/biz/ - Business & Finance

>>22717341
I aint buying shit, as you said im mega priced out. Link is never even going to $100 lmao why would I risk for a MAYBE 10x

>mfw i sold at $19-$20
>mfw it had the same pattern of all the other shitcoins
>mfw it will keep dumping with small recoveries from time to time
>mfw bagholders will hold till -99%

>>22717428
stay poor pajeet

>>22717428
"Heh.. s-stupid linkers.."

Let's be real, link is going to go parabolic but not before sirgay and his team gets rid out of as many people as possible. They dont want normies holding LINK and I'm sure they didnt want 4chan autist to shill this since it was cents. Just check any exchange, its manipulated as fuck and the 500k dumps won't stop. This will continue dumping but its going to be free money on the long run, even if its just a x3 or x4.

>>22717466
>>22717477
i could rebuy my 10k for less then half of what i sold it for lmao
and yet i wont, because it's was just a bubble
you will be just like all the retards who didn't sold btc at 19k

>>22717528

You will be like every retard that sold his ETH at $12

>>22717654
link isn't eth, it's an erc20 token

>>22717341
Lmao,nobody wil b priced out soon when this pos just keeps dumping

>>22717668
>fudding link in 2020
just go back newfag. u had 3 years

>>22717690
>holding eth at 1,4k
>never selling
good luck fren, i have been there

Genuine question to any oldfags who rode eth in 2017, did you swing at all? I've seen people brag about how obvious this recent pump was for link and that a correction had to be coming, but how do you determine that (and don't give me bullshit answers like Portnoy or twitter psyops posing as moonshine boys)?
Example, eth went from 10 dollars to about 350 before its first correction. What did it correct to? 160. You could have looked at it at 80 dollars, said this is ridiculous, gotten out, and BEST case scenario, you could get back in with half your stack at 160, if you timed it perfectly.
This is why I'm sticking with the hold brainlet strategy, anyone that held large stacks of eth or btc for years is already fucking rich, if you think you picked a winner just ride it out.

>>22717827
i always swinged eth with around 50% of my stack it worked out very well untill 2018
i wish i sold everything then but i unironically though that there was a chance for eth to follow the same patter of bitcoin

>>22718032
What was the indicator for you that 20 had to be the top for link, and why didn't you get wrecked with eth in the initial pump?
Also if your eth swinging worked out well until 2018, and it was 50% of your stack, you should have been fine, cause worst case you cashed out 50% near the top which is better than most people did.

>>22717827

Sure if you time the tops and bottoms perfectly then you could make significantly more money faster. The problem is most people will fuck that process up. The only fool proof method to not fail is by not selling in a short time frame and only accumulate with the intent of holding 3-7 years.

Imagine buying BTC or ETH when it was under .50. If you missed the top on ETH you might be a little salty but in reality you would be still sitting on nearly a 700x in regards to BTC its beyond ridiculous. It sounds gay but time in the market>timing the market if you have successfully found an obvious long term winner. Don't get me wrong its worth the time studying to try and learn how to identify local tops and bottoms but in crypto things are blatantly manipulated and one wrong swing can ruin several successful ones.

>>22718422
Checked and that's been my thought process as well. I've seen people brag about selling the top of the recent link pump but nobody talks about how they sold when it pumped to 6 and never got back in, yet surely some had to do that. Probably a decent amount of those are the same people desperately spamming the board with fud now, because they fucked up and want to get back in at a good price.
I guess if you haven't actually researched link obsessively I could see someone preferring to dip in and out to try to make quick gains, but I'm comfy waiting my 3 to 7 years. I got in late (2019) so I'll see where we're at in 2022, maybe cash out a small percentage, and continue to hold a position (possibly rebuy if I time a swing perfectly).

