/biz/ - Business & Finance

>>20316357
absolute unit of a token

>>20316357
Yeah. HODL.

>>20316357
Link will flip eth

>>20316411
Checked

>>20316411
CHECK

>>20316411
>Link will flip eth
i've seen worse retardation in 2017

Sell and profit.

>>20316411
This year

>>20316411
This, but I definitely will not sell until we're top 3 minimum.

>>20316357
Why has Link been pumping over the last week? I still haven't heard any news. Thought it was insider buys at first but still no announcement of any substance. People are just all of a sudden noticing the token? Why a new ath every other day?

>>20316695
NO BRAKES ON THE CHAINTRAIN

So there is 996,751,379 LINK in circulation? That means when LINK hits $1,000,000, the market cap will be $996,751,379,000,000. Bros, is it really possible for 990 trillion of the world's wealth to be locked up in LINK?

>>20316695
>Why has Link been pumping over the last week? I still haven't heard any news.
Link had tons of massive news these past months; BSN, InterWork Alliance, etc.

Link was getting suppressed every step of the way for the mast months, and what you're seeing now is Link finally starting to make up for that.

>>20316631
THIS IS THE YEAR

>>20316786
Almost all of the circ supply will be locked up in staking nodes. Also, market cap is a meme.

>>20316786
>Bros, is it really possible for 990 trillion of the world's wealth to be locked up in LINK?
Link is set up to have things like derivatives run through it.
Link's price has to be high enough to provide a proportion of all value going through it as escrowed collateral (staking).

>>20316695
delay from the BSN announcment perhaps

>>20316911
>>20316795
So the chinks started buying the links? A week after their BSN partnership was announced?

>>20316821
>market cap is a meme.
Can you please explain why its a meme again I forgot sorry

>>20317012
bsn goes live july 31. they're building hundreds of nodes atm, and no doubt link to stake to them

>>20317039
Because it's basically a made up number.

Let's say you have a coin and there are only 1000 of them and they go for $1 each, your market cap is $1000. Then let's say everyone stops selling and then one person lists one coin for $5000 and it's bought. The market cap is now $5 million despite only $5000 actually changing hands.

>>20317128
isn't bsn live already?

>>20316411
chekt

>>20317039
See >>20317164

It's just the only evaluation of crypto they can really use just now. Don't take it seriously. LINK will be number 1 in 5 years.

>>20317012
>So the chinks started buying the links? A week after their BSN partnership was announced?
Everyone started buying Link.
And as soon as BTC whales dropped their guard, Link made a run for it.

>>20316411
That is the 411 if I have ever seen it. Checked and correct.

>>20316867
This. Those who even think about selling under $500 are mentally slow. Realize all the breadcrumbs are true and this is the largest crypto project. Period.

>>20316357
What site is this data from?

>>20318598
messari.io

>>20317039
>make 1 million tokens
>sell exactly 1 token to a friend for $1
>???
>your token now has a market cap of $1 million

>>20317164
You have strong retardation, what you wrote also applies to price per coin. MC is simply the total value. Have you ever considered why you are so retarded? Just curious to understand the perspective of a potato.

>>20319354
>what you wrote also applies to price per coin
That's what he said yes.

>MC is simply the total value.
MC is "total value" IF all coins were sold at price of the most recent trade.
It's a completely hypothetical number.

What do you guys think about Cardano?

>>20319463
Have you ever considered why you are so retarded? Just curious.

>>20316695
Retail

>>20319354
>people arguing using MC
>rararara
>herfraaf

>>20319518
lmao, that's literally the definition of market cap: price of most recent trade x supply.

Not sure what you're trying to cope with.

>>20316695
It's just normie fomo. Link is mainstream now, all over reddit, big youtubers, etc. This same shit happened with tons of others for no reason, ie EOS, NEO, TRON, etc. It's just going to dump down to a couple bucks again soon. Screencap this

>>20319518
>>20319535
Okay fain brainlets, I'll write it so you will understand, perhaps.
>Say you make a trillion tokens, you buy one for a dollar, someone else then buys for $5000 and now your coin is suddenly worth $5000?!?!
Did it help you? Do you understand I'm targeting the logic?

Until dump

>>20319664
>Link is mainstream now
Not yet.
Not bey a long shot.

>>20319671
What are you even saying?

If you make a trillion tokens, and someone buys one token for one dollar, then the market cap of that token is $1 trillion.

>>20319535
>>20319542
>>20319671
Actually I can give you an even better one.
>You buy 100 tokens for $1 and it's all you own, and someone else later buys one of same token for $5000, now your net worth is suddenly $500,000 ?!?!?!

>>20319740
Your brainlet tier is bewildering.

