/biz/ - Business & Finance

>>19266099
What's wrong with maxis?

Let's not forget that the same occurred when Link was about to breach $5 too

>>19266131
Yup, within the space of two days BTC dumped twice as soon as Link got within sniffing distance of $5.

>>19266099
>"he bought bitcoin? dump it lmao!"

Fucker doesn't dump accordingly.. shorted all the way up to $4.15. I hope it will burn to oblivion once BTC shits the bed.

>>19266099
>>19266131
>>19266146
woah your shitcoin follows daddy bitcoins price action to a T?
thats insane you are really on to something here

>>19266200
>Link
>following BTC price action

You're an retarted.

btc is the tide. stop ignoring btc pairs.

>>19266226
>stop ignoring btc pairs
See >>19266203

>>19266203
>>19266226
>>19266241
This. If there is any concentrated effort to dump Link with BTC it's probably more of an attempt to slow it's growth in sats rather than dollars, which are fucked and nobody cares about them long term

>>19266200
Normally I would agree with you
But link has decoupled for the most part
Every time we start to break out bitcoin dumps
literally
every fucking time

>>19266099
Cheked!
For me, it's Chainlink. The best cryptocurrency. I even buy extra in the smallest dip and the price increase just keeps on its spirit to oblige.

One time I bought Chainlink for 50 cents. I said, "Chainlink for 50 cents!" and the nice friendly Binance worker laughed and said, "Wow, Chainlink for 50 cents!".

Now the Binance staff greets me with "Chainlink for 50 cents" and ALWAYS give me three extra LINK over a purchase of 100 or more. It's such a fun and cool atmosphere at my local Binance currency exchange, I go there at least 3 times a week for buying the dips and accumilating in lower price periods, 1-2 times for buying more LINK on the weekend, and maybe one extra time when I'm in a rush but want a great cryptocurrency exchange that is fast, and can match my daily cryptocurrency needs.

I even sold my BTC for CHAINLINK, it's amazing! What a great cryptocurrency.

>>19266291
>it's probably more of an attempt to slow it's growth in sats rather than dollars
Nah, they're dumping BTC whenever Link is at key USD levels, like $4 in OP and $5 here: >>19266146

These past three-four weeks there seems to have been an active effort to keep Link in the $3.8 range.
And during the past two days, BTC just kept dumping and dumping until Link went into that same $3.8 range.

>>19266292
>Every time we start to break out bitcoin dumps
>literally
>every fucking time
This.
To the point where it's becoming extremely predictable.

>>19266342
>it’s becoming extremely predictable
No it’s not you insufferable delusional linkoid.

>>19266505

>>19219791
>>19246325

Price suppression is bullish
They’re afraid

>>19266529
I made one too but literally called that LINK would hit 4.15 followed by the BTC dump. Its all so tiresome

>>19266623
Got the archive link?

>>19266638
can try to dig it up

>>19266638


>>19196201

>>19266787
delivered

>>19266787
based and added

I'm glad I took the trouble to actually look into one of these threads.
Consider my mind blown, congratulations.

>>19266921
This has been going on for a long time, but the $4 and $5 levels are probably where it's the most blatant.

>>19266329
and what are you going to do about it faggot?
tell your mommy?

>>19266965
Personally I am going to learn how to leverage short btc

>>19266977
checked

(((They))) are trying to condition us so that the next time it breaks $4, a mass of marines sell in expectation of a BTC dump, creating a self-fulfilling prophecy. But the buy orders will be (((theirs))) and once filled, (((they))) will pump it to price you out, make you FOMO back in and begin another cycle of shaking you down for every single LINK you own.

Remember that nothing makes (((them))) seethe harder then these two words: Never Selling.

>>19267042
It’s about to break $4 fren, btc gonna dump below 8k?

>>19267042
like how big is the percentage of swingers and short attention retards trading link really? its probably like 70% bought early, never sold, keep on buying, 20% of newfags and swingies that dont have a clue to trade and fall for exactly what you describe and 10% of real market markets that dont give a shit about link but ride it with insider tips

>>19267216
Instead of pulling guesses out of your ass why don't you go and find some data to answer your question.
Here: https://app.intotheblock.com/coin/LINK
Majority of holders (70%) bought in the last 12 months.

