/biz/ - Business & Finance

>>21361719
>Ancientfags
>2017
How new are you.

>>21361719
This feels like eth/btc back in 2017. I could be fucking wrong but the fundamentals of LINK are arguably better than either. I'm betting on it going parabolic but I'm a complete retard and have no experience. I'm just doing what pol and biz tell me to do.

Could always check the archives

But I have no idea. Were people throwing out price targets for ETH when it started its run? I'm seeing experienced traders continuing to stand infront of this train and getting run over with their TA. Shorts constantly getting stopped out.

>>21361719
I remember one ETHfag saying if felt like he was in a video game, where he had completed the game, but was still in the game walking around.

I was very close to having /made it/ but the rug got pulled out before I had a chance to do anything severely cool with that much money. I did take my family to Portugal though (from US).

>>21361719
this is not like 2017 peak
we only just started. look at the volume.

>>21361719
can someone please reply to this? i too would like to know, didn't know about ETH until $700.

>>21361937
Yup once link finishes mooning all there will be left is side quests

>>21362017
There's literally no way to know. This could be a massive pump and dump. But also, everything biz has said about link is coming true. Shorts ARE getting stopped out like >>21361882 said. In other words, stop being a pussy and make a decision one way or another. You could make money or lose it all, this is crypto not your dad's mutual fund.

>>21361719
>Eth oldfags, is this what it was like in 2016-2017
nope.

Im getting bag into crypto just now. gas prices of ethereum where barely hitting the cents and pennies , bitcoin was also doing better but that was because EVERYONE and their parents where buying videocards to mine.

>>21361719
Let me tell you what Nov 2017 was like in Slovenia:

You know how at the corner newspaper stand they sell those gossip magazines for middle-aged female plebs?
In every single one of them you could find an 'expert' giving advice on buying BTC because it'll go to >=50k.

Everyone was buying it. Everyone and their children and their grandmas.
So calm yourself, we are far from the peak.

>>21362139
nolinker here.

but the sidequests are literally the most fun of the games anyhow, the main quest is nice and all, but you haven't lived untill you went to the dark brotherhood, helped out the thieves guild and did a bunch of other shit before you kill a weak old dragon.

don't worry faggot, the whole world of skyrim is yours for the taking.

>>21361719
This BTW is why you TAKE PROFIT. Emotion will get you way tf REKT. You don’t have to sell ALL your linkies, just take out your initial and maybe triple, then no matter what, you have profit and still have your moonshot bag. But if LINK zeroes out, you will still have a made a winning trade.

It’s your suicide stack in reverse.

>>21361719

>>21362336
>This BTW is why you TAKE PROFIT.
Implying ive got any profit.

>>21361719
Kind of. There was an ETH pump from $10 to about $50 but then it corrected like 50%. It was during this time many shitcoins started mooning so likely money flowing from ETH into gabrage. Then it slowly started rising and then more exponentially and then we all know what happened in early 2018.
Just look at the price chart.

>>21362336
What do you move it into though? Im a retarded burger and Im scared of the tax man

>>21361719
when Ethereum was mooning we wuz kangs everyday. It went like this :
>moon for 2 days straight, sometimes skipping 1 or 2 dollars
>crab for 5 days
>moon for 2 days
>etc

>>21361719
>>21361719

I started buying eth at $40. Somehow I just knew it would go up. Not sure about link tho

>>21361719
yes

>>21362615
and shitcoins would moon during those crabs. it was a fun game to sell your ETH, buy some shitcoin, double your money, put it back in ETH before the next leg up. many friends were made along the way with the shill threads and pink wojaks

>>21361719
nope

>>21361719
Listen up newfags. The discourse is the fucking same since 2013. The coins change, the prices change, but the type of discourse is exactly the same. fags have been saying the same things and asking the same questions since the start of cryptocurrency.

Just fucking buckle in and enjoy the ride, you will not outsmart the market.

>>21362656
I remember seeing eth at 1-2-4-8 usd here. Bought in at 300 ish usd. Starting to look like link has the same run

>>21362700
ScayZona is a liar, it felt like the bubble would pop at any fucking moment. but just kept mooning. the reason so many people got burned was that by December the bullrun seemed unstoppable and people assumed it was

>>21362575
Don't trade your timecubes for their worthless pedophile paper. Whether its $10. $100, or $1000, you are going to regret selling when you realize link's true potential.

