/biz/ - Business & Finance

BUY THE DIP ITS COMING

>>10785803
I am completely new at all of this. I think investing in this is smart...but theres no USD -> $LINK? I have to buy bitcoin or eth in order to then invest in chain link? Can someone please help...plz no bulli

its a bull trap, strap in for the big dump

>>10786037

1. Make an account at binance
2. go to portofolio, select either btc or ether deposit and copy the link.
3. Go to whatever site that's in your country where you can buy btc or eth.
4. follow the steps and all and paste the wallet addres you copied in step 2.
5. Wait till crypto arrives in binance wallet and start trading.

>>10786037
It's all a scam. We're pretending to be invested in link to get newfags to buy useless bags. The team owns 65% of the supply.

I need 7.5k more Linkies for 100k , for fuck sake please dip again.

my fellow linkies

reportan

>>10786057
Obviously this. Pump was greedy today. It will dump hard.

It's dumping, faggot

>>10786037
The pure delusion. You retards actually think you have fundamentally analyized link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the testnet or have even considered the token economics at play here. The testnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin and it's not exchanges. Binance, the biggest exchange owns ~2% of total supply. Your investment can be quite literally wiped out overnight without a moments notice.

>>10786037

Anon for the love of Jesus himself listen to me closely, and you will be a millionaire.

LINK is not a meme. People here fake FUD LINK because they want outsiders to not buy LINK don't believe that shit.

This shit will make you a millionaire.

Follow these instructions.

>>10786076

>>10786037
okex and gate.io have USDT pairs but I'd rather buy ETH, send it to binance and buy the LINK/ETH pair

>>10785823
I've been hearing the dip is coming at 3k, 3.5k, 4k, 4.5k, and now 5k.

WHEN THE FUCK IS THE DIP COMING??

>>10788148
Where we're going, we won't need dips

>>10788180

Except for French Onion man, that shit is legit.

>>10786971
please refer to my dank meme for a rebuttal.

>>10786037
>>10786971
>>10787545
The moment you solve the oracle problem, which I'm sure chainlink will do, you are essentially moving the goal post and moving the single point of failure further back.

How do you get api into the chainlink network? Sensors that provide api cannot be decentralized to the extent chain link nodes are decentralized. Sure you can have competing companies provide their own sensors and multiple different sensors can send the real world data to the contract, BUT that's not decentralized enough and much more susceptible to a 51% attack.

>Inb4 read the white paper and learn about link tokenomics
I already did.
This encourages people staking their link in their nodes to find a good data provider so that your nodes retain good reputation.
Let say that company x provides consistent correct data. You, as a node runner, are incentivized to get data from company X (see passive income).

Suppose you stake 1000k worth of link in the node as collateral for a high end contract by company X. There is always a possibility of bad actors colluding and perhaps interfere with the development of sensors (let say add a backdoor). And during this critical moment, multiple different sensors provided the incorrect data onto the contract. You just lost the 1000k worth of link you staked as collateral.

Even if the company is financially invested in sending the correct data to the contract, it only takes a few bad actors for this to happen.

Solving the oracle problem is NOT ENOUGH for smart contracts to be adopted by mega corps who literally put billions on the line.

> if bloomberg wants to offer data to a contract he could do it himself without outsourcing node running. So why would it benefit from sabotaging himself?
Good point but significantly limits the number of use cases for smartcontracts. And also if every big corp ran their own node, who would use the nodes ran by us neets?

My estimate is 10usd max per token by 2022.

Refute this. I'll wait.

>>10786037
fuck off newfag

>>10789535
you're the worst kind of retard

>>10789555
I dont like what youre doing. Stop.

>>10789535
big idea .- big market - SPECULATION. Bruh if u don't think BTC will give us another massively speculative bubble u must be new to this. Chainlink can easily find a massive cap in this situation even with a baby dividend.

>>10785803
Link is going back to low 4k sats. Don't buy high /biz/.

>>10790739
This. Positive news aside, the lack of correction on this run and the peculiar behavior by whales has got me mighty scared.

Be careful out there fellow stinkies.

>>10790943
Just because it goes on a run doesn't mean it has to correct back to the same price for 3-4 months. I'm sure there were plenty of people thinking ETH would correct back to 10$ after it started pushing in the 20/25/30$ range
>Inb4 comparing ETH to Link
Point is sometimes you wait for dip that never happens

>>10791029
Of course. Ultimately, it's worth what people will pay for it and right now people are still buying in. That said, I watched how these recent pumps started with laughable volume. Moreover, we still have to remember that there's still a billion of these things and the percentage that is circulating is quite small. That's bullish in the long run when it comes to staking but for the moment, it just means we're ripe for extreme manipulation.

Anyway, while my bags are not quite as full as I'd like, I'm still well above suicide insurance levels. This would be an iffy entry point imho.

>>10789535
if it's an api for an exchange, of course the api will be centralized by that exchange. what the fuck do you want, an exchange to write multiple open source apis for fetching their own prices? if they're lying, then the exchange is lying and everyone will gtfo. that doesn't need decentralization.
if it's an api for something universal like weather, there will be so many different sensors it will be decentralized out the ass. you literally have no idea what you're talking about. and that's just a response to the first three lines of your post. i won't even bother reading the rest