/biz/ - Business & Finance

>>49852967
A more interesting question might be what price after it's released

>>49852967
$0.07
as much as I despise simeon I think he was right when he called it

So they tanked the whole market right before staking to get their grubby mitts on the weak willed marine’s linkies

stinky will be worth 0.01

$7.77

It's probably gonna be a "sell the news" event.

Any thoughts?

>>49852967
$5.89

>>49853507
>It's probably gonna be a "sell the news" event.
I know this is a thing with a lot of projects out there, but are people really this retarded to be selling after staking is released?

>>49853507
this is a question a gpt-3 bot would write
your brain literally operates like a bot
think on this

>>49853507
My thoughts are that nobody actually cares anymore. It's just algorithms moving money around based on perceived risk/reward ratios. The business model doesn't matter, the features don't matter, what the devs say or announce doesn't matter. And it makes sense, just think about what this project does, it provides price feeds and random numbers so people can gamble with them. Does that sound like a billion dollar business to you? Be real.

>>49853103
Imagine if Sergey wanted to specifically make sure the CeFi lenders who had fucked him for 2 years didn't get to carry their LINK stacks into the new paradigm.
NEXO and Celsius insolvent then LINK to $1k would honestly make the last two years worth it.

>>49853672
This actually sounds like a plausible situation. Considering how good he is at 4D chess.
Would be quite funny if the CeFi fucks get liquidated and insolvent as LINK goes to $1000.

>>49853644
It's one of those things that people still do purely because they think other will do it. No there is no reason to actually sell, but it generally happens.

>>49853672
If that happened, I’d die a happy man.
What an end to this last half decade that would be.

>>49853672
This is possible sir gay redemption arc and I would love to see it

>>49853759
Doubtful, he's not even able to pick out shirts that don't look like his grandma made them from her old bedsheets.

>>49853662
Yes, because the current financial system is just like what you described but there’s no guarantees. Chainlink provides guarantees so the current ponzi financial system of musical chairs isn’t something you’re forced to play.

>>49852967
They said staking in second half of the year. So no staking is unlikely to come tomorrow. Maybe news on ccip or enterprise layer.

>>49852967
I REALLY want to buy LINK right now man but fuck sake it won't go down god I'm panicking ffs

link is a bigmaconomics stable token

Is 20k link enough?

>>49855541
My god anon get yourself together. If you're splitting hairs about $7 link or $5 link you don't know what link is and your will is so flimsy you won't hold long enough

the absolute state

>>49852967
what is the price of link when sergey announces SN=SN

>>49855849
It's now $10AUD and it was recently $8AUD. I just want to get it for that price and hold for years.

>>49855541
it's been bouncing around 5 ~ 6 for weeks, wtf is your problem.

>>49852967
Well tomm is 21/6 so yeah its a decent bet.

>>49856042
Anon I am afraid you are NGMI. Sorry fren.
This game you're playing, this bargaining you're doing, will come back to bite you in the ass down the line. Even if you buy now, with this type of thinking, you're going to bleed linkies through the coming months/years. If you don't have the sense grab this opportunity by the balls ASAP over what it literal static in the price, you simply don't have the conviction to hold "for years"

They expect some of us in the wreckage

>>49853672
if dubs it happens this timeline

>>49852967
one million dollars

>>49853644
CeFi is that retarded yes.
They keep selling and shorting more despite the staking news.

I don't have the numbers but there should be less than 90 million LINK on exchanges and this doesn't mean people are planning to sell those tokens.
The missing liquidity from CeFi platforms is at least 10 million from what we can see having been sold in the last 3 months, but if they sold LINK before this to buy ETH for stETH and have been shorting LINK for more than a year then the missing LINK liquidity on these platforms may be 2 or 3 times bigger than what we can currently see.

Imagine CeFi trying to buy 20-30 million LINK tokens now.
They are bankrupt and keep adding more shorts so that they can die in a big explosion when this explodes in their face.

>>49856569
pure copium

>>49856782
Why the need to react to my message with no argument?
Does this truth hurt you?
Are you working for a CeFi platform?

You just need to apply for another job somewhere else.

Is there a presentation scheduled for tomorrow or something?

>>49853672
here is my schizo theory. all of these protocols that are collapsing made lots of money shorting link or facilitating the shorting of link over the last few years because link had no inherent mechanism to reward holding onto the token. Everyone wanted to earn something so they lent their link which resulted in consistent, low risk short opportunities. Its why we all started noticing that the market would dump on links good news: if link appreciated it would threaten open short positions. Luckily short sellers could just borrow more link to short with if the price started moving upwards.

