/biz/ - Business & Finance

I ain't buying, six figure stack, do I smell a swing trader

>>11577454

No. Actually i trade btc. I move profits into link. If link was offered on margin trading i would short it now though.

Seen this so many times. Learned nothing all these years in crypto anon?

>>11577437
>sibos dump happened
>therefore link will never moon
Sorry you sold at 5k sats bro

>>11577471

There is no fundamentals supporting further pump.
TA is drowning in bear signals however

>>11577437
And that is a bull flag though

>>11577437
So many new stinkies all around. They gonna get burned when they get dumped on.

>>11577437
>tfw set a sell order at 7333 sats on a whim last night
>tfw increased stack 5% with my buy in already

shit guys. swing trading is scary. i forgot i placed that sell order when i was drunk last night. thank god it worked out this time. this has been another adventure in /biz/diaries

>>11577482

Lol this chart is 3 days old, cba to post new. It is not a bull flag. That is called “confirmation bias”. You seek only indicators that support your position and downplay or cant even see the others pointing the otherway.

If it were a bull flag surrounded by many confirmation signals i would long the shot off of it.
A “bull flag” surrounded by bear signals is called a bull trap

>>11577514
Who are you trying to convince? Us?

Or yourself?

>>11577537

I guess it is a warning not to sprnd your hard earned money on buying the top range

>>11577541
dont tell me how to spend my money you fuck

>>11577541
I was bullish on CL when I first bought it @50 cent. Way before you entered the crypto space, newfriend.
10% pump and I'm green.
How 'bout them gainz ?

>>11577578

We actually need people like you to spend your hard earned money buying the top range of rallies. Otherwise whales cant sell. They need you to buy from them. Thrir bags are too big to exit in a quick little pump and dump

>>11577593

>been here more than a year
>still buys top ranges of pumps

>>11577593
as much money as you are about to make, don't brag about having 10% losses like its a good thing

>>11577479
>There is no fundamentals supporting further pump.
The fuck are you yapping about, Chainlink belongs in the top 10 as it is right now.

What do you call it when you occupy a space on a temporary basis and don't pay for it?

>Selling before the price singularity

>>11577469
>It's gone up for 3 months consistently and steadily with organic growth besides the Bitthumb listing.
>Mainnet not here yet
>It will dump anons

>>11577479

>no fundamentals

Kek okay

>>11577437
I fell for
>link is a meme meme

should I fomo in?

>>11577537
Everything Rebecca states is directed at her stepfather.

>>11577759
Israel, final answer.

>>11577759

freely living somewhere without paying rent?

>>11577895
fucking kek

Take it to reddit for some fresh new stinky bagholders, I like following them in their dead 5 posts a month subreddits.

>>11577437
just sold and moved profits into rlc for the next moon mission. thanks anon

>>11577479
>There is no fundamentals supporting further pump.
Oh no, it's retarded.

>>11578002

Long term yes. Short term no. You brainlets have no idea why its pumping right now do you?

>>11578046
But you do? LMAO
>guys sell now, it will drop back to 2000
>guys sell now, it won't pump further than 3000
>guys sell now, it won't pump further than 4000
>guys sell now, it won't pump further than 5000
>guys sell now, it won't pump further than 6000
>guys sell now, it won't pump further than 7000
Just stop it already. And don't fucking talk about confirmation bias again because you do the exact same thing.

>>11577593

Don't you realize what you are saying. You were bullish as fuck on something, bought and ended up bagholding for almost a year now. And now you are doing it again.

You should serve as a warning anon, you obviously don't have very good judgement. If anon is bullish on something, it's a signal not to buy because you will be a bagholder.

Anyways today's pump is just pricing in for the Devcon4 conference. It will dump post conference.

>>11578079

Ding ding ding.
But ofcourse, larger factor at play is the fact we rallied for 3 months anticipating this exact month.

Essential bears are ready to take over for a while if anything short of a black sawn event comes from this which exceeds 3 months of a rally.

>>11577759
It's called squatting

>>11577895
you are a MANIAC

>>11577437

>>11578097

This. I've seen a lot of linkies try to deny that this so called "linktober" month was hyped and anticipated but they just wont listen.

Anyways the chart shows a bearish engulfing at the moment so looks like we will dump a bit or go sideways. The only people buying now are poorfags with their burger flipper paychecks and a few newfags who only found out about Link due to the conference and are FOMOing in and about to get burnt. These guys don't know all the iron hand memes so expect them to do dump easy and just buy back in lower when the uptrend reverses.

