/biz/ - Business & Finance

It's over.

>>29360162
It will now that i sold some of my stack

>>29360946
traitor

just looking at this i can tell it's not bouncing off that line

>>29360162

It’s truly sickening looking bad now how terrible Link is performing

>>29360946
Thanks friend, I just bought in.

>>29360162
Yeah I just sold all my link, I’m out. Fun ride tough bris thanks for the memories.

>>29361045

*back

>>29360946

>>29361021
what make you think that? Share your ta secrets with us please

THIS WAS SUPPOSED TO BE OUR ONLY CHANCE TO ESCAPE WAGESLAVING

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>29360162
is this the hourly?

>>29360946
retard

Sir gay betray..

>>29360162

>>29361338
No countdown suggests weekly

>>29360978
Not all

A FUCKING JSON PARSER

look at the monthly chart, not looking good

>>29360162
Scam = LINK

Retards will say sats don’t matter because it’s “up 100% this month in usd”

Here comes March crash 2.0 bros

>>29361260

>>29361989
probably the only good ta ive seen on the site

>>29361989
whats the bottom indicator

>>29360162
>multiple bearish cross on weekly
>1 year uptrend broken on the downside

>>29361989
>>29362048
Explain to a brainlet please.
>t. 2017 holder

>

>>29361917
Redpill me on why sats matter so much? Sats are relative to the USD too, everything is interconnected, it’s not like you’re wrong for looking at usd since, you know, that’s what you’d cash out as anyway to convert your gains into assets.

>>29362108
We made it at work. The chart is a 1D.

ive held for so long but now i need someone to hold me

>>29362250

Because btc is a benchmark for the market, it moves everything. If it underperforms compared to btc, it’s similar to underperforming to let’s say the S&P 500.

>>29362250
Because if your shitcoin has dropped in sats that means if you had traded it for sats before that then you would be up, but you didn't, so now you have less than you could have had.
It's a good indicator of strength.

>>29362281
fuck i am going to panic sell

>>29362281
I sold 100% of my Chainlink last night. Does it look like I did good? I swore I would never do it but I just couldn't fucking wait for it anymore.
Fuck I hope I don't regret this. Some faggot is probably going to screenshot this post and add to his collection of people who shorted Link.
I'll buy back in 10 days when my current investments come good. I'm already up quite a lot as it is.

>>29361989
teach meee aAAAAAAAAAAAAAAAAAAAAAAA

>>29362429
>>29362453
Helpful and informative replies, thanks, enjoy this cat in a bag

>>29362250
If BTC and Chainlink are two horses and the BTC-horse keeps outperforming your horse for months in a row, why not switch over to the other horse

>>29362570
That's a beautiful cat, anon. My blessings to you, and the cat.

>>29362429
>underperforming
We actually have an indicator we use for equities to calculate relative strength against SPY performance.
Here is LINK/USD.

Its simple. Im going to sell one thousand(1000) Chainlink(Ticket:LINK) tokens an hour till all of my previously prized tokens are sold. I’m already in the process of sending them to my favourite cryptoasset exhange. For me? It’s coinbase. The nice man always gives me a slight discount on my weekly purchase of Chainlink tokens. I’m sure he’ll be sad to se me sell, as am I!
This is financial advice. I encourage all other OG linkies to do the same ASAP.

>>29362754

Why do you bring up link/usd when we are talking about link/btc?

>>29362769
ohno non on on o

>>29362429
>Because btc is a benchmark for the market, it moves everything.
And BTC is measured in USD.
You're just retarded.

>>29362453
>>29362571
Haha holy shit this brainlet take.
There are literally hundreds of other coins that outperformed BTC at any given timeframe, just predict the future bro.

>>29362769
this is great advice, I will also be sending all of my ChainLink tokens (ticker symbol LINK) to my favorite exchange (also Coinbase [ticker symbol - GOY]) and selling for my favorite fiat currency (United States Dollars - [Ticker symbol {USD}])

>>29360162
BOND solves your issues

>>29362804
the s&p is tracked in usd

>>29360946
Based

>>29360978
R*ddit mentality

>>29362429
>it’s similar to underperforming to let’s say the S&P 500
The only thing similar to underperforming the S&P 500, is underperforming the S&P 500.

>>29362250
Sats are Sats. They're a harder currency than usd so i don't know why you'd focus on the latter.

>>29363061
>Sats are Sats. They're a harder currency than usd
Then why are sats measured in USD?

You maxipads are so delightful.

>>29362998
I meant that if you hold a particular stock, and it underperforms compared to the s&p 500 it’s a shitty hold as of now.