The release of the staking road map was very odd. You'd have expected that kind of news to come out at consensys, but they did it a few days ahead of time. Why? becuase the team is completely aware of the market manipulation targeting link and they new that they were trying to dump it again at the conference. By releasing staking news chainlink has caused a cascade of events to occur. Liquidity dried up as people started pulling link from protocols in preparation for the coming staking release. Since all these protocols were lending out this link, these withdrawals triggered buys in order to cover. These buys started threatening short positions, so some of the more decisive ones decided to close out their shorts. All of this resulted in a number of well known protocols testing their stress limits and exceeding them, resulting in a further cascade of withdrawals, buy backs, and short closures. And more to come this week.

Now wer'e in a down market, various big name protocols are collapsing, and btc and eth are crashing into an apparent bear market. And in this milieu link is going to undergo weeks of green days in a sea of red. Obviously the market will react and sell btc and eth for link in an effort to minimize losses.

Its absolutely magnificient. Sergey and Ari gave defi enough rope to hang themselves with, and will use their collapse to jump start the singularity

>>49857206
Makes a whole lot of sense to me, Anon.

>>49857206
This is my headcanon and nobody can change my mind.

>>49857206
It's funny cuz it's true

>>49857206
I mean that's not a theory anymore, so when do you think link suppression began? How far can we trace back the manipulation?

>>49857543
we saw dumps as early as main net

About 3.50. The price of a cup of coffee.
The bullish thing is that coffee prices are souring

>>49853644
people have been holding for staking for 4 years now
why sell when it finally releases?

>>49855827
Two suicide stacks is not bad

>>49858138
You aren't going to sell the staking release pump? Between initial staking and version 1 will be 6-12 months. Another pump when version 1 launches. Unless you think price will just slowly climb until version 1, in which case you're wrong. I intend to buy back after the .1 pump. Collecting 5% for a year isn't worth not selling the release hype.

>>49858138
Anyone selling Link right now is an absolute moron. This is literally the best possible time to be holding. Sure you might increase your stack by swinging because of market conditions but this is easily the riskiest time EVER to do so.

$100 eoy and that's on the low side honestly.

>>49857206
Bro that's not even schizo, that's just a practical theory

>>49856569
We used to be able to track the tokens' movement through viewbase and app.flipsidecrypto.com. Somehow that's gone now.
>>49857206
You might be right, anon. That seems to fit the current situation perfectly.

>>49857206
problem being, at least short term: if a lot of CeFi, that makes use of DeFi, tank, then you get explosions like BNT is currently seeing
add in shit like SOLEND outright literally hijacking a whale's wallet, and i suspect shit like institutions that would have been using DeFi are likely going to doubt this shit where before they had interest that would have driven CCIP use
or, at least, that's my guess on it

>>49856375
>They expect some of us in the wreckage
kek was ari basically telling us that by wearing the mask the other day. not directed at people on the sidelines rubbing their nickels together but maybe alluding to the whole bancor situation

>>49858264
Bro I’m never going to fucking sell lmao

>>49858264
Literally haven't sold a single LINK since I bought around $1.30 or so
had been selling my ETH from staking rewards the past while and cashed out decently large quantities (in the area of $4k a week, for months) to have a large cash buffer, now in the low 6 figure range post-taxes, to last me easily for multiple years
i'm not going to fuck around trying to swing and miss out on staking my man

>>49858285
past several weeks, around early-ish May to early June, I DCA'd into link with about 1/2 of weekly ETH staking DCA's out, and netted about 1100 more linkies or so, bringing me into the 13,000 range
here's hoping 1,000 LINK was the make-it stack all along

>>49857064
Bumping this. What's the occasion? I can't find any reference to an actual event.

>>49858508
someone meme posted "as Ari" saying something on 21/6 (21st of june) and been meme'd since then

>>49858508
Nah, two more weeks

>>49858536
Oh, I actually saw that post. I didn't know it gained traction here though. Thanks.

>>49858343
just in time for cbdcs and JPmorgan chain, wouldn't you say?

>>49858648
could be
this vid talks a lot about forex trading, which is a massive market in terms of daily volume, so who knows
https://www.youtube.com/watch?v=q4Vpk99VpsM
>posted literally about 2 years ago now
>only 2k views so far

>>49852967
people still believe in the staking meme?
there's zero reason why staking should generate any return
it's just a trick so you can't react to a rugpull

>>49858772
It's fearful.