>>19267042
absolutely never selling

HOW MANY OF U FORGOTTEN UR MEDS?

>>19267064
I don't know, I don't watch order books because I don't trade/gamble. But (((their))) bots certainly do.

>>19267216
The concept that >BTC dumps when LINK breaks out is definitely in the minds of /biz/ marines now. Not sure if the outer twitter sphere is aware yet. We might get one more repetition of this pattern to really cement it.
70% seems high but getting a few larger holders and a mass of nulinkers to swing would be good pickings. Who knows what (((their))) metrics are but the temptation and bait is set.

>>19267370
Based.

>dude the Bitcoin network is conspiring against my ERC token and spending billions of dollars just to make sure I never get rich
>the elites don't want us link marines to make it
>It can't be the fact that this is a dev-whale project where the founder owns around 70% of tokens who frequently dumps with no restrictions

There is nothing dumber than a LINK holder.

>>19267493
Whatever DonkeyAnon

>>19267493
This, but unironically

>>19267362
Damn 70% that’s a lot. But ICO/2018 whales will always have the major bags

>>19267493
>the Bitcoin network is conspiring
What?

>>19267042
>42
Indeed. I really don’t see the point of all this because the vast majority aren’t selling. I guess it’s fun to see swingies getting btfo every now and then.

>>19267601
I thought I was a poorlinker but my wallet is like rank 2500. Pretty comfy.

>>19267601
>ICO whales will always have the major bags
Same is true for any coin/token.
Especially the big ones like BTC and ETH.

>>19267493
im gay and piss and shit all over the place

>>19266329
Why would they dump Btc to suppress Link price when BTC has 100x the marketcap of Link?

>>19268446
Haha me too thanks

>>19267493
DetectiveNiggerFaggot the Wankleass clones have literally admitted this shit

>>19268483
Market cap is fictitious.
If I shit out 1 million tokens, and sell exactly one token to a fren for $1; then my token has a market cap of $1 million.

What matters is trading volume, and Link is often the number 2 out of all crypto in terms of real volume, see pic.

>>19266099
>>19266329
>>19268483
>They're dumping BTC to suppress Link when it hits $4
is literally the dumbest and funniest conspiracy theory I've ever come across.

Here's what's really happening:
When Link hits $4, they dump some tokens from their stack on to the market (700k, 630k+70k, or 500k, take your pick).

They either:
1) dump equally on most markets, i.e. both Link/USD(t) and Link/BTC, in order to minimize slippage. Then they dump the BTC for USD(t)

or
2) They don't care about slippage and just dump on Link/USD(t) markets. Market makers with arb bots have buy orders on top of the book, and once the Link/USD(t) price starts falling, the Link they end up buying with their USD(t) gets immediately dumped by their arb bot on the Link/BTC market (which still has higher priced buys), and then the BTC earned from that gets immediately dumped on the BTCUSD market for an instant USD(t) profit.

tl;dr: the 700k/500k dumps are causing BTC to dump via chain reaction of arb'ing markets.

As long as suckers are buying the Link scam, we can never have a bull market until their 650 million tokens 65% dev premine runs out.

>>19268743
>When Link hits $4, they dump some tokens from their stack on to the market (700k, 630k+70k, or 500k, take your pick).
Yeah, that totally explains BTC shitting the bed lmao.

You're absolutely deluded.

>>19268743
>shitcoin dumps are causing btc to dump via chain reaction
this is the funniest now

>>19268758
>Yeah, that totally explains BTC shitting the bed lmao
Did you even read the rest of the post?
Or is arbing markets too complicated a concept for you?

>>19268743
Wow, so now bitcoin maxis are saying link is actually dumping btc. What a great timeline to be in

>>19268809
>Did you even read the rest of the post?
Yes.
Sergey "selling" Link tokens does not cause BTC to fall of a cliff, schizo.

>>19268811
>bitcoin maxis
Not even, I'm sitting in USDT mostly.
I just trade USDT pairs daily.

>>19268825
I explained my logic clearly.
You have zero explanation refuting me, except calling me deluded and a schizo.
Convince me otherwise then with something other than insults.

I'm open-minded, I'm not married to any coins, I'm sitting in USDT most of the time, just trading the "correction" of most major moves.

