/biz/ - Business & Finance

Now that Link is taking off, do you forgive him for what he put you through? He really had no choice, you know.

>>55573008

You seem pretty new to investment or are young. Chainlink will not pump from retail, it will pump from institutional investment.

CL has been networking and forming partnerships with some of the largest banking institutions in the world. Regardless of the poor price performance , the buying power of these institutions can change this overnight in a bull market.

Look at every coin right now..are you seeing any 10x, 20x, 50x, 100x's happening like in the last bull? The only reason pumps or dumps are taking place is because the stocks from S&P500 companies are being trading, and if "number go up" there's money to be made and then that shortly cascades down to crypto after as a portion of these traders want to make profit on the existing profit they made from stock trading. You can compare S&P500 chart to BTC and will see similar fractals. Once BTC goes up or down that generally has an effect on most alts. This is common knowledge.

Also, I don't get why people think some retards with no profile picture can have an impact on a large organisation when theyre clearly trolling on twitter? If organisations stopped producing services or goods due to a handful of targeted online troll farms a lot of people would be out of work. I'm yet to see any of these "disgruntled investors" approach someone from chainlink in person or on a platform where a formal debate can take place...hence this concern wouldn't cross institutional investors, but more so retail investors sitting on a forum and shitting themselves with social media screenshots of retards trolling with fud

>gloats about how they're self funded
>is actually funded by their community

What did they mean by this? Is this why they don't care taking away value from the token?

>what do you mean the token val-
>oh yeah that? haha yes totally, funny you ask, I've just started thinking about it haha

Whenever the S&P500 shits the bed, BTC then shits the bed, Alts then shit the bed.

Don't buy into the fud against Link.

Huge fucking happening, get in here. You might have wondered why CLL is still hiring while almost every tech company is in the news for laying off huge percentages of their workforce.
Well, as it turns out, we're about to do layoffs as well. There's been very tense discussions about budgeting and runway for the past few months, especially with how little the staking launch affected the token price. All of these advisors and senior leaders from outside the crypto space haven't come cheap, and our runway is a LOT shorter than it used to be. Apparently Sergey is not happy about the performance of the engineering team and they are going to be hit hardest by the layoffs.
That's right - it won't be the HR roasties that bite the bullet but the engineers actually building stuff. It's a matter of days, not weeks until this gets announced to the public. Supposedly around 15-25% of the engineers are going to get the axe, plus the entire recruitment team. Layoffs will be mainly those hired during the last couple of years whose compensation was artificially inflated by high token prices and general tech euphoria.
Screenshot this.