/biz/ - Business & Finance

>>3972570
>This single wallet sent 3.64M tokens to Binance 16 days ago and another million 11 days ago. Keep in mind that Binance has just 10.7M tokens now. Whoever this is, he might be in control of half the Link market there, assuming he's been selling and buying back at a lower price.
fucking crazy man.

I hope everyone sells before 2018 so they miss out on clearly revolutionary tech. biz is amazing at identifying promising project, but terrible at being ADD day traders that can't hold. I'd love all of biz to get shaken out which is why I am still FUDding.

>>3972570

as promised from the last thread, I sent you 10 LINK for your good work

not FUCKING SELLING

>>3972685
You, Sir, are a terrible person.

the team let the whales (like the 4million one) destroy and bleed this coin out. They did a terrible job keeping this shit to solely Binance and Etherdelta and now we will see the consequences of that

It is going to take a year + for this to even recover

exchanges can't really help this right now. Gotta wait a few months for it to recover, if it ever does

>>3972695
Thanks!

>>3972824
A bigger exchange would be enough, if it brings enough volume to offset the whales.

>>3972570
Excellent analysis

>>3972701
No, I want biz out of this coin. I will keep fudding for at least another 20%. Only after biz has been purged can we recover

>>3972969
If /biz gets out of Link, who's left at this point? It never raised interest in Reddit or Bitcointalk. Youtubers are saying 'It looks good, maybe in the future...'. Ian Balina was laughing at it!

guys LINK is dead
put everything back into BTC and move on

>>3973195
Today's meme, I see.

>>3973010
>there are 11000 people on biz

>slap corporate logos on a white paper for an unfinished product
>virtually no pre-sale or crowdsale communication
>ICO was an absolute shit show; for those who don’t know they fucked up the code (the TWO developers that is) and the cap was set at the wrong number for the crowdsale leading to manipulation by whales
>Had to send all ETH back (BY HAND) because they weren’t even using SmartContracts in their ICO!!
>registered company in the Cayman Islands to avoid federal prosecution of this securities fraud scam
>Ethereum blockchain is already too slow to gain widespread adoption by SWIFT or any of its partners, it was all an experiment
>Experiment which caused “investors”, you little token holders $32mil
>the Oracles on their website don’t even use ChainLink token
>will remain on chink exchange where the price will remain manipulated until we slowly bleed out as more and more realize this was merely good marketing and a pipe dream; but going nowhere as more and more big players start to developer their own solution (like Microsoft’s cryptlets and J.P Morgan’s Quorum blockchain)
>SIBOS was all hype, delivered no new news or product or partnership (merely re-iterating we hope down the road blah blah blah)
>Rory confirms that anyone wanting to use the chainlink token will have to buy it from an exchange
>Steve not even at the conference
>Desperately rushing to finish the NETWORK itself while Serg tries to SELL the damn thing
>Linkiess think this will be adopted over night by 11,000 banks
>bureaucracy, especially in the financial world will make this virtually impossible to ever implement, let alone go live for a dozen banks
>virtually no large organization has the means or protocol to make a huge investment into LINK by buying it on some chink exchange that is riddled with bots
>already below ICO price
>banks are going to build super computers on every city any way

>>3973272
Those 11,000 people don't matter when the top 250 wallets hold 80% of the tokens.

>>3973278
sauce?

>>3973278
this is shooped right, proportions are all out of whack

>>3973010
>caring what a nigger thinks

>>3973423
>caring what a low IQ poltard thinks

Here's all the news we're getting today.

>>3973505
>near future

aka a month or so

>>3973278
you lost me at good marketing, chainlink was stealth mode

>>3973561

For hiring? That'd be lucky

>>3972570
Thanks for the great info Crypto.

For someone who just wants off this ride without regard for the future, do you think LINK will go back to 30-40 cents eventually? Or, you thing it will drudge back into the 20s until further news?

>>3973719
I honestly have no idea. Keep in mind the Bitcoin forks and how they'll affect alts, though.

