/biz/ - Business & Finance

>>23804678
I don't mean to. He just happens to be a good example of the kind of people who pump the LINK price. He put his retirement savings into LINK and convinced his family and friends to put money into LINK every week. Hundreds, maybe thousands of people, have done this. As you can tell, these people are probably not very intelligent or even particularly mentally well. They believe that Trump is Q, that there is a global plan to run the entire world on LINK somehow, and that LINK will flip ETH and even BTC. This kind of buyer says outright that he *believes* LINK will be $1000 each and that he will be a billionaire and Sergey will therefore be the richest man on the planet by an order of magnitude. Other people see the LINK price gradually climbing up due to these kinds of people and buy, because the price goes up. This makes the price go up more.

People assume this means people are using the LINK network, and that there are fundamentals at play. They haven't read the whitepaper and they don't really know what a blockchain is, or what it will be used for, but they don't care. They just see their ""future riches"" and keep buying.

>4chan convinced thousands of boomers to put 50% of their salary into LINK every week to pump their bags
>those boomers post on twitter about how they convinced their wives, parents, and children to put 50% of their salary into LINK every week to pump *their* bags
>sergey dumps tens of millions of tokens on them every 6 months and they just keep buying
Pyramids eventually run out of buyers. When do we short chainlink back to $1?