/biz/ - Business & Finance

No, not other than eth. Eth not needed.

keep chasing sergays carrot stinkies
just two more weeks for steaking
$1 eoy

Except it went tits up for them as this leverage explosion happened. Its also now CONFIRMED IN COURT that Celsius didnt even keep track if user interest owed in the underlying token, just USD value at the time. They cant pay back these obligations. This is the type of debt they can bankruptcy to avoid but the implications are clear incompetence and certain mismanagement of their above mentioned carry trades which are FORCE liquidated.
This is why we have seen on chain evidence of desperation lately and all last year. If LINK were to pump against the market significantly it wouls have BLOWN THEM UP. So they had to nip every rally in the bud by dumping LINK and BITCOIN too. Its no issue to dump their BTC holdings to squash a link rally if it saves their entire operation from liquidating due to over exposure to LINK debts.

They are fighting desperately right now. The robinhood listing we immediately saw Celsius send millions of LINK (they havent much left btw, and they cant accumulate more now due to users not depositing and it not dumping enough for them to buy back cheaper without causing a rally) to desperately kill the rally followed by a small 2% BTC dump to aid them(usual tactic).

NEXO have seen almost 2 million LINK withdrawals from users, which has never happened to them before. As a wallet autist i saw they even withdrew 400k link from binance directly to help cover these which they have never ever had to do before. They are in trouble and cant afford to pay everyone back if this continues. They also seem to have debts which will be force liquidated.

2/2

>>50249063

Here is an example of them spamming biz.

Literally all LINK fud over the past 2 years has been them. They come here to protect their positions. The CEO of Celsius even worked close with Sergey on CCIP for the sole purpose of having insider information to protect their over exposed link leverage to the short side.

Many of anons as mentioned above suspected collusion between NEXO/Celsius/Cefi and some thought AAVE was the rat. Turns out it was Celsius which in hind sight is very obvious.

They are a PARASITE which has drained the vitality out of the Project for some time. They are at their weakest currently and extremely vunerable to LINK pumping against the market now as they have almost no room to prevent it as they see either mass withdrawals from users in Nexo case, and halt of new tokens being deposited, and inability to buy back cheaper tokens after dumping what little they have left to protect themselves when it pumps.

>>50249109
So what price do they get holocausted at, and what actually happens if they do?

DR;NS
Nexo is in solvent

>>50249065
It’s creating the perfect storm for an insane August-October price explosion.
If staking/ccip/smartcon generates any kind of rally at all, it’s going to trigger the downfall of these assholes who’ve used Link to fuck over their customers in the most disgusting way possible.

The funny thing is it was just a matter of time before Link started to pump and gain momentum, but a bunch of low life short sighted organizations decided to manipulate it to hell just because they had access to it for low interest.
The cornerstone of the burgeoning crypto/defi 4th industrial revolution being fucked with like flies on a horse’s ass that’s going to get swatted but it can’t help but try to eat the filth it’s attracted to.

This whole thing is like some surreal Coen Brothers movie complete with the bumbling bad guys and absurd plot lines.

toucan needed

>>50249156

I would estimate complete holocaust would start at $12 if BTC stayed the same price. It would likely violently puke up till double that before settling and having these parasites completely gone and their control over LINK over.

Judging how desperately Celsius tried to kill the robinhood rally it could be more like $9-10 however.

>>50249231
I look forward to leading them towards the ovens, both metaphorically and literally.
Is there an opposite end of the spectrum where there's still some way for them to get out scot-free?

>>50249186

Be aware a bunch of midwits on biz or more likely Celsius/Nexo shills who are desperately trying to stop anyone beliving they can be squeezed are spreading a narrative of “their Link debts cant be squeezed they will just plead bankruptcy and people lose it instead”. This is extremely incorrect and it’s evident they are simply trying to stop what they fear(a whale or someone counter trading them here while they are extremely venerable like never before.
They(Celsius, nexo, etc) have debt on CEX and Defi which causes FORCED LIQUIDATION.
They cant declare bankruptcy to avoid being liquidated(and the liquidation engine buying assets) on Binance if their short goes the wrong way. They have absolutely lots of these positions which is they they desperately kill every LINK rally by dumping some BTC holdings temporarily.

They can back out of some of their debts to users who deposited no problem but they went full degenerate and have debts on CEX/Defi too which cant be avoided.

Their recent courtcase proves their utter incompetence (they tried to demand money back from a firm they hired to do Defi trades when they had Impermanent loss, not understanding what it was) and Nexo it was leaked, has ONE MAN IN CHARGE OF TRADING, and he always sends tokens to BINANCE so clearly has massive positions on CEX which the engine FORCE LIQUIDATES = BUYS if Link pumps against them

>>50249247

They only escape from this if LINK can be dumped to $1-2 by my estimates and stays there for months and months with huge liquidity so they can buy back and erase their on Chain and on CEX debts and remove liquidation potential. Not happening. They are desperate now and as have been proven incompetent probably just buying time to profit as much as possible before they rug their users and run off with what is left. Once LINK pumps its over and they cant scrape the last scum off the top before they run away. The CEO of Celsius was already caught trying to leave the country and stopped at the airport.

>>50249291
So assuming the big players know this - whales, CZ, SBF. do you think they are planning a short squeeze at some point? are they waiting for something?

>>50249387

I cannot tell you either way. However its not like they havent been vulnerable to this for a long time which begs the question why it didnt happen already even last year despite /biz/ pointing this out repeatedly. It’s possible these Cefi cunts successful muted all conversations on LINK through their shitting up of the board for 2 years. Hell its almost a given NEXO got squeezed in 2020 thanks to biz. They probably learned and its why they are here even now trying to screech how its impossible for a short squeeze to happen in crypto or against them and other transparent bullshit.

There could well be a counter trade already being set up waiting for the ripe moments. Unfortunately i cant say. All i can do is continue pointing it out as i have been for years. Its more clear than EVER now however and they have never been so vulnerable as now.

>>50249398

Next time i see twitter fags make gay images like this im definitely selling everything. Wish i could have realised it was a top signal in 2020.

>>50249090
celcius lol don't lump me in with those scamming pajeets
defi is a ponzi propped up by the chainlink scam
it's all coming down together

>>50249438

Why do you make it so obvious you’re a jeet from cefi shilling to save your employers?

Its just about the most childish basic thing ever to reply with “oh no i dont like those guys either actually” to try appear as if you arent with them.

Fucking retard. How poor are you to need to work for pennies?

>>50249034
Buying LINK this low again is honestly a god send for a swingie like me. Though honestly I think this market can go even lower. I do think however if Bitfuck crashes again Link will hold up better than it.

For those who are linkpilled and who understand the unwinding of the US lead world order. You can understand just HOW valuable having cryptographically enforced agreements will be in a world where the United States isn't maintaining global trade militarily. It isn't just that ALL forms of agreements will be codified on hybrid smart contracts. But rather it will be near impossible to have agreement be honored without the use of hybrid smart contracts.

Peak oil, the collapse of globalism, Chinese and Russian aggression will destroy the current world economy. Link commodifies Trust and Truth. in the coming world what could be more valuable? (Other than food, water, oil and guns?)

>>50249034
Fixed the image for you

>>50249421
I wonder if Sergey has intervened at any level. A squeeze liquidates a project he basically endorsed (Celsius), and hurts many long time holders. To allow the market to crash would piss off so many long term holders (including me).

No good options at this point?

>>50249458
celcius, nexo and whatever else with chainlink are all in the same boat of scamming people and the whole house is falling down just like satoshi said

Something as profound as Chainlink only comes around on planet earth once every 7000 years.

Literally written in the stars.

>>50249471

Clearly he doesnt care. Its been said so many times and is rather obvious to anyone who has any critical thinking abilities that Sergey doesnt fucking care about you like that. Sergey markets LINK as a aervice anyone can use, which it is. Google doesnt get the blame when a terrorist googles “how to hurt people” the same way Chainlink doesnt when stupid ass people use their services.
Sergey is going to promote use of his services no matter what. Too many people don’t understand the nuances here. If people come to him and say “we want help to build with LINK” as long as they seem honest why the fuck would he not endorse it.

That said, he wont have any affiliation for them. If they lose out from Sergey furthering the project thats their fault. He owes them nothing for their own mishappenings.
Same for any retards who gave their money to a ponzi scheme. Not his fault you lost your stack for being an idiot and its not going to influence his decisions.
Whats more likely is if he identifies an threat to this project he would rationally act to eliminate it in as much compliance to the law as possible, without regard for tards who lose their stacks due to it

>>50249511

So now you’re trying to look like a retard on purpose to save face? That makes you a retard still

>>50249429
Lurk more faggot, start back in warsou.

