/biz/ - Business & Finance

And this is linkbtc

don't fret so much about different couplings and just trust the fundamentals. link will eventually decouple from btc when real world adoption starts later this year and in 2020

>>15118366
Checked. Yeah I know in the long term I agree, but link has really pumped hard these past few months so it wouldn't be surprising for it to consolidate lower. It's gotten really expensive so I would like to find a nice entry. For instance the 21 on the linkbtc seemq comfy (in yellow on my screencap)

>>15118400
checked again. well ive been all in since 2018 so i cant give you any advice, but personally i wouldnt want to risk staying out of the market right now, considering we might get surprise announcements and irrational pumps at any given time. also, september looks like it will have many events that will involve link in one way or another. so practically, i would advice that you just dca whole of august and make sure to not be left behind

>>15118343
>>15118355
The BTC pair doesn't matter, it never did.
BTC itself is valued in USD, so anything that is valued in BTC is itself automatically and always valued in USD.

>>15118447
Ok, I mean feom a technical point if vue the retest of the 21 would make sense, but if you're saying there's gonna be news then TA is useless. The only thing is that expectations seem high with these events, which generally leads to a post event dump. Do you think there will be announcements that can live up to the expectations?

Coinbase doesnt have a btc pair therefore btc pair doesnt matter since binance will become irrelevant next month

>>15118532
not really, i honestly expect us to bleed all the way into september, but the risk of being outside the market on a surprise pump is to me higher than losing 20 % if entering now. on a personal note, im up atleast 600 % on my initial, so short term fluctuation is no concern of mine

>>15118551
very much correct
Also coinbase volume is about double of that of Binance. Binance doesn't matter a damn already when it comes to LINK

>>15118579
Ok, got you. I'm up too but still accumulating and I stil haven't adjusted to these prices, it seems so expensive, I feel like I'm buying nothing. Godspeed anon, see you on the other side (sooner rather than later hopefully)

>>15118648
godspeed fren

>>15118644
Checked. But because of arbitrage, the btc pair is linked to the usd pair. What I meant was that it seems lately that btc pumps led to a link decrease

>>15118644
Not true at all. Coinbase's LINK/USD volume is 12.6% of total volume, LINK/ETH is 0.23%. Binance's LINK?BTC is 53.4% of total volume and LINK/USDT is 28.7%

https://openmarketcap.com/cryptocurrency/link-usd

>>15118524
This guy is a fucking loser and don't deserve to be trusted. BTC is ALL that matters. If you buy link and when you sell you are up in $ but not in BTC, im sorry but you lost money and are a faggot.

If BTC pumps to 20k, link is gonna have a rough time

>>15118695
>f you buy link and when you sell you are up in $ but not in BTC, im sorry but you lost money and are a faggot.
And if you bought BTC instead of Apple stock in January 2018, then you lost money too.
Does that mean Apple stock is "all that matters"?

You are hilariously retarded.

>>15118691
you should translate that LINK/btc pair into dollar
chinknance is about to become hitbtc 2.0

>>15118726
yeah, the LINK/BTC pair is $26,700,655. 53.4% of total volume. What don't you understand?

>>15118747
What does that have to do with anything?
Going from USD to BTC to Link takes maybe a few minutes at worst.

>>15118747
you are right, I'm wrong about volume
Nevertheless, chinknance has about another month before it becomes just another fringe exchange

>>15118747
I think he means the linkbtc pair volume is gonna go into the linkusd pair

>>15118343
It's normalizing and won't be going anywhere up for a while unless something happens.

>>15118772
>chinknance has about another month before it becomes just another fringe exchange
why?

>>15118833
Most volume comes from the US
US will be banned in about a month
What happens than is that Binance either exit scams or becomes a fringe exchange with no volume

>>15118711

The only difference with your retard tier scenario is that BTC wasn't providing 30% of the market volume to amazon shares, you humongous piece of cancer

>>15118343
It’s probably either gonna go up or go down

>>15119171
>is that BTC wasn't providing 30% of the market volume
Irrelevant.
Going from USD to BTC to Link takes maybe a few minutes.

>>15118355
Alts will continue to bleed sats for months, maybe even down to 0. Most major support levels have been broken. Link is fine for now as it has a lot of support on the way down but it is certainly in an ugly downtrend that has no reason to be broken.

>>15118524
You are a fucking idiot. This recent pump was a LINKBTC pump. Sell your coins and get the fuck off my board.

>>15120269
>You are a fucking idiot. This recent pump was a LINKBTC pump. Sell your coins and get the fuck off my board.
When BTC moons, what are you comparing it to?
USD.
That's because BTC itself is valued in USD, so anything you value in BTC is automatically and always valued in BTC.

You are retarded.

>>15120269
>Link is certainly in an ugly downtrend that has no reason to be broken
Link isn't on a downtrend, BTC is on an uptrend.

>>15120289
You are repeating your retarded spiel not realising just how fucking stupid it is.
>BTC is valued in USD therefore only USD pairs for alts are important despite all alt trends being dictated by BTC pairs

>>15120304
>price is falling but it's not in a downtrend
>the asset against which x is traded is going up but this doesn't mean that x is in a downtrend lol
Kill yourself low IQ subhuman.

>>15120347
>all alt trends being dictated by BTC pairs
The fact that money first goes through BTC and then to Link is irrelevant.
It takes literally minutes to go from USD to Link via BTC.

Sats themselves are measured in fiat, so anything you measure in sats is directly measured in fiat as well.

>price is falling
The price hasn't been falling for like a month.

>>15120376
>The price hasn't been falling for like a month.
>price can only be valued in fiat
Summer sure is here.

>>15120393
>price can only be valued in fiat
What else? Sats? Sats are themselves valued in fiat.

>>15120401
Yes, price is falling in sats. Yes, sats are valued in fiat. No, price is not falling in USD. No, the USD pair is not relevant to this at all. Yes, BTC pair is all that matters because it both dictates the USD price and is most important if you are looking to increase your fiat by increasing sats.

>>15120511
get out retard

>>15120530
Don't reply to me, mouthbreather.

>>15118343
Trading shitcoins is so arbitrary, order books are thin as fuck, you get rekt by random news and BTC fuckery as you outlined in OP make it impossible. Just don't, trade BTC if you want to trade or do the sensible thing and go allin LINK.

>>15120376
It's still down almost 30% in fiat in the past month. It only reversed in the last few days.

>>15120630
>don't trade shitcoins, trade BTC and /biz/shitcoin

>>15120511
>the USD pair is not relevant to this at all.
The USD value is all that matters.

>BTC pair is all that matters
It takes minutes to go from USD to Link via BTC.
The BTC pair is irrelevant to the fiat value of Link. It's a technicality.

>>15120633

>>15118695
im not trying to buy hotdogs with btc, go back to redit with your cryptocurrency memes