>>21361719
pretty much yes except LINK moves faster and more volatile. ETH used to pump for a few weeks, then pull back slightly for a few weeks, then start pumping again but you rarely got back to back +20% days or massive retracements.

>>21362575
buy bitcoin and some eth

>>21361965
this is most likely.

>>21362336
>take out your initial

No, I won’t. I and many others only put in a grand or two. There is literally no reason to take that amount of money out and miss out on future profits. Link is actually going to 1k. If I were to take profit right now and take out my initial investment I’d need to sell around 60 link. That’s 60 grand lost by following your shitty advice.

>>21363386
Fucking cult. Enjoy the kool aid.

>>21361719
ETH fucked off to $6 after hitting $21 or so before continuing its run.

>>21363906
Whatever helps you cope lmao.

>>21361719
Hi, yes I was there
The trouble with comparing to ETH is the timing.
Blockchains were newer and less known, yes
But also ETH was essentially born into a bull market, whereas link was technically born in a bull market, but almost immediately weathered a bear

I do recall however that in like January or February of 2017 ETH leapt from like ~$14 to $40 (someone correct me with better charts if you have them, I'm phoneposting currently)
We called that month after February 2017 the "March of Normies" because many battalions of newfags rolled into /biz/ during that month, and price action was never the same

But I just looked back into my old scant blockfolio screenshots, and by the looks of it $ETH was at $40 on April 7th, 2017 and then one month later by May 2nd or so, ETH was at ~$80


Buying link at these prices might well be like buying ETH in the $teens, but I personally am not buying these prices; it seems just a bit too bubbly to me
Why?
One factor doesn't match up, and that's Bitcoin's ATH
What we need to truly onboard the normies and their fomo is for Bitcoin to break above $20k
This will do what it did last time and all the other times, which is bring the normies in who heard of Bitcoin for the first time in 2017, maybe wanted to invest, saw the bubble, and then forgot about it
These people will jump in again (which was the case with me in 2017, with regard to 2013) and they will drive the price to ridiculous new heights since they have a new basis

Anyway these normies won't be here till BTC ushers in the bubble market, because even if they hear of how great link is doing, they haven't been preconditioned to see it as a longrun thing and will mark it off as a missed train

And without these normies, redditors, institutions, general public, you don't have anyone but the crypto community to support the price
My bet is we either crab in the teens for the next few months, or crash a bit if Bitcoin starts rallying, then once BTC breaks its ATH, we moon.

>>21364299
based

>>21362336
i did that with link in 2018 and i missed out on gains that would put me in the 6 figures, nobody listen to this boomer advice - set your targets and sell when you're there, much worse to sell early than ride it to 0

>>21364299
i'm betting we hit $80 before BTC ath. that puts us at around .005 sats in the 15k-20k BTC range. that puts us below ETH but above XRP in marketcap.

It has only just started, but yeah we are in the beginning of the bullrun. I just need another million from 2021 hopefully and then I’m out forever

>>21364299
>This will do what it did last time and all the other times, which is bring the normies in who heard of Bitcoin for the first time in 2017, maybe wanted to invest, saw the bubble, and then forgot about it
>These people will jump in again (which was the case with me in 2017, with regard to 2013) and they will drive the price to ridiculous new heights since they have a new basis

I think you are failing to realize the extent to which Chainlink is unlocking a blue ocean of untapped value with his work to bridge enterprise systems. They are still working with SWIFT. Staking is coming. Off chain transaction computation with zK rollups is a big deal imho.

This run will be different than the cycles we are used to. Off chain legacy data being unlocked by the link network and how quickly real world companies are picking up on becoming node operators... This is literally a paradigm shift

>>21365191
tell us more anon

>>21365191
>This is literally a paradigm shift
But how soon do you think this paradigm shift will take place? Let's be realistic, if link goes interstellar like eth did in 2017, it will be based purely on speculation. Smart contracts are not even close to coming to fruition...2025 at the earliest I would say.

>>21365981

>>21366022
this is the plea of someone who had three years

>>21362178
Hate to break it to you, as an oldfag, there was never this much euphoria with eth. When it hit 11 dollars there was a lot more like 'huh that's crazy, itll probably crash' it wasn't nearly as smug as link posting.

