/biz/ - Business & Finance

>Except this is being done at an institutional level.
bullish

>>17346935
500k worth is smaller then some people stacks here faggot

>>17346968
>institutional sell off is bullish.

>>17346935
>Im looking forward to the egregious cope and mental gymnastics that LINK holders will have to justifiy that this is a good thing.
lets be real here, you're the one who is furious that you didnt buy link in -17 and now you wake up every morning reading about link and keep being reminded of how much of a brainlet you are

>>17346976
wait they're only selling 500k USD worth of link for 50% off? pfffft
for a second I was deciding if I should sell part of my stack and try and get in on this

>>17346935
u got sauce on this?

>>17347011
Cmon it is right in the centre of the picture highlighted in blue.

>>17347024
https://blog.crypto.com/the-syndicate-to-list-chainlink-link/

>>17347008
I got Link at 30c and sold 75% of my stack 3 days ago, 20% yesterday. The remainder i have is for swing trading.

>>17347024
I got an email from crypto.com
Here is the source
https://crypto.com/exchange/syndicate

500000/4.29=116,550.116

only 115k available at half price .

>>17347024
its on their main page, stinky linky

>>17347027
yeah see that here
Saw it another thread though where that wasn't mentinoed
kek what a scam

>>17347046
I have 150k linkies I wonder if its worth selling of some and try to scoop up a few but it seems like a hassle

>>17347076
500k volume my dude
no way you're getting in on this
it's a marketing gimmick for desperate linklets only

>>17347076
In fact, I wouldn't be surprised if this thing was thrown together in an attempt for a whale to scoop up some links

>>17347093
I guess

>>17347115
So you dont see this as institutions wanting to get out or at the very least de-risk their portfolio?

>>17347032
>>17347034
>>17347048
https://help.crypto.com/en/articles/3573723-the-syndicate-general-information

jesus christ look at all this red tape, i seriously dont know if doing all this shit is actually worth it to participate.

>>17347138
lets put this in perspective
The 24hr volume on binance for link/usdt is currently 44 million
the 24hr volume on binance for link/btc is 2,500 btc
500k usd is literally 50 bitcoin

You realise that all these LINK are the LINK that retarded users are staking on the platform. They are literally selling your LINK. These are retarded marketing strategies for tricking poorfags. $500k is nothing. Next, wait for the exit scam. You've been warned.

>>17347148
that never came to my mind no
link is a bullish asset to hold right now
this is a way to get people to sell
doesn't make any sense

>>17347153
That's nothing. Are burgers allowed?

>>17347148
On their website it seems like they do this with a lot of coins. I doubt the chainlink team even had much to do with it.

>>17347153
stake my shitcoin that i made out of thin air in exchange for your shitcoin that was made out of thin air.

I tried to get the MCO credit card as an Australian, there were so many hurdles to get through that it wasnt worth.

>>17346935 Wtf bros is this worth the hassle?
I’m already SUS because
>Hong Kong - chinks
>”crypto.com”
>buy our staking coin to participate in the allocation
>but there is only 500k given out!!! Lol!!!

Seems like a scam and the exchanges 4th cousin probably has a bunch of CTO tokens and we’re just buying from them and get baited by 50% off LINK

>>17347168
Ding ding ding

>>17347153

Say you did all that, how do you actually buy the LINK at 50% off? How would it work?

Kucoin did this with BTC and a 90 percent discount. Holy fuvk I was hyped. Didnt get shit. And they only sold 5 btc. Its just cheap advertizing.

>>17347294
I cant find much on it. I assume its some convoluted way that only 5 people can figure out in time resulting in people locked into staking crypto.com's shitcoin

>>17347294
its super convoluted probably on purpose, assuming you kyc, meet all their criteria and get approved you gotta first buy a minimum of 10k of their CRO token and stake it, after you've done that you gotta buy more CRO equivalent to the size of the LINK allocation you are allotted by them and this is directly influenced by how much CRO you're currently staking, more CRO staked the higher LINK allocation, once you have your allocation (currently the info about how much CRO to LINK allocation isnt available) you buy CRO to contribute in the $ value of your LINK allocation at a 50% discount and this is used to buy your discounted LINK, meanwhile the CRO you bought to stake in order to get your allocation is locked for 6 months.

>>17346935
retards speak about staking all the fucking time, meanwhile I've been staking LINK and other shitcoins on here for 18 months.
LINK 6%
CRO 16%
MCO 3%
BAT 6%
Perfect boomer app as it is simple and fast with alright fees.
Look at its growth and volume!
they own 'crypto.com' for fuck sake.
If you all believe in crypto so much why would they exit scam? seriously...why?