>>50249532
cope
i was hoping to see sergay in court but maybe it won't be needed
it's already collapsing on it's own

>>50249542

I’ve been here since then. Maybe you just didnt realise(like i didnt in 2020) that twitter normies had made those images, and just assumed(like me) ignorantly because it had pepe it was made on biz.

It was a too signal and there hasnt been any new ones made since

>>50249034
3% APY
and nexo is solvent btw

Praying for a dog days of summer short squeeze and future ari contracts for these degenerate cefi fucks

>>50249547
Disregard this obvious cefi shill. Good thread op, maybe a whale will come along soon

Celsius sent another 2,000,000 LINK to FTX 20 hours ago.

https://etherscan.io/tx/0xd7e7e6f8a2769680a99eee8955a9470b5ddddf0def41750c5ed61dfff91e2113

>>50249772
I can't believe CeFi con artists control so many LINK.
How many holders gave them their holdings? Even knowing they are borrowing them with leverage, it still boggles the mind.

Looks like they tried to dump it 3 hours later but something weird happened. Thats a strange volume spike on that hour. Maybe somone is finally counter trading them and swallowed their 2 million token dump attempt. That fucks them as it means it had 0 market price impact and now they lose their tokens.

>>50249793

I searched “chainlink celsius” on twatter and it shocked me how many are bitching about losing their tokens to them, and also talking about helping defend celsius against the shorters by buying CEL. I hope they lose their stacks.

>>50249814
Personally i think the bottom is already in. Staking 0.1 most likely this month as well.

>>50249772
Based thread!
I forgot to check, but this means they have only 2.2 million LINK left on Aave now.
After that their last attempt would be to borrow 10 million LINK from Aave which could cause Aave heavy losses if a squeeze happens.
But it's strange that the price of Chainlink didn't dump more with this amount of tokens.
Oh... When I compare to ETH and BTC those two had a pump between 14-15 hour UTC yesterday, but LINK didn't recover during the pump of those two.
It seems they sold those 2 million while ETH and BTC had their last pump 4 hours after the transfer to FTX and this is the cause chainlink is at its current price.
without this dump Chainlink may have gone up to 6.8-7.
The interesting thing is that its recovering now and going up compared to ETH and BTC.

It will be interesting to see what happens when Celsius runs out of tokens to dump.
Another interesting fact is that their customers lost all their Chainlink and this will cause added buying pressure when they realize this and start taking loans to get back some of their lost stack before they miss out.
This could be an interesting angle to advertise Celsius selling all their Chainlink, so that their users try to buy it back on their own to cancel the selling pressure.

Another idea is that removing liquidity from exchanges forces the exchanges to close some of the shorted tokens as they need to buy back if they are too negative in order to have something to send.

I have no idea how many tokens have been shorted in total, but it may be bigger than we initially expected.
Does someone have the glassnode info on the amount of Chainlink on exchanges?

One last thing about Coinbase losing 410 millions. I think they may have lost some of it because of 3AC or something similar but quickly closed it and took a smaller loss.

It's funny how all these serious outward facing entities like Celsius are literally just problem gamblers throwing good money after bad, with no risk management or anything.

>>50249793
They all deserve to lose it all

>>50249822
I've been seeing that on Twitter as well bancor and Celsius posts about losing half of their link stack. That's what you get

>>50249942
Celsius is ran by psychopaths who thought they would never be found out and had an infinite money hack.
Nexo has something similar too.

They shat up our board and our investment for 2 years.
It's time to get some payback and remove them.

>>50249899
Checked and may it prolapse the colons of these cefi degenerates

>>50249034
I finally have 200 LINK after working a few months

>>50249793
>>50249952
It's a funny denial.
They think that by pumping CEL this will save their investments and they will get it back.
The truth is Celsius is selling everything they own at this moment and they are giving them more time to sell everything.
They will truly own nothing.

Their last chance is to take their losses quickly and do everything they can to buy back some of their investments now.
Especially Chainlink.
If the final bull run and squeeze start they won't be able to buy back before higher 2 digits.

This will be the same shit as Mt Gox again but even worse.
This time they will wait years to get back some of their money which will be in fiat and will miss out on all market gains.

We really need to hammer and make it easy for them to understand that they hold no Chainlink even if it is displayed in their app. This can cause a panic buying spree.

>>50249997

They are straight retards believing bullshit that Celsius paid shills are feeding them.
Right now this is celsius plan:

Extort as much value as possible for themselves with all the funds they have left before they explode into either forced liquidation ok CEXs and Defi, and declare formal bankruptcy.
There is no intention to pay back users. mashinsky got caught trying to flee the country. All they are doing is extorting whatever they can for themselves while they can. Nothing more.

>>50249997
What would be the most honorable thing Celsius could do at this point (something they will never do)? pay off their obligations and and be honest with their users about taking a XX% loss? Do we have any idea of their debt to asset ratio? I see they've paid off their BTC loan.

>>50250020
That's why showing the transfers from Celsius to FTX and other exchanges as they sell the tokens would quickly dispel this illusion.

By the way I heard that they sent tokens to Binance but only saw transfers to FTX when looking at the transfers on Ethereum.
Does someone have wallets or TX related to Celsius transfers to Binance?

Such a stupid thread.
Celsius sold the vast majority of LINK handed to them ASAP while shorting (open short, dump massive amount of LINK and some BTC to drive the nail deeper, close short, liquidation opportunity ends here). Whatever open positions they have currently won't push LINK above $15. There will be no short squeeze candle to $100 or whatever bullshit you're trying to push. I hate fucking liars so much.

>>50249997
Want to hear something even funnier?
Those same retards who gave celsius their LINK and are now buying CEL to "save their investment" will lap it up when celsius blames LINK for "manipulated price action targeting us". They will go out on twitter and lash at CL. They aren't buying their LINK back either. Clown world has only one direction to go.

>>50249942
It’s hard to wrap your head around how insane this whole thing is.
How a group of completely corrupt losers were able to take advantage of the hopes of millions of people for their own I’ll gotten gain.

It just makes me wonder if retards like the Celsius people were able to get their hands on Billions of dollars, are there some actually competent con artists out there who are really cashing in without fucking it up?
Once the big banks see how easy they’ll be able to take over this entire industry and make fast easy money, they’re going to descend on the market like locusts.

>>50250033

I wish and its worth doing but remember these are actual retards. The same people who have been warned for years about this.

Its more likely they continue to call OGs who spoonfeed them schizo and come up with their own ideas like “they are just trying to make the money back for us” or whatever stupid cope. Most of them will and deserve to lose it all and only then will rebuy.
But yea its worth doing still some might be become helpful retards

>>50250026
That's what they should have done since the start.
Take the loss and do an equal haircut to all their user holdings and display it in the app.
Convert the owned ETH into stETH and allow withdrawals.

They sold 36k ETH to repay their remaining debt on the BTC vault...
https://etherscan.io/tx/0xd4ddb6503923a4fe5693e9c97955d499b98aab46d1e6574f58c5293e1af21638

They didn't pay of anything, they just sold more customer assets.
And then they sent the 24kWBTC from the vault to FTX...
https://whale-alert.io/transaction/ethereum/c1c92c02fa895f553735910a55485ad7e353e1efb4b8f60d428ef02fc8b7001a

Even the BTC they repaid their debt on may have been sold already.
They are selling everything for fiat...

>>50250037

Who said $100 retard? I’ve never seen a single person say anything like that.
Its about blowing them up so they no longer stranglehold LINK dip shit. $15-20$ here would be equivalent to $50-60 if BTC was still 60k, so it would essentially rape them all

>>50250037
How will they explain the Chainlink price going up being a manipulation against them?
"We shorted Chainlink using user assets to make it back?"

Unfortunately it's possible their users in denial will believe anything for the slight hope of recovering their funds.
We need to advance them in their stages of grief but I am not an expert in this.
How do we make them reach acceptance for a complete loss of their funds in the worst case and a 50% haircut converted to current $ prices in the best case?

In the optimal case they may get some $ one day but will completely miss out on every future gains.
For example someone who had 10k LINK on Celsius may receive $30k in 1-5 years, but Chainlink would be in mid double digits at least by the time they have their money back and will have completely missed out on this 10k LINK turning to millions.

We need to start this buyback spree and instead of wasting their money on CEL.
This would quickly cancel out the CeFi shorts too as the users would be forced to buy back what the CeFis don't own anymore with no more liquidity.
In the worst case they won't have any Chainlink left until they accept their loss and I have no idea how long this bankruptcy process can last.

