/biz/ - Business & Finance

basically. next time don't grow irrationally attached to your investment. That's what Redditors do.

>>28071392
Who cares. Such a fucking normie token. Honestly, stfu

>>28071392
Bastard fucking coin either fucking crash or go up stop fucking dumping every minute you go up. Ahhhhhhhhh!!!!! Fucker!!!!!!!!

when there's no attention on a coin is the best time to buy retard

also it doubled in past month. pretty good returns

>>28071392
a lot of people on this board bought LINK at 25c. It is now $25. Shut the fuck up.

>>28071519
How is it fucking possible?!?!?! How???!!!

>>28071392
We'll see tomorrow. If sergey's talk is another complete time filler without any news or explanation about what they've been doing for 8 months I'll legitimately feel betrayed.

>>28071586
He speaks on the 16th, not tomorrow.

>>28071586
He’s taking tomorrow? Seems like same old slides coming fucking hate to at guy

>>28071469
yeah I am unironically not able to sell or buy anything else after 3 years of holding. meanwhile sergey sells 1m every week. I feel sick

>>28071643
16 holy shit another week of 24-25 crab maybe back to 23. Wish I could hit that bastard cz who is suppressing this shit o we the head

>>28071692
Agree why spratt anyone ever ask him about this. When will the dilution dumps end??

>>28071643
Gtfo with the 16th spam.

>>28071664
Yes, i have a suspicion it's nothing. The talk yesterday was embarrassing, just the same oracle problem intro they've been flinging for years. I think everyone knows what oracles are now. Sergey's is also only 30mins which isn't long so im not hopeful but honestly this is the only thing on the horizon for months. If there's nothing im actually going to be extremely let down.

You must be a newfag, I remember this same sort of thread in 2017, all the linkmarines crying about missing out on moon missions, but the ones who stuck to it got their 100x after 3 years while most of the ones chasing moon missions got hosed. Unfortunately I was one of the ones who failed to chase moons.

This thread and similar ones made me return to link.

>>28071834
I was there in 2017, that's why I have PTSD. Shit like xvg, trx, neo etc. did 100x or more in 2 months while we had to wait for 3 years, how is that fair?

>>28071801
Judging by price action it’sa nothing as usual. People should throw tomato’s at Sergay like what the fuck bastards not accomplishing shit

>>28071990
for every winner on those there was a loser, i got screwed on salt, i used to 10x short thousands of link every other day, now im still poor, unlucky.

>>28071990
It’s not it’s bullshit and it’s time to approach sergay about it. What in the fuck. Bullshit always pops off for 100x we can’t even get a 2x from ath in a bullrun. Not even 50%. Hardly even 30%?!?!?!?!!!!

>>28071990
>xvg, trx, neo
And where are they now? What is the point of a 100x if it cannot be sustained? Link's growth is slower, but it is sustainable.

>>28072085
nobody's saying they are good now, you could have taken the 100x and put it in LINK obviously. same shit is happening today, every fucking thing is mooning while LINK can't even get to $30.

My hopium for the time being, if this talk is a failure, is that smartcon this year will be closer to the original May date than august. Though can you fucking imagine if we reach the next one and not a single thing talked about last year has been realized lmao.

>>28072302
I've given up on fundamentals and promises ages ago, it's all hot air. all these breadcrumbs and all we have to show for is defi price tracking, what a load of bullshit

>>28072155
Just think of LINK as AAPL, it's one of those assets that you can dump money into and forget it because it will continue to go up over time. True set it and forget it.

>>28071392
theres coins doing 10x left and right, let go man

I sit on 50K LINK and had some trouble watching all DeFi shit and every Binance listing mooning. But there is a few things you should consider:
1. liquidity in a lot of those coins is minimal, so for big dicks very undoable
2. looking at the link/btc ratio we have an easy +50% to + 100% within a few weeks.
3. we are around 25 usd, without anything huge released.
what will happen if staking gets released, DIEM, BSN, Swift or any other big project comse with an update?
4. nor ETH, nor DeFi can survive without LINK, LINK can however easily survive without ETH and/or DeFi
5. Binance smart chain is a big one. Obviously that chink stole everything from other projects, but goddamn does that dog eater know how to hype things and attracct money

Hence a x4 x8 is expected for 2021. Not too bad for big stacks, while having limited downside.

LINK is no longer a coin suited for <100K stacks.

>>28072441
><100K stacks
Do you mean 100k USD or 100k linkies?

>>28071392
Chainlink is a normalfag coin now up there with Ethereum and Bitcoin but without all the recognition, and its hovering around 20$~ so many newfags wont buy into it coupled with Sergeys faggotry all amount to the eternal crab coin.

