/biz/ - Business & Finance

Whatever happens in the next 3 hours is going to be the start of either the biggest dump you newfags have ever seen, or another attempt at $20

>drunk trading and sold my BTC for LINK last night

$1000 EOY confirmed

>>18425403
tonight.

IM SOC DRUNK BAB ME PEEE PEEEEEE POOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO L:INK 1K EOY HAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHA NORMIES PRICED OUT NEVER BELOW $4 EVER AGAIN AHAHAHHAHAAHHAHHAHAHA FUCK YOU JNIGGERS AND KIKES

UIMAGINE SELLINFG I CANT

The weak efficient market hypothesis postulates that the current price of a security incorporates all previous data and is the present value of all future income streams arising from that asset.
If this is the case then why did LINK dump to $0.15, only to rise to a peak of $4.50 and, as of today, ~$4. Who can divine the price tomorrow, let alone one month hence?
Hear me out here... what I'm essentially saying is that the efficient market hypothesis is useless; perhaps it has some application to traditional stocks, but the model, as it were, utterly fails to explain away the price of crypto-assets.
Let us assume that we enlightened few make up 100% of the market in LINK tokens. Let us also assume that all known information is made public at the time it is uncovered; such information is assimilated in the next possible discrete time period. Would the price stay neutral save for movements in response to fundamentals (news)? Imagine a price graph with only vertical and horizontal lines with price adjustments for news and price neutrality in the absence of news, respectively.
I would argue that yes, even in this case the price would oscillate around a fixed inherent value simply due to the nature of human thought and judgement.
In reality, information asymmetry, human caprice and hidden costs, as well as other factors I have omitted for brevity and due to forgetfulness, demand that price is forever an enigma.
The true value of a LINK token and debates on volatility compared with other asset classes are welcome discussions, but for now let us begin with a simple question:

Who can divine the price of LINK one month hence?

LINK $1000 EOY

All PTSD ridden all-in-link permaholders

Will we be ok?

F A T
A
T

>>16280980
I feel you so much man. Link threads in the pre-Accord announcement days were so fun, definitely some smart anons posting compared to the shitshow it is today.
If you wanna relive it: https://imgur.com/a/HS9hIfr - Connections & Breadcrumbs
https://imgur.com/a/bklfSCi - Positive & Bullish Thoughts

>>15881870

>>15859993
My body is READY

actually positively really well fucking done op

I have never had sex and eagerly await my opportunity to be priest of the cube

Chainlink

TAKE MY POSITIVE THOUGHT! OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

I'M SEEING IT! I SEE A VISION! I SEE 1K EOY IN OUR FUTURE!

>>14494637
nice meme I like it can I save it?

>>14425700
Thank you brother

>tfw Chainlink

>>14287897

>>14228359

not sure if i fud or spam

In two years I will proudly say I bought Link at $1.20

WE HAVE EVOLVED FROM 1 BIG MAC TO TWO CHEESEBURGERS!