>>49858701
well the thing is, defi wasn't the use case we bought link for back in the day. It was always, SWIFT, derivatives, insurance, ect. We anticipated that like most new tech we would start with the most expensie use cases at first and then as new efficiencies were developed we'd acquire new viable use cases, sort of like how cell phones were for ceo's in the 80s but now everyone has them. Defi was a a pleasant new development, but in the recent reckoning i think we're better off without it in its current state.

>>49853672
yes please

>>49852967
>when staking is released tomorrow?
What?

>>49858887
its actually happening

T O N I G H T

>>49858820
that's true also
it's one thing i'd heard the most recently was institutions/banks wanting to use CCIP to make use of defi so figured that'd be the most large driver to start, to keep nodes profitable
but if serg is subsidizing that 5% with his own stash then likely shouldn't matter as much during the v0.1 term
when v1.0 hits it'd matter then, so likely the less defi demand expected the longer it'd take to switch to v1.0 since i'd expect nodes would still be expected to be profitable for v1.0 to come out

>>49858536
It was really ari

>>49858960
large if verified

>>49858264
I am selling, because my wage cannot cover my expenses and I have been selling small amount of link for bills, etc for the past three years. I regret not selling enough to cover these expenses at $50 as I have had to sell much more than I would have otherwise (its still piecemeal in relation to my full stack, but why sell more than you need to right?). This time I plan to secure 1+ years worth of additional funds in order to not sell over that time. Yes, it is very underwhelming selling link to pay bills, thanks for asking.

>>49857206
This is the true reality we live in. I feel like I have lost my mind over the years. I cannot truly what is going on in my mind. People ask me "Whats new man?" And Im like "Uhh uh not much man, just jackin it. wbu?" But in reality this is the shit going on in my mind, consuming 1/3 of every thought in my mind. Wouldn't change a god damn thing.

30k link, I'm gonna make it aren't I?

OHHHHHHHHHH WE PUMPIN BOYS. ITS THE BATTLE OF SEVEN DOLLAR HILL

>>49859250
I'm with you bro. Old linkers never die, we just lurk away.

>>49852967
>staking is released tomorrow?
I just got out of a coma, is this really true?

How many of you people started buying at a lower price than we're at now?

>>49859889
Yeah tomorrow is unironically the start.

>>49859963
50 cents for me

>>49857206
The pre-announcement of staking pretty much confirmed they rugged the short crew. They had the pattern down of pumping events, dumping after. Sergey made sure they got rug pulled before Consensus, especially the fakeout of not even appearing in person

>>49859963
I bought at .17 and .34 respectively. At least the majority of my stack. Im always buying, especially at these prices.

link/eth bouta break out gentlemen

>>49859969
where can I read more about this?

>>49852967
It’s common knowledge that 90% of LINK OG’s came from /pol/, and are thus unironic Nazis and extremely racist. This is evident when you look at the chats whenever Chainlink presents at conferences such as consensus or smartcon. It’s always N word this, N word that.

I personally don’t want to put my money into a project like that and keep that sort of company. Moreover, I question the intelligence of people who shill LINK given their backwards and racist political views.

>>49858772
What does staking and CCIP bring to the table?

>>49860311
staking gives use to the token via yield, plus allows both NEET Nodes (confirmed by johnny of linkpool), as well as making the entire super linear staking happen via massively more nodes which need collateral to be viable
CCIP should drive a lot more use out of the network and there by node revenue

NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER

>>49857276
when it happens I'm framing this picture

>>49853672
sergey could then use the fall of Celsius / nexo / blockfi as examples of why decentralization is important

Is the short squeeze at $9 still going or has it been canceled?

>>49859963
80c

>>49857206
Ive held this for 4 years and im absolutely convinced the team dont give a shit about price and actively work agaisnt it going up

>>49858398
Staking has been my safe haven ever since I joined this space in early 2020. I have my UBX, LOX, and BNB staked. The bags are heavy enough to give me an early retirement in the bull run.

>>49861418
The Okex wallets added more ETH collateral on Aave to hide their weakness.
However it just hides their weakness behind their private accounting.
10 to 30 million LINK have been sold to the market at various prices and at least 10 million in the last 1 month.

The Okex wallet will be at break even at $9 even without liquidation and will lose 4$ million for each 1$ prince increase in LINK. This can cause a forced liquidation and buy back attempt on the platform which we cannot see.

The same thing for Nexo. They sold 2 million LINK in the $6-7 price range and are losing their remaining LINK at a fast pace due to customers withdrawal.
Losing $2 millions per $1 increase at current prices.