- Uniswap has solved the Price Oracle Problem as a biproduct.
- Token not needed. If anything, token should be USDT or some stablecoin. Why be exposed to 1000% price fluctuations when providing data for 10% APY?

Chainlink is the new Ripple, just twice as Schizo.

>>28072351
I think as the team has grown it's definitely come to suffer that tech start up condition of endless feature creep and no delivery. I still have faith it's one of the blockchain projects that will actually survive past pre-mainnet though.

As a disgusting, found under the skirting board crumb i did see some other crypto site has oracle integration down as Q1 now this year.

https://www.dock.io/roadmap

Don't know who they are, if they're trustworthy and desu it's hardly exciting when it was meant to be last year then we got no communication but still, what else do we have.

>>28072085
xvg is 787x since 2017
trx is 17x
neo is 168x

>>28072441
Same position. Let’s be real though we’re here for an eth like move not some measily bullshit. We got fucked on sats. Pretty sure fucking btc is a safer bet than link. How the fuck did we get flipped by doge? How?!?

>>28072558
Turns out not too be out chainlink or oracle. It’s all bullshit

>>28072658
yeah to be fair I was very very fucking lucky. sold out at 16 usd last year for btc. link got slaughtered on the ratio and i only bought back in around 0.00055-0.00066 just now.


>>28072515
usd

>>28072441
what can I realistically get with my 100 coins in 2/3 years (no bully)

>>28071392
Hang in there FReN

>>28072546
>he doesn't know Uniswap uses a Chainlink whitelabel

>>28072441

>what will happen if staking gets released, DIEM, BSN, Swift or any other big project comse with an update?

I am tired of hearing things like ''what if''. We have been waiting for these crumbs forever and nothing big has ever come out of it. Back in 2018 we all believed Microsoft and Docusign would come out and use Link upon mainnet release. Yet almost 2 years later we still only have price feeds and no corporate usage.

>>28072837
3 years no clue
this year >10000 usd

>>28072901
it really is the qanon of crypto

>>28072441

>>28072901
then sell?
whats your problem

you dont sell because youre afraid that 2 weeks after you sell we will surge to 100 usd and never ever even dip below it for a second

you poor coinless fools , poor fags forever, go get me some refreshments you class underling , and, make it snappy, perhaps I'll grace you with a generous tip

>>28072927
>this year >10000 usd
please dont play with my hopes bro....

>>28072981

I don't sell for the slight chance I'm wrong. But I just posted the primary reasons why linkholders on average are fed up. Also any sort of negative opinion about the progress of Link is immediately attacked here as ''FUD''.

>>28072998
thats a x4 in a year. if you dont even believe that link will be 100 usd this year you shouldnt hold. not worth the downside risk if your target upside is so low.

>>28073036
i dont see things in terms of fud and shilling. they did kind of underdeliver on some projects, but they also overdelivered on others. the underdelivering is always with third parties involved so I tend to give the CL team the benefit of the doubt. I also find it extremely comforting that we are at this price with the constant dumps, Zeus reports and the project setbacks. LINK will move in a way that will look obvious in hindsight but is harder to actually sit through as you are experiencing now. at 150 USD people will say: ahh I wish I knew about LINK at 25 USD. It has always been like this.
LINK will obviously be in the top 3 after this year.

>>28073053
im a poor fag with zero knowledge of this shit except for what link actually does (whitepaper) will my meager 100 coins buy me a house?
>please respond

>>28073053
We're not seeing a 4x this year. I think we'll see $50 if we get a usable network, so staking/t sigs and some relief of eth congestion whether optimism or L2. Maybe we can go higher if there's an enormous partner announcement but that's purely speculative at that point.

A x2 is not a poor upside for the risk at all.

>>28073204
lol sell you fucking idiot i was joking
link is a fucking erc20 for fucks sake and the ceo is dumping millions of tokens every week. would you sell millions of tokens if you thought it would hit 100 usd???

ffs sell man and buy stonks

>>28073267
>ffs sell man and buy stonks
no

The GME ledditors are all gone/suicided by now, we can stop the fud.

>>28073231

I don't think you really understand. When LINK popped off to $20 as a result of defi summer, the total value locked into defi was about 3 billion and LINK guarded about 1.3 billion of it. Now, the total value locked into defi has exceeded 33 billion. Accordingly, LINK now safeguards value in excess of 17 billion dollars. When the markets realize that the actual value of LINK is not yet reflected in the price, there will be a second buying stage. We could go from $25 to $75 just from current defi value propositions, pricing all future growth at zero. What will likely happen is a wick up to $750.

