/biz/ - Business & Finance

>>57171356
Posts like this astound me. It's a marketwide correction that "demoralizes" you? It wasn't all the underperformance for years on end, objectively measurable? You were defending LINK earlier itt but only now you're demoralised? After a BTC dump that flowed fairly evenly across the market? I'm just stunned. You still had the guts to post defensively earlier in the thread but only now you're questioning things? That's how tentative your faith was? Fuck me, anon. In the lightest possible terms, it's truly a spectacle what these threads have become.

>>55736369
I know the standard thing on biz is just to shit over everything that isn't tantamount to paranoid schizophrenia, but since my journey to greener pastures began I've found solace in many places. I watched this vid the other day that made me laugh and realise how far I'd come and how better off I am: https://www.youtube.com/watch?v=h9IF6GaX1sY&t=17m15s

"Chainlink is a classic example [of fuck the tech]: brilliant technology, oracle, price feed, one of the best techs out there; I do not give a fuck about the coin. The coin is -- in my opinion, yeah you can stake it, fair enough -- what is the coin going to do with the tech? The tech can still exist without the coin. The coin is just there for it helped with raising capital, it helped with raising funds, and now it's a tradable commodity."

I've vetted that guy and while I'm sure the guy has a less than 100% hit rate (enough for others to crucify him), he's proven very sensible when I've backtested his calls. What he said is how everyone except people who stapled their cock to this token see LINK. And they're right. The same FA logic in favour of LINK in 2017/18 ought to get folks to think more broadly today. Brilliant idea, but please remember LINK pulled a 300x from its 2018 lows already... the material upside from here ONLY comes if the most schizoid of theses materialises, and LINK actually collateralises astronomically large underlying smart contracts in the new economy yada yada within the next 2 years. Well, we're 6 years in now with v0.1 staking. Not exactly the bet I want to place for the next cycle.

This market isn't a hyper-efficient meritocracy. Fish the fish instead of whaling. Wrong game to play for these odds.

inb4 "my best financial interests"
I've made mistakes, but was able to suspend my ego just in time to make enough money last cycle, which I would've had no chance to do if I couldn't admit mistakes (aka baggie).

>>53106603
>LINK doesn't have a proud self-FUD culture since inception
Kek, dream on idiot. Only "difference" from 2018 to now is there is all the more reason for burned bagholders or former holders to shit on it.