/biz/ - Business & Finance

>>26095262
Staking, Supply of Chainlink is very low due to staking.
Price surges due to low supply and high demand for Chainlinks.

>>26095262
>>26095310
1k is unironically fud

>>26095262
simple it just needs to hit a 400.1B MC, with current supply, or roughly 3x eth current MC

if we do fully diluted MC it needs 1T
take care mathlet

chainlink is and will remain the backbone for a decentralized interconnected network of blockchains spanning the entire world and eventually the solar system. 81k is not a meme

Easy, someone with a lot of money buys up all the Chainlink on the open market driving the price past $1000. Like say if a big company wanted to set up an oracle and needed chainlink tokens to stake on it.

>>26095262
I have
>30 link
>20 avax
>2k xlm
>1 eth

Am I in the money?

>>26095310

Yes but I have seen the network traffic. Even if it doubles next year, the right price would be $100 assuming the number of transactions, volume staked and price.

For $1000 to be reached it would need like Bitcoin to push the market by reaching $500k , chainlink to be highly used and still have big dominance. I doubt it will happen in the next 2 cycles.

Chainlink will be providing services for literally every market and create new markets until after we’re all dead. Like, it’s not going to 1k tomorrow.

>>26095310
>this post
The cope

https://twitter.com/novogratz/status/1350642961789415425?s=20

We need 99.9% of the tokens to be sent to a burn address, leaving a small handful of tokens to divide the ~$10k of global demand for oracles

>>26095403
No, not at all

>>26095459
How do I become in the money?

>>26095262
time and money

$1k will just be the cause for some memes and celebration on /biz/, but it will rocket straight past.

>>26095532

>>26095549

>>26095579
So eth?

>>26095407
You underestimate crypto in general
I think in this bubble year we top out at $250-400, but by next cycle at least link will be $1000

>>26095579
>g4y qutee ID

>>26095407
Yeah, it might actually take ~5 years. Just be patient.

>>26095262
https://www.youtube.com/watch?v=Rc51KZIOQlQ

watch this video. He's a bit shilly at times but this is a good one. Basically, Chainlink has no competitors in the oracle space. As crypto/defi grows and demand for oracles grows (which it CLEARLY is), chainlink will only continue to explode. chainlink is also hiring like MAD, and Sergey doesnt strike me as the type of faggot to get a big company just to wave his dick around. real shit is going down.

1k is fud in longrun

>>26095407
Fucking kek a little knowledge is a dangerous things. I love the newfags who try to "run the numbers" on this shit.

>>26095370
this unironically

>>26095262
you see eth is 1k right? the point of eth was to be a stable currency that could use smart contracts. link could go to 5k

by splitting your stack into GRT (reverse LINK)

Is there a reason to hold both AVAX and LINK? They can work symbiotically right?

>>26095619
>A key data source for FX is the currency exchange rate that is generally specified by the parties to the FX transaction in the confirmation
how are you getting the exchange rates and how are you collateralizing a smart derivatives contract using only eth?

Institutional adoption.

The larger the transaction, the more collateral required, the higher valuation of LINK.

Will the price correct to $15-17 or is $20 new low? I want to get into link with $200 my dad gave to invest for him but i feel locked out rn

>>26095759
Imagine being this dumb

>>26095650

>>26095810
im praying for another dump to finish buying in

>>26095821
I don't give a shit about the tech. I just want money

>>26095854
I officially have 4.5 links am i gmi lol

If it hits $17 im putting $400 in fuck it ill march my dad’s $200

Really hope u fuckers dont sell at $50 and leave us bag holding for 5 years

>>26095262
>>/biz/thread/S18041828#p18044165

>>26095650
kek

Yeah replace link with avax and you'll have your $1000 coin.

>>26095895
I don’t know either Anon

>>26096180
How do u buy avax in the usa? And where to send it to/dont wanna keep in an exchange?

>>26095650
jej

>>26095310
How does the demand for Chainlinks increase?

