/biz/ - Business & Finance

>>28487612
elite whale here, not until we said so

>>28487612
when you sell

>>28487612
>want to get into ChainLink because I genuinely believe in it
>even if it ends up 10x at this point it will have cost 100x to have funds tied up in it in a bullrun

6th worst performer in the top 100

>>28487655
>'whales' not realizing they could have had bigger gains by letting it moon

I hope you are happy

>>28487612
>suppressing the price
lmao sergay makes LINK more decentraliced by dumping more LINK to the market every week, no one is suppresing it

I have 100 Chainlink. I'm tempted to dump and gamble on some of the potential moons, then buy back in.

Will I be making a mistake?

>>28487612
slow and steady wins the race baby

>>28487786
i wouldnt do it

t. fellow 100 linkie

>>28487612
But Link has always overperformed the market for the last 2 years, maybe a bit more.

Maybe it’s time to diversify. Pic related? Backed by exchange-owning whales. Yeah I know I know, chink blah blah racial slur blah blah. That aside, it could be a big one from a trading perspective. FTX is in on it too.

>>28487786
Nah, get rid of it for now and just buy back in later.
This piece of shit will still be crabbing for the next two months while everything else moons, you're basically throwing your money away by keeping it in Chainlink.

>>28487930
Just diversify, It’s still looks good in the weekly chart. The long term trend is intact.

>>28487930
>>28487786
Is Jamais vu the right thing to describe this?
I've been here before.

>>28487612
link is basically used like tether at this point. while everything else is pumping link doesnt move, while everything else is dumping, link moons.

>>28487786
Nobody can answer that for you. It's a gamble. Check the chart for the last few years, this is just what Link does. It looks like it's shitting the bed and then it booms upwards by like 300%. If you can out and back in by the time that happens then great. If not, you'll be priced out forever.

outperformed by literally every other oracle token in the past 6 months

>>28487612
Shit's getting out of hand.

>>28487712
>even if it ends up 10x at this point it will have cost 100x to have funds tied up in it in a bullrun
That's not how "making money" works, anon.

Just think about it, there is a reason.

>>28487780

>>28487612
>when will they stop suppressing the price???
It's just a piece of shit, that's all there is to it.

>>28490006

>>28490006
What's wrong with price suppression? Too high link price would be counterproductive for the project itself, many don't seem to get it. Link at $20 is literally perfect, you people are greedy as fuck

>>28487612
Can someone here actually explain what "price suppression" actually is and what the purpose of doing it is?

It is beneficial for link to stay where it is at this moment.
Come back next bull cycle.

>>28490059
volume on usd pair comes from arbitrage bots evening out the split with the btc pair

>>28490140
This. Link is a good project, but it already way too overpriced compared to something like Aave, GRT (projects which have actual adoption, use cases)

>>28490182
>>28490140

See you at 50$, faggots

>>28490199
Bitcoin would have to go for $150k for Link to hit $50 you dumb shit, literally not enough money in the world for that price action

>>28490006
>>28490059
This fucking shit right here.

>>28490080
>Too high link price would be counterproductive for the project itself
The market cap of the tokens used only in the network has to be high enough to cover the total requirement for staking guarantees.
The higher the price of Link, the better.

>>28487612

You had three years.

>>28487612
Not selling until $1000
IYKYK

>>28487612
most old school linkchads switched to rubic

>>28491428
shoo shoo pajeet

>>28491191
it starts right now

>>28491545
enjoy holding your crabbing stinkies whilst my rubic 20x's then i can buy back 20x more stinkies in 6 months

>>28487612
Every pump will dump until staking. Then, no more dumps. All price action before staking is speculation on how the tokenomics will behave once staking is implemented. The bet is that supply will dry up and price will rocket, but until the supply does dry up with staking, everyone is sitting with their link in hand ready to sell.

>>28491968
Actually it's when Arbitrum goes live and transactions are suddenly 50x cheaper. Nodes will actually be able to function without Chainlink having to subsidize them (partially) directly. It'll happen sooner than staking.

>>28492135
>when Arbitrum goes live
It's not going to happen.

Not a single L2 scaling solution has ever launched, after all these years, all these different attempts, all these different brilliant minds, all these untold millions.
Remember Plasma?

>>28492135
That’s great and all but how do we get to share the fees those nodes will be raking in without staking?

>>28487891
yep 120 linklet here too. I'm worried if I sell it will moon without me so I am just gonna wait

>>28490080
Fed prints dollars non stop
Everything cost more greenbacks including bread.
Link stays the same price
>TFW when I'll never buy a laser blue Tesla X with my linky

>>28492135
Do you have some news on Arbitrum?
When can we expect this to happen?

>>28493822
See >>28492237

Arbitrum is never going to happen.
This is also evident in the fact that the Arbitrum people themselves keep baiting the public with empty hype.
Like when they launched the @Arbitrum Twitter handle and said "watch this space"; but then it turned out to be just another variation of the testnet.

>>28494200
Not everyone has the caliber of Sergey.
They may be incompetent and needy but they can still deliver something slightly useful with a bigger delay than advertised.
If they won't Sergey will just replace them...