>>20319815
>>20319861
A token's price going from $1 to $5,000 is a serious moon, anon.

Whether you can actually sell them all for $5,000 a piece is another matter.
Which is exactly what makes MC a hypothetical number.

You are seriously struggling with this, aren't you?

>>20319903
Okay I give up, logic is not for you.

>>20319952
You just posted the exact reason why MC is fictitious, but you think it proves MC is not fictitious.
It's fascinating watching you go through this mental process.

>>20319952
you couldn't sell all the tokens for $5000 at the same time without completely dumping the price, which makes marketcap largely irrelevant

>>20319997
Okay fine you absolute fucking drooling mongrel of a brainlet.
I made a point to show that it is as fictitious as the price of the coin or your net worth. Which in turn renders the discussion moot. Because by the same logic it's all fictitious. Seriously last try I make, gods speed.

>>20320137
>I made a point to show that it is as fictitious as the price of the coin or your net worth
The price of the coin is what you pay, and your net worth is what you can spend.

Market caps on the other hand are not something you actually buy or sell.

>>20316411
I don't see that happening. Remember that the Chainlink network is still mostly propagated by the success of ETH.

>>20320404
most people don’t understand the architecture of blockchains and smart contracts. If they see LINK + (Google, Oracle, SWIFT, EY, IBM, etc) they’ll pump it. Only the people who understand the tech understand what you just said. I don’t think it necessarily follows that a Ethereum-based token has to be worth less than ethereum. Chainlink is cross- blockchain and set up to work with legacy systems. Chainlink is in its own class desu

>>20320547
I think only people who THINK they understand the tech will agree with him.

With threshold signatures, link is able to scale without eth.

>>20320614
Chainlink + Arbitrum makes iExec irrelevant.

>>20320671
I'm talking about this https://blog.chain.link/threshold-signatures-in-chainlink/
not iexec. youre probably right though

>>20320614
>what is DeFi
I’m not talking about scaling. ETH usage and LINK usage go hand in hand. No one is gonna be austicslly watching transactions like we do/have done

>>20320700
Defi is fucking nothing if you understand Link's partners and what they want to do

>>20316357
in all the chainlink hoopla id like to point out tezos is now 3.03 and im getting comfy staking gains every 3 days.

Where my tez dispensers at?

>>20316357
the volume is actually the most insane part, forget the +60% ATH or whatever we have going on, we have literally flipped ETH in trading volume, we are top 2 now, and only boomer btc is traded more. tether doesn't count as it is basically draws volume from all the other cryptos.

>>20320730
Did you read what I said above you fucking mouth breather? You probably bought this year and think you’re special for finding it. Some of us bought in 2017.

>>20320800
No I didnt read what you said desu

>>20319515
Dyr always.
Cardano Is a valid project, they are advancing fast, and its technology and code is probably the most advanced in the entire space.
There's lot of stupid fud against it, but they're scared. If you have half a brain tho, you can understand why it's something big.

>>20320828
Kek. We’re in complete agreement

>>20320794
Now you understand all the vitalik chainlink salt. Sir Hamburgers hijacked his crypto highway and built a friggin airport on it.

>>20316695
this happened to link a few times tho, we're so fucking ahead of the curve unironically that we could be considered deluded but that's incorrect, we're just way earlier. i remember multiple times when i was mega bullish for link and nothing happened for months, it kept crabbing and dumping but i was still really bullish and was literally waiting for my paycheck to come so i can buy more. then weeks or months later the market reacted and the bullishness was on full display.

>>20316411
TONIGHT

>>20320730
True, all defi projects are run by poos who liquidate positions by hand

>>20320794
this

And this is not the first time Link overtook ETH in volume, see pic.
It happened many times before.

>>20316695
You didn't notice the BTC whale dump every time Link tried to go over $5? He/they have been accumulating large amounts of Link. Now they've let up. They'll literally be multi trillionaires in a few years.

>>20319952
pathetic moron

>>20319664

It’s nowhere near normies yet, definitely getting popular in crypto communities but ken and Karen won’t hear about it for another half a year at least

>>20320404
Even assuming Chainlink was not chain agnostic and isn't aiming to become independent of ETH

For every oracle request, there is currently an amount to be paid in LINK and an amount to be paid in gas (ETH).

The value per request in LINK is much, much higher than that needed in gwei. Additionally, LINK can be used to execute smart contracts on Arbitrum, or Tezos, or other shittier blockchain VMs.

What this means is that once smart contracts are running on real world data (as all of Defi is currently doing for mere prices), the value of this network will be reflected in LINK much more so than in ETH, as the required gwei per execution will be proportionally much lower.

This means that LINK can have a much bigger marketcap than ETH.