>>26096053
>>>/biz/thread/S18041828#p18044165

so much based that i had a flashback

>>26095310
i thought the dude hasnt implemented staking yet

>>26095262
Anything is possible, but the most likely scenario is LINK will slowly bleed back to $2

>>26095407
Somebody post the iq link chart

>>26096804

>>26096713
I hope so. I need more

Long hold fag here. Should I bother with Link of I'm not into flipping shit coins? Currently just throwing money at btc and waiting.

Any thoughts on PNK?

>>26095407
No you're retarded and don't take into account bitcoin dominance.

At 500K BTC coupled with Alt season like we got in jan 2018 and LINK would only require to be in the top 15 in order to reach 1000$.

Top 3 in that scenario and we'll be at 6K$

>>26097218
>6K$

*10K

Unlikely because BTC won't go to 500K and dominance at 34-37% ever again is questionable.

>>26095403
No, ur very cute tho.

>>26095407
You are literally stuck in IQ hell. You will forever be a midwit and You will sell too early. To overcome this you need to realize the full potential of LINK and learn to NEVER SELL TOO EARLY or you will regret it for the rest of your life.

I genuinely want to go buy a gun and shoot myself. I was going go all in on link when it was $13. All $10k of my money. Now it's over $20 and it's continuing to pump. I was really going to fucking do it and I joined a crypto discord server and I had at least 5 fucking people talk me out of doing it. Why do I use this fucking platform again?

>>26097583
Do it now. You'll be happy you did within months.

>>26097583
I'd buy a beer to every single individual who talked you out of it. save your 10k to buy a gun 5 years from now

>>26097721
Of course I mean buy LINK. Don't shoot yourself over this.

>>26097583
>go all in at $13
>$13

If it makes you feel better most of us bought in at around 50cents - $1

>>26097966
It's more about me being able to make a lump sum. I could've made like $7k by doing nothing. Just having the fucking willpower to buy a cryptocurrency. FOMO is real.

>>26095262
KLAUS SCHWAB CAN

>>26095472
Dump the shitcoin xlm for one. Put eth into dot or GRT.

>>26098080
there always ways to make money brah i doubled my stack last week on fucking gamestop

>>26095407
You're looking at PURELY fundamental value. Which, I agree, Chainlink has barely ANY speculative value right now. But here's the thing:

1) If LINK sees full scale adoption, it'll be moving quadrillions of dollars and need to match that collateral. So do the token math there. Granted this is like a decade or two out but feasible.

2) Most tokens will be locked up in staking once that exists

3) When the crypto market matures further, namely via institutional investing (which is still SUPER low), LINK will get a ton of smart money coming in. Most retail are too low IQ to understand it. Once institutional money floods in, it'll get a lot more notice and retail will follow. My point being, we still haven't seen a highly speculative price, but it's going to happen. Tech stocks are forward valued from like 30x up to 1000x or more. If LINK gets a speculative value of JUST 10x and it needs $100 due to network adoption, you're already at $1,000.

$1,000 is fud. LINK will be $1,000 within 2 years, it'll be tens of thousands per LINK in 5-10.

>>26096400
TELL ME HOW TO USE SIGNATA PROPERLY FUCKER

>>26097545
>IQ hell
kek. I spoonfed him.

>>26097583
It's fully possible we see $13 LINK again. Put some money aside for that if you want to gamble. Put some money in now. Or if you don't want to gamble, just go all in right now. $20 is going to be seen as cheap in a year, and in 5 years people will look at you as some hyper early adopter. Don't let twitternormies scare you off. They all just have like $100 in and sell when it goes up to $110.

At $250 (assuming current supply of 400m), LINK's market cap will be ~$100b. Last bullrun ETH went to 150b marketcap.
That's how.

>>26095650
Rofl

I have like 41K in pure Eth
Should I reshuffle and put 60/20/20 in eth/link/dot or where is the best upside right now?
I want to make it to 6 figure hell

concentrated meme energy

>>26096048
Never fucking selling

>>26098427
Memes assemble.
We have lost the LINK marine energy here so fast after a huge pump.
Get back to the memes boys lets hit $25.

