/biz/ - Business & Finance

>>12702975
Will there ever be enough liquidity to support this beyond $10?

>>12703000
I only have 200k 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 500k before mainnet for fucks sake. Link is only going to $5 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 $5. And the sad but ironic thing is most people on this board will hold from 20 cents, to $5 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 $5. Looking at the current charts depresses the fuck out of me when I know I only have 200k 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.

thanks knee pads, keep the daily threads up

>>12702975
Thx fren

Hope you’re all ready to get Bart’d on

>>12703000
Anything under 218$ is unquestionable. Because thats the value of link if it had ETH marketcap when it was 1000$.

the real question should be why shouldnt it surpass ETH at its ATH since link will actually make ETH BTC hyperledger or any other shitcoin relevent to the real world.

1000$ is highly probable! 218$ is evident

>>12703130
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons

>>12703000
Link recently got stable coin pairs, this most likely means it will be listed on coinbase.

>>12703012
>>12703156
That's some delicious pasta, my fren.

>>12702975
Has anyone noticed how Chainlink is only partnered with "Academic" endeavors like OpenLaw and Accord (aside from a proof of concept). Do you really think a bunch of multibillion dollar tech companies wouldn't be chomping at the bit to get this tech? Do you really think they wouldn't have horded tokens long ago if this platform was SO necessary and needed?

I am a dev involved in writing smart contracts, the link code is extremely buggy and sloppy

>>12703217
thx just sold 100k

>>12703217
Im a devinvolved in writing smart contracts, anf i xan confirm that you are a faggot

>>12703198
What you think they're going to slowly accumulate them on Binance?

There's 350m LINK for exactly this purpose - all under stringent NDAs of course.

>>12703217
Software engineer here. You clearly have no idea what you're talking about.

>>12703217
Yes sir, very bad code. Mutch bugs, sell your bags

>>12703198

Im not part of the team but anyone involved in the dev process (aka adapting to big tech companies like salesforce, docusign and others) can't buy their links on the market. You all should forget about charts, the golden bullrun will be when Sergey says that 400 million links have been distributed to microsoft, amazon, etc at 77$ each link, making the price jump from 0,55$ to 100$ due to hype in the blink of an eye.

>>12704098
You would see that on ethersca when sergey moves the link. But anons will freak out because he could be dumping on us

>>12704015
that 350m is locked to be used as node rewards to get the network up and running. ironically if anyone is buying LINK its from the 50M wallet holders.

>>12704120
unironically*

>>12704098
so what happens if Sergey decides to give the companies tokens for free to encourage startup of usage?

>>12704127
Ever try using your brain?

>>12704127
Sergey, steve and thomas are creating a software that works for all the big companies from all sectors. If he delivers he will sell the token directly to them at a fixed price. The same way that is proven that a NDA is done, I'm pretty sure all major stakeholder are forbidden to buy tokens on the market. First it will be too risky (quadriga fiasco),second because this is a non hype project and any real company being caught buying it will pump the price to the moon, creating frictions between all stakeholders and risking to ruin the project, and last, because despite this is a open source project, Sergey, Thomas and Steve are WORKING for them, to cause the 4th industrial rev, save the economy by cutting costs like no one ever saw before and create a software that adapts to them. When mainnet releases and tokens distribution happens, the cards are revealed. If Sergey delivers 1000$ link is absolute fud

>>12704118
Those links are locked and can be only distributed using sm1rt contracts they are used to pay node operators

>>12704620
same question... so what happens if the tokens are sold to the big corporation at a price that's lower the price on binance... what would happen to the price of link on the open market already in circulation?

>>12704726
What happens if Donald trump releases a porn video with maduro? That's stupid af. As you need link for collateral, the less link you need, the better, so that's why you want a high price for each link. Sergey needs money for bigmacs famalam

>>12703217
>extremely buggy and sloppy
such is the food on the land of my people
very tasty it is sir yes indeed sir nutritious
bring napkin

>>12704126
I've seen no evidence of that. The LINK will enter circulation when its on the network. It's likely that these actors will be paying for it but at a much reduced price.

ayy lmao
https://youtu.be/OTaSvj9Fc60?t=2204

does anybody have that music video of chainlink and sergey?

also my birthday is coming up and its great to be able to get to 50k around there

>>12705398
which one?

>>12704620
>selling them at a fixed price to corporations
I assume they will never make that price public. Otherwise, is it going to be be lower or higher than the crypto exchange rate?

>>12705526
the one with the nog singing ch-chainlink

>>12705559
It really doesn't matter. Ethereum mooned because real companies plans to use it. As soon as it confirms that azure is using chainlink, 10$ is fud

>>12705398
https://www.youtube.com/watch?v=Gm3mCyhO35o

>>12705559
This handsome devil is selling to organisations at a discount and you can't do anything about it

>>12705836
top kek, this is pure art

>>12705855
checked based and linkpilled

Freshly baked

>>12705390
Half-way through Gorgias now. I had stopped believing in the concept of a role model but there's some of what that would be in Sergey for me. If I don't get wealth from Chainlink I still won't go without having gained something from just knowing about Sergey.

>>12707334
Reading about how to evaluate businesses, how to evaluate startups, I'm struck again and again by how many boxes Sergey and his team tick.