>>50250101
they are still in a hostage mindset, it is hard to force the truth

I don't understand why would they be forced to buy back their shit and cause a "short squeeze"
I don't understand why any of this would make LINK pump, at best CeFi going out of business would just reduce the selling pressure

>>50249090
>Literally all LINK fud over the past 2 years has been them.
Can you imagine how excited they were when they worked out they could use old biz fud for the Zeus report? Can you imagine if we had never fussed the way we did - they are not competent enough to work things out themselves. We dug the hole they put us in over the past two years

>>50250115
Any ideas how to change this?
Showing more examples of bad character and corruption?
Proof of lies?

I think if there was an easy way to show how Celsius sold a lot of altcoins and make them think that Celsius sold most of their tokens could make them think that they have nothing left to protect.
An info graphic showing a sum of all tokens sent to FTX in the past month compared to their declared maximum holdings?
This would make it easy for them to understand their losses and see that it's gone.

>>50249202
Underrated

>>50250137
The added irony being that "normies" were clearly never going to understand Chainlink anyway, even if /biz/ hadn't fudded at all.
There's something very appropriate about /biz/'s insistence on being absolute retards, being the cause of their own misery.

>>50250070
you're obviously the person to ask, do you know how straight and narrow with fuckery coinbase is? i keep a good portion of my stack floating on coinbase somewhat worried

>>50250146
>An info graphic showing a sum of all tokens sent to FTX in the past month compared to their declared maximum holdings?
>This would make it easy for them to understand their losses and see that it's gone.
This is a good idea, I think. Someone should make the infographic and try to spread on twitter to high follower accounts

>>50250135
Its been explained so many times it’s becoming obvious a lot of people have no idea how the market works still or its just paid shills from Cefi casting doubt.

If you SHORT Link on Binance, and you get liquidated when the price rises what the fuck do you think happens? The LIQUIDATION engine LIQUIDATES the position by BUYING back the asset to pay the debt. This is unavoidable. Either you manually close position before liquidation by BUYING back, or get liquidated and let the system do it automatically.

Just because they used user funds on CEX and Defi doesnt mean they can email Cz and say “we’re bankrupt so stop the liquidation”. That makes no fucking sense.

What they CAN default on is agreement based loans. Ie, lend LINK to individual, individual loses it(steals, lost, lost with bad investment), cant get it back. These are two distinct things.

Its been proven they are very wrapped up in the former type as is NEXO. When they get liquidated and the systems liquidate their positions to cover the debt obviously thy get nothing back. The system buys back to give it back to the opposite position on Cex to make the system whole. Celsius then default to their users but it still results in a shirt squeeze.

>>50250135
The Aave loan is still there at least for almost 5 million tokens.
The customers losing everything will have some form of fomo and will try to buy back some of their tokens after they accept their losses.
If some exchanges took part in naked shorting they will be forced to cover their losses, but it's impossible to know if this exists until the price goes up.
At least the Aave loan break even is in the $8-9 price range and may be connected to Okex in some way.

The question is what is the real amount of Chainlink tokens Celsius owned.
If someone could make a blockchain based calculation of all the Chainlink which was sent from customers to Celsius we could get an idea of the real numbers.

Let's say Celsius has an official liability of 30 million tokens.
They won't buy back those tokens as they shorted their customers, but when they find out the customers will want to close this short by buying back their bags as quickly as possible.
Of course most Celsius users are poor, but they could try to buy back 10-20% of their lost stacks after finding out which would for example create a 3-6 million token buying pressure.

The question is the total amount of shorted Chainlink, but this virtual short will be closed one way or another, either through exchanges or through customers manually buying back the tokens.
Then the traders and whales who know about this will also enter this trade once it looks like the token will pump adding more initial buying pressure.

>>50250186

Not worried about coinbase at all. Same with binance.

>>50250186
afaik they are a publicly traded company in the US. So the CEO would be criminally liable if they e.g. leverage traded funds on foreign owned exchanges, which US citizens cannot legally do.

>>50250186
There's some fud flying around for sure. CB announcing that in case of bankruptcy user funds would be gone.
Then Craig Wright saying he was coming after Coinbase and Kraken this month. I think Craig is a retarded fraudster but if he had access to inside information that both those exchanges were in shit, he would try and spin it so it was his own doing. And Kraken just halted withdrawals.
Just put your money in cold storage, it should have been there months ago.

>>50250137
>>50250167
Maybe a form of karmic debt and lesson.
We should not have tried to be evil and keep people out as it attracted this exact same evil against us to teach us a lesson.
The lesson to learn is that we should have been open to everyone who had the desire to learn about Chainlink just like Sergey and not gate keep it.

>>50250188
wait, this guy claims that Binance liquidation engine will automatically buy back the asset, resulting in a short squeeze
>>50250192
but this guy claims that the price will pump from traders and whales? now I'm even more confused
to add on that, I thought that in the event of a liquidation, the exchange simply removes all of your collateral to repay the debt, no buying back involved whatsoever
so what the fuck?

>>50250146

If Mashinsky fleeing the country didnt wake them up what will? Honestly we’re looking at top buying Safemoon holders buying the dip type people here who just ended up with LINk due to time and place + handholding from chainlinkgod.

It’s worthwhile to convince people with Funds on NEXO to withdraw though. Its likely most people with funds left have debt on nexo as they margined and have gamblers mindset and cant face closing the positions to withdraw. They can at least suck it up, open and equal position on binance.

>>50250224
this

>>50250192
also I thought that naked shorting was literally impossible in crypto, how can you short MORE than the circulating supply?

>>50250224
As someone who has shilled LINK from the very beginning, and always thought the fud was some weird self-sabotage from losers who felt they didn't actually deserve to make it, I have to say I agree, anon.

>>50250225

Both can happen at the same time mate. You sound like you don’t understand how trading and markets work very well.

Do you know what a liquidation cascade even is?

>>50250186
I heard from a lawyer that the reason Coinbase made that statement for the situation in case of a bankruptcy was to protect themselves because they have an obligation to make the risks known to their users.
By making this statement it means they are in a real risk of bankruptcy and want to reduce the personal penalties they could get for it by hiding behind their statement showing this was a known risk.

The risk is very real.
I had some leftover funds on Coinbase I removed after this.
Coinbase lost 410 millions in the first quarter of this year and this was likely through lending fuckery.

>>50250254
https://www.binance.com/en/support/faq/360033525271
here's Binance FAQ on the engine, I don't see them mentioning "buying back the asset" anywhere, is it possible that you are confusing them with TradFi brokers, where you have to buy back your position in order to close the short, and naked shorting can happen for hedge funds?

>>50250237

Not sure. I’ve never said they naked shorted. It’s irrelevant to everything i said.

But perhaps that anon just means the CEfi kikes did accounting tricks dumping more link than they can possibly buy back.
As said, nothing about this situation as i have been explaining for months/weeks/days relies upon any form of them having naked shorted.

>>50250272

No. Thats how the entire system functions you melt.
They have insurance funds to try protect the traders from iliquid market situations where the liquidation engine literally cant buy enough of the asset back in the event of short or sell enough of the asset to cover a failed long.

Thats why crypto liquidation engines liquidate 10% above true bankruptcy, to protect against thin order books when the engine has to liquidate(buy or sell asset) to cover the loser.

You really need to go learn about it all

>>50250304
alright then could you provide some reading material regarding crypto leverage trading?

>>50250231
A very easy picture using red colors for their losses for each token.
Under each token you would have a bar displaying the amount remaining vs sold on exchanges in %.
When they see all those red candles they won't be able to avoid denial and the emotion should be stronger.

And use the colors well for this purpose. Gray for remaining big strong red for losses.
Just like exchanges to make people sell...

>>50250312

That link you provided explains it all very well actually. You just needed to understand what “liquidation” actually means and then its quite clear.

>>50250243
I didn't fud it myself, but I think this was a fear of success and self sabotage.
When facing the possibility of great success, you are faced with your own weaknesses.
If you make it you have no excuses for your shitty life...
I had existential dread when this moment arrived, and its very hard to face your death.

>>50250237
There are two ways.
Celsius is naked shorting technically all their user tokens because they display in their app that the customers still own their tokens, but have already sold it on exchanges.
They should display the amount of fiat they have remaining instead of tokens they don't own anymore in the app to be realistic.