>>17347497
sounds like bitconnect

>>17347168
Nice id

>>17347569
The same reason nobody uses porn.com

>>17348024
not bad, but that is people fucking vs a currency exchange. smartcontracts.com in the same boat then?
I'm years ahead of y'all just by being able to spend my staking games on a metal VISA credit card.
I don't have a bank account anylonger due to crypto.com.
I've only got 33% off each stack on their app, 33% on LEDGER live with phrase punched on steel plates in different locations and the other 34% spread out on DEFI based wallets such as metamask.
Meanwhile you just hodl like a gimp.

>>17348069
gains* not games

>>17347034
oh ye sure you did big boi, proud of ya, copekinder ;)))

>>17348069
Congrats on your 0.01 Link per day, champ

>>17348069
I just don’t really trust somebody who would buy crypto.com thats all
Smartcontracts is not in the same boat because they don’t try to lure in normies

>Meanwhile you just hodl like a gimp.
I swing and i make more then 6% annually
So that’s that

>>17347497
>locked for 6 months.
lmao

>>17346935
BULLISH. WHY WOULD THEY PROMOTE A SALE OF TOKENS IF THEY ANTICIPATE A PRICE DROP?

SERGEY KNOWS ITS AS ERECT AS A 4CHAN NEET IN A JEWISH SLIDE THREAD. BUY

>>17348069
Wow that actually sounds like a scam

>>17347168
This is my fear...I have a lot of linkies staked with them

>>17348069
I'm with you Anon. Making 500 LINK per month through staking

>>17346935
>Inhales

>>17347698
My wife still doesn't believe in me.

>>17348098
risk management? Normies can't/won't swing trade and as much as I dislike normies, we need them to flood this market as some point otherwise there is no reason holding any crypto long term.
>>17348090
I actually get 14.2 LINK every day, plus MCO, BAT, BTC and ETH.
These gains are what I spend using my VISA card. I get ~$280USD currently to spend every day if I wish.
Never been to a country or even store that hasn't accepted my card.
At the end of each week I use what I haven't spent to buy silver or wait until the end of the month and buy a 18K gold chain from a pawn shop.

>>17348177
Redpill me on this card thing you use

>>17347497
yeah something like that, it's another pajeet scam

>>17348128
VISA is now a scam? You realise it's back by their insurance creditors right? Big 4 tested and certified and KYC out the ass before they trust you with a card right, you know just like a traditional bank.
Where do you see the scam?

>>17348177
>>17348192
It's a thick metal Visa that you top up with crypto on the fly if you choose to. It's actually pretty amazing. I've been using it for six months or so. Paying bills and buying expensive dinners. It honestly scares me because it seems too good to be true

>>17346935
Isnt that the company that took LINK from people for a percent return? Are they basically selling the LINKs that people gave them in trust? Lmao. Absolute ponzi

>>17348216
So you feed your staking gains into it? Is that automated? Seems too smooth

>>17348192
The more of their native token you stake the better form of card and rewards you get.
There is a free card but you don't get cash back offers on that, stake 500 MCO and you get free spotify and netflix etc.
50000 MCO and you get the PLATINUM black card which is thickish metal and pimp as fuck.

>>17348243
>So you feed your staking gains into it?
Not all of them but yes. Not automated though.

>>17348216
Apparently my parents felt the same when credit cards first came out with all the cash back offers and incentive they had. Reward points etc.
We are just ahead of the curve fren.
If crypto.com goes down then it's because all of crypto has gone down and I don't see that happening.
Looks at the charts for the few coins they allow you to buy. They don't deal in shitcoins for the most part.

>>17346935
what the fuck is this shit forreal, they are going to dump it to $1.80 before march

>>17348235
That is what Banks do with your accounts with them retard. You put (debit) cash in a savings account and they use those funds to lend at a higher rate to people as credit.
Babies first time in finances?

>>17348284
It's real anon

>>17348284
nah, they make huge money from people buying CRO to stake for 6months and sell a petty $500k of LINK knowing that people will mostly stake that LINK with them any way. Even if all that LINK gets sent to other wallets the still make bank selling the CRO

>>17348301
Yeah but they use relatively modest returns and not bitconnect levels of delusion. Also they have to follow strict regulations with reserves, not just be a total ponzi

Have one with your scamcard while the gettings good bro -- hope you're reporting all those non-like kind exchanges youve been making

>>17348281
so I could just stake my 10k stinkies there

>>17348281
Cheers man i just started staking too. About 25% of my stack getting 15 link a day about. Feels so comfy. If you believe in crypto it really doesn't seem that risky. They stand to make much more by lasting through a bull market. It logically makes no sense they survive a bear market only to exit anytime soon. Also they just adjusted the earn rates for some coins, lowering them. They very well might be selling some of our linkies but between us we have more than 500k of link with them, so it's really hard to be concerned. Right now I just have the 500 stake card, but if link goes up much more ill have to upgrade because the limit is 500k in earn.