>>22718158
>What was the indicator for you that 20 had to be the top for link
Well, we all know that all altcoins are influenced by btc movements, and since btc has almost always dumped in september i knew that we must be near the top
>why didn't you get wrecked with eth in the initial pump
because i sold in summer and bought back in autumn, both in 2016 and 2017
> you should have been fine
no because my original stack in late 2015 was small since i was underage and had to ask my dad to buy it and he didn't wanted to put thousands of dollars on "internet funny money"
in the end i earned enough to buy a house but not enough to be free from wagecukcing the rest of my life

>>22718422
>It sounds gay but time in the market>timing the market
that is true for btc and kinda for eth if you went in early on, but a very dangerous idea for most of the other altcoins and i think link is one of them

>>22718514

Based that is an excellent plan given what we know about the future outlook for LINK. If you have a lot going on in your life( career, family, hobbies, and just a vast of array of responsibilities in general) its the best plan that requires the least time investment and will still reward you handsomely

>>22718557
>>22718687
Sorry to hear that bro but it sounds like it still ended up amazingly well for you. I think you're underestimating link, maybe the fud has gotten to you, but your intuition's gotten you this far so you'll figure it out.

>>22717827
>ETH went from 10 - 350 before first correction
wrong, zoom in. ETH had plenty of drops on the way to glory, nothing goes up in a straight line. pic related.

>>22717528
the problem with these guys is that swinging works until it doesn't.

Just ask to the people who sold at 5$ and 10$

The mongoloids who sold at 5 are still seething

>>22718687
>but a very dangerous idea for most of the other altcoins and i think link is one of them

Then you haven't done the proper research. Chainlink is the next natural progression for blockchain and to succeed on an institutional level. Distributed ledgers and smart contracts can't complete over 80% of their use cases without decentralized oracle networks and LINK has solidified themselves as the premiere option. There is virtually no competition that is even close to them in every facet of the technology.

>>22718851
Fair point but it still doesn't answer how someone times their swings perfectly. Other poster did clarify he only traded long positions which makes sense, although swinging ETH from summer 2017 to fall still seems like a risky proposition when looking at the chart, if you sold during the June pump 50/50 chance you wouldn't have even been able to get back in with gains in the fall.

>>22718851

42 to 35 is not nearly as drastic and much different than 350 to 160. Perhaps he meant serious correction

>>22718988
Didn't eth go from $20 to $6 at one point?

>>22718971
i agree. if you swing you might as well just cash out and go to the casino.
>>22718988
good point, does the DAO hack count? went from $20 to $6.

At this point in time, who knows if link is bottoming before another run or if it's dumping down to nothing. At any rate, crypto aside, the best fiscal decision you can make is to EVER hold an debt whatsoever. We can't have an evolved Ubuntu society until debtors give up their irrational FOMO and greed.
https://youtu.be/kZLLsZVxypI

>>22718988
>>22719040

>>22719040
>>22719121

Now that is a drastic correction. I'll have to look at the charts and see how much noise there was in between its first rise to triple digits lets say. I want to know if it did a 10x or even a 5x at any point without a 50% correction on the way up

>>22717827
In 2016 ETH went from $1 in January to $20 in July and then it corrected down to $7. It wasn't until March 2017 that it broke out and went crazy. If you look at Bitcoins big bull runs they come in 4 year cycles. Link in 2020 is doing exactly what ETH did in 2016.

>>22719084

And I guess it counts if the price fell the price fell. I guess you could argue had it not happened the correction might not have been as severe or not happened at all but it did, its just not something someone could have predicted and successfully swung as a result is all.

>>22717428
holy based

>>22719385

>>22719322
Checked two little ducks in a row, based and correctpilled.

>>22719121
2016 ETH is very similar to 2020 Link. Taking into account BTC bull runs happened in 2013 and 2017 (4yr gap) let's hope Link has a 2021 similar to ETH's 2017.

>>22719427
lmao

>>22718909
I don't think Btc pumped because it had such and amazing and useful tech, the initial discovery was due to criminals using it as a currency and then normies pumping up the price based on the speculation that it would eventually become a global currency.
For most normies eth was just btc 2.0, most of them even on an institutional level didn't give a shit about it's tech.
So my issue is that even if link has some useful tech it doesn't matter, untill either crypto finally gets adopted on an institutional level which still seems very far away or may even not happen since institutions don't seem to care much about decentralization and both btc and eth can't scale for now anyway. The problem is the i don't think there will be enough normalffag hype to pump it more than what we already reached.