>>28073155

That's true but man the complete silence with respect to the dumps and development is just gut wrenching desu. The only thing they will say when you ask about these dumps is to read the blogpost. Why don't they give us a brief overview what the funds are used for, for example % goes to hiring % goes to kickstarting the network , this % goes to new research and so on. We just are left in the dark and we can only guess wtf they are doing.

>>28072950
Yes.

>>28073476
The summer run was a textbook bubble. The real value to value safeguarded isn't entirely known to me,but my front door lock is magnitudes cheaper than the valuables inside the house.

If there is some analysis though on what the correct proportion of value should be I'd enjoy reading it though.

Link will be somewhere between $300-$1200 at its peak this year. You guys are literally talking like the meme chart “this rally will fail like all the others” right now
But unironically true that you need money in link at this point to see serious gains, I’d prob say anyone with $50k in ChainLink has the potential to make anywhere from $600k -> $2.4M depending on if they have balls of steel
>t. oldfag

>>28073476
Very optimistic. Also Link does not secure 17b. In December it was 7B. 17b is impossible right now.

>>28073666
Literally no-one is saying "the rally will fail" and we haven't even returned to the mean to be able to say that. Discussion has been on the lack of upcoming events, drawn in communication and what might be happening. I.E. Actual material not 'chart analysis'.

>>28073666
Hahaha no chance dawg. $300 my ass.

>>28072546
>Uniswap has solved the Price Oracle Problem as a biproduct.
Uniswap is ETH only you absolute mongrel. It's all on chain data already.
And even for that, Chainlink is better.

>>28072546
>- Token not needed. If anything, token should be USDT or some stablecoin. Why be exposed to 1000% price fluctuations when providing data for 10% APY?
A stablecoin is a completely new additional layer of complexity on top of an already complex network of decentralized oracles.
Just no.

>>28073666
>>28073777
>God and Satan in the same thread

Aave just pulled off 15% in hours.

>>28073642
>The summer run was a textbook bubble.
No, the summer run was only the precursor to a bubble.
The price went up because people were almost certain mainnet would be announced at Smartcon, along with possible Oracle integration.
If these things had materialized, that's when the bubble would've started.

>>28073913
Just goes to show how criminally overlooked Chainlink is.

>>28073747
Right but shit has been happening? We see more adoption literally every day. I’m personally working closely with two higher profile companies that have unironically seen ChainLink as a way to make good money providing their data on chain. My point isn’t to larp in that, it’s to illustrate that companies who know about ChainLink are starting to consider it as part of their businesses.
We have yet to see official announcements regarding OCR and Staking, but even if those aren’t announced the projects future is bright just based on adoption alone.
It’s extremely difficult to do what ChainLinks done if I’m being honest, and I have regular discussions with many founders of startups and companies about how tf did they manage to get so much buy in early on.
My price prediction is more so predicated on this year being a bubble year for the space, which adds multiples to the multiples you would’ve had in a typical year before reverting back to the trend by eoy which would be roughly $50-$100 based on the current trend. The bubble stems from money that wouldn’t be in the space normally coming in due to enthusiasm and greed and doesn’t happen linearly

>>28073972
Agree. Team fucked up nothing Fucking new there bastards

>>28073972
Im sorry but there's no discussion left over the chart this summer. We had euphoria, return to normal, the entire thing bar a proper return to the mean yet.

We’re getting beat by doge. Link is trash therefore.

>>28074022
The team never actually promised anything by Smartcon, it was just that a lot of signs unrelated to Chainlink itself pointed in that direction.
It's all still very much in play.

>>28074107
Anon, if staking and Oracle had been announced at Smartcon, that's when the real rocket ship would've taken off.
This is not a matter of discussion.

>>28071392
Did you expect another 100x? JFC sell a little bit and have some fun anon, you already made it

>>28074157
You hold a big ass conference that you better be telling people something. Was the violence just marketing for fucking aave?

>>28074019
Well i don't disagree with $50-100 eoy, as for adoption yes there is some but at best it's all projects in the crypto plantation like defi and price feeds, at worst a lot of pure vaporware using the free tweet from chainlink twitter for quick cash. If you go through a lot of the year old daily integration tweets the products are clearly abandoned. I certainly don't follow the daily project tweets anymore.

>>28074238
Hey, I'm as anxious about the lack of actual new releases as anyone, and I was bitter af after Smartcon.
Still, the team itself never made any promises, and the conference was just a comfy get together for like-minded devs.

>>28074157
Sure it would have, a bubble, like all TA can turn into any pattern. It was a speculative bubble that collapsed.

>>28074331
They need to manage expectations. It’s their fault the token fell 50% in sats. They act so clueless every time. Hope someone wises them up smug fuckers.

is Sergey still dumping $7m a day? anyone has the wallet address?