Exchanges can do the same thing by selling more tokens than what they own.
This would only get found out if users tried to withdraw more tokens than they have.
This is the greatest advantage of crypto vs the older stock market.
Naked short selling is easy to hider in the older world, but a lot more difficult with crypto currencies because it's a built in function to allow token self custody.

>>50250039
>are there some actually competent con artists
MEV mafia

Why are there so many words and so few images in this thread on a Bhutanese Dolomite Imageboard and how do I profit from this?

>>50250344
I'm sorry, no matter how hard I've looked, I couldn't find anything supporting your claims, if you could help me it would be much appreciated
>>50250360
desu that sounds more like fractional reserve banking rather than naked shorting but I get what you're saying

>>50250373
Make some info graphics to help spread the message of Celsius selling all their tokens for fiat and owning less and less tokens as time goes.
Prepare for the realization to true market opportunity phase.

>>50250387
Ah yes forgot the word.
The other part which I don't understand is how leverage trading with perps work and how it is connected to the spot token.
That's also another way to divert the money away from the real token, but I don't understand how it's implemented by exchanges.

>>50250224
kinda agree, but the most important projects have always had most fud. there were plenty of anons spoonfeeding, trying to dispel the fud

pathetic stinkies
u will never defeat celsius and nexo
hope u enjoy $3 stinks cuz thats where ur headed
celsius and nexo will profit immensely off this dump as well. just fyi

>>50250387

I admit you’ve thoroughly irritated me for being unable to understand such a basic obvious thing without it being written out for you, a clear midwit who should be ignored, but here:
https://www.bitmex.com/app/liquidationExamples

https://learn.bybit.com/trading/what-is-crypto-liquidation/

If yoi can’t understand after these you need to question if your IQ is high enough for all of this.

>>50250408
There may also be some form of strong opposite attraction.
When a psychopath or narcissistic person sees something positive they want to destroy it.
Great light attracts great darkness, and for the light to spread to the world it needs to defeat this darkness.

It's a warped version of the slave and master morality where monsters are trying to prevent slaves from becoming masters.

Another example is gifted individuals attracting manipulators and psychopaths because they recognize their potential and dangers while they ignore normies who don't understand what's happening.

>>50250423
You just posted an article from an exchange that operates strictly on derivatives, Bitmex never had a spot market.
as for the bybit article, it never demonstrates at any point what you've described, the closest it gets is this
>Liquidation can happen in both futures and spot trading. Though traders should be aware that when buying a contract, the price is derived from the asset instead of the asset itself. That translates to the fluctuation of the profit and loss when it’s converted back to the current asset’s price.
which doesn't really imply what you are trying to say
you can call me a midwit all you want, I don't care lmao, but if you're betting on retail to pump your token, you should consider the fact that most of them are what you'd call "midwits"
perhaps stop being so aggresive and try being helpful to people who show interest in your thoughts

By the way it's possible to make some quick calculation of the tokens sold by looking at what was sent to this address and exporting it in an excel sheet:
https://etherscan.io/address/0x76a05277b81b9ca6c06c9ab4136116fc53e9c9e1#tokentxns

They also sold BAT, SNX, ZRX.
Their biggest dump lately was the 24462 wBTC withdrawn from the vault...
I wish I could access the order books from FTX to know what happened to this.
That's half a billion worth of BTC.

>>50250440

You’re such s midwit it hurts. It literally says “ The term “liquidation” simply means converting assets to cash. Forced liquidation in crypto trading refers to an involuntary conversion of crypto assets into cash or cash equivalents (such as stablecoins). Forced liquidation occurs when a trader fails to meet the margin requirement set for a leveraged position. When this condition is met, the exchange sells the trader’s assets automatically to cover their positions.”.

Its obviously talking about a Long position. For a short it would be buying. You dont even understand what closing a position means. You’re a fucking embarrassment.

And this is where they sent their ETH to FTX
https://etherscan.io/tx/0xd4ddb6503923a4fe5693e9c97955d499b98aab46d1e6574f58c5293e1af21638

>>50250440
Fuck off faggot. At this point you’re just purposely trying to derail the thread. You’ve been given more than enough help, if you don’t understand then gtfo

>>50250472
>it hurts
sorry to hear that
so if that's what they mean, I have a couple of questions for you
1. where does Bitmex sell the trader's asset in an event of liquidation if the exchange has no spot market?
2. if liquidation of leveraged positions strictly occurs on spot market
(selling or buying trader's assets) then whad did bybit mean by this?
>traders should be aware that when buying a contract, the price is derived from the asset instead of the asset itself. That translates to the fluctuation of the profit and loss when it’s converted back to the current asset’s price.
they're making it sound like the leveraged asset and the spot asset are different from each other
I am an embarrassment thank you for noticing lmao

>>50250496
I truly don't understand why you are being so irritated and hostile, do you perhaps prefer endless spamming of tnn?

>>50250506

Thats what mark prices, indexes and such are for. Its describing futures contracts, which is their margin platform. I feel like im talking to a fucking child who entered crypto less than a year ago. Jesus. Its all outlined Crystal clear even in the binance article YOU SENT. You just don’t understand anything you are reading and what it means. Thats not my fault.
In that instance the “asset” is the contract” which is derived from the underlying usually with an index, and a separate mark price and trigger price. Its why futures trade at premiums and discounts depending on the interest rates which is the difference from the mark price.

You clearly are in way to deep even on something so simple as margin trading whats the point in arguing?

>>50250523
I'm not arguing, I'm just asking
I've been in crypto for 4 years, never touched leverage or margin, didn't understand it, never bothered with it.
it seems curious to me how triggered you get when you're asked to address such "basic concepts" which should be fairly easy to explain for a guru, like yourself.
bottom line is, I don't undestand how the leveraged positions directly affect spot prices, which is the gist of your argument itt

>>50250508

You should understand this board has been infested with paid fudders for years and they often resort to concern trolling and all sorts of bullshit to derail. You could well be one. You’ve ben given all you need and nobody else struggles to understand so its safe to assume you are likely a fudder. If not then you can probably understand my irritation as explained. As a spoonfeeders for years i have delt with all kinds of faggy fud and subtle attempts so forgive me if you just appear as a derailer/fudder

>>50250535
alright then, fair enough, I'll just ignore your premises, stay the fuck away from leverage, and keep holding my shit

>>50250508
Actually I’d prefer that you just stop posting. Go whine about your low IQ somewhere else

>>50250535
just a tip though, if I was you I would just do my best trying to explain shit and dispelling the fud, regardless if I was arguing with a paid fudder or not, just for the sake of the lurkers
lashing out and being hostile makes you look bad
>>50250549
we can't get everything we want in this life anon :(

>>50250543

Thats a good idea. Most people who used leverage no matter what they gained end up worse off given enough time.
And yes it effects spot because plenty of places like FTX and Binance and Defi all work on spot. You can borrow up to 5x on binance on spot with margin. There is also the problem where arbitrage happens in crypto even on derivatives, so wherever the volume happens to be the arbitrage tends to follow it primarily. Consider how many degenerate leverage and margin use there is in crypto and you can see how issues arise

>>50250432
you are right. its part of the process. many will sell early and they will turn to bitter fudsters and join the ranks of darkness. they think they are so ironic and get "enjoyment" from shattering hopes and dreams of their peers. those who think the money will fix their broken self will fail this test because when we might actually see some gains they have already turned too bitter.

>>50250202
Voyager is a publicly traded company and they're rugging. They lent to 3ac and are now filing for bankruptcy

Your point is moot

>>50250593
voyager is a nobody, coinbase is the #1 normie exchange

>>50250628
is this the "too big to fail" argument? because history suggest nobody is too big after all

two major ccip launch partners are absolute retards. linkies need to demand proof of reserve and deposits on hand before engaging in any future (((defi))) usage

>>50250641
Chainlink PoR will solve a lot of this charlatan shit but our reward might be real APYs around the 2% mark.

>>50249465
never thought about it from the US weakening angle good point

>>50250662
Why is that a bad thing?
Currently “rewards” are 8% or whatever ponzi APY plus losing everything you deposit, with a only a massive loss in value on your asset if you’re lucky from them shorting what you gave them

>>50250641
Proof of reserve won't save DeFi exchanges from over-lending and too much borrowing with low liquidity.
When the operation is too big and there is not enough liquidity the rules change.
Imagine someone borrowing the remaining 10 million LINK from Aave to dump using a stable coin collateral and adding to the 5 already sold.
The liquidation threshold is 78% for Chainlink, but would Aave be able to recover 15 million tokens with only a 20% slippage?