>>22719610
not sure how old you are, but do you remember what happened with precious metals from 2000 to 2013 and why it started to crab around after that. There could be a correlation to btc

>>22719610
The tokenomics for link do not require normalfag money. It could still fail spectacularly but link is not trying to be a currency.

>>22719561

>>22719830
is that BTC or LINK? never understood this larp even when it was OP'd.

>>22717406
Extremely funny if true

>>22717341
>> Nolinkers are still priced out

everyone is priced out, no one is buying bags. Coin is price moving purely through filling lower and lower price low vol buys.

>>22717654
>You will be like every retard that sold his ETH at $12

In the money, no more stress of holding high volatility assets that may or may not dump instantly to zero? sounds like a win to me.

>>22719610
>I don't think Btc pumped because it had such and amazing and useful tech

It was simply the first iteration.

Immutable and decentralized peer to peer exchange of value and no 3rd parties. That has value in and of itself. The supply is low and the parabolic pumps each correlate to reduced sell pressure from miners after the halvings, it just takes more time after each one.

Then ETH was the chosen public decentralized layer 1 smart contract platform. The next progression as I said is a decentralized oracle network. LINK solves that issues. Also LINK + Arbitrum solve the scaling issues and we don't need normalfag money its just icing on the cake from institutional investment that is clearly on board. Baseline is just one example of many.

>>22719830
>>22719903

>>22717341
Let’s just stop talking about chainlink bros. This board is 95% reddit normies now they don’t have any money anyway. Btw can anyone link me to a good chainlink discord? 25k marine holding since september 2017 help an oldfag out.

>>22719988

Some people experience more stress from missing out than they do from losses.

>>22719695
i was born in 2000 and i was never interested in precious metals
anyway i think you shouldn't compare crypto with them, because pm's have a way longer history and have also a utility value as jewelry.
Crypto is on the other hand 100% speculative and for now with almost zero user case (well maybe monero is useful if you want to trasnfer money without being traced but it's only a thing that criminals care about) beyond using it to buy other speculative assets on a decentralized market.

I'm averaged in at $0.60 i am literally not selling until $1000 and that's final.

>>22720084
>Some people experience more stress from missing out

And those people are literally retarded. You aren't retarded, are you? Only a literal retard is blinded by hindsight when looking back at a decision.

>>22720024
>from institutional investment that is clearly on board
Name one real world institution that cares about decentralization.

>>22720049
how can something be ironically achievable?

>>22720024
>The next progression as I said is a decentralized oracle network. LINK solves that issues.

these points are speculation, at best. ETH had real world use and users out of the gate which correlated with its value. LINK has had 3 years and nothing to show other than some convoluted wash trading and paid-for centralized "node" network that just puts coingecko and coinmarketcap data onto eth. It's basically vaporware. You're emotionally blinded and using coping hindsight to assume this coin is going to ETH.

>>22720172
contingent on subjective evalution of a speculative narrative

>>22719793
the only thing that pumped the price of my link bags from 2018 was massive hords of normal fags thinking that it would eventually have institutional application, just like when normies initially though that btc would become an institutional global currency

>>22720232
how can a subjective interpretation be ironic and genuine?? Can you give me an example outside of how it is used in this situation.

>>22720172
when you're dumb enough to assume HTTPS traffic could be rent captured through some meme monetizing middleware (note even TLS certs can be had for free in 2020 now lol). Only someone that retarded would use the word wrong.

>>22720240
If you think normies can pump a crypto billions of dollars in a bear market, you don’t understand what’s happening right now. Unironically DYOR.

>>22717341
not buying your coping bags. made 250k off uni in a couple weeks, get fucked link holder.