>>29362953
>There are literally hundreds of other coins that outperformed BTC at any given timeframe, just predict the future bro.
So? Those coins outperformed BTC and have gained in SATS, and therefore are stronger than other coins. The fact that you have completely missed the point of what we were trying to explain has made you look like a total retard, anon.

>>29363137
You said "if you traded for sats you would be up".
That means "up in fiat".

You're too far gone to even know what you're saying anymore.

>>29363207

Please stop posting

>>29363107
Link didn't outperform the s&p 500?

>>29363252
I will never get tired of your maxipads and your mental backflips.

>>29363302

I’m all in link. But please continue with your useless arguments.

>>29363325
It's useless to value anything in sats, because what you can actually buy with those sats depends ENTIRELY on their fiat value.

>>29362560
Hey, I'm just curious, but when did you get in? I wouldn't worry too much since you're up.

>>29363207
You are seriously fucking stupid.
>There are two tokens
>token A
>token B
>Both tokens are worth 10 sats
>but something happens and now token A starts to pull away in sats from token B
>if you held token B before the shift and didn't trade it for token A, you would now be down in sats (and therefore dollars).
>if you did, you would be up.
>If your token performs especially poorly compared to BTC, and loses value in sats, then it would be more profitable to trade it for BTC before it loses said value.

If you don't understand what I am getting at here then I pity you, your parents, and any children you may have.

>>29363357
Under a dollar, but I have been buying all the way up.
I still believe it is going to 1000 dollars and more, but I just think it's shitting the bed right now and I'm fed up of seeing all these opportunities pass me by. There's profit to be had elsewhere and I'm fed up of being married to Link which, if we're being honest, has performed poorly since January.

>>29363389
You're doing two retardeds:

1) "hurrr just predict the future and flip at the right time"
2) measuring in sats which are measured in USD

I honestly don't know if you're legit mentally challenged, delusional, or just ignorant; but it's not looking good for you.

>>29360162
no wonder you faggots think TA is astrology if thats how you draw resistance and support lines

>>29363446

Why didn't you sell a smaller portion of your link in order to get in pumps, and eventually add to your link stack? Because in the long run Link will do well .

>>29363505
I'm staggered by your ignorance. I know you're new to this, nobody who had been around for longer than a month would be so badly misinterpreting what I have just typed. You are giving off MAJOR sell signals right now. I'm going to leave it to other anons to call you an idiot, which they surely will, because I have faith that /biz/ isn't filled with people as dense as you.

>>29363539
I have been doing that, but I saw an opportunity to make big money in the next 10 days (which I'm not going to discuss here as it is competitive and you'll be taking money from me if I tell you what it is, sorry) and I just went for it. Sold everything and went for it.
Time will tell whether it was stupid or not.

>>29363584
Listen to yourself; you're having a serious bout of cognitive dissonance.

Imagine how much of a mental infant you have to be to say something like "you should flip to an asset that performs better before it starts performing better".
Just IMAGINE.

>>29363634
Your ego won't allow you to admit that you have poor reading comprehension and have completely missed the point.

>muh Link sats count

>>29363677
That's what you said: "if you had switched to the better performer at the right time, you would have performed better".
LISTEN to yourself.

And on top of that, you're measuring in an asset which is itself measured in fiat.

>>29364009
Yes. I did say that, because you would have. I never said anything about predicting the future. If you bet on the winning horse you would have won. What's wrong with acknowledging this? This is a board for discussing such things. You seem to be under the impression that I'm judging people for not making the correct choice 100% of the time but I'm not, I was merely explaining to the anon why people measure in sats, and why people are saying Link has underperformed, which it has, and how we know this is the case. The fact is that if you make the right choice then you have made the right choice, and while that may not be an easy thing to see at the time, we can certainly tell afterwards what the right choice was and the way in which we do that is by measuring an asset against another asset, usually dollars, but in the case of crypto we use BTC, and SATS, which brings me onto my next point; the reason we measure in sats and not dollars is because nobody trades shitcoins with dollars, they use other cryptos, commonly Eth and BTC. Even with the advent of stablecoins people still primarily trade in BTC. The whole market is tied to it.
YES BTC might be measured in dollars but so what? You can hold Chainlink and have the price shoot up 10 dollars without any real, actual, solid price appreciation ever happening because BTC mooned. If Bitcoin shoots up in value the price of every altcoin is dragged up with it unless it drops in sats.
I'm not going to explain this further to you, I'm tired, fucking lurk moar.

It’s currently straddling the line

LINK is so overvalued, it's not even funny anymore. It shouldn't even be in the top 50.

