPL network grows you'll automatically have more tokens, when the AMPL network shrinks you'll automatically have fewer tokens, but the price per AMPL will tend to cycle around $1, which is its base peg, stable link.
Stablecoins either 1) rely on traditional banks, or 2) rely on lenders of last resort.
AMPL is an independent financial tool that does not rely on centralized collateral or lenders of last resort.
Fiat is debt money, lent by gov. to its citizens, who originally lent it to gov, or stolen by gov., made pretty by tax and inflation. Debt-marketplace derived stablecoins such as (DAI) cannot be sustained by free market incentives and rely on periodic bailouts. Real money is metal, gems, rare items. Fiat is man made, real is god made.
Gov. is a nations Bank, its MPs are its bank clerks and tellors. Banks cause + create wars, which is most profitable act. Gov. are 2021 drug pushers enslaved to Big Pharma. Banks are money dictators who play dice games with arms, slaves, drugs. AMPL is a new Toy for a Boy ow
ni a bank.
AMPL behaves, seeming erratic like Twitter and COINBASE Unjustly Banning like Seizing assets, with No reason, that will teach its holders much.
If this contents are True as in https://twitter.com/KillAuDeepState/status/1344382005228699648 , then AMPL is lower rank than “sh...t con who hypnoseses to pic pocket you”…..its junk.
Member of twitter for 3 years, over 400 followers, as leejaycant, then triked, a new is added, lien on the Unjust.
