/biz/ - Business & Finance

>>7570368

It was me, I never got around to sending LINK to those addresses, but I still will, I just need a couple of days, they're saved on my laptop. Will post a thread when I do it. Busiest month of my life just happened.

>>7570440
:^)

>>7570319

Of course, all the idiots saying 'financial institutions will never support crypto' don't fucking get why decentralised markets literally give Wall Street the biggest hard on. As long as crypto is not regulated and decentralised there's ZERO accountability, and these bankers know how to pump something better than anyone else on earth. If banks made their own crypto and it pumped and dumped it could open all sorts of regulatory investigations. This is the wet dream of every banker and wall street trader, their not pissed out that NEETs got their first, their pissed at EXCHANGES. Because the real winners are the exchanges, you NEETs can be bled and shaken out and bled again, but exchanges know how the game works. Hence Wall Street is letting the exchanges take their cut, and then plan to get in on the gravy train.

The whole Tether bitfinex thing was Wall Street putting a put of pressure on these exchanges, signalling them to not get too carried away. That's the samson option if these exchanges get too cocky, i.e. kill the goose that lays the golden again.

Literally anyone in finance knows through simple game theory that its in wall streets best interest to keep crypto alive and well, they're gonna follow the mean chart to the letter to justify the crash and then to start getting the FOMO train rolling. The amount of money they can make in crypto, CLEANLY, is enormous. In about six months expect sudden predictions everywhere of bitcoin hitting 100k, thats when they've bought in, then it'll hit 100k, they'll take their enormous profits and get the credit of having predicted everything.

>>7570081

The days of shitcoins were over, I posted this in my last thread. The squeeze is now on bluechips, the exchanges were controlling the gateways so they could dump, hence the dump despite a lack of FUD. They know about the meme chart and are using it to their advantage, BTC will probably continue dropping but the exchanges are now verifying accounts, the insider I'm talking about just got verified.

I don't have any connections with exchanges but rumours are: continue dumping the prices of crypto til it hits the 'mean', then a final bull pump as they buy up, then a dip, then they unleash the horde of buyers they've been keeping at bay. This is the reason people have stopped googling crypto and stopped talking about it, the buyers are there but they're just not being let through the gates. Unfortunately it's still in the favour of institutional money to bleed the price out, hence they aren't exposing these exchanges, if they did it would wreak havoc all across crypto.

In other words right now: exchanges are manipulating the price, financial institutions are looking the other way because they want to manipulate it next, and it's in their best interest to not sully the name of crypto because once they get in their gonna want 'their turn' at pumping. We are all pawns in an elaborate chess game between exchanges and Wall Street.

Simple game theory can prove this:

Wall Street doesn't just refer to literal WS (GS and JPM), literally THOUSANDS of banks across all financial districts and countries want in on this easy money. The market is unregulated and the idea of crypto being value has been demonstrated in the past to your common man. It is objectively in the best interest of these banks to pump this again, while the market is unregulated, then they'll point to the meme chart and say "see? it regressed to the mean, now it's ready for another pump" and this time 10x more normies will FOMO in thinking 'this time I won't miss out'. Why kill the golden goose?

>>7570046

Nope, but it will be crypto-fiat and they will have a token system like Binance/Kucoin, except not based in Asia and geared to the European market.

>>7569554

Yes, also a new exchange is coming soon that is going to be extremely regulation friendly which is putting the pressure on current exchanges, it's flying under the radar atm but other exchanges are concerned because this will be the year of regulation. I'm not shilling anything, DYOR.

Sorry guys, trips didn't match because I left a space in by accident. Cal

>>6351129

Look up CLS group and why it was invented. Banks will not be allowed to transact TRILLIONS of dollars internationally using tokens made by some third party start up. Banks and Government have a symbiotic relationship as each provides the other power, if banks use Ripple for forex settlement it will be sidestepping government oversight. It will never happen. Same problem with XLM btw, a third party blockchain will never be allowed for the movements of massive amounts of money internationally. Moving data on the other hand...

>>6350932

Not too worried about being identified at this stage as I am no longer under any sort of legal/career threat from discussing LINK. My bank already acquired everything necessary. Furthermore I haven't done anything to anger anyone here unlike Shia and /pol/ so I doubt I will inspire the same level of effort.

>>6350758

CLS guy is a 60 year old man, virtually 0 chance he'd ever see, and he's not my boss he's a friend.

>>6350806

Train is tomorrow at a time I won't specify.

>>6350869

Exactly. And they will do everything in their power not to hype it, sort of like ChainLINK.

