/biz/ - Business & Finance

you don't

>>15817750
/thread

Kraken has Link/EUR pair trade dude

I don't have a fucking plan what the fuck I do, and do I call/contact my bank that I will be having lots of incoming money transfers from some shady oversea accounts, but please don't shut my account?

I don't think I am going to be able to cash out

>>15817745
You don't. You never cash out. Binance is a scam. Link is lyf.

>>15817745
Kraken

You find a lawyer/agency overseas with offices in a tax haven and have them set your shit up.

>cashing out

>>15817745
Localbtc, cash out straight to cash like a good goy.

>>15817745
BIG OUCH

>>15817745
>>15817759
Every fucking exhange has shitty 10k withdraw limits, where can you withdraw like halfmil at once?

>>15817777
checked

>>15817823
>>15817823

What the fuck I do? they will just never transfer them and say "it's now ours goy!"

One of my worst nightmares is that link hits $50 I am never able to cash out, the exchanges just wont accept my money and will not allow transfers because im a goy

>>15817863
If chainlink ia ever worth anything, the fiat oracles should make all this easier

>>15817745
Wait, Chainlink can be put on a Ledger Nano?

Can anyone explain? I thought you had to use MEW or keep them on the exchange / broker accounts.

>>15817870
I can barely use the fucking Ledger, it's going to be fucking complicated to cash out, if ever with some sort of fiat oracle fucking smart contracts: I am going to fuck up I am sure of it

Even If I had 500k Link it doesn¨t matter: cannot cash out

Can't cash out

I cannot even if like link goes to $50
YOU GOTTA ACT FAST

You can't like fucking sell 1000 Links just to see if the money transfers work between the exchange, between you and your bank etc.

You gotta act fast, the second it hits big numbers >$50 its going to crash like a motherfucker to sub $1 only never to recover. I NEED A FUCKING PLAN

>>15817896
You can put it in Nano to your ethereum address. But they won't show in your little cuck display screen, but yes, it is possible, because Link is ERC-token.

But yeah, I meant the MEW you smartass.

>>15817823
>Every fucking exhange has shitty 10k withdraw limits
That's a good thing you dumb fuck, you never want to cash out half a mil at once, that's like screaming "HEY GOVERNMENT LOOK AT HOW MUCH MONEY I JUST MAGICALLY GOT HAHA NO TAXES SO FAR AM I RITE"

You cash out in increments, preferably from multiple different wallets and spread it out as much as you can. Cashing it all out in a single click right to your personal bank account is braindead.

>>15817896
using MEW to access the ledger, you can keep chainlink on there

>>15817897
use Coinbase and a Coinbase-friendly bank, like Ally, and you have nothing to worry about

>>15817897
gayest fud so far. way to make yourself look like a little bitch

>>15817745
>he thought he could get off the ride

>>15817915
Cmon man, >$50 is a deal breaker. Everybody is going to fucking dump on the market. I understand we have lots of newfriends here, but cmon now. IF you have like top 1000 Chainlink it is already make it money. They're not going to wait for $100 its just going to be dumped like a motherfucker. At least I am.

>>15817897
Sell at 49

>>15817745
>Where the fuck I do cash out with this when the time comes?
It will never come. reminder that LINK is NOTHING like ETH.

1. ETH had a testnet with thousands of users and finished mainnet 1 year after ICO, and only raised 16mil. Chainlink had a testnet and mainnet with ZERO users after 2 years and 32mil. It has gained ZERO adoption (the partnerships aren't using it). The level of developer adoption and excitement for ETH vs LINK is absolutely incomparable, LINK has none.

2. The Ethereum tech was actually innovative. It was the first successful attempt at a smart contract platform. It was decentralized and working one year after ICO. Chainlink only has centralized oracles (Sergey is lying about decentralization) which are not new or innovative. Their "innovative" solution to sybil resistant consensus is KYC.