>>19268884
There's no way in hell Sergey "selling" Link tokens causes BTC to fall off a cliff.
You're just trying to pin this on "muh 700k dumps".

>>19268884
He thinks because he spends his summers in Guatemala picking beans he's a man of the people.

>>19268909
Then come up with a better explanation.
The "theory"
>(((They))) are dumping BTC to hold down Link's price
doesn't count, and that is even more schizo than anything I said.

My post is backed by a logical explanation and the dumps are actual transactions seen on the blockchain, while the "holding down Link's price" "theory" is nothing more than schizo hopium.

>>19268943
After calling me deluded and a schizo, now this post.
The Link pajeet shill army can't counter with any logic so they'll just throw insults at you.

If nobody has any logical counter explanation, which I already said I'm open to listen to, then enjoy your thread pajeets.

>>19268985
>Then come up with a better explanation.
There is no way for BTC to fall off a cliff because Link tokens are allegedly being sold.

>>(((They))) are dumping BTC to hold down Link's price doesn't count
Then you explain why BTC keeps dumping every time Link goes over $4.

>>19268743
>>19268809
>>19268837
>>19268884
>>19268985
>>19269056
According to Messari, "real" Bitcoin volume for the past 24h is 2.7 billion USD.

Even if you sold the equivalent of a 500k Link batch (=2 million USD) in a single BTC market sell, that's 0.07% of BTC's 24h volume.
To think this would crash BTC is stupid enough, but on top of that you're saying this caused BTC to crash through arbitration.

You are extremely retarded.

>>19269516
This, obviously.

Bonus: real Link 24h volume is $82 million.
A single $2 million (500k Link) market dump is 2.4% of that, so it would barely even dent Link's chart let alone make BTC dump via arbitration.

>>19266884
>>19266529
>>19266329
>>19266146


Don't forget about Binance conveniently halting trading due to "technical problems" everytime we were approaching ATH as well.

Is the purpose of price suppression more accumulation? If this is the case, why don't the powers to be just dump the price of link to below a dollar and accumulate in that zone? Why keep it at the 3.80 range?

>>19269797

They did that already in March. It also went to literally .01 on Binance

>>19269822
That was more of a flash crash (aka CZ accumulating cheap linkies), I'm talking more about dumping link to the dollar range or so and accumulating in that zone...why keep it at 3.80?

Also why link? Is link really the next big thing in terms of huge ROI?

>>19269797
It might just be a tactic for getting Link to temporarily follow the market again.

As long as Bitcoin is relatively well-behaved, Link tends to pump against the market.
When Bitcoin pumps/dumps hard enough, obviously the entire crypto market will react; even Link.
And this effect tends to linger for a while, pulling Link more in line with the rest of the market for a while, and thus more prone to manipulation.

>>19269873
Link is shaping up to be the generator for the third big crypto bullrun, after BTC and ETH.
ETH pumped largely on the EEA (i.e. enterprise adoption), but enterprises have no use for ETH without external connectivity.

>>19269890
Do you believe the larp about old time btc holders accumulating link?

>>19269943
From what I’ve heard it’s not just necessarily holder but miners

>>19269935
>but enterprises have no use for ETH without external connectivity
On a scale of 1-10, with 10 being most disruptive...how disruptive would smart contracts be?

>>19269516
I don't know how it works in Messari, but in most marketcap sites "Bitcoin volume" includes EVERY market that has a BTC pairing.

That is not real USD volume.

And $10,000 traded back and forth, buying and selling repeatedly, 30 times in a single day, will count as $300,000 volume even though there was only $10,000 real money being traded.

Cashing out completely, straight to USD, is not something that can be "absorbed" by "volume" (which is mostly the same money going back and forth).

Acting like the volume is 100% real fiat supporting the price in the order books is what's EXTREMELY pants-on-head RETARDED.

Why do these people who don't even have the slightest clue how markets work act like experts here?

>>19269943
There might be something to it.
Causing BTC megadumps would fit this scenario:

>be BTC whale
>want to convert large part of holdings to BTC, but wary of slippage
>Link pumps
>dump BTC to make Link dump
>buy cheap Link
>Link pumps
>rinse and repeat

>>19266312
This is one of my favorite memes

>>19267042
Those 42 digits. Keked and checked.

