/biz/ - Business & Finance

Also, with 7 million USD volume per day, why the fuck are the bid/ask spreads so large?

>>4776304
It mooned for literally no reason, I think people are realizing that now.

BAT does the same thing, and it has roughly the same marketcap.

It's a conspiracy

>>4776342
This wtf, it jumps so much up and down in minutes

>>4776304
>Why can't LINK sustain a run?

Isn't that obvious? Majority of LINK traders are from /biz/ who will always instantly jump to sell whenever their shitcoin raises in order to buy more later. It's a neverending cycle

The fuck you guys talking about. It was 14 cents last week .0003 ether. Now it’s fucking 23 cents. Again, what the fuck are you talking about. Buy the dips you idiots

>>4776304
I see lots of bots on binance selling/buying 20 linkies in an effort to... I don't know...

>>4776380
Yeah, it's crazy. 1/2 percent of the daily volume can move the price up or down 5%

>>4776456
fucking this

>>4776304
No product or service or news. No real value.

>>4776456
I don't know if you've noticed, but most cryptos actually go up decently when they gain some momentum. ChainLink falls off every time it tries to get up. Something is wrong with it.

>>4776488
Do any cryptos have any real value? They're all pieces of shit, but at least when they start moving up, they can sustain the move for a decent gain. CL can't do this for some reason. It's weird. I need answers.

>>4776499
The chain is too heavy, dragging it under.

>>4776304
It's at fucking .23 whereas it was .15 only few days ago. Chill you cucks.

>>4776523
>I need answers.
Maybe the answer is within you, anon.

You were expecting it to climb a few cents every day until your rich? There's no news, no rumours. It's up 30 percent since btcs 10k run. It's still slowly going up.

You fucking idiots. It's whales and smart money accumulating. Volume starts going down, price follows, we hit the bottom at 10-15 cents, whales start buying, biz fomo buys and posts lambo pics, cycle starts again and goes on until the main net is released in Q1. We moon in Q2 when there's major partnerships released. Buy high and sell low or too early

I'm new to TA but this shit should increase tomorrow or the next day. If there's no major news.
>>4776667
It's been falling since last month.

Why, why why whyy are people still holding this shitcoin? You can buy back literally the second it seems bullish you know.

>>4776523
Because cryptos move on news. There is no news and hasn't been since deacon. The people causing the volume are trying to acquire more link by selling low and buying high while the bots buy low and sell high. It broke past 20 cents at the start of december because people are expecting good news this month.

>>4776713
Decent explanation.

>>4776737
never sell always buy link

>>4776713
and what are these bots up to? pic. related. They show up all the time.

>>4776499
You have TONS of people from HERE that bought in at the .40 - .50 range. The ones that didn't understand the concept of stop loss, will desperately exit at the first sign of any upward movement. When analyzing any crypto you have to figure out where most of the market cap came from and the envision what you would do in their place.

>>4776906
It's is a utility to buy or sell in increments to allow others to keep the price stable. It isn't exactly malicious, almost the opposite really.

>>4777075
the tought it might stabilize the price already crossed my mind (since it's buying and selling; or maybe those are different bots/actors?). Still funny to watch.

>>4776304
Actually, we've started to climb up again
Just bought another 700 LINK
Feels good

>>4776737
Cos I dont trade 24/7 to time dips and moons

>>4777158

I just bought a thousand more to take me up to 19k a minute before I found out sergey might have cancer or aids. Wtf link is an emotional rollercoaster like no other.

>>4776304
>Why can't LINK sustain a run?

Because the real buyers (Banks and Institutions) haven't bought in yet. Anyone that expects LINK to be valued based off of exchange investors is retarded and has no understanding of the product. It's a long term hold with a potentially massive payout in the coming years.

TLDR;
LINK will only take off once the 11,000 banks under SWIFT start using the system processing trillions of dollars in transactions a day. Sergey cares about his actual customers, not small investors.

>>4777192
> cancer or aids
Y not both?

>>4777144
It benefits them as it yields a more favorable price than a lump buy or sell, it also triggers The margin bots to fill the voids when one price point melts away.

>>4777208

I don't think that's true at all. Speculation is pushing coins that are further behind in development to market caps multiple times what LINK has right now. It's not sustainable but there's probably a lot of money to be made before the product is ever actually used.

