/biz/ - Business & Finance

1 LINK = 1 cup of coffee
Bottom soon

>>14833293
imagine pumping a shitcoin to 4 billion $ evaluation with CEO telling you in whitepaper he will dump his 70% of supply on your head,

>>14833293
When you acquire a company, the people in that company are now on your payroll.

>smart cities

>>14833293
That's why BTC will always be king

>>14833360
huh... really makes you think.

>>14833360

>>14833411
Yeah, I love it when the miners dump their coins on a weekly basis

>>14833360
>he knows

>>14834520
There are energy costs and financial risks involved when it comes to mining.

>>14834511
checked. link 1keow

>>14833360
Unfortunately we won't hear about this for awhile

>>14833293
>Vitalik sells nearly 25 million from his personal stash
>"I sleep"

>Sergey sells nearly 9 million for company expansion
>"OMFG HOW DARE HE????"

>crypto is not a scam for pedos and heroin dealers

>>14833360
Wtf u mean that if I buy a company the people in there won't work for free for me now that I own the company? What a bunch of communist shit.

>>14834631
Yeah. But running an emerging tech company out of SF doesn't have "energy costs" and "financial risks", right?

>>14834712
>he people in there won't work for free for me

It takes a VERY special type of person to do it for free...

>>14833360
This is what gives me hope. They've been talking about expanding, and obviously hiring more Chainlink team members is a part of that, but there are other ways to expand and grow a company...

Are they still dumping? Fuck off /biz/ i let you asshats talk me into buying this at 3.60. I should have stuck to my guns that this was never gonna make any real gains for years

>>14834863
It did make real gains. I 10x my money on my stinky link pile. Thanks for cashing me out.

>>14834863
you going to look back at this and wonder why u worry too much for so little

>>14833360
Lol try explaining that to the smoothbrains that are panicking
You can tell they’re almost all exclusively wagies or students and they’re not familiar with the dynamics involved in operating a business
Oh and all the students say how they plan on retiring before 30
HAHAHAHAHAHAHAHAHAHAHA

>>14833342
Imagine not being smart enough to do that yourself

>>14833293
and image of pepe and a greentext. I cant believe how effective it works

>>14834863
>I should have stuck to my guns
lol what guns
you have no conviction
especially since you're blaming others for your situation

>>14835211
The gun im gonna put in your ass m80

>>14835470
>The gun im gonna put in your ass m80
first make sure to suck down the barrel and pull the trigger to ensure it works

>>14834716
You can't mine LINK. They're work-in-progress utility tokens created by a central entity with the push of a button. The business is like a state that inflates the supply with dumps for profit. You have to trust them, Bitcoin doesn't need trust, it doesn't belong to anybody.

>>14835575
>You can't mine LINK.
The fuck does that have to do with anything?
So only companies that "mine" have "energy costs" and "financial risks"?

WHEN THE FUCK DOES HE FINISH DUMPING TOKENS SO I CAN RE-BUY?!

>>14835621
The creation of Bitcoin has risks and doesn't involve any company. Tokens are a bit like Disney Dollars, you need an exclusive utility for them like Disney World. You must hope for the success of Chainlink but the token atm is worthless.

>>14835984
>The creation of Bitcoin has risks and doesn't involve any company.
Yeah sure, Bitcoin miners today aren't companies.
Uh-huh.

You're squirming so hard lmao.

>>14836007
Bitcoin is not a company, just like Gold is not a company. Chainlink is, and they're responsible for the supply.

>>14836037
>Bitcoin is not a company
We were talking about miners.
My god, anon.

Anyone got the event dates for link?

>>14833293
They should be hiring new people that genuinely believe in this shitcoin, and paying them in chainlink not USD.
How does an alternative to currency still pay its employees using dollars.
Makes you wonder about the longterm commitment.

>>14836199
>paying them in chainlink not USD.
They are, lol.

>>14836199

It is no longer a matter of belief. It is happening as we speak.

>>14836058
Jul 17 SF ETH Dev Meetup
Aug 2-4 trufflesuite/Microsoft
Aug 19-21 Web3 Summit
Sept 12th Binance US Ban
Sept 14 PSD2
Sept 15-19 Oracle Code One
Sept 23-26 SIBOS/SWIFT

>>14836219
Maybe I am retarded but how is the coin dumping?
The link should just be changing wallets, how does that affect the price negatively?

1k eod

>>14836517
What happens to price if supply suddenly outpaces demand? How many 700k drops have they done?

>maybe im retarded

Yes you are.

>>14834631
>using fuckloads of electricity just so speculators can trade your shitcoin back and forth with each other never actually using it to buy anything or producing anything of value
>meanwhile Chainlink will automate entire industries and usher in the 4th industrial revolution

>>14836517
oh boy

1) we're not dumping any more than the overall market, since we're still No. 16
2) it's possible Sergey is just moving those 700k batches around without selling a single one
3) when people see those linkies moving out of the dev wallets, them panic selling could impact the price

>>14834549
>i will confirm that you know he knows

>>14835125
its not him being smart, there are thousands of crypto scammers out there, he got lucky to find a group of absolute morons to buy it from him

>>14833319
Nah bottom is when it's the price of a banana

>>14837775
do you think that he will shove 1 billion $ worth of erc20 shitcoin up his ass or sell it and live like a baller for the rest of his life?

>>14836362
Your chart is accurate except where a drop occurs at new paradigm.

>>14837872
What?

>>14836517
They’re market selling. This eats into the buy orders on the order book and pushes price down. It’s the same idea as when a whale dumps the price by selling, and is why people tell you to ladder your sales.

>>14837966
Link's price hasn't dropped more than the rest of the market.
Still rank 16.

>says he will be hiring 8 new people
>needs to sell off close to 10 million to fund them

really makes you think

>>14837439
>>14837775
>>14837966
Thanks for the explanation

>careers page is still full

So ummm, who have they hired?

>>14838008
There's more to developing a company like that than just hires you moron.

Also, say they hire just the 8 people, at something like 150k (this is fintech in SF).
That's 1.2MM just for one year just for those 8.
Plus about 25% overhead, making it 1.5MM for one year.

And I'm sure they're going to make sure they can pay them for more than one year, so let's say they create a 3 or 5-year buffer just for those 8; making it 4.5 to 7.5 million USD just for those new 8 hires.

And then there's the team and staff already in place.
And then there's the licencing, legal, consultancy, designers, marketing, partnership fostering, events, ...
Not to mention the fucking gas, electric, water bills lmao.

A dozen or so million is absolute chump change at this level of fintech.

>>14838068
they need "time" to "hire" "people" (exit scam)

>>14838008

It does not make you think at all when u consider the companies bought and the running costs of offices. Making sure there is enough cash flow for an expanding and growing company is fucking textbook, noob

>>14838068
lmao, they're not just going to jump on the first guy that presents himself with a tie you idiot.
Management recruiting takes weeks or even months.

>>14838167
>And then there's the licencing, legal, consultancy, designers, marketing, partnership fostering, events, ...
Forgot the fucking downtown SF rent.

>>14838184

You keep telling your self Anon, and do what you like whilst u keep telling it to yourself... I donÄt get why you are envious of people making money with link though?