Literally doge has passed us. How useless is fucking link for reals??

>>28074464
It’s 1.5M tokens every Friday now.

>>28074358
>a bubble
If you think Chainlink finally leaving 60c behind after the mainnet announcement was a "bubble".
Or if you think ETH blasting past $20 for good after the EEA announcement was a "bubble".

>>28074403
They never actually created any expectations. As far as they're concerned, they're just doing everything they can to get things right.
You're not supposed to shill and hype in an effort to pump the price; that kind of shit gets you slapped by the SEC like Ripple.

Remember that it was exactly like this in the many months before mainnet. People kept expecting it "next conference" every single time. Until it actually happened, and it was absolutely perfect.

>>28072441
>link/btc ratio
what is that?

>>28074403
>>28074107
Also, stop comparing Link to sats.
You're trying to gauge speed by comparing two moving targets.

>>28074518
do you have the wallet info? i feel like sergey is literally suppressing the price to not make it look like a speculative PnD. probably cope, but sergey is a philosophy major so he might see things from a bigger perspective.

>>28074570
Not all price rises are bubbles as i said, but if it collapses then it was as was the case this summer. If we had development like you said then of course it would have sustained or continuined even.

As for why i choose sats, not only is it a marker of performance against the crypto market in general but this past year has also seen mass fiat inflation with dollar purchasing value dropping by about 30%. You'd have to factor that into the chart to measure link against it. Easier really to just use btc.

>>28074686
I was thinking this too. After they got accused by random crypto twitter "news" the dumps give them capital and tamp down low liquidity spikes in price

>>28074686
>>28074518
Sergey is "dumping" about $35M per week.

The network costs alone take up about half of that: some $16M per week.
See for yourself: https://reputation.link/chainlink
About $10 million in ETH transaction fees, and $6 million in node fees (Link) in the past 7 days.

The other half has to go to rent, licencing, legal, wage costs (which is much more than just wages), subcontracts, audits, marketing, ... for a tech startup in SF, NY, ...
Factor in a healthy reserve build-up, and the numbers add up very well.

>>28074777
First of all: checked.

>Not all price rises are bubbles as i said, but if it collapses then it was as was the case this summer.
If staking and Oracle had materialized at Smartcon, that's when Chainlink's bubble would've started.
August was just a pre-pump.

Keep in mind that ETH pumped in the run-up to the February 2017 conference too; and then it turbopumped when the EEA was announced.
That's exactly what the famous ETH swingie is talking about in pic (see start of the last post in pic).

>>28074636
Okay, imagine you had a car and a train, both accessible to you at any time, and were trying to get from A to B as fast as possible. Would you only look at the speedometer of the car you're in or would you take a look at where your car is tracking relative to the train you can jump into? I can't believe the depths of cope link holders have fallen to. Suggesting sats shouldn't be looked at is the hallmark of intentional ignorance. Looking at sats is how you determine the performance of your asset in this space because BTC is the lowest risk option for your capital.

>>28074933
>>28074686
That's massive cope. Sergey isn't suppressing the price and it's not in his interest. The SEC don't care about price value, they care about what you're selling to people.

As the other anon said the token dumps are more or less explained by the cost of running the network.

>>28075182
Cope is all I have left anon.

>>28075179
>and were trying to get from A to B as fast as possible
1) it's not a race, it's not about being the absolute first
2) you can compare to literally ANYTHING that moves
3) there's always something that moves faster than you at certain times
4) you have to start at the beginning if it's about going from A to B, and that means comparing Link to BTC starting in late September 2017. Go ahead and do that.

Comparing two moving targets is retarded for a large variety of reasons.
Fiat is what literally everything is valued in.

>>28071643
>2/16
>I wonder what will happen

>>28071392
>this coin that is literally going to make me a billionaire isn't making me one RIGHT NOW!
the price is cheap so people who like the project can accumulate more, so keep buying you fucking toad.

>>28073777
Why no chance?

>>28075302
The point is it is a KPI. It is extremely valuable as a metric to determine the risk/reward of holding a certain investment. You wouldn't compare to gold or some other asset because it is a completely different asset class altogether with completely different dynamics to the crypto market. BTC and LINK have some form of a relationship. You can pretend we're in some other market but the fact is we're in the crypto space and these are two options to park your money when investing in that space. It is just bullshit to throw that indicator out the window. It's the same sort of logic that makes people suggest market cap is a totally useless statistic. It isn't if you interpret it properly. Take issue with my dumb little analogy if you have to but it serves to demonstrate the gist of opportunity cost.

>>28075225
Let's wait to see what the talk tomorrow brings. If nothing then we're really running on cope but not quite yet.