Aave may end up getting a liquidation they can't cover without losses, but this should serve as a lesson to better manage their risk.
If this scenario happens it would be funny to see their reaction in the SmartCon in September.
Imagine most of their DeFi partners getting hit after CeFi rugged their users.
That would be a memorable shit flinging event while Eric Schmidt hypes the next phase for integration.

>>50250699

I wonder too. Its possible they dont even have to liquidated it immediately if they don’t anticipate user withdrawals instantly which gives time to work on slippage. Either way its a weakness that i wonder about too. I thought they likely had some kind of algorithm to solve or reduce this chance, or an insurance fund which can be used to purchase tokens in a slippage event. I mean I thought that was what the aave token was for other than governance but appears not.
Either way i give them benefit of doubt so far things have worked with a good track record

>>50249034
The moment Sergey chose HR roasties I knew it was time to jump off the train of chainlink.

When a project decides that hiring diversity is more important than hiring for skills, the project is doomed for mediocrity.

No, partnering with 1000000s of gravelcoins does not suddenly make your project "the most depended upon".

>>50249034
true but ur reasoning is wrong.

its because sergey is LITERALLY the only honest + capable man in crypto. vitalik is a piece of shit and everyone else is an even bigger piece of shit.

>>50250743
I think they can configure different settings, like a lower liquidation threshold or borrowing limits.

Bancor also worked until it didn't...
It would be quite funny if Aave got hit with the same issue of Chainlink liquidity being removed from the platform causing losses.

I don't know what happens if the collateral is not enough but I suppose they would use their reserve funds in some way and this would indirectly hit the Aave token price.

>>50250743
there is an insurance fund and clearly there are altos managing positions

Set a date
Ask marines to unite and market buy
I've got 0.5 BTC and >150ETH I'd happily market dump to help put crooks out of business

>>50250881
What would be the most impactful place for mass market buying? Does arbitrage make it all basically the same, or would there be a particularly good place for everyone to buy?

>>50250881
Celsius still has 2 million tokens left to dump.
This is a game of endurance as all the positive news are on our side.
We need to keep enough reserves to keep constant buying pressure and to be prepared in case someone borrows LINK from Aave to dump.

After the remaining tokens from Celsius have been sold the price should start to slowly recover by itself and go into the $9-12 range maybe this or next month.
At the current rate of their dumps Celsius may dump their last Chainlink tokens next week or in 2 weeks.

>>50250743
When and how much % will you sell next bull?
Another interesting dynamic will resolve around the 5% APY for 0.1 staking, removing liquidity for these actors.

>>50249034
based thread, thanks OP

>>50249034
not buying your bags, spergey

If the price goes to the moon like many people expect, that means the TX fees will be super expensive too, right (in USD, not Link). People would go for rival Oracles in that case, with cheaper fees. What price will Link stabilise at where customers will still be willing to pay Link's high cost?

Don't give the low effort faggots (yous)

>>50249034
>LINK is the most depended upon project in Crypto
Too bad the token is not needed and worth zero.

>>50249034
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.

>>50250699
Why don't you ask Stani.

why does not go up then

Blah blah blah theres no squeeze coming. Im still in shock how bad Sergey fucked us last several years. Fucking $6 what a fucking joke. He literally endorsed Celsius numerous times over last few years and had them managing links treasury.

I fully admit at this point I fell for a cult just like the xrp folks.

>>50251602

>>50249034
tl;dr - jews

>>50250101
Just post the plan of buying LINK to Reddit with a short explanation and all the wallet tx of what Celsius is doing. Tell them it’s the one sure way to actually see their money again. Buy LINK, squeeze Celsius to death, they profit.

what is the actual evidence for Celsius etc. shorting link?

>>50252159
Why don’t you fuck off back to re.ddit then and do it yourself, nigger faggot?

>>50252171
>https://www.youtube.com/watch?v=B2mVaPFFdoE&t=3123s

>>50249034
I would love if that were true but they sold not shorted
Which means yes there was excess sell pressure
But that was peoples link
That they wont get back

I bought back in just now. Sold the first run-up to 20 dollars. Been following ICP and LINK for the past 6 months and imo if crypto is ever going anywhere, LINK is required. ICP I dont know, but after a long price discovery it seems to have bounced off the bottom.

>>50252680

NEXO literally bragged on here about how much they were making “shorting the btc, eth and usd pairs on binance” last year.

We also can see from wallets they constantly sent tokens to binance. We also see they constantly borrowed tooens from aave before. Its also been revealed by leakers that ONE man does all of NEXOs trades and he uses quadro and other coin margined futures on binance to do it.

Wake up. Its all been leaked out over the past month and everything anons had suspected has all been vindicated now.

>>50252333
Checked I don’t have a Reddit account so even if I make one I have no brownie points or whatever and they won’t listen to me. Need one of you faggots I know posts on Reddit all day to do it.

>>50252821
You don't know what dangers you are summoning by making these kinds of posts. My advice is to delete this comments before bad things will happen for you.

>>50252821
Again, it makes no sense for them to short
They needed/need funds and margin coverage
They do this by taking users link and selling on cex into any rally
Its basically a 0.0% usd loan from their users
Yes they will blow up but theyre backing up btc and eth positions, not link

Them bags looking loose blood.

>>50252864

You have no idea what you’re talking about. Just another shill trying to protect his employer

>nexo/Celsius cant be liquidated its impossible

>>50251602
Linkies utterly btfo by this simple question
<if your investment is so good why is it so shit then?

watery demise

All things considered it's fucking sad that some bulgarian gypsys can short the most important project in crypto to the ground.

Showing there is little buying pressure. They wouldn't be able to do that for 2 fucking years otherwise.

Link is weak and only link marines are holding it.

>>50251469
The fees can be adjusted as needed, it's really only a mild concern in an environment with a lot of volatility. Realistically though on any chain besides L1 ETH LINK is pretty cheap already for the services it provides. A VRF call on polygon is like 0.0001 LINK or something miniscule, it makes its money on volume.

>>50253338
Anon you might be unaware but I believe that poster was just using an old fud talking point, anytime someone claims link will be too expensive to use all you need to respond with is
>18 decimals

>>50252931
Im nothing of the sort
I hold 7figs of link and would love for your short theory to be right
Im also not stupud enough to have ever touched cefi
Because i know people like that
Theyre not shorting, theyre just selling user funds to try to avoid jail

>>50253373
ah, my bad. There are so many newfags these days and so many different fud copypastas that I believed it was a good-faith poster for a second.

https://etherscan.io/accounts/label/celsius-network

I was going through all of Celsius' wallets, and besides the 2 million LINK on AAVE, do they have ANY other LINK held in wallets? I know they are insolvent already but is that seriously everything they have? Assuming the stuff they send to FTX gets sold, I think so.

>>50253412
Unfortunately, with the board in the state it's currently in, you have to assume malevolence.

>>50252844
kill yourself nigger

>>50252864
^^100% Nexo shill right here, folks. It even reads like someone under stress. They're fucking shitting themselves. No mercy, boys. Everything off Nexo and Celsius right now, even if it's only a few bucks. Everything counts. Fuck the gas fees, just get it off there.

>>50253338
>LINK is pretty cheap already for the services it provides.
Yep, and it will only get cheaper/ Which is good.
>A VRF call on polygon is like 0.0001 LINK or something miniscule
Where can I find this kind of info?
THanks for the answer!

>>50253338
>>50253373
I wasn't regurgitating any fud haha. It was a genuine concern of mine.
>18 decimals
That's good.

Folks forget that Celsius LINK debts can't be squeezed because they can just declare bankruptcy. Guess what will happen next? People will lose their funds. So, I suggest we drop this short squeeze nonsense for the greater good of the community.

>>50252844
>delete this comments
Nexo isn’t sending their best are they

>>50249270
>>50254177
This has been addressed.

>>50252844

token not needed
short from 6.7 2 days ago

>>50254177
nexo is insolvent, nexo/celsius have shorts on defi/cefi platforms that can absolutely be squeezed and liquidated, and your attempt at fud is utterly transparent
>People will lose their funds.
people get what they deserve, in this case
>So, I suggest we drop this short squeeze nonsense for the greater good of the community.
yes my fellow marines, let us drop this nonsense and deposit our chainlink tokens on celsius for that sweet 1% apy.

>>50249981
grats

>>50254271
>deposit our chainlink tokens on celsius for that sweet 1% apy
It is more like -100% APY hahaha. Seriously, fuck them. They get what they fkng deserve.

