/biz/ - Business & Finance

TLDR: OP is a fag

Just have to buy more

Seems like this FUD has been recycled 3 or 4 times since last year

>>11792460
nigger lmao. i dont give a fuck if its never worth 1k each. that will probably never happen. all i need is $10 link and im made.

>>11792460
If chainlink reach the same marketcap as ripple had in this spring, a link token would have a value of +250$.

If it reaches the same marketcap as bitcoin had this spring, it would be +1500$ per token.

You outline a hypothetical scenario, where link become mass adopted and "100 millions transactions occur each day".. and your calculations show you that "It might not be even 100$ ever."

you know that dyor i a meme, right? you are a retard, don't do your own calculations or research, don't trust yourself or you will forever remain poor.
If a kid with downsyndrom came up to you and talked about investment strategies, and the research he had done, the math he had pulled off.. would you invest in that? of course not, because he is retarded - you are the downsyndrom kid, don't attempt to do math or research, you'll fuck it up anyway.

LINK's javascript has been hacked and now all the nodes are being affected, meaning they will go offline one by one.

But here's the real trick; every node that goes offline first has to be validated by other nodes, Thus the first node won't go offline until EVERY SINGLE NODE has verified it actually has gone offline

LINK will be in an infinite javascript loop. Maybe if you're a programmer you will recognize FOR and WHILE loops. Well.. This is a FOR loop that NEVER ends.

The price will TANK to at least 50 satoshi. Maybe even lower when the nodes are actually verified being offline.

Sergey is now busy setting up extra nodes to undo this process. Called contra-hacking. He has injected some GO-language code, pseudo-offline code, into the ChainLink network. This means nodes will appear the be online, while they are struggling to go offline, but in the meantime they cant because it isnt verified yet. Neat trick if you ask me, but it wont last long before the other nodes will know whats really going on.

Get into something else now

>>11792663
>If chainlink reach the same marketcap as ripple had in this spring, a link token would have a value of +250$.

But why would it do so? If mainnet is not used enough and nodes are not very profitable, what is the reason to buy link tokens over 1$ each?

You don't get that x100 or x1000 without working product was 2017, not gonna happen anymore when 90% of shit is 90% down from ath. Now we need working real life products to moon hard.

>>11792460
This. I only have 50k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump. I need to make it to 100k before mainnet for fucks sake. Link is only going to $20 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it. The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen anymore.

The singularity is cancelled. Now we will have a slow growth to $20. And the sad but ironic thing is most people on this board will hold from 50 cents, to $20 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $20. Looking at the current charts depresses the fuck out of me when I know I only have 50k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on.

>>11792460

>If link gains massive adoption and has for example 25k nodes worldwide, with average of 10k links staked in each, that is 250 million links staked.

>Thoughts?

Your whole essay is based on the premise of 10k node size. That isn't guaranteed in the beginning because game theory says that individual stakers will aim to reach an optimal ratio of node size vs node count.

That will be determined by the market and how it progresses. i.e. if the most frequent requested collateral is 5000 USD then at a price of 1 USD per link, it's may be smarter to run two 5k ($5000 USD) nodes than one 10k node.

Additionally, as the network effect occurs, the value of LINK will increase and the optimal amount of LINK per node will decrease. Making any fixed prediction of size is going to be grossly inaccurate.

>>11792460
it's very difficult to predict something so speculative. $1000 EOY is a meme BUT it could happen, we just don't know

100$ would be beyond my wildest dreams, 1000 is ultra instinct tier

1000 eoy is metaphorical it means 1000 eventually, duh

>>11792460
$1000 EOY will happen because $1000 EOY will seep into normie consciousness in the next two months and they will make it happen for us.

Basically, LINK on its own is a $5 EOY coin at most. Don't get me wrong, it's an amazing project and all. But there is just not enough FOMO money in the world to pump it to $1000 in these market conditions.

But that was before the $1000 EOY prophecy. We are literally memeing it into existence now. Every post, get and copypasta deepens and strengthens the meme magic. It is contained mostly to this board for now, gestating like a beautiful fetus. But once LINK hits a certain threshold - my guess is $2 or so - and enters the top 20, it will enter normie consciousness in a major way. The way that every normie knows about TRON and XRP and EOS, even if they don't know what the fuck the coins even do. And the prophecy will become revealed to them at that time as well.

They'll see a coin that came out of nowhere (from their perspective), which keeps going up and not stopping (look at the last 3 months of price action), the rise of which seems to have been foretold by an internet prophecy featuring improbable gets and insider larpers. Us /biz/nessmen will see $5 LINK and think it's overbought, because we bought in at $0.50. But normies, redditards and newfags will see $5 LINK and think it's still got a 200x left in it, because that's what the prophecy foretells. And don't forget that everyone is desperate for another ETH or XRB after this extended bear market. They will FOMO in and the more they do, the more the prophecy will appear to be coming to fruition, and the more they'll FOMO in. A positive feedback loop that ends in the $1000 EOY singularity on December 31, 2018. A self-fulfilling prophecy.