1k is now fud. the general consensus now is that it may reach $81k

>>26097583
>thinking it wont reach $13 again
link will be under $10 whenever the brrr machine finally fails, maybe at the end of this year. but you're really not looking at the big picture anyway. when link is over $1000 who cares if you bought in at $5, $10, $15, or $20

>>26095407
Klaus Schwab himself said he predicts the crypto market will be worth 10 trillion by 2025. Are you implying the network traffic will barely double in 5 years? This kind of technology spreads EXPONENTIALLY not linearly

>>26095403
No but you’re closer than me

>>26098417
Put 25-30K into LINK.

>>26095650
kek

>>26098739
This is what I believe will happen.

>>26098666
Hail Satan
We in this

>>26095407
>the right price would be $100
>mfw 20k stacklet

>tfw poorfag that has only 10 link
I buy more but I'm scared

>>26097583
they talked you out of buying $13 LINK, or talked you out of shooting yourself?

>>26098278
Get a yubikey
Download the signata app
Add your yubikey
Add BTC and ETH addresses
Transfer coins from exchanges to them

It doesn't do ERC-20 directly, like sending link, but you can just export the private key and load it into metamask to do that kind of trading

>>26095262
derivatives market

>>26099522
digits of belief

>>26099522
>>26100022
c-checked!

>>26098269
>5-10 YEARS BEFORE MY REAL LIFE CAN BEGIN
100 LINKLET

>>26098670
boom and bust cycles lasts longer than 1 year and this being the final one, the system will clutch on for dear life. Get ready for unimaginable highs, the halving tops are unironically fud in this scenario.

>>26100000

If bitcoin dumps will link also dump?

>>26095403
No. Stop being poor.

>>26095338
This is pretty based. But yeah 100% op

i don't want chainlink to reach 1000. i like pump and dump. hodling is gay

technical analysis on trading view said super buy like a couple of hours ago

what a scam that is. i am glad i don't go by only that

it's still saying super buy when it's about to dump
lol
it's either gonna dump tomorrow night or the night after tomorrow

How much eoy 2021? Can I make it yet?

>>26095407
this anon says $100 is a guarantee. when the fuck did that happen? everyone was saying it was mathematically impossible for LINK to be valued above $5 like a year ago.

Most people don’t understand how the technology works. They think Chainlink will be this magic portal that connects the traditional finance world to the blockchain and every transaction will pay link node operators. It’s assumed that LINK is the middleman for everything and will take fees for every tx, thus node operators become insanely rich. That’s not how it works though.. link isn’t even a bridge. It’s just the entrance to a bridge that connects 2 worlds. Sure you can put a toll booth but then people will use other routes.

Tolls pay for the bridge/highways... Not the toll booth lol

Link can’t bridge anything. People meme’d everybody into believe oracles are similar to interoperability somehow and will have all these use cases. They will just fetch price data mostly.. Oracles are not the settlement layer for payments/smart contracts. Or anything really. Once I realized that I jumped off the LINK train. It’s not like KSM/DOT with interoperability and can settle transactions. Oracles will supply the bridge chains with data to feed into the settlement layers. Nobody is paying for that data though lol they’ll just run the nodes themselves with or without link. Only thing holding the price up is this belief that Chainlink with act as the bridge —

>>26101084
The memes are fractal, anon. There's no roof or floor to them. In 3 years Uncle Oldfag is still gonna be posting that gay credit card and tut-tutting anons for not bailing on LINK as it retraces $16,000 back down to $13,000

>>26095262
well i think eventually bitcoin will calm down to like 10k but before then during the mania up to 100k chainlink can hit 1000. i dont think u should hold then though

All those fags thinking of link in $...
Still that fucking $...
So tedious.

It's all speculation. The current price does not reflect the actual value of the token.

>>26095407
I mean if the USD collapses. But then a Happy Meal costs $200.
Could happen.

