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File: 102 KB, 1227x599, 2019-08-31 20_18_34-1.7714 _ LINKUSDT _ Buy ChainLink _ Binance - Opera.png [View same] [iqdb] [saucenao] [google]
15448964 No.15448964 [Reply] [Original]

Guys, I don't know if you're aware of this but LINK has dropped more than 50% in value this month.

>> No.15449021

100% to go ;(

>> No.15449044

Im 2x long on this with 5.5k link Vince 21.5k sats. Hold me.

>> No.15449127

Buy high sell low

>> No.15449207

Dang we didnt know this....and there is a link thread here every 5 seconds. Thanks anon for the clue to solve this mystery

>> No.15449227

>>15448964
it also went 10x in a few months,

a 50% correction is NOTHING lmao.

a 50 correction was much needed.

Hell, it can still correct more, why so surprised?

>> No.15449269
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15449269

>>15448964
I was thinking about this before, but why do we gauge current price based on the ATH that essentially happened for less than a few hours? Link "lost value" from that point, but over time it's still up by an insane amount. It's dropped below the 30 day MA which means one of two things usually. Either it's going to continue to go down (usually this only happens if a project is silent for a year or if there is no legitimate reason to actually hold onto whatever the thing in question is, be it a security, currency, or token). Either that or we've actually unironically bottomed out. Where we're at right now is slightly below the mean, in despair and literally any news at all will send us back to $2.50

>> No.15449284

>>15448964
Should I sell?

>> No.15449309
File: 73 KB, 741x568, 1561940424537.jpg [View same] [iqdb] [saucenao] [google]
15449309

>>15449269
Alternatively, if you compare the current link chart to what ETH did back before 2017 if you scaled it down you could say that what we're in right now potentially is the bottom of the "first selloff" phase of the chart posted above. Assuming history repeats itself with LINK we could see $15-20 EOY and/or if another altseason happens close to $50 next year

But that's just my gut feeling, nothing more nothing less

>> No.15449310

>>15449284
No