/biz/ - Business & Finance

>>14499628
when a coin rises that much it will also fall that much. Look up volatility.
There are dozens of coins that rise like chainlink to 10x their value then plummet back down again.
Ark, Icon, Rise, Cred, Payfair, Ethos... these are just the small ones i followed. Bitcoin has done the exact same thing in the past.
Accept that crypto is prone to massive bubbles. That doesn't make it worthless (housing is also prone to bubbles, and we all value that), it just means that people should stop with 'new paradigm' garbage whenever a coin pumps.
For some coins, like bitcoin, ethereum and monero, there will be pumps and dumps but long term prospects. For most of the others, there will be a pump, dump, then death.

I have yet to see if chainlink is the former or the latter (my hope is the latter, because ultimatley I would like all my /biz/raelis to make it) but i am almost certain it will now crash, probs to sub $1.

This is good news for those who aren't in yet and want to accumulate more. If I were you i would sell, though if you want to hold i wouldn't consider that a bad move, particularly if you are convinced it will eat the derivatives market.

Good luck trading and remember: there are more important things in life than just making money! You'll do better if you don't watch charts all day and forget about what you have.