>>11578169
>>11578097
>>11578079
Be a little less obvious about the samefagging, anon.

>>11578216

Lol. Just wait and see. Peak delusion.

>>11577514

>muh TA

take that bone out of your nose and call back

>>11577437
It pumped after sibos

>>11578216

>2 people agree, must be a samefag because no one could ever be bearish on Link nuh uh

Fucking brainlet moron. One thing about the coming dump I am really gonna enjoy is seeing delusional idiots like you become massive bagholders. I'm gonna make threads to laugh at you just like I laughed at Bitcoiners when they fell from 20k. Linkies are literally at the same level of peak delusion that Bitcoiners were at in December last year. Wont listen to any reason, claims TA isn't real and doesn't matter, completely blind and retarded bullish. A big correction is about to happen because your retarded behavior in this manner attracts whales that are looking to dump.

The more retarded bullish you get, the more confident whales get that they can dump huge loads at a high price.

>>11578293
main net you shit stain

>>11578309

Mainnet is quite a while away anon. You think he's gonna surprise release it at Devcon? What a dumbo faggot you are anon. Enjoy getting dumped on post conference.

>>11578273

Lol anon. That arrow points to the exact day sibos happened last time.

>>11578337
I remember buying the exact peak of that candle.
Good times

>>11578331
ive only ever bought link, if it dumps im going to buy more. with chainlink, you just win.

I love swing trading my stinky linkers. I sell a bit at every top. Now waiting for the panic dump to buy back in

>>11577479
>There is no fundamentals supporting further pump.
>There is no fundamental grammar supporting subject-verb agreement.

>>11578388
I buy Link too, except I buy when the TA says to buy, not when it says to sell, like right now.

You are retarded for thinking LINK is the one project on earth to ignore TA because my 1k EOY. You think Amazon doesn't follow TA as well?

Also quit with that Justin Sun tier shilling it's cringey. Sergey's shilling is so bad.

>>11578419

Ok anon. After tomorrow, what will people pump it up to ath for? What will fuel more buyers to push against the big resistances continusly?

>>11577437
I could see a dump to 5-5.5k sats happen, however chainlink’s pricemovement is kind of unpredictable lately. We might even see a pump to 10k sats. Who knows

>>11578464
>HE DOESNT KNOW
kek, dyor stinkie

>>11578466
Chainlink Top 500 Wallet Report 19-09 to 25-10 $LINK

Top 500 token holders total increased by 7.5 million tokens.

35 dropped out of the top 500 with 4,3 million combined.

35 new top 500 token holders with 13,3 million combined.

9.5 million less tokens on the exchanges.

>>11577437
>news about new partnerships incoming by the day.
>Sergey on a world domination tour
>mainnet is imminent
Who is delusional here?

>>11578464
you are trying too hard to be an insufferable twat, m8
it shouldn't be that high effort

>>11578450
technical analysis is confirmation bias on a grand scale. i hate you religious bastards

>>11578546

This event has been hyped for months snd linkies are buying speculating on it. You are all doing it in this thread.
Once it is anounced what is gonna fuel buying? Who is left to buy? What can you speculate on?

Mainnet? Yes same as when it dumped last time

>>11578498

Kinda bearish to be honest. 13 million Link bought to price in Linktober. 13 million Link to be dumped on the market afterwards.

>>11578571
I can speculate on you being eternally BTFO by being wrong 1 time and losing your ticket to lamboland.

>>11578450
>Strong uptrend
>Sell signal
What. Did you also sell ETH at 350?

>>11578571
Yes, except last time the team went total silence and not at all shilling and hinting that mainnet soon.

>>11578582
Yeah, at $10

>>11578592

How?

Lol. If it is in confirmation i can buy back in. Who gives a shit. Im not a poor fag who cant afford to be wrong. Believe it or not I can buy 500k link right now if i wanted but that is retarded. Only poorfags think about buying at top ranges, because they handle insignificant sums of money

>>11578620
You can’t buy 500k because of a lack of liquidity. You don’t seem very smart, bro.

>>11578610

>strong uptrend due to hyped conference
>conference not the sell signal

I dunno what to say anon, you are a born bagholder.

>>11578617

Who's to say that after Devcon Sergey wont get hard at work implementing reputation and aggregation and working with the supposed 100's of teams.

