[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

File: 5 KB, 232x162, cf8.jpg [View same] [iqdb] [saucenao] [google]

We're pumpin boys Anonymous Wed, Oct 9, 2019 02:38:21 No.15860340 [Reply] [Original]

>>	Anonymous Wed, Oct 9, 2019 02:41:32 No.15860358 File: 314 KB, 978x478, 1541241936272.gif [View same] [iqdb] [saucenao] [google] >>15860340

>>	Anonymous Wed, Oct 9, 2019 02:43:25 No.15860377 Why are we pumping bros any news

>>	Anonymous Wed, Oct 9, 2019 02:43:41 No.15860380 I sold at 2. Make it stop

>>	Anonymous Wed, Oct 9, 2019 02:44:16 No.15860386 >>15860377 >he thinks announcements and news are needed to pump the price of the god protocol

Anonymous Wed, Oct 9, 2019 02:44:20 No.15860387

>>15860377
Wash trading, not real volume. It's not like people suddenly woke up yesterday and collectively decided "We are going to buy Chainlink today"

The volume went from 500 BTC to 5000 BTC in less than 24 hours. It is wash trading and people will get dumped on.

>>	Anonymous Wed, Oct 9, 2019 02:45:27 No.15860398 >>15860386 It’s not adoption quite yet. Someone knows something we don’t It’s time to start worrying about the 700K dumps again as well

Anonymous Wed, Oct 9, 2019 04:21:58 No.15861212
File: 17 KB, 250x250, FEATURE.CHAIN-LINK.png [View same] [iqdb] [saucenao] [google]

Btw the link collateral system is really sinister: it's designed to extract money out of dumb node owners in the last stage of the hype pump. As the price falls, they are going to have to add more link to keep its value, effectively transferring wealth to other holders. It's going to continue until they are completely out of funds.
Smart nodes are going to borrow their entire collateral and earn interest on acquired stablecoins (with higher rates), insulating themselves from the price fall and creating no net demand for link except interest. Price goes up - pay part of the debt. Price goes down - borrow more. Collateral value kept stable.
At the end, even if 99% of all link is going to be locked as collateral, the token velocity is going to be so high as to make the price very close to zero.

Calculate the price on your own or you won't believe me: $10M in payments daily, nodes hold one payment 5 minutes.

>>	Anonymous Wed, Oct 9, 2019 04:23:00 No.15861222 Nu fud is hilarious. Literally who didn't know this?

>>	Anonymous Wed, Oct 9, 2019 06:08:30 No.15862129 Cooopeee

>>	Anonymous Wed, Oct 9, 2019 06:12:02 No.15862161 >>15860387 Are you not paying attention to devcon?

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]