>>26101196
That fag burned himself on both his internet personas when he was backed into a corner and went for the 'my trip was hacked' copout
What a loser faggot

>>26095810
Just start DCAing. Do you have a job anon? Don't answer this, but even if your 16 get a job. If you still live with your parents, tell your dad you want to invest. Show him what you have learned. I'm sure he'll understand.

Polkadot has a higher chance of hitting $1000 since it has a much broader use case.

>>26095262
>It's not.

>>26095262
>realistically
look at xrp peak

>>26096494
Demand increases due to the fact that you receive a % return from your staked link. Let's say for all my staked link I receive a 5% return per year. Then it would be in my best interest to increase my link stack, thus increasing the cash value of my 5% return. This creates an economy where link is in demand because the more link an investor has, the greater his return. Given a finite amount of link, and that owning link allows you earn a passive income, demand is huge, thus skyrocketing price.

>>26097184
Its a total shitcoin just stay away from it.

>>26101193
>people will use other routes.
>> people will use other routes.

yes and we always see how that turns out.. they get rekt by a single point of failure due to not having proper oracle

>>26095407
also network traffic has been going parabolic.. it will not just double but go ^2

>>26098666
checked

>>26101193
This.
Notice linkschizos cannot address the facts of this post because they are self deluded

>>26101193
>>26102107
link is middleware and you will never be real women.

>>26102107
Addressed repeatedly and marked as stale fud a long time ago.

>>26095262
look at this price matrix, it's old and outdated but you get the picture

how high do you think total crypto marketcap can go?

what will be chainlink's dominance once it hits massive adoption? even now with being used only by some fringe defi projects it's already at 0.6%

I think within 2-3 years those values could easily reach ~$5 trillion and and 7-8%.

>>26095262
If cryptos entire marketcap reaches a magnitude higher than what it is now (like how we went from 200bil to 1tril) up to say the market cap of gold, and then LINK becomes a top 3 coin (which IMO it should be) then you could see a 1k link maybe for a period of time.

There's no real knowing if that'll happen though. And no knowing if it'll happen this market cycle.

>>26097583
>trading decisions based on what other people tell you to do

You will lose any profit you make. You are NEVER going to make it.

>>26098269
>If LINK sees full scale adoption, it'll be moving quadrillions of dollars and need to match that collateral. So do the token math there
This is the key thing that most fail to understand. The price of the Chainlink token is a function of marketcap and vice versa. The marketcap is also the value of collateral available on the network (or will be when staking is live). Thus if the demands of collateral outstrip the mcap, token price must rise to meet it. This is where the crazy $81k price predictions come from, but they really aren’t that crazy.

What I find very interesting is that the current mcap of Chainlink is roughly equal to the value of the DeFi contracts being secured by Chainlink. So even without staking the “mcap=collateral” meme is already proving to be true.

>>26095262
>BTC: 250k
>ETH: 0.1 BTC (25k)
>LINK: 0.04 ETH (1k)

>>26095532
>>26095549
>>26095579
Thanks gay cutie I lost these

>>26098666
thanks satan!
I'm all in this

>>26095407
>For $1000 to be reached it would need like Bitcoin to push the market by reaching $500k
BTC barely moved in August, yet DEFI popped up. The new paradigm will confront BTC vs DEFI vs BTC killers. What would happen once invoice tokenization and insurance collaterals enter in DEFI?

>>26097583
Bro when I first bought LINK at like .20 cents I was getting ridiculed by faggots on discord.

They're all out of crypto now after losing all of their money

>>26095793
>The smart contract creator doesn't risk losing money, the node operators do
Actually is even more brilliant, since "trustless staking" is actually node operators borrowing uncollateralized LINK. The risk is then distributed by every staker.

>>26097583
>he needs others to tell him what to do
slave morality

>>26101193
>Sure you can put a toll booth but then people will use other routes
>people work for free: the post

>>26099772
Dont be scared, who cares if you bought now or at 30 cents, the difference won't matter once we're at $1000.

>>26097583
That's what you get for being a tranny.

>>26099772
poor fag here. every link count imo. i have a budget of 50€ a month to "accumulate".