>>21362336
Retard advice. It’s all or nothing. Put as much money in as you can afford to lose and keep it there for better or worse. You may lose it all or you may make it to the moon. Either case is better than making enough to get a used Honda Civic while you hate yourself every day knowing you could have been a millionaire if you’d had the balls to take the risk.

>>21366167
There WAS this much euphoria and a smattering of ICO trash 24/7, wtf are you talking about

>>21363906
Obvious no-LINK cope. Enjoy holding your shitcoin bags. I’m looking forward to buying your foreclosed house with 0.001 LINK.

>>21366294
No, the euphoria for ETH came when it broke 100. There was no real euphoria at 10-40 USD. It was all arguing over whether it was justified. I've been in crypto since 2011 and /biz/ since 2013. I've seen it all kiddo.

>>21366498
You're full of shit because the euphoria just on biz from $15-40$ is what drove me to FOMO into eth, making buys around 40$, $60, up to $120. You're making a fool of yourself pretending to be familiar with what link really is, I don't care how old you are faggot plenty of us are boomers who found 4chan when we were teenagers.

>>21366610
You faggot retard here:
>>/biz/thread/S1107735
this thread has hundreds of replies, it was made the DAY eth broke 10 USD. What do you see? Do you see any smug pepes? Do you see any talk of yacht parties? Do you see people saying 100 dollars EOY!!! There are people saying you should buy but the intensity is muted, the discussion is more civil.
YOU are full of shit, there were ICO threads and threads for shit like WAVES and LISK but there wasn't this instagram tier shilling you get now with moonboys spamming memes.

>>21361719
>Ancientfags
Oh, young normie. I was talking to you about crypto in 2014. You ignored me.

>>21364299
This is actually true, altfags hate this fact but only when BTC hits ATH do things get exciting, why? Because it's a single, simple, immediately understandable moment that says to every normie 'if you bought bitcoin (aka crypto) at literally ANY point in time, you'd be in profit', normies always ALWAYS think in black and white. As long as there's people holding BTC bags every normie will be like 'chain..link huh? thats like crypto right? damn my uncle lost a ton on bitcoin...' but when BTC hits ATH they can't resort to that heuristic. It's a hard reset that triggers insane fomo.

>>21366748
YES YES YES /biz/ was so fucking different back then , everyone was scared their shit was going to be worthless.

trust me the current state of the board is very similar as end 2017. VERY FUCKING SIMILAR , we are gonna get some insane bull parties and we are crashing again after that.

>>21361719
Yes, it feels just like December 2016 to me. Things were finally picking up and looked like they were going on a run, but no one was quite ready to believe it yet (including me, who sold BTC when it pierced ATH to break even after holding since 2013)

>>21361719
Ancientfag here. Bought my Ethereum crystals back in April of 2017. And let me tell you, it was one wild ride. Straight up from 41 dollars to 420. Yes, LINK reminds me quite a bit of that run right now. Any cryto wrangler worth his weight in dog water hold LINK now.

>>21366987
The thing is only link is mooning, this is a very unique case.

>>21367257
Lots of things are mooning actually. PNK has mooned harder than LINK recently. What's strange is ETH and BTC still feel low, which means we might be early into a bull run.

>>21367257
>only link is mooning
Coins like XOR/BUIDL have done 300x lmao. Search it in your heart you know it to be true, THIS is euphoria you know it because euphoria feels so good you don't want to believe it. The great paradox is you know it's time to exit when you're most confident you shouldn't. This is why successful trading is so hard.

>>21367328
>ETH and BTC still feel low
That's the thing, the king and queen are crabbing while this is all happening, it's a very strange situation.

>>21362575
i flipped 1k link for dmg, it was also my initial, rest 12k is free link

>>21367351
>XOR/BUIDL have done 300x lmao
low mcap coins with very little liquidity doesn't really compare to something like link...right now according to messari chainlink's true volume is over a billion, 3rd in volume behind btc and eth.

>>21367193

I didnt invest but I closely watched the market in 2017. My take is the impending inflation is going to drive people to push their savings into crypto/metals/stocks, ANYTHING really.

The government is basically forcing us to spend, so we could absolutely see another pump on the same level. Just make sure you anons pull out at least 50% of your initial investment in case you get rug pulled. That way even if shit goes nuclear, you can recoup most, if not all your money.

>>21361848
Trust in us my child - For we have not lead you astray