>>29361695
looks like a bull flag to me

>>29360946
it wont now that i just bought in

>>29365135
If it dips then you’re fucked like the rest of us, if not then you’re a total genius like the rest of us

>>29364478
OP posted weekly chart

>>29364390
>I never said anything about predicting the future.
But anon, that's what you're saying when you said "if you had switched (i.e. predicted the future) to the better performer at the right time, you would have performed better".

You seriously have all the mental acuity of a small child.

>If you bet on the winning horse you would have won.
Three things:
1) even if I follow your childish logic: my point was that there are hundreds of horses that did even better than BTC, so no you would not have "won"
2) even if I again follow your childish logic: Chainlink only entered the race in September 2017, so you should be counting from there
3) this isn't actually a race to see who gets to be "first", it's about making money. And there's always something that does better so comparing does very little.

>YES BTC might be measured in dollars but so what?
So you're a complete moron for saying "you should measure in sats rather than dollars".

>>29365639
You're autistic as fuck. Probably so much so that I feel bad for giving you shit. I'm sorry for insulting you. You believe whatever you want, dude. Cya.

>>29365804
I accept your concession.

>>29365824
>concession
Yet more autism on display. You need to take a step back when you read things, nuance is a thing. Not everything needs to be interpreted so literally. I hope you grow up.

>>29365893
>Not everything needs to be interpreted so literally.
Translation: "please don't actually read what I said".

>>29365937
You didn't grasp anything I wrote. You're fucking autistic as shit. The fact that you get annoyed at people for discussing in post the correct decision because >hurr durr predict the future is a sign that you have a stunted mind. People on a crypto board enjoy discussing the perfect play, before and after it has come to pass, and they use a measure (sats) to do it.
Crypto is measured in sats whether you like it or not. Stop sperging out, it's embarrassing.

>>29366064
>The fact that you get annoyed at people for discussing in post the correct decision
In English please, Pranjabat.

>Crypto is measured in sats
But you yourself just admitted Bitcoin itself is measured in USD.

Stupid AND no short-term memory lmao.

>>29366137
You're just staggeringly dumb. Absolutely and unfathomably stupid. Good night.

>>29366195
you:
>BTC is measured in USD

also you:
>crypto is measured in BTC

lmao

>>29366224
This post is evidence of your ignorance. I have explained it already. You are beyond help.

>>29366297
You keep making these zero-argument butthurt posts.

What fucking timeframe is this?

>>29366341
I hold Link. Bitcoin goes up. Link goes up. Unless it drops in sats. If it does it goes down. It goes down in dollars but only because it goes down in sats. All trading on Link can be halted completely and no trades made for an entire day but the price can go up or down depending entirely on what Bitcoin does. This is because it is measured in fucking SATS, you IDIOT.
You're going to say
>BUT BITCOIN IS MEASURED IN DOLLARS LOL
anyway, but this makes you a fucking RETARD.
BITCOIN MIGHT BE MEASURED IN DOLLARS
BUT
LINK
ISN'T
YOU
FUCKING
RETARD
It's measured in fucking SATS. It goes up or down DEPENDANT ON BITCOIN.
NOT THE DOLLAR.
THE DOLLAR DOESN'T MOVE.
BITCOIN DOES.
Bitcoin is fucking bought with Euros and GBP and YEN and fucking shitloads of currencies. They're practically irrelevant.
We measure something in SATS because it's fucking useful to do so because it's the fucking backbone of the entire space. You're SO fucking dense it's infuriating.

>>29366568
Oh btw I won't be making anymore posts after this I'm not wasting my precious time teaching a retard newfag why things are measured in sats.

>>29366568
>It goes down in dollars but only because it goes down in sats.

You realize this isn't true more than half the time, right?

>>29366632
>I won't be making anymore posts after this
You implied as much many times already.

Clearly you're having severe cognitive dissonance.

We are about to cross the Rubicon.

>>29366560
1W

>>29366568
>It goes up or down DEPENDANT ON BITCOIN.
Check Link/BTC chart since late 2017, you retarded turd burglar.

> THE DOLLAR DOESN'T MOVE.
BITCOIN DOES.
Which is a large part of the reason why pricing in sats is retarded. You’re measuring the speed of a moving target by looking at another moving target.

Fiat is the standard of measure for everything.
Sure, market niches are communicating vessels within themselves (and between each other if shit really hits the fan), but it doesn’t change the fact that everything is priced in fiat by everyone.
Back in 2008 the housing market crashed and took everything with it; but it doesn’t mean everything was priced in “houses”.

>>29367070
Checked and thispilled.

What's up with this .10c bump overnight?

>>29362371
*holds anon* its gonna be okay.

so did you weak hands finally sold your bags? Can we start going up again when you faggots are finally out of the market?
Pussies ass weak paper handed faggets
U'll never make it