Celsius sold 1 million LINK on FTX to dump on the staking news from $9.5 to 6.3
They tried to dump 6.7 million LINK but gave up after we found out about their token movement and moved it to Aave instead.
They still have 1 million left on FTX which they may also have already sold as they only moved 5 millions to Aave from the 6.7 millions they deposited.
We don't know how many tokens have been sold since last year without having been bought back.
It could even be in the 30-50 million token size for tokens their users deposited on CeFi.
All these short sellers will be in extreme pain the closer LINK goes to $10 and exchanges will initiate liquidations on some of them at that range which will dump BTC and ETH while pumping LINK.

The result will be that most of CeFi platforms will have to declare bankruptcy sooner or later and will try to lock out their users from accessing their funds.

>>49858423
>here's hoping 1,000 LINK was the make-it stack all along
what are the odds of this?

>>49861574
100%

>>49853672

He has stockpiled so much cash he can ruin them if he finds them when weak. If sergey did a strategic token buy back for investment into the protocol reserves at these bargin prices, and it just so happens to be on the day the CEFI kikes do their last all out short attempt by dumping 10million LINK?

Opps.
They’d never get the tokens back, liquidity is already rapidly drying up, users are withdrawing their LINK like crazy from Cefi(check on chain) Interest rates are skyrocketing for borrowing LINK. They will be bankrupted.

>>49856569

We dont know what their liabilities for Link look like anon. They could have liabilities of 10 million Link, plus even more in debt, and only hold 2-4m.

Consider just how long they were shorting this and how long LINK has been cheap liquid token for a carry trade(cheap as in costs almost nothing to borrow all last year). They likely used it as collateral for other shit, borrowed it, sold it immediately to buy other shit. Like anon said it could be why BTC always dumped to nip LINK rallies in the bud. If their all exposed to it its not good.

Now that would explain why they are doubling down with this short. They have absolutely no choice. Its either get that LINK back by dumping it or suppressing it for much longer or start a chain of events to bankruptcy

>>49852967
The Top 3 Possible Chainlink-Staking Outcomes:

1.
>staking finally arrives
>unstaking requires Level 70 VAXXPASS™

2.
>mandatory staking
>lock-in period: 3 years
>may never unstake

3.
>no staking ever comes
>the Great Reset is dead on arrival and Chainlink goes to zero

>>49852967
What I have witnessed with Link is PURE AGONY. It all started when I didn't sell in 2019 pump to 5$, then didn't sell the pump to 20$, didn't sell the pump to 50$

Now I have sold and I still feel that pure pain, it's like my body is screaming in pure PAIN. I have learnt meditation to deal with it, cause I couldn't bear it

I have 301 LINK, can we please lower the price to $1 so I can get a make it stack? thanks frens

>>49861864
CeFi operate with accounting fiscal years meaning they start over each year with a new 100 basis for their operations.
We know Celsius managed to make losses during the bull run.
This means most CeFi platforms were not profitable last year or are barely at break even.
The result of this is that we can ignore the profits they made from shorting LINK last year because that money is already gone.
The reason why they are trying to short LINK again is because they are losing money massively this year and are trying to reproduce what allowed them to make billions last year with the incorrect belief that it can work again because it worked before.

This means we can ignore what they did last year and focus on how they shorted LINK this year to get a better picture of their financial state.
The only exception would be if they were short LINK last year and never bought back those tokens which is very likely. In this case it would add to their liability.

Because of the continued losses this year in the crypto markets CeFi platforms are not liquid enough to repay all their debts and are in a position of weakness.
There last failed LINK shorting attempt backfired on them and they spent a lot of effort on it which means they were desperate and were planning on making a lot of money again to recoup some of their losses.

They already sold 10 million LINK in the 7-10 range and probably have 10-20 million of added hidden liability, and were planning to dump another 10 million before we found out Celsius's transfer of 6.7 million tokens to FTX.

They were expecting to make 4-5$ on 20-40 million tokens through this short which would be $100-200 millions.
Instead they are going to lose money now and their only option was to force their users into HODL mode while they gamble with their users assets against them to save themselves.

>>49859250
>>49859841
Join the next Hackathon and make your obsession into something productive

The government doesn't care about anything at all except control of the labor to appease the entity and that's it.

>>49862783
i'm sky yacht anon. Airships and biodomes are my contribution.

>>49861574
You tell me. The one thing I know is that I am not selling.