And each of us is strengthening the meme magic with every post, every get, every picture of manatee sergey we post. Keep it up boyos. We're all gonna make it.

>>11792751
I'm sorry to say but you are a linklet with 50k aswell

>>11792890
this but eoy 2019 not 18

>>11792671
>javascript loop FUD
brings back good memories, this was always one of my favorites of the '17 vintages

>>11792663
based and extremely redpilled

>>11792911
more like 2025

>>11792913
yea it's my favorite that's why I posted it, I think it's the funniest fud pasta about link

My favorite new LINK fud is
>My patience is getting tired

>>11792460
1-1k eoy....?

>>11792890
LINK $1000 EOY

>>11792460
shit analysis.
These dubs unironically prove that link will be $1000 eoy. Check em.

>>11793627

dude if this token gets to 1 dollar it's already an achievement
XRP is not that valuable
not even BTC got to 1 dollar in link's timespan

and it's not just link now
any coin with a good development behind it will certainly pick up price much more quicker from now on, no turning back now

>>11793941
>dude if this token gets to 1 dollar it's already an achievement

>OP needed to write a whole essay to explain that with a 1000 dollar price the market cap of LINK would be larger than the entire crypto market

the absolute state of linktards

>>11792751
Neat Pasta

>>11792486
>reasonable price estimations are fud
OPs estimate is like best case scenario. LINK likely won't break $10 in the next few years.

I think there is a resurgence of anti-Linkism because at this point in time /biz/ has not yet learned how to smart contract. And I think we are going to be part of the throes of that transformation, which must take place. /biz/ is not going to be the monolithic coin shills they once were in the last few years. Stinky Linkies are going to be at the centre of that. It’s a huge transformation for /biz/ to make. They are now going into a smart contract mode and Linkers will be resented because of our leading role. But without that leading role and without that transformation, /biz/ will not survive.

>>11792460

Based and redpilled analysis. Linkies don’t want to hear it, but Link has the massive supply because it was always intended to be a low cost coin to make the tokenomics work. If it hits a $10 billion MC, that would be $10 Link. To compare it to other companies, AirBNb and Uber have MCs in the 20-30 mil range.

>>11795440
>to be a low cost coin to make the tokenomics work.
you have no idea how "tokenomics" work you brainlet. For the customers it doesn't matter how expensive the tokens are, if they are expensie they won't have to buy as many, simple as that

>>11792460
Weak fud for weak hands

>>11792460
Let's say that all these possibilities aren't even close to being reality either. Life is like that and alot of these linkies are gonna get hit with the truth.

OP sounds like some extreme lowballing but that's still making it for me. $200k+/yr just from staking, and that amount goes up every year since I'll just restake the earned link.

>>11792460
>We have a total of 1 billion links
It won't start off like that though. It's within the network's best interest to start off with the 350M that are currently in circulation and slowly introduce more as more link are stuck being used for staking. This will maintain price stability and provide liquidity if too much link is being hoarded for staking to prevent sudden price spikes from deterring businesses from using the network. Also 300K links being sold every day would only be 1.5M in daily volume which is less than half the current daily volume (at 1/10th your price estimate) so that probably won't have as much of an effect as you think it will.

>>11795116
Based and jewpilled.

>>11792751
50k is linklet af, LINK $10 dollars 2022.

Its exhausting to see people tout chainlink as a solution to everything. Even if it did get use like people think it will the price wont sky rocket from that. The best way to make the price sky rocket is printing tether and having whales coordinate with price manipulation.

We know this is going to happen because it always does. But it wont work forever because dapps that have actual use are very problematic. Not only are dapps problematic because they take away peoples blind hope for the future. They are problematic because they are disruptive to current day social media. 4Chan/Reddit could very easily shift over to something like Novusphere. A lot of people don't with deep pockets don't want that. They don't want you making use of IPFS nodes either. Nobody talks about IPFS on /biz. They don't want people uploading pictures and videos and using crypto in ways that fucks with Youtube/Twitch/Twitter/4chan/facebook. They don't fucking want that shit.

So what they will do is tell you to buy chainlink. They wont tell you about Novusphere or DelegateCall. They don't want you using STEEM. They dont want people ACTUALLY USING THIS SHIT. They want you nice and obedient. They want you buying HOLO. They want you buying LINK. They want you looking years into the future. They want you to HODL. They want to fatten you up for the next dump.

They don't want this shit to actually work.

>>11796246

I wouldn't say that LINK and HOLO are empty memes, but are you drunk or something? Novu looks cool but delegate looks stupid as hell. LINK $10 2022 that's it, then it will dump, maybe 20. I've talked about this before on here,

>>11796310
> replying seriously to pasta
RETARD
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