/biz/ - Business & Finance

Kys swingie

wtf happened?
Last time I checked 14 hours ago Link was pumping.

>>19947494
You do realize we will never go below $4.50 right? just buy back before it’s too late, swingy.

The only thing that will get chainlink there is a major bitcoin dump. Otherwise we will be grinding up

>>19947527
14 hours is eons in link time

>>19947527
Wouldn't you know it? BTC tanked 10%. Darn the luck!

>>19947494
Looking forward to filling my bags

>>19947717
Why did I even ask.

>>19947527
BTC is gonna pump in a few hours and yuropoors have been dumping the price since wednesday to accumulate, it took a toll in all coins, also, they started at link ATH, lol

>>19947717
Take your meds

Am I the only one left on this board that care about us outperforming the sat value?

>>19947734
>they started at link ATH, lol
Saved this from two days ago.
It's BTC reacting to Link about to breach ATH.

>>19947742
You can't actually buy anything irl with sats.

>>19947736

I'm not saying its conspiratorial, anon! LINK just has really lousy luck trying to hurdle $5. BTC swing traders take profits at $10k, and 10k for now is still where LINK hits $5. Which is why LINK/BTC is so important because it tells us that eventually it will past 5$ without BTC being at $10k. Now, if it dumped even harder to compensate for LINKBTC growth, that I might consider coordinated price manipulation.

>>19947769
you can buy money with sats

>>19947771
>BTC swing traders take profits at $10k, and 10k for now is still where LINK hits $5.
But BTC was $400 away from $10k.

>>19947788
You can buy money with literal dirt.

>>19947805
It's just a real mystery why BTC dumps when LINK nears ath, I guess. But heaven help you if you think its coordinated action, you'll be told to take your meds, lol!

>>19947527
a whale transferred a huge amount of bitcoin a couple of days ago

>>19947769
I dont plan on cashing out any time soon so i guess thats why sats is more valuable to me

>>19947494
More like $1. It will be March all over again.

>>19947812
In May, Link tried to breach $4 five times, and BTC dumped each and every one of those times, within hours.

>>19947854
That doesn't make any sense either.
Why sats? Why not gold? Or apples? Or AMD stock?

>>19947897
Because the entire crypto market is tied to bitcoin....

>>19947742
I care about the ETH value, but BTC no more.

>>19947518
>>19947539
it is weekend... 99% Link will dump. If Link goes above $5 it will dump harder with no survivor. Even $2.50 will be too high

>>19947937
Bitcoin is now tied to the stock market.
It doesn't actually mean anything other than following acute moves.

>>19947944
Why ETH?

>>19947897
Ok but why would bitcoin dump when link is at an ATH? FOMO selling BTC to get into the link moon?

>>19947982
I have no idea.
Maybe it's whales with a ton of BTC on their hands that they want to convert to Link, so they sell&suppress.
Maybe it's just plain jealous BTC whales.
Who the fuck knows.

But it's been going on for a long time.

>>19947972
>Why ETH?
Because I believe ETH will outperform BTC by a wide margin over the next 1.5y. I stopped caring about BTC because it is nothing but a dead store of value, the shiny rocks of crypto. ETH has real economic activity.

I understand this is a bit irrational since money made is money made, but if we go there, the ultimate yardstick is fiat.

>>19948014
And you also believe Link will outperform ETH then?

>the ultimate yardstick is fiat.
Always.
That's the only true medium of exchange.

>>19947996
Doesn't make sense. You don't move an asset that has 100x the value of the smaller one to manipulate its market. You'd just manipulate the smaller asset.

There has to be a more mundane explanation, something like LINK is a late mover after ETH & BTC have moved so it appears anti-cyclical.

>>19948030
>And you also believe Link will outperform ETH then?
That's what I am watching. I was an ICO buyer, so for me that assumption held true. But at some point, it might break.
LINK's market cap is already uncomfy close to ETH's. At some point, ETH must pull away, but I find it extremely hard to tell.

I am not much of a trader and no swingie, but at some point, I want to sell to ETH to catch that insane rocket ship.

>>19948045
It makes sense when you consider that there are a lot of oldfag whales with huge BTC bags.

>You'd just manipulate the smaller asset.
You first need to hold a bunch of that smaller asset before you can manipulate it.

If these are BTC whales who want to buy Link, they'd just sell BTC and buy Link instead.
If these are BTC whales who are jealous, they'd sell BTC and not buy Link instead.

>There has to be a more mundane explanation, something like LINK is a late mover after ETH & BTC have moved so it appears anti-cyclical.
This in no way explains the perfect timing at the absolute micro level.

Crazy that crypto and linkies still exist. Y’all are tanker stock people v 1.0. Just wild

>>19948076
>It makes sense when you consider that there are a lot of oldfag whales with huge BTC bags.

look at this cringe kid

it's been a day since it reached 4.95
it would have dumped before 3.00 by now

>>19948930
dumped below 3.00*