/biz/ - Business & Finance

>>21194812
FUNDAMENTALLY

>>21194812
it depends on whether or not this is institutional money, and chances are it is. nothing big has broken about chainlink recently, there's no reason for normies to be moving their investments to it.

>>21194812
Zoom in

>>21194851
yeah institutions are buying a json parser and the volume is not binance bots trading lol

>>21194897
lol newfag

>>21194812
you're right. we still have a long way up to go before we stabilize.

>>21194812
Worked for Ethereum. Clinging to the late-2017 rise and fall of BTC is all very well, but Link is a generation on from that, and it has utility value. Corrections will happen, and even crashes. Link will prevail, and you know it.

>>21194812
use Log

>>21194812
Realistically, the market cap should be about 100x larger.

>>21194812
Imagine never seen a coin pump in your entire life, then spend your time on biz trying to lecture others.

>>21195620
I'll see you at $7

>>21195654
i would literally dump in my entire savings account if LINK went back to $7

>>21194975
You wish

it is invincible

>>21195675
It'll go to $5 when you do

>>21194812
>mETHheads thought this was sustainable

>>21194851

This, reddit clearly dislikes it from the salt threads I've seen. Not a lot of play on twitter minus some crypto thots, and nothing in the news, nothing mainstream.

Really makes me think.

>>21194846
SUSTAINABLE

We even havent gone into staking and derivatives yet..

>>21194851
>hedge funds buying your shitcoin
please kys

>>21195758

>I Kek Ngl G

W-what

>>21194812
Reminder that the linkie lore profitsized a green candle to $1000 over the course of a few days

Yes they really are that stupid folks

>>21195730
Dont even have to point to ETH, OP has no idea what hes talking about at all, first time crypto mad cuz he think he missed the train.

>stinkies think this is sustainable
>I don't know how crypto work so I think my picture proves anything other than the opposite of my stance.

I'm getting FOMO
But I also got fomo at $5
Still not buying

Like I've said before. Technically This is likely going back to $5

>>21195867
once steaking is live, that will happen by mathematical necessity.

>>21195895

>Didnt FOMO in at 5

You missed out on triple gains dummy

>blocks your path

>>21195846
Absolutely based

>>21195654
I would love to see LINK retrace that hard, would accumulate so hard. Sad fact is that wont happen. Don't be mad the train hasn't even left yet, stop crying and jump on board so you can get som gains too.

>>21194851
Agreed. Price discovery bolstered by NUO getting BTFO. See you on the yatch fren.

>>21195867
Wtf how small is charls?

>>21195941

Telecom Anon here

Gonna have to cut you off guys

>>21194812

>>21195654
I'll see you at $17

>>21195895
I should have bought the pull back to $7

>>21194812
insider pump before 28th, 29th, plus BSN global portal tomorrow (10th)

>>21195869
I'm so happy to God that he kept LINK under a dollar for so long... We are incredibly lucky. Bless the Fudders.

>>21196046
Buy every dip or stay poor.

>>21195758
never thought i'd see a snakefinger pepe

>restart eet
>link dumps to $0.1706

>>21195869
>repeating market cycle
>drops to 9-9.30, then blast off into 30-50s

>>21196098
pepe has the pretty face but apu is the brains of the situation

>>21195869
And it retraced over 50% after that peak. Dude you just proved my point lmao.

>>21194897
weak bait

>>21195721
This.

>>21195721
problem is you'll never see this coin below $10 again. so not sure how it going to $5 is going to work.

>>21194812

>>21195867
>profitsized
>they really are that stupid
How do I long irony?

>>21195654
it's not like people won't be buying as it dumps.. ofc there will be a correction.. i doubt it goes that low though.

>>21196274
As a no linky
I think he might be right
$10 would be a 30% correction from this current point. That seems reasonable. All the way to 50% of it peaks at $20

>>21196195
sorry, 0.04 -> 14 is not -50%. Is math really that hard?