>>6350474

Yes but then they'd start from the ground up with government involvement. They can't just adopt Ripple because they like it, it would completely sidestep the gov.

Just got back from dinner with the CLS guy.

>asked about ChainLINK, he hadn't heard of it but he did mention SWIFT was looking into DLT/Blockchain so take that as you will

>asked about Ripple, especially in regards to threatening his job, he said there isn't a chance in hell that Ripple will become an international bank settlement layer because of 2 factors: it's just a glorified SMS service, international payment settlement and auditing involves some degree of government oversight and they are the slowest to adopt new technology, so even if banks are keen on moving forward with blockchain, governments don't want trillions of dollars worth of forex being settled using tech controlled by bankers.

I struggled to follow the bit about government oversight because it was very tedious and we were already 3 glasses of wine in, but that was the gist.

>>6335841

Depends on your risk appetite. Honestly they're all good coins and if you wait 3 months you'll be in profit. How to distribute them and whether you sell for ETH depends on how you'll feel if suddenly VEN moves 15%, will you regret it or will you just realise that shit happens and you did what you could with the info you had. Sometimes inaction is better than action.

>>6335994

I said dump all shitcoins for bluechips.

>>6336048

XRB will be single digits in Q2, screencap this.

>>6335597

Avoid for now. Wait for more developments on Tau.

>>6335602

Yes, but it won't reach 100.

>>6335479

Sometimes a product is too ahead of its time. I genuinely believe if ARK released now it would be 5+ billion. I honestly think their only hope now would be a rebrand just to generate some steam.

That's also why it's key LINK works out its partnerships and products on the DL. You only get ONE real attempt at liftoff. Same reason anyone hoping XRB will go up is delusional.

>>6335358

This is natural though, complacency and cognitive biases breeds blindness. How did XEROX let GUIs and personal computers slip through their fingers.

>>6335205

Most undervalued project in crypto, but not in a good way. ARK is basically an example of a failed singularity and every LINK holder should be afraid of being the next ARK not the next Confido. I don't think ARK can at this point generate the necessary hype to break orbit, even if they have a good product.

>>6335238

Looks like PayFair but at least PayFair uses less buzzwords and has a simpler aesthetic. They might both be scams but PayFair looks more believable.

>>6334476

A fast free payment network is not an achievement. Bitcoin has value because it is the longest running PoW blockchain, blockchains operate as consensus networks, the length of the blockchain gives value. Ethereum has value because smart contracts. Raiblocks has no value, they are just fast moving tokens.

>>6334411

We have to operate on three timelines: immediate boom, secondary consolidation, long term growth.

In my opinion, I hate giving price estimates, but LINK will spike to 60-70 USD, consolidate to 10 USD as the entire market consolidates, then grow to 150 USD as long term adoption grows and PSD2 and other open banking initiatives reach full potential.

>>6334349

You will forever be slaving away behind computer screens to make your bosses rich while you get some shitty paycheck. Only pursue client side jobs. It doesn't matter whether it's in tech or fine Art, if you interact with clients 1 on 1 you will grow a reputation that will shelter you from automation and becoming some useless drone. Once you have a client list you can negotiate much higher salaries. Being a software developer you will be replaced by some drone unless you are a minority or a woman, this is exactly why there are now so many women at software companies, because all the work is done by pajeets in India. Whereas if you work client side you'll have an advantage if you're a man.

>>6334294

DENT, BNB, and QTUM. Token burn is priced in to BNB.

>>6334187
I think this is the kind of skill you acquire from practice and intuition. I cannot give you a certain series of conditions whereby you can say 'AHA now is the time to sell' anyone promising to do that is a snake-oil salesman shilling you their astrology. There's a reason Warren Buffett accumulates his investments early, because when the profit margin is high enough you don't need to time the market, you just sell as much as you want when you want to.

>>6334235
Absolute jokes. One of the reasons LINK isn't revealing any partnerships until the mainnet is ready is precisely to prevent millions of copy cats coming in, even though there will still be a few, by being anti-hype LINK positions itself to garb the lions share of the market in one fell swoop.

>>6334257

Because I am giving you a buying opportunity.

>>6334028

XRB is trash tier. Sell it for anything.

>>6333896

This is what I myself have found so surprising. Crypto has really caught a lot of wealthy people by surprise. More so than they will likely EVER be willing to admit. Authority is a key ingredient to power, these Wall Street banks *want* you to believe that they've been in on crypto from the start, that you can't win, that they can manipulate the market at will. I'm sure they have a lot of power, but they cast a much bigger shadow.

>>6333857

No thank you. I don't need to get kidnapped and tortured for my private keys.