>>11578582
>hurr durr 350 million bought in the ICO, 350 million to be dumped afterwards.

>>11578633

Lol. You realise this entire lingering at top range gives large holders the liquidity they need to sell? Idiot.
Whales love this price action. Slowly let anons fomo buy with their wages.

I will buy lower soon, or, if we break 8k and indicators confirm we going up up i can buy back in. Handle all investments like it is a 50 million dollar entry or exit anon. Not like 50$ you found under the sofa

>>11578648

Idiot.

Top wallets don't buy high unless they are pricing something in and intend to dump. All the big boys got in on the ICO or accumulated low last year. Top wallets buying up in the last month is not regular accumulation. It's whales pricing shit in for a dump.

>>11578636
You need to watch his latest talk.

>>11578671
>Handle all investments like it is a 50 million dollar entry or exit anon. Not like 50$ you found under the sofa

This holy shit. I do the same and find it strange that no one else on /biz/ acts this way. I keep seeing retards market buy and then saying "it's just a few sats higher lol who cares, it's just a few cents higher than yesterday what's the difference". It's a difference of millions of dollars.

>>11578672
Yeah, and they also transfer the funds off the exchange, because that makes it easier to dump, right? Fuck off brainlet, your arguments are shit.

>>11578672
>claims he knows how whales work and think
>has less than 5 figures of wealth himself

>>11578672
They aren't buying to dump, they are buying to further accumulate and Hodl.

>>11578708

No one holds large amounts of funds on exchanged retard. Taking it off and putting it in a wallet for a month also assuages the fears of retards so they think they are gonna dump, so that they can keep FOMOing in peace. But the fear the news of "whale moves 13 million out of wallet to Binance" is the payoff, and when the dump it makes sure the price continues dumping lower after they are done, so they can buy back at the bottom.

>>11578712
Nah man whales are just regular guys like you and me they see a promising thing they pump the market and we all know how they hold longterm and help our ecosystem to keep prices stable and high we’re all gonna be rich lol just buy more at top XD

>>11578733

AHAHAHAHAHAHHAHAHHAHA

HAHAHHAHAHAHAHAA

kek

>>11578748
So we shouldn’t buy the “top”, but when link was down I’m sure you were here saying not to buy it because it’s a stinky scam, right? Just shut up, dummy.

>>11578776
its impossinle to FUD the fundamentals so they're taking this new angle

>>11578776

When Link was down I was buying it up in droves. Because that is when you buy, when the price is low.

Fucking retard. And of course, yes, you FUD when it's down too. Only nulinkers don't FUD.

>>11578799
>FUD the bottom
>FUD the top
nigga are you retarted

>>11578799
Yes yes, you’re a financial genius who buys every bottom and sells every top with 100% precision (but is still poor).

>>11578776

Lmao, no. Buy low sell high.

Dont sell the bottom idiot. And dont buy the top. How hard is it

AND WE ARE BACK UNDER 6k SATS! AHAHAHA!

Imagine being so dump to have bought that pump and now just a few hours later you are bagholding.

>b-but it was a long term buy, when mainnet is out etc etc....

You could have gotten even more Link for your stack if you had just waited and not FOMO'd. We are trying to help you guys.

>>11578830

I'm not poor though.

LINK is worthless..

>>11578838

>under 6k sats

>>11577437

>>11578838
>under 6k sats
...

>>11578337
So it pumped

Sergey said in his recent talk that the SLA would be public. Basically this means an attacker knows the exact oracles the contract is pulling data from. This is a big problem. The problem is there’s no way around it because you’ll have to show the contract is reliable by showing these x# of oracles with high reputation are going to be triggering the payment. It’s like you have to make this info public but at the same time giving attackers the exact info they need

>>11578856

Yeah, on the day a huge fomo candle not quite reaching previous high whoch was sold off instantly

>>11578850
>>11578854

It's almost 3 in the morning where I am. I meant 7k sats obviously it was a typo. Still that dump was huge, look at the increased volume.

>>11578878
>volume is down since the pump
You’re not very good at this...

There are people on this board who have real life fiat money invested in crypto, who think that TA is a thing.
Let that sink in.

Sergey said in his recent talk that the SLA would be public. Basically this means an attacker knows the exact oracles the contract is pulling data from. This is a big problem. The problem is there’s no way around it because you’ll have to show the contract is reliable by showing these x# of oracles with high reputation are going to be triggering the payment. It’s like you have to make this info public but at the same time giving attackers the exact info they need

>>11578905

Volume of the dump is actually higher than the pump.