>>21197256
jun 29, 2019 peak at $4.21
sept 16, 2019 bottom $1.58
See you at $7

>>21197481
i came here to see this post today
i think i like this anon

>>21197481
>jun 29, 2019 peak at $4.21
>sept 16, 2019 bottom $1.58
>aug 10, 2020 peak $14.45

Forgot that last part though, stay poor my friend.

>>21194851
exactly what i was thinking, summer 2019 movement was directly adjacent with news, this year we had even more bullish news but had no immediate movements, then these pump happened out of nowhere

>>21197620
>it went to $14.45 therefore it wont correct 50% like last time

>>21197652
>This will be the first ever trace back ever happening in the history of trading therefore LINK will never go back

I don't even know what your arguing about any more, you have been disproven with your own "proof", now your point is that trace backs happen and therefor you hate money? Or that you think its impossible to hold a coin through multiple pumps and corrections? That you think you can time the market on your first ever trade without any understandings of how the market work? Good luck with your trading, your going to need it.

>>21194812
It's not but who knows where is the top and where isnthe correction. It could correct tomorrow to 5 or it could correct in two weeks from 50 to 30 for all we know

>>21197652
For the simplicity, lets assume history will repeat itself exactly.

Link retrace 50%, then make the exact same gains, 8x, $35.

Is whats left of your argument really that you don't want that 8x because 50% trace back is way to rough on your weak hands? Seriously, is this the very first coin you analyze? I don't think no one in the world would pass that trade. The exchanges are even so gentle to your weak hands they allow functions like stop loss and so forth just so you can feel safe. How is that something your to ignorant/afraid to pass? Absolute free money, do you really hate money that much?

>>21197954
Point is the same its been since OP. This pump is unsustainable. Expect retrace to below $10. Why is this so hard for you?

>>21197620

yes but channel before parabolic expansion to mid $4ish was from around .45, so around an 8 or 9x. We broke out from 3.80 roughly so 14 seems pretty low before the next correction imo. More like 25-28 wouldn't be surprising maybe even potentially 32

>>21195977
Digits

>>21198119

so a 10bn market cap in the next days ?
is this unironically or are you memeing?

>>21195654
$7 is done and dusted, m8. Best you'll catch for a bottom is $11ish.

>>21194812
>stinkies think this is sustainable
yes
>pic related

>>21194812
bitcoin in 2011

>>21198214

If I remember correctly the time frame for LINK to go almost 8x in the previous accumulation channel to parabolic peak was something like 49 or 69 days I don't remember I'd have to look again. I meant to say 4.80 not 3.80 as well. We were stuck in a channel between those 2 numbers for quite sometime barring the black swan of Corona.

There was a lot of pain leading up to that parabolic peak though sometimes almost 40% drops before the next leg up. From what I can tell on the chart we left the accumulation zone real late June early July so based on prior expansion we either have about 2-3 more weeks of pumps left or like 5-6.

>>21198308

Cant wait for Sergei to drop the other 650 million tokens overnight just for them to get scooped up by industrial investors.

1000 EOY Faggots. Hold

>>21196095
We're in the dip RIGHT NOW

>>21195869
There's a big difference between a x10 on the 100th biggest coin and a x10 on the 6th biggest. The money has to come from somewhere and right now it isn't there. Anyone buying link right now is stupid, and stupid money eventually runs out.

>>21198677
they're already running out of OTC link tokens to sell
it's glorious

>>21196098

Felt it was worth making. I knew the autists on here would appreciate it.

>>21194851
You might be right
This did come out of nowhere
https://www.coindesk.com/links-trading-volume-on-coinbase-surpasses-that-of-bitcoin

You know everyone's newfags when they value in $ not satoshis

>>21198853

You just win

>>21198465
link never even fell that far from its ATH previously from last bull run

>>21198982
And when it's newfags buying crypto you KNOW shits about to take off

>>21198984

>Someone saved my crappy gif

Im touched, you can have something from the abstract paintings folder fren.

>>21194812
zoom out nigga

>>21198047
Whats your point? Retraces happens? Is that literally your argument?

> I wont buy link no matter how high it goes because it might retrace in the middle of all that! I ain't having none of that.

Enjoy the market without a single retrace.

It's going up even more.