Look at LINK's performance.
A month ago we were at $11 a coin.

Since then it's more than doubled.

Yeah, there are sexier new coins out there. LINK is blue chip status. It's not going to 50x again like from 2018 to 2020. If you want that go trawl the low market cap coins. Some will moon, some will go to zero.
I personally cashed in much of my LINK gains and bought GRT and AVAX and REEF and 1inch. I still hold 5k LINK maybe out of sentimental value but also because I think it has room to grow.

>>28075511
>You wouldn't compare to gold or some other asset because it is a completely different asset class altogether
Except of course you would.
The point is to become more wealthy, and as long as fiat is the standard by which EVERYTHING is valued, then "investment" is about comparing literally anything that generates you more fiat.

The best thing for anyone to do is to invest in as many things that are as different as possible: land, securities, precious metal, crypto, art, ...
These are all "completely different asset classes"; yet any random richfag's portfolio will include some of all of those.

>>28074979
>price feed api costs $16m a week
that is absurd

>>28075675
Chainlink secures about $10 billion in Defi right now, and growing.
This is exactly what we've been talking about all these years: the network that allows for high-value smart contracts will capture a sizable proportion of the total value of those high-value smart contracts.

Also, you have no idea what an oracle or an API is, or how they relate to each other.

>>28073267
based

>>28073204
listen to this guy above

>>28075144
Yeah i won't be that guy. I made a swingy mistake before after holding for a year then traded most out to btc a day or two before CB/google happened. Lost about 4k link.

Doesn't mean the last year hasn't been a big disappointment dev-wise though.

link is going to be hiring 500 people soon, there will be an absolutely face melting pump tied to their company expanding......just have some patience guys, we're almost there

>>28075654
>Except of course you would.
Not as a routine course of action when managing your investment in the crypto space standalone, no. The current situation is a good demonstration of when it's useful. LINK gaining on the dollar and bleeding in sats suggests its risk/reward is fucked up and its price action is the result of BTC moving and nothing endemic to LINK. There is a relationship because LINK is in crypto and BTC is the king of crypto with the lowest risk and largest market cap. Perhaps it's like comparing to an index fund or the like.

>>28075931
>Not as a routine course of action when managing your investment in the crypto space standalone, no.
Why not?

If BTC outperforms Link, but Tesla outperforms BTC, then what's the difference?

>LINK gaining on the dollar and bleeding in sats suggests its risk/reward is fucked up
And when sats are bleeding in TSLA, that suggests BTC's risk/reward is fucked too?

There's always something that gives higher yield at certain times.
Even the absolute best-performing "investment" is heavily outperformed by "investing" in a lottery ticket.
Doesn't mean your investment is "fucked up" in any way whatsoever just because something else is doing better for a time.

>>28075822
I don't know why that would follow. Tech startups notoriously flounder on expansion, as we've seen this year, and think of the increased token dumps needed.

>>28075654
>Except of course you would.
Not as a routine course of action when managing your investment in the crypto space standalone, no. Gold does not have an impact on the price of LINK. BTC does have an impact on the price of LINK. Their performance would represent your portfolio's success with regard to crypto exposure. The current situation is a good demonstration of when it's useful. LINK gaining on the dollar and bleeding in sats suggests its risk/reward is fucked up and its price action is the result of BTC moving and nothing endemic to LINK. There is a relationship because LINK is in crypto and BTC is the king of crypto with the lowest risk and largest market cap. Perhaps it's like comparing to an index fund or the like.

>>28076050
See >>28076031

>>28076041
because they wouldnt be hiring more people unless the pieces were in place to support that kind of expansion. Sergey isnt a fuckin retard, this is going to blow and people like you and >>28075578
this guy are going to cry

>>28076031
I deleted that post to expand on my point which I've now done. Maybe you'll get it then. These assets are related. You can't pretend they are not. They are part of the same space. You aren't addressing these points just by pointing to totally different asset classes. Stop fuckin responding so fast.

>>28073476
>pricing all future growth at zero
what does this mean?

>>28076120
Everything is related at some point.
For weeks after the March crash, I could tell exactly what the stock market was doing just by looking at the Link chart, and vice versa.

>They are part of the same space.
The same applies to silver and gold, land on different sides of town, Picasso and Dégas, Tesla and Apple stock, ...
Yet you still invest in all of these if you're a richfag with the simple object of making more money.

>>28076113
The pieces are in place. They have billions to fund whatever they fuck they want. Doesn't mean anything good for us other than holding the price for them.

>>28075762
>muh standard deviation
>muh nonexistent reputation system
chainlink is paying for people to use it, it's a ponzi scheme

>>28076279
>chainlink is paying for people to use it
Nope.