Oh great benevolent whale who lurks among us, btfo of these bots and take us up in your flippers to salvation

>>3973719

it will continue to dip until news comes out.

If they don't release news all of next week, expect it to go back to ICO prices, possible a little lower (8-10 cents)

Please dip to 4k one last time.

>>3973809
It might. I was just watching the sell walls and you can see the bots acts in real time. 100K walls coming up and down every few seconds.

Binance just dipped below 10 million Link.

LINK only has volume on one exchange. Whales buying from weak hands and people who are planning to buy back in. Does anyone have any insight for the long term on affects of the concentrated possessions of tokens?

>>3974873
Same thing as now: A few whales could crash the price in an instant. The situation only gets solved when the tokens are distributed more widely or more tokens enter the market.

Keep in mind Binance has less than 10M tokens trading now, out of 350M in circulation.

>>3972570

Keep it up with God's work anon.

Remember: Iron hands and adamantium brains

>>3974838
>>3974901
Wow we are going to be fucking rich. Keeping mine on the exchange ready to dump once we hit $1 next week.

>>3974942
Is this veeeeeery subtle irony?

>>3974921
Thanks, fellow anon! This is going to be a bumpy ride at least until the Bitcoin forks are over.

>>3974959
What? With only 10 million on the exchange it will not take much to flash pump this to $1 after the Bitcoin fork. I want to be ready to take advantage

>>3974995
I disagree. As long as that single whale keeps his tokens in Binance, it's almost impossible to moon. He can use 1 or 2 million tokens to create a sell wall that keeps any pump at bay.

The more tokens Binance loses, the more power the whale gains, assuming he hasn't sold himself.

>>3974901
At some point the whales going to try to drive the price up to get rich...right? I feel like that should be obvious but I'm feeling really stupid right now having lost nearly half my investment.

>>3975042
This doesn't make much sense. How would more tokens on the exchange help the price?

>>3975096
Yeah, could be years down the line. That's why I didn't buy much, swing traded to increase my stack, and am going to now forget about link.

>>3975096
They won't have to drive it up. They'll just stop trying to suppress it.

>>3975096
Hard to know. Maybe those whales are rich already and this is 1% of their portfolio, a loss they can easily write off. Or maybe the pump will happen, but in Q3 2018.

In my opinion the fundamentals are good, so I don't think this is the end.

Sorry about your bags, anon. Are you holding until the fork's over?

>>3975111
If he has 1m tokens in a 10m token environment, he has 10% of the total market. If he has 1m tokens in a 2m token environment, he has 50% of the total market. Higher % market share gives him more control over price action, since there is less organic activity (and less other whales) to compete with him doing what he wants.

>>3975111
More tokens would mean more liquidity, also more stakeholders, which makes price manipulation more difficult to pull off.

>>3975152
But all other whales could do is lower the price. At least this way of he gets overconfident and lowers it too much he could get bought out easily.

>>3975152
Exactly.

>>3975185
That would require a lot of money coming into Link. With no news, no extra exchanges and the Bitcoin fork just ahead, that's just not going to happen.

>>3975185
Yeah but I think a moneyhat would have to be a bit slow to buy that heavily into a coin that just passed its major announcement period, and is only dropping.

>>3975270
I'm fairly certain that no announcement would actually do anything to it's price. Even if they announced total integration tomorrow it wouldn't moon.

Will be interesting to see what happens post fork. With no news I can see this bleeding out further till then. Hopefully a few whales take notice and invest heavy in this.

But why would they? There is only 1 exchange and all LINK is going to the Chinese whale atm. Seems like suicide to invest a lot now.

>>3975329
The new exchange would be a breath of fresh air.

>>3972685
literally this

thank you crypto you are a great person

Someone just set a buy wall of 350K. If it's real, the bleeding should stop for a bit.

>>3975805
Thanks! Remember me when you're rich.

The only gains made this week were to Sergeys waistline.

>>3975822
It's there so he can sell before it goes even lower.

>>3976384
He brought it down, then back partly. It's all fake walls and bots.

What a ride...