>>50254103
>>50254073
All good, I'm always willing to help out people who honestly want to learn. The old market.link used to list specific nodes and their prices for various on-chain calls, which is where I got the polygon figure I mentioned. You can still look at the aggregate data though. For July 8th polygon got around 10k VRF requests, and on that day there were 3.76 LINK rewards for VRF on polygon

https://market.link/vrf

This comes out to around 0.0003 LINK per request. Hopefully this gives you an idea, you can play around with a lot of data on the new site.

>>50254218
it doesn't address the community and the greater good. Innocent people like you and me will lose EVERYTHING. Be better.

>>50254271
who hurt you?

>>50249034
Until KENSHI usurps it

>>50254347
Oh, that is really handy. Thanks for explaining that :)

>>50254583
Thanks to you spamming faggots I looked into Kenshi (the game) and scooped it up for $10 on Steam. 10 hours in so far, pretty enjoyable. Never buying your honeypot muslim rug though

>>50254418
Kek i don’t care. I keep my link in cold storage where it belongs

how silly. everybody knows serg constnatly dumps look no further than there as your reason

>>50254713
if that's the case then you don't have a skin in the game. How about you do us all a favor and stop posting altogether?

>>50254796
>don't have skin in the game
We are now getting proof that you retards have cost us insane amounts of paper gains in the last 2 years, all while we have been warning you since the start that the APY on those platforms is not worth it. Not only will you lose your stacks (rightfully), you also fucked us all over in the process. First it was sporadic, reading about some retards that lost their stacks on lending platforms because of high leverage, but now with more and more CeFi platforms falling over like dominos I can't keep myself from feeling euphoric. You are all getting what you deserve.

>>50254796
>a skin in the game
ESL detected. Anyone who holds link has a vested interest in these developments
>stop posting
No

>>50254836
how's me profiting from my holdings until staking gets released cost you anything? Is this how we get treated for being loyal holders?

>>50254881
are you for real sub 80 iq or trolling

Not going to lie, all this shit reminds me of retarded and delusional xrp, hex, cardano, and tron holders.

Link marines are turning into a huge fucking joke community. Luckily they won't ever turn into "maxis" because their probably won't ever be competent competitors to chainlink.

If CL gets this right, marines will be the most hated group. The salt will be palpable. But right now they look and act like fucking losers falling for another crypto scam project.

>>50254881

Get fucked retard. You’re going to lose it all while we laugh at you after warning for years

>>50254177
Those people will fomo and take loans to buy back their stacks as quickly as possible.
They will close a part of the Celsius short.
If they don't they will miss out on future gains for lending to degenerate gamblers, and those who kept their tokens will make it without CeFi lenders.

>>50249034
The usefulness of eth and other gas token to pay for blockspace depends on ones perception of that model of access to blockspace; an oracle token on the other hand by design is needed as the oracle needs to be independent to ensure its independence and sybill resistance; unless of course Sergey just controls who is allowed to act as oracle and who isn't which leads to Token effectively not needed

>>50254177
Shill, get fucked

>>50249034
cope more the cryptocrash hasn't even begun. ur ass will bleed when stocks crash -70 % and crypto will crash 98% at least. lmfao u gullible losers

>>50249511
>>50249547
only 50 BSV full nodes exist on network. the network itself can be censored.

>>50250685
>US weakening
kek, the US is rugpulling the planet because the deep state finally caught on that the Soviets are gone. they only cared about globalization as a means to an end - the containment and controlled demolition of the Soviet state.

>>50251469
Retard

>>50250534
>it seems curious to me how triggered you get when you're asked to address such "basic concepts" which should be fairly easy to explain for a guru, like yourself.

can you understand how it might be annoying to you to explain a very simple concept to someone who cannot understand it. Youre doing the equivelant of going to a car racing forum and continually asking users how to put air in your tires.

>>50255515
He doesnt have the balls or human legs to do so as a bot. You are literally replying to the most bot format structuring of text humanly imaginable

>>50255408
quite possibly the stupidest take on world politics i have ever seen

>>50255658
Oh, you're gonna feel pretty silly in five years anon. Don't tell me: you fell for the China superpower narrative too.

Kenshi keeps going up and LINK is dying, keep coping faggots

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

has it never crossed anyone's mind that perhaps it was intentional by sergey to lure some into these scams? Hes had them over the main channel numerous times and has shown up on their own channels too . The endgoal of this was obviously to take as many links away from retail holders as they possibly can.

>>50256116
big if true
but sirgay is too big literary and figurines
he is gaining maths and the only way to stop him from turning into a gravity bell of bigmac portions is to kill nexo and celsius before he gobbles them

>>50256315
Thats a nice fantasy but in the real world theyve had all the time in the world to gobble them up which obviously tells that they probably have an otc deal to give them time to properly setup their run away once . At this point im sure they feel comfortable with how much supply they were able to get back and now its just waiting for cefis bancucks and company to figure their shit out , obviously every links lost from the longnose tribe is back into sirgays hands.

>>50256017
oh fuk lmao

>>50252159
I got insta banned from Reddit on the first post I made where I gave a Tx for one of their dumps...
Celsius has moderation control over it just like CeFi shill are shitting up /biz/

>>50256638
>Thats a nice fantasy
no u

OP if you're still here help me out. I'm a new coomer newfag but lurked plenty. Didn't buy anything until 6 months ago. I'm following you here on the CeFi exchanges shorting if link keep the price from pumping. I get that they're in trouble. I get they can't get out of it with bankruptcy. However with all that said, how does this affect the price of link going forward? Understand thr following is the opinion of a newfag so correct me if I'm wrong. It's hard sorting through FUD and FOMO here.

I don't see how they can be forced to buy back link tokens on their leveraged shorts when they literally don't have the funds to do so. I don't see a pump when they finally do go belly up as a result. Link is still susceptible to this same thing from other exchanges that are run better as there's no reason to hold the token right now. Even when staking comes out its limited to oldfags legacy holders as I understand it. There's very little incentive for newcomers like myself right now.

What am I missing? Why it a good idea to buy link right now? I think fall and winter are going to be large macro hits to the economy. I'm guessing I can probably pick up Link then much cheaper as all ships will dip in low tide.

Sell a newfag..new fag... why buy Link today?

>>50249270
>desperately trying to stop anyone beliving they can be squeezed
Oh my god. Is the squeezy squoozy cancer spreading to demented linkies now? Are linkies also GME baggies? Talk about fucking generationally justed hahaha

>>50256897
>short squeeze is a reddit/gme phrase
your newfag is showing

>>50256897
>you don't want to talk about short squeezing companies do you goy? that's totally cringe, bro

>>50255270
Agree. This is fucking embarassing. It sounds like gamestop in here now.

Sergey dumps a billion on us in ‘21 while endorsing celsius all year but somehow its the holders fault??? He literally told everyone to use celsius.

>>50256116
this. for anyone who hasn't figured it out yet, they haven't been able to get your LINKs by simple market manipulation/demoralization tactics so they're now resorting to more scammy methods to try and separate you from your LINK. mark my words, there will be a vulnerability found in 0.1v staking that causes stakers to lose their LINK as well and they will just chalk it up to "well it was a beta so there was always a risk this would happen." literally trust no one, not even the team themselves.

>>50257033
>>50257056
Being obsessed with short squeezes and simultaneously not understanding anything about them is absolutely a reddit thing. Biz got out of that phase years ago until the deluded baggot general showed up.

>>50256116
this. for anyone who hasn't figured it out yet, they haven't been able to get your LINKs by simple market manipulation/demoralization tactics so they're now resorting to more scammy methods to try and separate you from your LINK. mark my words, there will be a vulnerability found in 0.1v staking that causes stakers to lose their LINK as well and they will just chalk it up to "well it was a beta so there was always a risk this would happen." literally trust no one, not even the team themselves.

>>50257312
They are very simple to understand. Nobody here is misusing the term.

>>50256116
this. for anyone who hasn't figured it out yet, they haven't been able to get your LINKs by simple market manipulation/demoralization tactics so they're now resorting to more scammy methods to try and separate you from your LINK. mark my words, there will be a vulnerability found in v0.1 staking that causes stakers to lose their LINK as well and they will just chalk it up to "well it was a beta so there was always a risk this would happen." literally trust no one, not even the team themselves.

>>50257339
>They are very simple to understand.
Yes they are. Which is why you have to be a drooling retard to believe that one can be "ongoing" for more than a year.

>>50257312
Nexo is insolvent.

>>50257378
>biz researchooor posting insolvency suspicions 3 months into a market-wide liquidation cascade
ok thanks detective

2 more weeks right? Still no fucking staking. Fucking christ we are going below $4 when our gov announces an official recession later this month.