Sirgay more like STINGRAY

>>22720199
>ETH
>real world use
pick one.

>>22720172

Most people don't believe its even remotely possible

>>22720142
>>22720199

Decentralization allows anyone in the network to share the risk of trust. Trust underpins the facilitation of everything in the business world and LINK has reduced risk of untrustworthy parties and monetized/given profit motive to being trustworthy.

Sure everything in crypto is speculation and right now LINK has clearly the best future potential. I'm not emotionally blinded its literally the opposite. If you have been following the project since 2017 you'd understand its the necessary path forward. Idk how people still don't understand this by now. LINK is the reason there is 10 Billion TVL in DEFI. That is real money people are profiting from.

>>22717341
Based

>>22720284
it's not ironic and genuine, it's ironic or genuine. which one it is depends on the subject. you're either gmi or ngmi. never underestimate the power of positive thought, etc.

>>22720093
>I think I shouldn't compare crypto with them
>pm's have a way longer history
Just go and have a look at a gold price chart. You are young and therefor idealistic, it is okay. But don't get poor over it

>>22720356
literally every coin, including LINK depends on the ETH blockchain. If you're going to claim ETH isn't real world, then the only useful application of blockchains is basically hyperledger, private no tokenomic bullshit blockchains which are performantly worse than most RDBMS's. I tend to agree blockchain is overhype bullshit, but who knows. billions don't flood in for nothing and I'm cautiously watching. I think there is a lot to be said for public and independent ledgers and attaching executable code to events on said ledger.

>>22720416
SmartCon literally imparts everything from node trust to even the operating expenses of nodes in its hands. It is not decentralized and likely never will be since the problems they seek to solve are literally undecidable (from a computation perspective). You need to learn how computers work before coming here and making such blatantly false claims. LINK works because everything stays on chain and off-chain data is at the mercy and trust of the services leveraged and the consenting parties. it provably works and is a solved problem. Chainlink cannot make this any better and at best will only make it more expensive.

>>22720621
>LINK works because everything stays on chain

ETH works. My bad.

>>22720621
>you need to learn how computers work
the arrogancy is strong in this young pajeet.

>>22720641
Woah you wrote a lot I didnt read it but my guess is you are priced out and mad still holding xrp and nano bags

>>22720312
name the real world institutions that pumped it, outside of the crypto world

>>22717827
I didn’t I just kept buying more whenever it dipped but I also couldn’t read a chart back then. If you just learn the basics like RSI, moving averages, and volume you can gain an advantage. In pic related you can see LINK was way overbought in August because RSI (purple line) was well above 70. It’s not fool proof but in most cases that means you’re going downsies. Now it’s at 30 which means it’s oversold. Last time RSI got this low was during that flash crash in March when LINK went under $2.

>>22720452
So it pumped and you think it did due to the 2007-2008 market crash?
And you think that normalfags will use crypto in the same way as gold even though crypto moves with the markets now?

>>22720959
>If you just learn the basics like RSI, moving averages, and volume you can gain an advantage. In pic related you can see LINK was way overbought in August because RSI (purple line) was well above 70. It’s not fool proof but in most cases that means you’re going downsies. Now it’s at 30 which means it’s oversold. Last time RSI got this low was during that flash crash in March when LINK went under $2.
Looks to me like you're saying now is a good time to enter.

>>22720896
>Institutions
No institution present. Just big new arrogant money and old money playing them like they played the gold bugs and new techies

>>22721003
no. Here is crumb

>>22721011
Nice get, I agree

>>22717778
I'm so glad i missed the eth train. If i hadn't, I'd probably think LINK was on the same path. Luckily, i don't have that overbearing negative emotional baggage that disallows me from seeing chainlink for the potential it has. L1 tech was always a race to the bottom. L2 is where the monopoly lies, and who else is even in the same league as LINK when it comes to being an L2 standard?

>>22721011

Absolutely. Now is the time to start re-entering.

>>22720093
What's your net worth fellow 2000 zoomer? I'm at $175k(95% in LINK). Wish I had discovered Ethereum when I was 15, but oh well.

