/biz/ - Business & Finance

I've seen this sort of thing all the time with small cap biotechs with upcoming catalysts. People pump up the price before a conference or an FDA ruling. Then noobs jump buy into the hype and jump in thinking they are geniuses without realizing that the impending news is already factored into the price.

Once the conference / ruling occurs the price either quickly spikes down around 10-20% in the case of the good, but expected news, or gets demolished 50+% by bad news.


I think in the case of LINK we have to prepare for the worst case scenario. The slack and twitter pages have been a graveyard. No news. The price rising up over $1.00 simply due to BTC spiking to $20,000. This is clear if you look at the market as a whole.


If you think there is going to be some massive reveal about partnerships with huge multinational banks you are hopelessly delusional and should seek immediate mental help.


Look at his past history. At the Bitcoin Super Conference he discusses Smartcontract technology outside of get rich quick Token sales. Sergey is notorious for remaining silent on the LINK tokens. He's going to spend the entire time talking about different possibilities smartcontracts have in government and developing countries. He will probably never mention LINK by name outside of the logo and mention of decentralized oracles.

SXSW his audience is rated medium and his photo isn't added to the website. The topic is: Can we replace lawyers? Again, he's going to focus on smartcontracts and the possibilities it has in government, the legal system, and global trade. If you're relatively new to ChainLink, this is what Sergey does. He is way more focused on what the technology can do for the world. Not making his token holders profits.


The whole point of LINK is stay tied to 1 USD just like tether. Its not an investment. Its a fucking token used to pay for a utility. It has no use outside of the smart contract environment. Just read the fucking white paper.

>>6186314
>mfw fudding and shilling tron while holding it