And then MAYBE we get muhhh testnet of staking at smartcon which pumps the price back to $6, followed by the market dumping of 50million fucking more coins.

Not selling at $50 is the biggest mistake of my life.

>>50257466
Kek. Reading your posts, I'd say look on the bright side--at least you can still think for yourself unlike most of these fools who've evidently learned nothing and are doomed to repeat their mistakes. Use the market conditions to stack other coins and wait a few years.

>>50257691
Why are you guys always in LINK threads calling us idiots?
LUNA/TERRA/ANCHOR holders lost 100% of their money but it would never occur to me to spend time in their threads obsessing over their losses.
Why is Chainlink so special and different to you?

>>50257691
Appreciate it. Beating myself up bad for falling into the echo chamber here. If you have any recommendations on other coins Im all ears. Prob just gonna stick to btc and eth for now

>>50257441
If you have more you can post everything you are hiding from your customers. Nexo shill...

I don't pretend that attestations are audits and lie to my customers.
https://twitter.com/otteroooo/status/1539640615293448192

I also don't run a ponzi and steal from a charity for sick kids:
https://twitter.com/otteroooo/status/1540862675306967042

I also don't already have an insolvent lending company as a Nexo co-founder:
https://twitter.com/otteroooo/status/1541608622639091712

>>50257844
because they're 2020/2021 bullrun tourists. Too late to see significant gains with link, too stupid to exit the market and make money on any other scams. So now they're bitter and jaded and blame the link holders on this board, they look at us like some do btc maxis, "oh it was easy for you since you bought early but I can't make it off bitcoin anymore", people were saying that as far back as 2015 and yet anyone who put a significant amount into bitcoin at the last cycle bottom still saw a 20x which is insane returns on a relatively safe investment. You'll see similar with link probably, except its cycle is asynchronous with bitcoin. Probably a slow buildup over the next year, it will reach its previous ath early 2023, but people will be in disbelief and view it as just another doomed rally. Except it'll keep going, and you'll see it hitting mid triple digits in 2024. If full staking hasn't released yet, ccip isn't what it was thought to be, and meme coins start receiving hype again, this would be the time to move over into bitcoin/eth before exiting the market early 2025. If staking is released and ccip is what it was thought to be, you'll never have to sell your link (besides staking rewards) ever again.

>>50258014
Based high IQ take

>>50257853
You're not in an echo chamber, you're just an idiot who believed the idea that it was easy to make it from crypto. The majority of retail who did it just bought and held bitcoin/eth, believing dogcoins and bnb made a bunch of millionaires is like believing in the powerball, you're a sucker and you'll probably end up falling for some scam and killing yourself in a few years.

>>50249899
We haven't bottomed yet. I hear BTC would see 12k before we see it's pump or that of any other ALTs.

>>50257844
People can have held previously or even be a demoralised holder waiting to switch positions, or just a bizraeli. There are many LINK threads always, not like other projects, and the mythology you people have created is on another whole plane of NEETdom. You have to admit the fate is quite poetic after all the cult bullshit.

>>50257853
No recommendations. BTC and ETH seem logical, then at least you've done something with these conditions and you won't feel like you've just been completely fucked.

>>50258014
I could tell you I bought in late 2017 with a DCA of around $1 but you retards never want to hear it because, as I was saying, you're in an echo chamber. It's funny how what is considered basic, fundamental advice like "don't marry a shitcoin" is considered absolutely haram to you people.

>>50258014
>>50258056
Based. Chad LINKie anons are the big-balled swordfish of /biz/ and fudders are the symbiotic fish school that keep the balls clean.

>>50257853
>muh btc and eth are like, totally safe blue chips bro
ngmi

>>50258124
You fell for the "in it for the tech" meme being a meme. You'd be the guy selling bitcoin after the 2014 crash claiming its dead for good this time, telling everyone its safer to just play stocks.

>>50258110
Not bad to start DCA into good projects though cos no one may actually catch the bottom. Just DCA and certain entry prices and that would be just fine.

>>50249291
>The CEO of Celsius was already caught trying to leave the country and stopped at the airport.
Where can I read about this?

Just to spread a little more hopium for you guys since the pessimism on here is tiring, link's bear market bottom in sats last cycle came around the same time, June 2018. BTC capitulated 50% more in December, but link maintained a 2.5x in sats meaning it didn't even see a lower USD value. That would be the equivalent of bitcoin dropping to 9k or so in December this year, and link refusing to drop below 6-7 dollars.

Except at that time, link was still running on mostly speculation, mainnet hadn't even released (that alone combined with google/coinbase saw link go from 40 cents to 5 dollars, over a 10x, in 2 months). Now you have staking/ccip/enterprise abstraction layer, along with fundamentals that directly impact the tokenomics in a positive way, on the slate by the end of this year.

>>50258309
>where can i read about this
I'm a bit of an amateur sleuth and I have a few tricks up my sleeve with this sort of thing. Try Google News. Go to www.google.com and from the menu there click on news. Just type in some keywords and away you go. Glad I could help.

>>50258306
Another way would be to get early on projects on or before their launch. Thos is the very reason I have my tabs on the CLEG and EQ. I shall soon be buying into the prelaunch sale of both.

>>50257351
Exactly, It is insane how much of a shakedown the last few years have been, these people are not your friends and hate that you even know what link is, let alone that you own some.

>>50258351
Thank you for the crumb and hopium anon. You seem like a very jaded person so I wish you luck in life and hope you can get rid of the negativity.

>>50257351
honestly wouldn't surprise me
i'm in no rush to start staking

>>50258496
was there a VRF v0.1? OCR v0.1? Keepers v0.1? staking has been ready to go for years at this point, yet they're releasing a beta version so that they have plausible deniability when you lose your LINK.

>>50258357
kek

>>50258458
This might be worth trying. Strange tokens though. Lol.

>>50258599
Mainnet spent years in the 0.xx iterations.
They're starting staking small, just like they did with mainnet.

>>50258703
all i'm saying is don't be surprised if it's used to steal your LINK, just like CeFi and Bancor were used.

>>50258783
Staking is Chainlink itself, Cefi and Bancor are not.
What the fuck are you even doing.

>>50258794
i'm saying there's gonna be an increase in desperation to separate you from your LINK

>>50258794
sergey wants your link, dumb fool
he is a beast and he must feed

>>50249465
>Bitfuck
I hate Bitfuck so much

>>50258832
Saying Sergey explicitly wants to separate anons from their link is schizo shit, or at least intended to make any rational complaints of fud all fall under a deluded schizo umbrella and discredit link posters. Sometimes the simplest explanation is the way to go, crypto at this moment in time is nothing but a shitcoin casino, Sergey is helping it to grow up, but if it does grow up, the people who currently profit the most off the shitcoin casino will lose those profits, so it is in their direct interest to if not outright sabotage link, at least delay the growth of the asset class for as long as possible. If you owned a horse farm and it was within your power to slow down the shift to automobiles, would you do it?

>>50249034
your "bad actors" are literally Smartcontract selling monumental amounts of premined LINK onto the market, literally

>>50259077
Solana, Fantom, Matic, … all dumped way more tokens on their holders than Chainlink, and they did really well.

You were told this a long time ago, but you’re probably still gonna be repeating the same bullshit lines on your deathbed.

>>50259021
if you haven't figured out that we are in a fully controlled/manipulated information environment then i don't know what it would take to make you realize. I don't doubt that Sergey is helping the space to grow up, but it's clear to me that whoever his handlers are are using him to try and separate holder from their link because they know we trust him, and pretty much nobody else in space. you don't find it odd that Sergey's presentations are all about truth over trust, and yet the team actively promoted trust based systems that have now stolen link from retail? or that they releasing some beta version of staking (which has been finished for a long time now) that's specifically targeted at retail stakers? you do you but there's enough redflags for me to wait until we hit v1 if not v2 when loss protection is enabled.

>>50252986
a^2 = b^2 + c^2

>>50259184
You're overstating the degree to which Sergey promoted these cefi entities (and bancor), it was more a showcase of the potential of chainlink than anything, and at no point did he ever suggest anons should store link with cefi or bancor. This would be like developing technology that allows for war weapons, showcasing the weapons, and then blaming the person who developed the technology for the weapons being used in war.

>>50259243
nice, almost.

>>50259461
What next?