>>28076113
>LINK is going to $1000 a token and sergey will be the richest person on the planet
>YES price feeds used by 3 projects are that important NO I do not care about the dumps
>what the fuck is staking lmao who cares number go up
LINK is dead.

>>28076308
you just said sergey spends 16m a week

These threads are so tiresome. Always the same shit. Honestly I wish this board would forget LINK even exists.

>>28076385
Which is being reimbursed by the users, at least in part.

>>28076321
work on your FUD this is amateur hour

>>28076410
no it's not its being taken from token bagholders (tokens that don't do anything).
the network isn't profitable to run its perpetuated by bagholders buying to sell at a higher price aka a ponzi scheme

>>28076530
>no it's not
lol

bloody basterd link coin sirs my village is now so hungry!

>>28076530
>bagholders buying to sell at a higher price aka a ponzi scheme
By this logic, all investments are ponzi schemes.

What you people don't realise is that Sergey was unwittingly tricked into creating Link by Ari Juels. Sergey is too autistic and focused to care about metaphysics (he is a man of the material world) so it goes straight over his head that Ari made Link purely to create the most powerful emotional ley-line through the largest physical network on the planet (the internet). By utilising the LINK token and the hopes and dreams of tens of thousands of people whose entire mental well being is wrapped up in a mere ERC20 tokens success he will channel the emotional energy of the scam wicks into tearing open the fabric of reality on the poles of Saturn to finally let his dark and ancient masters take physical form within our contingent universe.

>>28076570
sergey dumps 16m a week to run the network, that money comes from token (not needed) holders.

>>28076646
And the Chainlink users pay Chainlink.
That's how this is supposed to work, anon.

>users pay contract operators
>contract operators pay nodes
>nodes pay APIs

>>28076611
no other things have uses, stocks are voting rights, oil is bought to use as energy.
the chainlink token does nothing except fund a network that can't profitably sustain itself

>>28075523
What times the talk??

>>28073476
what has to do the ammount of money safed into defi with link valuation?

>>28076740
>the chainlink token does nothing
The token is the medium for compensation and escrow within the network, anon.
On top of that, the token carries information.
Read the whitepaper.

>>28076820
The nodes that help Defi projects work are paid in Link tokens.
This means the more work the nodes have to do, the higher the demand for these tokens.
A certain % of the total value running through Chainlink will be reflected in Chainlink's market cap.

>>28076711
>users pay contract operators
>contract operators pay nodes
>nodes pay APIs
it only works if its profitable and they're short 16million dollars a week which is taken from bagholders, for a trusted third party api that medianises data

It annoys me that AVAX is now +30 dollars and LINK isnt. Brainlet take because of the supply/marketcap but still

>>28077021
>hey're short 16million dollars a week
lmao, no they're not.

You just quoted me saying "users pay contract operators", yet you forgot about that just a few lines later into your post.
Are you a goldfish?

>>28077021
wait so you're telling me sergey loses $16 million every week? that cant be right

>token not needed
THE TOKEN IS NEEDED BECAUSE OTHERWISE WHAT WILL SERGEY DUMP TO MAKE MILLIONS WHILE TOSSING "NODE OPERATORS" A FEW THOUSAND THEIR WAY TO PING COINGECKO FOR THE PRICE OF 1000 UNISWAP SHITCOINS EVERY FEW MINUTES????

SHIT COIN DUMP TO 7 CENTS INC ZEUS CAPITAL WAS NEVER DISPROVEN

>>28077158
He doesn't. The users (Aave, Synthetix, Kava, ...) pay Chainlink.

>>28077098
you're the gold fish >>28074979
sergey is paying to run the network

>>28077096
I made this pepe.

>>28077174
Why do you feel the need to make posts like this?

>>28075822

Why the fuck do they need 500 employees let alone 500 more?

>>28077174
>PING COINGECKO FOR THE PRICE OF 1000 UNISWAP SHITCOINS EVERY FEW MINUTES

t. Compound or Maker employee trying to make himself feel better about having his shitty in-house oracles crap out on him.

>>28077250
... and the users are paying Sergey.

You keep forgetting haha.
I'm worried about you.

>>28077281
im worth 7 figures and bored

>>28076246
Sorry but this post is all just silly. Have a good day though, anon.

>>28077385
lmao, you're welcome for the eye opener, anon.

>>28077284
500 more people sergey can give LINK tokens to in order to market dump on fridays. he will recruit an army of pajeets from Fiverr and pay them to market sell on binance

I'm just glad we've priced out reddit and all these bottom of the crab bucket pajeet scammer rats infesting /biz/ right now. Better yet, even if it did massively crash back down to afforadble prices, they would STILL avoid it.

