/biz/ - Business & Finance

Why does the team keep on dumping, we had a good pump going on

>>56191256
>Not realising the point OP made in this thread

I will spell it out for you: Chainlink advocacy is cancer

He took the banks as an example. When someone points out a simple point

>why aren't banks accumulating Link if they plan to use it

The immediate answer coming from advocates is

>uh you are retard you don't understand Chainlink users don't need to accumulate the token

Which is true, users don't need to. Which provides a convenient answer to "nip the fud in the bud", but isn't really a thought out reply. What op showed here is that if you ask more questions, you realise that, as for eth, there should probably be a speculative user driven pump before the price is entirely driven by staking apy:

>>56189784
> there's going to be a user driven pump
>That's what happened to ETH.

Also, it always was a hope of marines and still is a possibility that banks or other institutions will run their own nodes, hence leading to them accumulating link. For link to become a standard, it is almost a necessity that some big names run nodes and stake.

So in summary, the question of why institutions aren't accumulating is an interesting and legitimate one. On old biz, we would have debated this, and probably concluded that it will happen, but it's still too early. But since community advocates are retard with a simple fud vs shill mentality they went for the low hanging shut it down argument, seasoned with a couple of ad hominem on how "you don't understand Chainlink" of course.

>tldr: op was not fudding, he was showing how retarded and counter productive community advocates are