>>49853507
But then what was the rumor?

>>49864831
municipal marmalade makes mustafa mad

>>49865851
Cringe tranny discord fag

>>49857206
cant wait to do a Linkedin Post saying "I was right all along for the past 5 years" and change my job title to Retired

>>49866208
“I was right to sell Bitcoin under $10,000”?

>>49866356
if you had bought below $100, sure
imagine being such a greedy cunt and not selling BTC at $10k because you wanted $60k

>>49852967
You pathetic linkies should sell this baby dicked dead nigger bounce while you can still get ANY real money out of this russian vaporware scam token. Actually, it would be funnier if you disgusting animals held to zero, I very much ENJOY watching you insignificant vermin SUFFER.

>>49855541
What are you doing Anon! Just buy LINK! Then you can imagine resting your head on Nico Yazawa's soft thighs whilst she whispers insults in your ear and rubs your shoulders. Just imagine rubbing and massaging her belly with lotion getting her womb ready to be impregenated with your SEED. OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

WE ARE ALL GOING TO MAKE IT, DO NOT UNDERESTIMATE THE POWER OF POSITIVE THOUGHT, ESPECIALLY COLLECTIVE POSITIVE THOUGHT. THIS SHIT IS GOING TO $1000 USD EASILY, KEEP THIS IN YOUR MINDS EYE.

$1000 USD EOY MOTHER FUCKERS.

>>49862749
You painted a very clear picture anon. Thanks.

What can we expect from here on out? Provided the same opacity with regards to their (CeFi) books. Is the noose tightening around their necks? What can we (as individuals) do to tighten it even more?

I hold 12k LINK in my wallet and 1k in Coinmetro btw.

>>49866208
>making it
>still having a LinkedIn profile after

You have much to learn anon. Get a grip before you make it, there is no point in letting people know you are rich. Just enjoy your wealth and LIE out of the ass.

>>49861573
what if Link doesn't go to 10$?

Meanwhile people on reddit are buying CEL tokens to short squeeze and help them out.

How retarded you have to be to help people who robbed you

>>49866412
I bought as soon as it was legal for me at $300 :(

>>49866704
>>49867132
What if this talk of ammo for massive short campaign at $10 is Celsius/others trying to generate resistance at just below $10?

8

>>49852967
>staking is priced in
>market will shit itself tomorrow to suppress LINK again
We cant have 100k BTC until LINK dies

>>49853656
How do you think the bot was trained?

>>49853672
>permissionless
>decentralized
>sergey deciding who gets cucked
?

>>49867549
>crypto
>decentralized
pick one

>>49853672
Instead of small pumps its just immidiate bag holder rapture and we rip up to 50

>>49857206
Is this real life

>>49861573
game theory says that anyone who has their funds on any of these exchanges should withdraw immediately. the more withdrawals, the more potential for a short squeeze and massive profits. if you don't withdraw, you risk the shortsqueeze happening anyway and your funds vanishing when these services go belly up. anyone who still cares about whatever yield they're being promised by these exchanges is mentally deficient, given what we've learned over the last few months. the ONLY winning move is to withdraw, as doing so both protects your own position while potentially liquidating your enemies and giving you massive profits.

>>49867549
>Chainlink has to sit there and get fucked by everyone else and never respond in kind because permissionless or something

>>49868670
>permissionless decentralized truth machine
>controlled by one man
my sides

How important is the use of TOR browser when you trade with crypto? Do you use it, whats the risk? seems like a bit of an overreaction to thing the state is gonna take it all away from you, dont you think?

>>49868455

>>49870001
NIGGERS, JEWS…
…BAD NEWS!

>>49868455
Which wallet should I use?

>>49870828
Your wallet doesn't really matter, your opsec does

>>49870828
any hardware wallet, you will have to do a little research to figure out which one you want. just don't use metamask.

>>49870883
to be clear, you can use metamask with a hardware wallet fine, i just meant don't rely on metamask only.

>>49870867
Where would a retard go to teach himself best practices/course of action?

>>49870924
For a retard your best bet is hardware wallet like ledger or trezor. It's bullet proof as long as you secure your seed phrase.
Otherwise cold storage with some air gapped linux distro with encrypted partition and clone this and geodistribute.
I don't have any resources to point you to, sorry.

Practically speaking, why do you think they will release anything when the whole thing, except the initial concept and idea, were flawed?
Break free anon. Move into API3. It will be the best day ever for your rugged ass

>>49871986
>single APU3 shill still trying to peddle his bags

Lol
Lmao