>>28077345
the users are not paying enough to run the network otherwise he wouldn't have to dump 16m of premined majority supply
it's a ponzi scheme
if sergey stopped paying no one would use it because it is of no value to pay an intermediary 16m a week to medianize data

>>28077491
>the users are not paying enough to run the network otherwise he wouldn't have to dump 16m of premined majority supply
Even if the users paid Sergey more than $16M worth, Sergey would still have to use $16M worth of Link tokens within the network.

That's how this is supposed to work: end users give the contract operator money, and the contract operator uses his Link to pay the network.

>>28075444
Checked

>>28077491
why does it cost $16m if that's not what it's worth?

>>28077491
>it is of no value to pay an intermediary 16m a week to medianize data

Tell that to Maker and Compound lmao.
Their "medianizers" shit the bed, causing untold dozens of millions of USD in losses.

>>28077417
Dude fuck off. I was decently polite and you could've just gracefully ended the conversation. This is not the first time I've had this conversation with someone. You're clearly being a stubborn cunt. I don't have all day to sit here and explain that LINK/BTC correlation is obviously different to LINK/fucking gold. You just told me "everything is related" as a comeback to the argument that BTC and LINK are fundamentally related, in the same space, in the same asset class from a portfolio perspective. You don't even have a point. LINK's performance simply must be measured against BTC or that frame of reference maintained when you're assessing how your crypto exposure is performing. Good luck running for school council, you fuckin doofus.

>>28071392
nigger

>>28076629
I just finished watching evangelion. Did you do the same?

I’m so comfy in my coin anon. I don’t think want to shill it. I want you to buy in late so I can dump on you

>>28076246
>>They are part of the same space.
>The same applies to silver and gold, land on different sides of town, Picasso and Dégas, Tesla and Apple stock, ...
You just said silver, gold, Picasso paintings are all the same asset class. You're a complete retard. "Silly" was as nice as I could be to such a vapid ignorant point.

>>28076959
>A certain % of the total value running through Chainlink will be reflected in Chainlink's market cap
thank you
>>28076959
>A certain % of the
which % in your opinion and why hasnt the market realized this yet?

>>28071545
the real redpill is knowing no one actually bought it at those prices. Anons just thought it was fun to discuss during the bear market after losing all their money

everybody is crying and wondering why LINK is undervalued yet you guys haven been aggressively fudding this project for 3 years.
you are seriously a bunch of fucking idiots

He built a decentralized Oracle network from the ground up in less than 2 years and hired a team that's loved by the community and put those nice offices in that nice skyscraper in the financial district of San Francisco literally some of the most expensive real estate on earth and bought town crier securing Facebook and docusign engineers for advisor roles all for only 32m that he received from the ico. Please Sergey. Please take all the money you need to continue your work.

>>28077660
It’s worth it. The dump is 35 million a week. After 10 weeks it’s 350M. Just save the fucking money and path in those shifty holes when someone gets hacked.

Let’s say we get an L2. Then that shitty few goes away the 6k eth gas fee?

Why would you go all in on a token that's already established it's niche and is unlikely to even 2x?

>>28078083
Is how people become millionaires by going through this level of pain

>>28073231
How does the cost of the LINK token have anything to do with it delivering products?

>>28074107
This. The fact that it's been a textbook bubble has been the only thing keeping me going with link, and why it was the only thing I was still buying in late december and early january when it was still in the 9-12 dollar range. Gives me hope that it's still got plenty of room for strong growth once we fully get out of this "despair phase" slump

>>28074636
This is a cope. You compare alts to sats because BTC acts as an index fund for the whole crypto market. BTC is the safest position in crypto, and so if your altcoin is performing worse than BTC, then that means you're taking on a lot more risk with your altcoin position, with none of the benefits. Of course, LINK has performed better than BTC overall, by a lot. It's just the last few months that have been embarrassing. The issue is that the last few months were the true start of the bull run, and so people are afraid that LINK will continue to underperform in a bull market, while doing better in bear markets.

It's like how people compare the performance of their owned stocks to an index like SPY. If you're doing worse than SPY, you should've just been in SPY instead.

>>28071692
Actually its 1.5m now

>>28079214
Dude forget it he's a fucking retard. His comeback is "everything is related at the end of the day" so we should also be looking at LINK to Picasso painting ratio FYI.

>>28077448
Based

Is link really going to stagnate through the whole bull run? We can't be sure yet, after all it is the first bull market link participates in.

>>28077845
>LINK/BTC correlation is obviously different to LINK/fucking gold
I literally told you Link/BTC is akin to silver and gold, land on different sides of town, Picasso and Dégas, Tesla and Apple stock, ...