>>19266884
Made one as well:
>>19211325

>>19269997
>in most marketcap sites "Bitcoin volume" includes EVERY market that has a BTC pairing.
Which is why Messari's BTC volume is 14x lower than CMC's.
Messari's volume is as close to the real thing as you'll find.
Hell, even if you divide Messari's volume by 10x; a 2 million USD dump would still only be 0.7% of total trading volume.

They have to dump btc to dump link.
Dumping link directly would require them selling their link. Instead they have an infinite supply of tethered bloated bitcoin to do whatever they want with.
Imagine you had an infinite supply of bitcoin and you wanted to convert it to link. What would you do?

>>19269968
11

>>19270092
Based and also added-pilled.

>>19270195
>Imagine you had an infinite supply of bitcoin and you wanted to convert it to link. What would you do?
That's how I would explain the BigDogg BTC whale scenario, see >>19270008

>>19270217
Serious? It's no wonder some anons are speculating btc whales are slowly accumulating link...I mean why else would anyone sell an asset that went from pennies to five figures for an asset that is worth 3.80?

>>19266099
We're in a hybrid war against the jewish globalist cabal that won't let bizraelis get rich

>>19270195
>infinite supply of bitcoin
Isn't btc supply capped?

>>19269700
Big if true.

>>19266200
This. These retard threads always crack me up. It’s like their now admitting Link is a shit coin.

>>19268687
>What matters is trading volume, and Link is often the number 2 out of all crypto in terms of real volume, see pic.

True redpill

>>19266099
Knows this, doesn’t short bitcoin when link approaches 4$ it’s free money anon

>>19270257
Here's Gartner's take, just to give you a glimpse of how the legacy industry looks at smart contracts.

>>19270292
see >>19266203

>>19267042
Every dump gets weaker as no one but retards are selling. We won already, all you have to do is not sell. Fuck niggers, fuck jannies, fuck chinks but most importantly FUCK KIKES

>>19270373
The thing is, if you never sell, how will you realize gains? Even if link goes to triple digits, if you don't sell it's just numbers on a screen full of unrealized gains.

Someone check my recent trips, fucking christ.

>>19270509
It was never about the money. I just want to be free and that strikes fear at the heart of the Jew, if they have one

>>19270509
I think the logic is, it's more desirable to have a big bag of link than a big bag of bitcoin or dollars or whatever fiat money, so why would you sell.
>>19270333
checked!

>>19270509
You can open up a loan of stables on your stack with the amount you want to cash out. Need a new laptop? Borrow 1000 usdc against 10k link. You get your laptop and your still in the game. Loans are also not taxable as well (unless you default)

>>19270585
>dollars or whatever fiat money
The thing is, I want to purchase my own property as well as diversify into other legacy investments instead of staying all in on link. I think the most pragmatic solution would be to cash out half at a price point and stake the remaining half.

>>19269700
This was genuinely befuddling to watch happen live.
And then to top it all off, a month later Link magically dumped to 0.0001 USD on Binance.

>>19266099
i love these threads

>>19270744
>>19270744

Indeed it was, I was watching the charts live as well. I am also following CZ/Binance on twitter and the tweets were popping within minutes of reaching the ATH. I have a triple monitor set up and was like why isn't anything moving, CZ tweet pops up under 2 minutes later. It was insane.

Look at what price was Link before the "pandemic" started

>>19266099
ive made $56k shorting from $4 all this time

I just sold gonna buy back in at 3.80

>>19271044
Cool, how much volume did you trade and at what margin? Actually, just post your trade history, saves you from typing it out

>>19271086
im just kidding im never selling one link

>>19269854
To paint that perfect chart so when it goes to $1k people aren't super suspicious

>>19266099
ITS OVER $4 SELL SELL SELL SELL AHHHHHHHH

>>19266099
Got a 50x short on BTC. Really hoping this pattern is still ongoing

>link pumps
>btc dumps
Name a more iconic duo

>>19270802
Funny how after you returned from your summer in Guatemala where you picked beans you decided you needed three monitors to monitor. How frivolous of you to waste your bean picking wages on such a trifling battle station.

>>19272223

Dude what? Lol

>>19270692
Why do people still talk about selling their stacks...so dumb. Take out a loan against it. Even if you took out the loan for exactly what you would end up with minus capital gains, you're still ahead of the game, even if the entire platform you're using gets compromised.