/biz/ - Business & Finance

Because Sergey dumped a shitload.

$35 while bitcoin reaches $100k
Link has absolutely atrocious tokenomics, probably even the worst tokenomics in crypto.

Link is a mid shitcoin. The only time it ever performed well was when sergey wasnt dumping, and as we all know that is all long lost in the past.

Linkies only did a 2.5x during the entire bullrun after the dumps began.

>>56393972
Links downturn started when they started dumping lol

>>56353806
>why is le murder bad if other people are doing it too?
It matters exactly because a 5k stack in 2017 is nearly 10k link today.
Also the only time link ever had good performance was when it had no inflation. Ever since the firstbdump its been bad ever since

Only when link wasn't being dumped it 100xed, once it started getting dumped by the truckload, it. Barely crawled its way up 2.5x during the peak bullrun while every other alt was 100xing and than cratered.
Now it cant even recover while many alts rebounded from the 15k btc floor.
Link would probably be like $15 if it wasnt getting mass dumped even at the peak of the bear market.
Sergey is basically throwing gas on a fire when it comes to terrible price action.
All of this is objectively true and undeniable and can be seen in this chart.

>>56327866
More like a 10x if you factor inflation since 2020. Lol lmao even

Fat scammer

>>56289489
1 2017 link = 1.75 2023 link. Thats why link only pumped in 2020 when there wasnt massive dumps and inflation. Its been only downhill since the dumps began

Heres the only spoonfeed you need.
>September 4, 2020:
LINK: $12.50
BTC: $10,434
ETH: $388
BNB: $20.62
XRP: $0.23
ADA: $0.08
DOGE: $0.002
SOL: $2.71
TRX: $0.03
MATIC: $0.01

>September 4, 2023:
LINK: $5.96
BTC: $25,743
ETH: $1,623
BNB: $214.45
XRP: $0.50
ADA: $0.25
DOGE: $0.063
SOL: $19.36
TRX: $0.07
MATIC: $0.55

>token not needed
>massive dumps and inflation
Yeah nah bro link is dead

>>56217825
Thats because sergey was dumping on his paypigs all throughout the bullrun.
The time when link had no dumps it went up 100x from $0.20 to $20 (btc / eth ath)
Once the dumping started it barely crawled from $20 to $50 a 2.5x and then when the dumping accelerated it collapsed to the current range.
It failed to break the range because its still being massively dumped. Over 70m more link was already dumped this year.
All of this can clearly be seen on this chart

>>56148073
You would of probably made it if sergey didnt dump so hard. The absolute state of stockholm syndrome ass licking baggies kekk enjoy 10 years of 15% inflation. Dont forget to thank sergey for the opportunity aswell fat paypig

Fact: the only time when link pumped the most and was the best performer was when there was no dumps.
>$0.20 to $20 = 100x
Once the dumps started it was over for the price appreciation, you can clearly see it on this chart,
Link performed horribly in 2021 when it struggled to go from $20 to $50, this correlates perfectly to when large amounts of the supply was released.
Now even in the bear market link is flatlined while many other alts had a V shape recovery with Bitcoin.

The tokenomics are very clearly absolute dogshit

>September 4, 2020:
LINK: $12.50
BTC: $10,434
ETH: $388
BNB: $20.62
XRP: $0.23
ADA: $0.08
DOGE: $0.002
SOL: $2.71
TRX: $0.03
MATIC: $0.01

>September 4, 2023:
LINK: $5.96
BTC: $25,743
ETH: $1,623
BNB: $214.45
XRP: $0.50
ADA: $0.25
DOGE: $0.063
SOL: $19.36
TRX: $0.07
MATIC: $0.55

The token is designed to be dumped by sergey

>>56117671
>stagnating and barelh crawling from $20 to $50 in peak 2021 bullrun
>best price action
Lay off the cultist copium.

Links best price action was when there was no dumps. The dumps are the reason it failed to reach $100 and why it hasnt recovered during the bear market.
It takes an elementary school kids level of economics to understand higher supply = lower price.

Fat founder has a 65% premine which he dumps massive amounts on a stagnate market because he knows $6 is a great price to sell at.
Link underperformed every major coin because of this, along with the token not actually being needed ofc.

>September 4, 2020:
LINK: $12.50
BTC: $10,434
ETH: $388
BNB: $20.62
XRP: $0.23
ADA: $0.08
DOGE: $0.002
SOL: $2.71
TRX: $0.03
MATIC: $0.01

September 4, 2023:
LINK: $5.96
BTC: $25,743
ETH: $1,623
BNB: $214.45
XRP: $0.50
ADA: $0.25
DOGE: $0.063
SOL: $19.36
TRX: $0.07
MATIC: $0.55

>>56096889
Cope harder

Link cucks pay money for that to happen to them kek

>>55992324
>who is selling link?
Kek are you serious? is sergey just the giant elephant in the room to you fags or what???
You know that CL dumps and gives away tons of link to their employees and as grants. They dumped 20m just a few weeks ago, and there is very little liquidity and buy pressure

Them dumping is the reason it underperformed so hard.
A 10k stack today is like a 5k stack in 2017 due to the massive inflation

What about the chart

Is this what they meant by the “hiding strategy”