When it comes to making money, it's all irrelevant.

>LINK's performance simply must be measured against BTC
So silver must be measured against gold? Land on one side of town against another side of town? Picasso against Degas? Tesla stock against Apple stock?

Everything is measured against fiat.
Because the object is to become more wealthy, and today wealth is measured in fiat.

>>28079214
>You compare alts to sats because BTC acts as an index fund
No it doesn't.

BTC is valued in fiat, so everything you value in BTC is automatically valued in fiat as well.
EVERYTHING is valued in fiat.

>>28080109
1btc = 1btc

>>28071392
I invested in LINK in 2019 and sold a week ago. I hit a 5 x after 2 days, sell your linkies retard its too slow

>>28080041
>>28080109
You have been telling people not to look at sats value. That's just horseshit no matter how you cut it. If someone is trying to manage performance of crypto in their portfolio they absolutely should look at that value because it provides insight into that asset's performance relative to the market. I'm not saying don't look at the fiat value. You do need to look at that and even to me I pay first attention to that, but suggesting we should stop looking at sats value misses the point and is ignorant of basic market dynamics and investment theory and performance indicators. Educate yourself about this first then come rub your shit all over this place. The reason you want to ignore sats is to disqualify conversation about LINK's underperformance because you have tunnel vision for the project.

>>28080109
If investment A is a risky low-cap VC gig, and investment B is the safest and most secure high cap thing on the market, and investment A sees a 5% ROI while the safer investment B sees a 20% ROI, then you have zero reason to hold the risker, lower gaining, Investment A.

This is simple stuff. I should probably listen to the other anon who said to not waste my time here, but I'm genuinely trying to help you understand how this works.

>>28073498
Because why would they?
Sergey has never been a hype man

>>28071692
Chainlink is still a good hold. Your mistake wasn’t never selling link. Did you not continuously put your money in crypto? As soon as I get paid it just goes right into ETH

>>28080183
lol that's true for literally everything.
When BTC "moons", that's because it's gaining fiat value.

>>28080425
>If someone is trying to manage performance of crypto in their portfolio they absolutely should look at that value because it provides insight into that asset's performance relative to the market.
Bitcoin isn't "the crypto market".

Nobody says "my gold is worth less silvers", or "my Picasso is worth more Degases". It's all about gaining money, i.e. fiat.
Which is why BTC itself is valued in fiat.
There's always something that does better for various reasons.

>>28080811
>then you have zero reason to hold the risker, lower gaining, Investment A
Lmao, yeah hindsight sure is great you doofus.

>>28082221
bitcoin is valued in bitcoin

>>28082538
No, it isn't.
When you want to buy something (anything at all), how much BTC you need to buy that something depends entirely on the fiat value of BTC at that time.

>>28080425
>suggesting we should stop looking at sats value misses the point and is ignorant of basic market dynamics and investment theory and performance indicators
You’re way too hung up on this.
Most you can say is “asset X outperformed asset Y over timeframe Z”.
This applies within specific markets and across different markets.
In the end, gains are gains.

>The reason you want to ignore sats is to disqualify conversation about LINK's underperformance
99% of crypto underperformed BTC this fall.
It happens.

Zoom out, maxipad.

>>28071545
wow a 10x, big whoop, shitcoins do that every day

>>28083842
Based math-illiterate anon.

COPE: the thread. all you faggots had to do was buy link but you chose to stay poor. that was your decision remember that

>>28072837
100 bigmacs

>>28073715
Not impossible but doesnt tell the full truth though. That 7b in december has doubled in price since decembeer (its all shitcoins held as tvl) so thatd put it at 14b even without any new money coming in. Anons should note. TVL in defi is all crypto assets and the value grows or falls with the markets movements.

>>28071392
cucked by btc once again

>>28074590
Lurk more newfag

>>28071392
I feel the same way as a Polkacuck

any mods want 5 btc?
just the IP of OP

offers stays even after the thread died
contact: air666@airmail.cc
send logs

>>28085436
fag

>>28073036
Most of the fud threads are made by the same 3 people spamming the same shit over and over again. How do you expect rational discussion when the fudders just throw memes at you when you make a point.

>>28085625
Its about 200 dollar for me.
Worth it. The rest you can imagine

>>28073498
Doesn't sergey pay out node operators in link? also has to pay employees fund new projects etc..

>>28085687
croggers

>>28071692
This is extremely bullish.
Imagine when Arbitrum, other L2 solutions and OCR come out.
Sergey will reduce his dumps because the network will be cheaper to maintain.
This will reduce the available liquidity on the market and pump the price by itself even without the news.
But because of the news causing this improved efficiency the price will explode.