Source
r/loopringorg•
jaredbdd

Loopring is not a quick buck hype event

Discussion

It's sad to see that a lot guys in here are obsessing over tweets, anyslsing them and looking for hidden meanings.

The announcement will happen but that is not the endgame with Loopring.

I was lucky enough to get in somewhat early before the GME partnership hype and my reasons were based on zk rollups being huge in the near future.

Don't lose sight of the fact that irrespective of the partnership, Loopring is a great project.

Loopring is not a quick buck hype event. To those hoping for a spike to make a quick profit, I'm almost certain that whatever gains you make with the announcement will pale in comparison of the gains you will make in the long term.

Posted Dec 14, 2021, 3:51 PM UTC

9322
brandnewpaint•

Can you imagine getting in on viza in the early days

19
whocaresfucku•

Great comparison

4
brandnewpaint•

Its kind of how I see it, its the underlying software on which everything eth based will be traded upon. Eth is fiat, visa is lrc. Real life vs digital.

3
Plancki•

Yes, it is! But that's the best part, it is not only a quick buck hype event!

9
Brave_Shelter_6659•

I know absolutely nothing about Crypto, Loopring or GME but I bought 1,000 tokens one day in October because I felt lucky seeing the hype. I just bought another €1,000 worth a few minutes ago. If the price jumps to a certain figure I’ll take €1,000 back and let the rest ride for a couple of years. I have another price point in my head where I’ll take out my second €1,000 investment but that’s way down the line hopefully

3
Thaall•

A lot of the people who have recently invested have only been in the stock market since January and only been involved in a short squeeze play. That’s all they know.

I agree with you, OP.

3†
Professional_Dot_110•

Nice assumption ya got there. You could also assume that those people have actually learned a thing or two this year about financial markets and as new investors are just excited about the Q4 announcement. There is only a minority who actually believe “to the moon” literally

1
CRM2018•

I think they were just saying some of the stuff here getting posted is so far fetched that it’s not grounded in reality. Example: theory 741 means something and meant an announcement today.

We don’t need wild theories when the fundamentals of loopring are so solid.

2
Professional_Dot_110•

That is 100% understandable and I would agree. What I don’t agree with is the generalization of the comment with investors that this sub has been trying to address. The posts that scream “wen moon” “it’s happening”(insert random chart here)” still pale in comparison to the amount of individual investors that came from there, however don’t have the short squeeze mentality.

It’s mainly farce except for a small minority that become responsible for those posts who actually have “moon” syndrome.

2
CRM2018•

Respect

2
MajesticMelonGames•

What happened OP? You seem to have lost all faith, listen to yourself!

2
[deleted]•

[removed]

2
MajesticMelonGames•

I honestly think today was good, its the firs official confirmation we have had that GME and LRC are working together. But yeah, communication hasn't been the best. Im still very bullish

1
Bousalloba•

Could you explaine exactly what zk Rollups are? And what Loopring does exactly? Thought it was a bank?

1†
jaredbddOP•

Zk (zero knowledge) rollups are essentially a layer 2 scaling solution. Basically a rollup moves transaction computations off-chain, but store transaction data to the Ethereum chain, which means that rollups are secured by Layer 1.

They increase speed and reduce fees by moving off chain and compressing the data, which then results in less computational power needed.

I recommend reading this post. It sets it out nicely and lists some helpful resources.

https://www.reddit.com/r/loopringorg/comments/qq7of9/zk_rollups_explained_why_they_are_the_future_of/?utm_medium=android_app&utm_source=share

7
[deleted]•

[deleted]

1
Upstairs-Pair-3574•

yeah but anyone that bought above $3 is done for, me included. this is not going above $3 again at least in this cycle. maybe 5 years from now

-23
CopperSavant•

Lawl

4
Hazekillre•

Based on what?

2
TonTon1N•

Do you even know how market caps work

2
Upstairs-Pair-3574•

why tf would i invest in crypto if i didnt know how market caps worked retard. crypto is dead this cycle !remind me one month

-3
TonTon1N•

Riiiight but if you understand the market cap, then you’d know that any crypto that survives a crash (which LRC will as long as zkrollups, DEXs, or NFTs are relevant) will bounce back. It’s current market cap is only $3B. When compared to polygon it’s only a quarter of its market cap. It will 100% exceed $3B. It won’t stay below $3 even if “this cycle is dead” lol

2
Gonna_Wish_You_Didnt•

Lol

1