>>22721255
Zoomer with 5K to throw into a highly speculative asset. You followed the memes and did what others told you to do, did you? Don't make an habit out of it

You told me to buy the dip at $18 motherfucker
This shit is going to $0

>>22721011
It’s a good time to start slowly averaging in. We could definitely get one last dump to low $8s or even high $7s but we are near the bottom.

>>22720959
Looks like the bottom is in, then. Gonna accumulate more today, I’m betting $25 in 2 weeks.

>>22720621
That made 0 sense.

>>22721255
>net worth
800k all in crypto, could've already made it if i swinged better both btc and eth
>inb4 you already made it why are you here
That's not enough to make it for the rest of your life in first world countries

>>22721364
>zoomer with 5k
Advice discarded

>>22719427
breddy gud

>>22721781
I'm talking about you brainlet. You probably threw 5K into LINK at 20 cents because anons convinced you

>>22721255
Also, 175k at the current price is almost 20k linkies which even if you bough at $0.2 would be 4k, are you from a rich family who doesn't give a shit about their kid putting thousands on internet money or did you started working at 16?

>>22721781
I think he is talking about you, and the amount of money you started with

>>22720436
What's GMI? I feel like I'm way behind here.

>>22721140
Nobody with a 3 digit IQ thinks january 2018 is the same as what’s happening now. That was an overall market bubble it wasn’t just ETH. If you look at the total crypto market cap as a whole we are just starting the next bull run now. So far all the money flowing into LINK has come from other cryptos and that was enough to get it to the top 10 where it belongs. Now over the next 18 months the total market cap begins to climb. Normie money hasn’t even started to flow in yet.

>>22719427
i r8 8/8

>>22717528
Screencapped this one. Thanks! You will be in a frame in my hall of humor.

>>22722023
>we are just starting the next bull run now
not now, if there is going to be a bull run it's going to start spring-summer 2021 by then link could be around $1 if not actually less
>That was an overall market bubble it wasn’t just ETH
and this summer after the march dump we had the bubble produced by normies hyping the halvening and defy, many shitcoins had big pumps since march and they will slowly bleed out from now on

>>22721907
Gay man inside (you)

>>22721850
Are you implying I didn't "deserve" it? What are you trying to say? State your own net worth before giving advice since I've heard so many 30yo poorfags here on biz talking big talk without backing it up.

>>22721873
I did some shady shit like reselling tickets when I was 17. Got about $4k with that. Then 2017 October I put about $2k into IOTA, then other various shitcoins in December/January. After the crash I realised it was mostly scams so I researched Chainlink a lot(stumbled onto biz in 2018 January) and started buying LINK. By 2018 July I was all in LINK. I could have played it all a lot better, but I'd say I did good enough.

I have to say I don't share the same sentiment as you do when it comes to Chainlink. ETH at $1.4k was like $120bn. LINK is currently at $3bn. LINK hasn't even been exposed to that normie mania hype. Like another anon said, the next step in smartcontracts is smartcontracts powered by decentralised oracles. The only project "seriously" doing decentralised oracles is Chainlink. I'm not sure if you think smartcontracts in general aren't going to be a thing or just Chainlink isn't going to be the standard oracle used. Also the biggest reason on why I'm bullish on Chainlink is because of its team. I'm willing to take the bet and if I somehow lose it all then so be it. I guess time will tell.

>>22722306
A few thousand neets and indians moving their rupees around from one scam to the next is not a bubble. Yes those coins are going to zero but they are irrelevant and always were. BTC ETH and LINK will continue to steadily climb over the next 18 months. There will be plenty of corrections like we’re in now and “people” like you will sell but the long term trend remains up.

>>22717341
there is no hope left at this point, only cope

why are there so many people talking link down lol are you mad?