>>4777208
>asks money from small investors
>doesn't care about small investors
really made me think

>>4777270
This
The closer the release, the greater teh FOMO

>>4777301

If you read his reddit posts, sergey seems very conscientious of the fact that a lot of these products could be funded entirely by VCs but he seems driven by the egalitarian mindset and ICOs allow everyone to make some money.

>>4776348
>no reason
Hehehe

>>4777301
except the pre-sale had a minimum buy-in of 100 ETH, excluding most small investors, so...

>>4776618

I need it to hit 14 again so I can buy in

>>4777008
binance has no stop loss functions yet

>>4777377

Isn't a limit sell the same thing? I may just be showing my ignorance though.

>>4777403
You can't enter a limit sell order for lower than the current market price.

>>4777333
Or you know, lose money like everyone did even if they invested in the presale.

If we're talking BTC/ETH value, it's under presale price.

>>4777363
Except they allowed everyone to pool in and they didn't punish anyone who didn't follow the rules and went over the limit.
There are hundreds of biztards who bought in with their pocket change.

So what do you guys think the returns'll be from staking your LINK in a LINK pool? I'm hoping it's at least what you would get from staking Ark.

>>4777460

>>4777377
>>4777403
There is no stop loss function, hence "the concept of stop loss". You see a protracted downturn coming and you bail. They didn't do that and they are now links biggest liability.

>>4776304
people still talk about this lol?

>>4776304

Because almost all of the volume is on a single exchange that is heavily manipulated. That's why everyone wants it to finally get listed somewhere new.

>>4777512
I think it won't matter unless they literally release the main net and have a big data provider/customer all by the end of Q1.

Node pool or nodes in general will be useless if there's no one to use them right away. I feel like we're far away from mainstream usage and this pool talk is way too early to discuss in detail.

>>4777515
What's wrong?

>>4777589
Oh wait it's not under ICO in ETH?
I only looked at BTC.

But still even if you held ETH you still lost 50% of BTC value since presale.

>inb4 dollar value cuck

>miss 0.00045 (Link/ETH) dip today due to faggot pokemon kitties
>wait whole day and evening for next dip
>finally buy ~10k linkies at 0.000474
How did I do? Am I going to make it?

>>4777270
Of course, but you're not going to see $30 LINK based on that alone. You can make some decent returns, but not moon money. It's the actual implementation of the system Chainlink represents that will make huge profits. LINK is literally the rebirth of smart contracts that will be used by EVERY business.

>>4777301
I mean, he doesn't really need us. The value of LINK will increase primarily as more businesses use the platform for smart contracts via blockchain. People like you and me aren't actually going to be "using" LINK. We're just holding it until those that need it will.

>>4777008
Confirmed that most of Link Hodlers are bizraelis. For all the Fud an shilling this coin has there are only 14k addresses that have Link. Biz is an Echo chamber for link and thats it. Its pretty much unknown everywhere else.
If Link ever takes off plebbit will buy our bags at $2 or more. If it fails the Wojaks will be Legendary. Im here for the ride either i make it or break it

>>4776304
Be thankful for the bears and accumulate.

post the sir gay with the visor

>>4777770

+ Officer Ranks
- General of ChainLink: General Sergey Nazarov
- General: 500001+ LINK
- Lieutenant General: 250001-500000 LINK
- Major General: 175001-250000 LINK
- Brigadier General: 125001-175000 LINK
- Colonel: 75001-125000 LINK
- Lieutenant Colonel: 50001-75000 LINK
- Major: 35001-50000 LINK
- Captain: 25001-35000 LINK
- First Lieutenant: 20001-25000 LINK
- Second Lieutenant: 15001-20000 LINK
X<><><>X<><><>X
+ Non-Commissioned Officer Ranks
- Sergeant Major: 10001-15000 LINK
- Master Sergeant: 9001-10000 LINK
- Sergeant First Class: 7501-9000 LINK
- Staff Sergeant: 5001-7500 LINK
- Sergeant: 3501-5000 LINK
- Corporal: 1501-3500 LINK
X<><><>X<><><>X
+ Enlisted Ranks
- Specialist: 501-1500 LINK
- Private: 1-500 LINK

>>4778319
Captain looking to get a promotion to Major here. Just waiting for Bittrex to stop holding my funds hostage.

>>4778282

>>4778319
>that promotion
woohooo, let's party:
>>4778362

IRON HANDS BOYS

>>4778372
>>4778364
Party time is Christmas time.

>>4778368
praise sir gay