>Reading this thread and realizing people don't know to buy low and sell high.

>>11578549

This. You can’t predict when a large buyer is going to enter based on meme lines.

>>11578954

By that logic you can't predict when a larger seller is going to exit the market either.

Anyways TA is useful and a thing and you shouldn't ignore it.

>>11578954
>>11578974
TA leaves room for surprises, especially in illiquid markets.

It's still useful for seeing the emotional swings of market participates and the patterns of their behavior.

>>11578974

Link’s price is too low and the order book is too thin to risk swing trading based on TA. I would understand it if the mcap was over 1bil, but atm trading on TA is gambling and since Link has major upside fundamentally the smartest approach is to hold so you don’t fuck up and lose your position.

>>11578549
TA has made me 40k in a bear market. Im going to keep using it

Also i wanna say People are jumping into link right now because they dont want to jump into tether. Wait till the BTC moves up again.

>>11579246
Ah the old “link is just tether now” fud. Gotta hand it to you guys, the fud is really creative sometimes

>>11577437
>october 30, 2019
>linkies are at peak delusion right now
>just got my sell order filled at $7

>>11579363
>only 1600% gains in 1 year
Nice FUD

>>11579328
its fact. Just wait and watch

>>11579414
That’s what people said at 6000 sats

>>11577759
Having sex with Your mom

>>11579450
yeah and btc is on the way down at the same time. are you seeing the same thing i am?

>>11578925
anybody with half a brain knew this. you have a billion dollar contract and you're not able to show other parties in the contract the SLA? do you know how business agreements work? there would be far more risk in not being able to show, see or verify a contract that you have entered into. that's the whole point of decentralization. if you have a high value contract, you have a high amount of decentralization.

Wtf is the gibberish in this thread? Everyone is pretty much talking out of their asshole. I've got a fat LINKY stack that im unironically holding for 1000x and that could be 6 months or 6 years. NOBODY knows m8. LINK like BTC is either everything or nothing. So you're either burning $1k or making $1mil, burning $25k or making $25mil, burning $100k or making $100mil. Just set your risk level and play. This shit is stupid easy.

>>11577437
I'll beat the everloving fuck out of your ass in with my dick if this uptrend doesn't reverse.

>>11579973
OP gonna get his ass beat with a dick

I'm peaking. Just came all over my keyboard.

>>11579720

>>11577759
Loitering

>>11577895
The name "Israel" first appears in the Hebrew Bible as the name given by God to the patriarch Jacob (Genesis 32:28). Deriving from the name "Israel", other designations that came to be associated with the Jewish people have included the "Children of Israel" or "Israelite".

>>11577437
Why do You think relying on TA is a good idea right now? I mean CL is dancing a ball around numerous conferences in a short period to come.
What an absolute SEETHING faggot

>>11577437
>>11577437
Is that a Bearish Pennant? I'd sell my stack because it probably will drop a little but I'm so afraid of being empty handed even for a second I won't bother and just continue to hold. Maybe I could just swing trade like 20% of my stack

>>11577835
it could if mainnet gets delayed even more, but at the end of the day this is not about a shortterm investment so i dont understand why anyone cares about the prices the upcoming months. chill for 1-3 years and be rewarded

>>11581537
>hurr dirr it’s gonna take 3 years FUD

>>11578378
I remember having 10k link at sibos and being on top of the world.

>>11581553
for mainnet, no. but since you are retarded i might need to explain. the price wont instantly go to skyhigh numbers the moment its released. it will probably take atleast a year of proper adoption and usage without failures.

>>11577437
I hope you’re right OP and it crashes right back to 0.20, I’ve only got 3700 and Time is running out.

>>11577479
>There is no brain activities in my heads supporting thoughts to make senses

>>11581586
Wrongo, cucko.

Go buy some more 1000 sat ravens

>>11578337
So you’re saying it was already clearly in a downtrend, caught a quick pump the day of SIBOS, then continued its downtrend?

Wow thanks for that. You’re right, the clear uptrend it is in will most certainly follow this same behavior therefore it will dump
> tfw retarded

When anons agree thats its gonna dump, its not gonna

>>11581586
you are both right and wrong.
Right that its value will increase and mature over the years as it's adoption worms its way into every crack of human and robot society.
and wrong in that it won't go sky high on mainnet.

>>11581895
this time it will, 6000 satwooshi has to be tested