>>17348330
Seems like a shill to me bro, wouldnt trust them until REAL staking comes out. TINSTAAFL

>>17348312
The minimum stake is about $580. If they can get 862 people all minimum staking they'd get their money back instantly

Chances are, they've gotten a fuck tonne of coins over the years, all at low prices and to provide liquidity to their coin and exchange, they sell these coins at a discount. With staking this then bumps up the minimum price for CRO. Quite smart desu.

>>17348322
Crypto is less than 10% of my net, if it crashes to zero tomorrow then I just move on with my life and feel sad for my frens that have gone all in on this world. I'm not at their confidence levels just yet.
My accountant handles my taxes so reporting anything is his duty, it's why he gets paid.

>>17348344
Yea it does seem like a shill to me too, but from my understanding staking link at crypto.com is like loaning those links and getting a % back depending on how many you stake

>>17347168
Retard

>>17348332
I went a bit heavy on the MCO for the top dog card but I went 10 years debt free and debit cards only so I decided I deserved a PLATINUM card (it's pretty much a debit card anyway).
LINK is my second biggest stake then BTC and ETH.
The longer people wait on this the less they will be rewarded in staking %.
I wish I held more CRO at 16% especially after the recent pump but I kept spending it on LINK kek

$500 per link? that's a damn good deal

Wait you can stake link already?

>tfw sub 1k LINK, 10k CRO and 50 MCO in the earn program and my earnings so far are below >>17348177's daily rewards
I might just buy some rope instead of LINK with my next paycheck

>>17348452
You will get there fren!
You are way ahead of 80%+ of the world population just by having savings. Now add the fact that you own LINK and realise that you have already made it.

>>17348452
It's not about money, or how many meme coins you have.

It's about the frens you make along the way.

>>17348496
i want to lend crypto too but i always feel like this is too good to be true.

so if i lend without the 500 mco stake i only get 6%, and if i stake with at least 500 i get 8%?

>>17348448
It's staking not actual money belly steaking. Crypto.com let's you stake and in some countries borrow some crypto

>>17348790
pretty sure you only need 50 MCO to start staking and different coins have different % rewards with CRO being the highest at 16 or 18%
LINK is 6% but as low as 1% if you don't lock them in for 3-6 months and want to be able to withdraw at any time

>>17347497
Yeah this is one big ass scam

>>17348943
you sound like my mum who still doesn't do online shopping because it must be a scam.
The entire financial system is a scam retard.
NGMI

>>17348861
holy fuck its not avaliable in leafland what a fucking shit country

>>17349031
Get more passports!
I'm Australian but use my Ireland address for the card.
You know you can have multiple passports and just having one leaves few options yeah?
You can get them from some tax havens by giving small donations to local charities.
Grenada is like $30k right up to prime ones like Malta for a cool $1mil.

>>17347497

>>17348496
>>17348501
Thanks for the hopium frens. Despite the bullying and the hate I take from linkies for being a retarded newfag, I still consider you as my friends.

>>17349006
did you say the same thing who said bitconnect was a scam? jesus

BITCONNECT IS A SCAM? HEH, BRO, FIAT IS THE REAL SCAM!

wow, so fucking profound dude

>>17346935
citizens of china, hk, and usa excluded
crypto.com is fake andgay
pic related

>>17346968
Wait so you buy linkies for 500k then just dump it on faggots women and niggers for market price and make 500k profit in one day just like that?
Devilish as fuck. These kikes really know no limits.

>>17351542
Tell me how you would never do that, because I know that if I had the power and money to do that I most likely would. CRO is dumping rn and LINK had dumped quite hard yesterday and I have no idea where sshould I throw money when/if i get to go to their exchange.

They’re using LINKs popularity to hoodwink anons into buying their exchange token to be in with a shot of securing a small amount of LINK. It will pump MCO and hardly any anons will get half price linkies.

>>17351768
I was thinking something similar. They could pump and dump both MCO and CRO so that in the end you'd be better off buying LINK directly instead of trying to buy it at discount. Also, I can't into charts bc I'm stupid so pls no bulli

>>17349006
online shopping is a scam though, they pick the products that are closest to their sell-by date so you're getting the worst possible deal. Of course like most teenagers you think you're so much smarter than your parents
>The entire financial system is a scam retard.
lmao, you sound like a stoned college fresher.

>>17346935
on 3/3?
the day leaving 303 days left in the year?

Government 133 52 137 47
Tree of Life 101 56 169 52
Kabbalah 38 20 178 52
The Syndicate 133 52 191 65

>>17346935

It would be much more profitable to market sell 700k at this point

>>17346935
You seem to be under the impression that this has anything to do with chainlink. Which it literally does not, like at all