3. The Ethereum foundation only had 1% of the Ethereum supply after ICO. The Chainlink team has 65%. Also when Ethereum was $1, it had a market cap of less than $100,000,000. It was actually a low market cap gem. Chainlink's real marketcap (if you count the 650,000,000 tokens in Sergey's wallet, ready to sell) is currently $2,000,000,000, which makes it an incredibly overpriced top 10 coin, not a low market cap gem like Ethereum was at the time.

4. Chainlink has already had mainstream exposure. It's made the front page of crypto subreddits countless times, was covered in forbes and every news outlet imaginable. Yet, even after all this attention, it has failed to get any developer adoption. It is fair to say that every single dev in the space knows about Chainlink, and decides not to use it. There are many projects running oracles in production, none of them choose to use Chainlink.

>>15817896
Remember, LINK is the last golden ticket out of poverty and you should never store 100% of your linkies in a single place. As unlikely as it is, someone could hack Binance or even Ethereum itself and steal everything you own.

Thankfully, since LINK is a blockchain-agnostic project, that means it can be stored on ANY chain using ANY wallet in existence! Sergey and Steve actually guarantee this interoperability in the white paper and it is a large part of what makes the project so appealing in the first place. Because of this, I strongly encourage all linkmarines to split their stack evenly across as many of the following as they can muster:

>Ethereum wallet (MyEtherWallet is always good)
>Several different exchanges (Binance, Coinbase, and Gemini are highly trusted) so if one goes down it's not game over
>Bitcoin wallet - Bitcoin is the O.G. blockchain after all and probably more hackproof than any other in existence.
>Monero wallet - storing your LINKs on the Monero chain has the added advantage of obscuring your trade history from the feds. When you finally cash out you won't need to pay any taxes on your LINK stack.
>Skycoin wallet - Storing your linkies in a Skycoin wallet will actually earn you coinhours passively! It's like earning node dividends without the wait or hassle.
>Try looking for little-known crypto projects that might have a fork in their future. If you store LINK on their wallet when the fork occurs, you get free forked LINK!

There are just a few ideas, but there are innumerable safe places to spread your LINK stack out in. As you can see, it's almost irresponsible to keep all your LINK in a dusty old MEW wallet when there's so many perks to storing it elsewhere. Keeping your link spread out like this also helps against the temptation to sell your LINK prematurely during the climb to $1000. Personally, I have my LINK spread out over 8 different wallets and 5 different exchanges, and I've never felt comfier

>>15817896
The absolute state of biz

>>15817745
>”when the time comes”
>linkoid literally doesn’t know how to sell what he bought
The time already came at $4.50. What are you still doing having a position in an ERC token in late 2019?

>>15818121
>Thankfully, since LINK is a blockchain-agnostic project, that means it can be stored on ANY chain using ANY wallet in existence!

No it can’t. Are you reading off a script?

Fuck I can't even be bothered reading any of these long posts

>>15817745
coinmetro has actual kyc with actual, reasonable tiers that wont contingently shut you down. i've had so much trouble with exhanges doing random shit and fucking my trades and CM hasnt pulled any shit on me for the past year atleast, so theres that

liquidity is low right now on link tho but apparently there is a liquidity provider coming in for alts this month. i've cashed out both link and eth to eur there, however not any obscene amount.

i've not used kraken tho so cant say much about it

>>15818172
the most hilarious thing about linkers is they talk about link as if it is currently:
1. decentralized
2. blockchain agonistic
3. has users
when it literally has none of that. It's been 3 years and $50mil in funding and they literally have accomplished nothing but fake partnerships and centralized oracles with 0 users. They have proven that they are too incompetent to deliver any of their promises.

>>15817745
>>15817759
>>15817823
>>15817896
>>15817897
>>15818102
>>15818121
>>15818172
>>15818221
The Chainlink iEXEC war is now official
RLC and Linkies are at a full blown war
OG Linkers are selling of and buying RLC
Massive panic in the Chainlink community that iEXEC might take a big marketshare from them

>>15818270
What's it like talking to yourself?

>>15817777
based quads

Bitpanda u brainlet