>>22722391
>implying implications
yes, this has literally become reddit/pol/2.0

i just sold all 200 link that I had. I bought at around $10 before it went up to 19 I kept holding I thought about selling at $11 but now ive just lost all hope. I cant lose all this. it's going to keep going down. i just know

>>22722493
>A few thousand neets and indians moving their rupees around from one scam to the next is not a bubble
That's basically 90% of crypto for you.
> BTC ETH and LINK will continue to steadily climb over the next 18 months.
Btc maybe, eth and link are unlikely.

>>22722811
>i just sold all 200 link that I had
now this is a low iq idea anon, there is going to be still a small recovery in a couple of weeks you could have sold without losing anything indeed making a small gain

>>22722811
Thanks for your sacrifice anon, now that you’ve sold we can go to $25!

>>22717827
i bought at 2$ and sold at 6$ . Easiest 1500$ of my life.
never looked back

>>22722811
lmao

>>22722391
Based zoomer, 7k stacklet here but happy with my gains even though I'm 27. Swang a bit away and also sold some for a house. Hold on to those linkies I used to have 20k like you but they can easily be shaken from your grasp.

>>22723214
>lmao
>frog post
larper detected, how far are you with your transition

>>22723249
lmao seethe more boomer
yikes

Buy CLF

Buy real stocks

>>22723039

>>22723289
>yikes
>implying more implications
who do you try to convince raddit?

>>22717341
OK biz so if I take my portfolio and go

50% in linkdown
50% in linkup

I'm guaranteed to make money right? The only scenario where I don't win is if link crabs for the next few years, which is never going to happen

>>22720489
>Its real world when no one in the real world uses it.

All of crypto went from p2p money to speculation only. The tech, the roadmaps, the teams, and the memes are tactics to draw anyone in on each ponzi. Blockchain isnt so bad and may very well be the future of bookkeeping value, but its nowhere near as used and relied upon by the public.

>>22723379
>noooooooo not a redditor on my board noooooo
kek

>>22724090
So this is what I don't get, from everything I've read on here (and it's been a lot), the entire reason link is considered a good play is because its attempting to bridge that gap from speculative ponzi's to real world usecase. It's actually got very little hype outside of this shithole part of the internet, and even here, the hype is a mixed bag, with mentally ill holders that fud their own token with more fervor than paid employees.
That's why anytime someone suggests link is run on hype and can't succeed, I have to raise an eyebrow. DeFi (which link is helping power) is definitely hype, and probably going to end miserably but this is just the first major usecase for link as far as I'm aware.

>>22717428
People said the same thing with the cb pump to $5.
We'll crab for a while until staking and high dollar contracts get announced. Besides that, there's nothing that could generate enough hype as CL already has integrations with basically every product on the planet.

>>22722811
thank you for your service

>>22724259
you are how /pol/ went from being a board for fairly okay political discussion and a handful of stormniggers to the infested shithole it has been for the last 5 or 6 years. No point in telling you, but maybe in some years you look back and realize, you were the cancer all along

>>22722331
thats not good

>>22724834
yes I'm sure it's me and not the 50 threads about various "gems"

>>22717428
It would have been nice to swing this bubble, but I've learned over the course of 3 years that you never know what LINK is gonna do. That said, I sold a couple K

>>22719427
kek
still not selling my stack

I remember this board pre and post LINK, and it's pretty obvious why people are getting wrecked by LINK if you've hung around long enough. first indicator is thinking in terms of fiat and not sats you fucking newfags

OP is right about the long term hodling. I've had a small stackletthat I've slowly let bleed away over the last 3 years, and I regret letting that bleed happen, but that was always my plan to begin with, so it what it is now. currently this is the part of the stacklet that will never be sold because LINK is and always was a long term asset.

people have been literally been saying the same shit about this coin for the past 3 years, and it's not changing anything. to be fair I never expected this coin to get past $2, so yeah, I'll ride my 1k stack out at 4000% gains and see what happens.

>>22725966
>sats
>post 2018
swingy detected

>>22717528
I'm grateful I'm not thinking like you.

>>22719040
>>22719121
This is where link is at right now. In few months it will pump to $50 but until then its dump/crab.