>>50249047
nexo is insolvent

>>50259425
i mean Celsius was featured prominently on the chain.link homepage, that's not subtle. and then when Cefi blew up they just quietly removed it. Bancor's Mark Richardson had a long talk featured on Chainlink's Youtube page recentlly, also not subtle and also quietly removed after Bancor blew up. because linkies trust Chainlink, they trust the projects Chainlink actively promotes, which is proving to be a good way to lose your LINK. i'm not telling anyone what to do once staking v0.1 is released, all i am saying is that there is precedent for linkies losing their stack when they deposit them into a protocol that hasn't been fully proven out yet. this is financial survival of the fittest and only those with proper risk management will come out the other side.

>>50259577
checked and I'm not saying you're lying about any of that, its all true.

The problem is pic related, link is on the other side of the chasm right now, so the only thing they can do to promote the technology is work with the snakes and charlatans that are currently in crypto, while they continue to cozy up to entities like swift and hope that someone will eventually help them cross over. Legacy entities aren't going to look at greedy cefi entities fucking up their finances, they're going to see if the oracles functioned properly and if smart contracts can be relied upon.

>>50249186
that's been something i've been watching for, for a while

>>50254177
>Guess what will happen next? People will lose their funds.
lol fuck 'em
they were greedy, and impatient, and paid a price for both

>>50258014
>previous ath early 2023
Link hits ATH every year anon. We're unironically gonna make it this year with staking + ccip + enterprise abstraction layer.

LINK Supply Discrepancy Has Been A Persistently Little Known Fact

>>50258014
my link position is still 250% up in eth and 180% up in btc

>>50258794
>Staking is Chainlink itself
Kek who wants to tell him? Also no slashing in 0.1

>>50259639
i can agree that maybe part of it can be chalked up to necessary evil. in the greater context of all the lore surrounding Chainlink, including the incessant industrial grade fud, i'm inclined to believe that there could be some agenda at play here to separate linkies from their stack. call it schizo, but it's the conclusion i've come to based on my own intuition

>>50258832
0.1 staking doesn't have slashing. Also pool's closed. I trust jonny and the link team. Sirgay got betrayed by the jews and he is quickly turning up the ovens for revenge.

>>50259748
still beta though, which provides plausible deniability

>>50259577
Any scam can use chainlink. Remember lady luck?

>>50259776
i'm aware anyone can use it. but there's a different between that and Chainlink actively promoting it and then removing any evidence of said promotion once things go wrong.

>>50259767
Staking isn't offered by chainlink. It's a function built in that you will either have to do yourself on your own node or use a 3rd party platform and their pooled contracts. Personally i trust linkpool and the chain link team not to have any smart contract errors. Chainlink has yet to have any legitimate bad reputation from "issues" (ie. Hacks failures etc).

>>50259793
Chainlink did have a video on ladyuck. It got removed after they rugged. Sergay has never once told you to put money in any projects that USE link. Your being disengenious.

>>50257885
>obsessed with shorting
>uses "shill" incorrectly
ok tourist
>>50258357
kek
>>50259639
lol wtf why did Sergey create a P&D timeline chart

Will gladly enter the market @ $2.

>>50249034
If you buy link then your an faggit

>>50259674
I'm just giving a conservative timeline if we follow the previous cycle to the letter, of course I don't think that's going to be the case, but any number of things can happen between now and then.

>>50249919
>One last thing about Coinbase losing 410 millions. I think they may have lost some of it because of 3AC or something similar but quickly closed it and took a smaller loss.
coinbase lost that 400 million last year, during the bull market, while 3ac only collapsed this year

>>50249814
that's a massive volume candle, though does it show what number of tokens were bought/sold?

>>50249034
Yeah but "crypto" (defi) ain't shit.

>>50249899
i'd still expect v0.1 some time near smartcon
possibly released a few days before, like with the previous announcement before a convention, or likely announced at and released a few days after

>>50250224
i've always hated fags that "fud their own bags" to try and buy more (aka lying to try and profit from it)

>>50259978
https://mobile.twitter.com/HuxtableJonny/status/1544335357050847232

>>50250237
if it's on exchanges, then the exchange has the ability to "create" naked shorts
just like a stock exchange company can make naked shorts possible, then crypto exchange companies are equally capable of such

>>50250039
Is there anywhere I can look up the names and maybe general location of the faggots responsible for the price action the past couple years? I'd love to meet them in person and see what's inside their heads if things don't turn around soon.

>>50259748
This
The righteous Nazarov will cleanse the jew
With unquenching fire

>>50259648
Yeah man Muhhhhhhh sEcReT hiding strategy. LOSING MONEY AWESOME. Faggot. This isnt fucking google. 5 years and still no one knows wtf this is. Price destroyed but yeah man SO BULLISH. Two more weeks, short squeeze. We are a cult

>>50250743
>or an insurance fund which can be used to purchase tokens in a slippage event.
there is some sort of token insurance or something aave sets aside for that shit
or the people loaning their link for a measly 1% end up taking a haircut on it
another case of the impatient losing their stack while not waiting for true node staking

jesus christ the shills came out in force
9/10 in a row hitting my word filters

>>50260107
JONNEHHHHHHH
based jonny confirmed neet nodes existing as well

>>50260175
>LOSING MONEY
gaining link
a bunch of marshmallow test failing faggots here

>>50260378
Fucking love this meme

>>50260107
Based fockin' Jonneh. Where's me fockin' Jonneh postah

>>50260378
I posted the tweet because i suspect we will get 0.1 staking this month or next month if we unlucky. Ccip requires staking 1.0 but 0.1 needs to be tested for a while. And the enterprise abstraction layer requires ccip. So i also expect that to get tested first. Since sirgay told use these things would come this year, i presume that
>Staking 0.1 july/august
>Test for a few months
>1.0 + ccip maybe around September/October
>Test for a few months
>Enterprise abstraction layer eoy with iso20022 in November starting
My personal timeline. Could be wrong.

>>50260668
>>50260689
It really makes me thing that there is only around 1700 linkpool holders. I wonder how many of those holders are the linkpool team. Im honestly surprised when some anons with fat link stacks hold 0 lpl.

>>50260744
I got 20k LINK and 7k LPL

>>50260727
test for a few months? kek that fat cock sucker took 4 yearss for this version of staking. its no happening for another five years

>>50260727
Wasn't SWIFT Integration delayed until 2023 or later?

>>50249034
>other than Eth

>>50260727
I'm tempering my expectations, but if it does play out like that, while I won't plan on it, it wouldn't shock me to see triple digit link eoy/early next year. People act like the ath is so far away, it literally went from about the price its at now to ath in 6 months from Dec 2020 to May 2021. And that was considered underwhelming, considering the rest of the market at the time.

>>50260831
Nay. Got delayed from april 2021 to November 2022. Only starts in November. Full compliance will be by 2026.

>>50260845
Honestly im not too fussed. it's maiy the recent post by jonny that got me thinking we get staking soon(tm).

Based thread OP. Your doing Gods work. Wouldn’t staking break these Cefi rats eventually? I expect full fledge staking when the next cycle starts.

>>50260727
i'd only expect staking to drop post ETH merge
i imagine serg is waiting for that to finally go through, for a massive risk-off, before finally unleashing v0.1

>>50261213
Eth not needed.

>>50257312

So this is the shils last resort. No longer can try argue “they cant be squeezed it doesnt work like that” and instead have changes narratives to “lol reddit”.

Desperate faggot

>>50260727
Are you fucking high or just being a disengenious faggot???? There is zero, let me repeat, ZERO chance that fat faggot russian releases anything pre
Smartcon. And after he placates us with little baby testnet staking, I fully expect to wait a full year of silence before 1.0 is released.

Sergey for prison 2023

>>50261213
Two more weeks right bro??? Make more excuses while we all go broke

daily reminder that everything in blockchain and the real world has happened because of chainlink
>gme short squeeze started because of what they are doing to link
>xrp "schizos" started shilling the schizo angle because of LINK
>metals shilling intensified during covid to slow down LINK buying
>stocks boom during covid
>etc.
everything was done to detract away from Link's memetic energy

>>50261644
>get a (you)
>reply hits word filter
>didn't read
lol
lmao even

>>50261622
Check jonnys twitter. Soon

Where are we supposed to go for lending?

>>50261766
Kek. Dude is screaming in the void

OP, good thread. You figured it out. The bad part for stinkies is that Celsius does not intend to buy back that LINK to pay off their loans, so they really don't care what happens. Eventually though, the music stops and they're shut down.

The entire reason LINK performed the worst was because of Celsius, BlockFi, Voyager, Three Arrows, FTX and of course NEXO. Aave and Compound were used and brought along for the ride. From what I hear, the Robinhood listing was timed for this reason

>>50259648
this whole thing makes more sense if you accept that the cabal just wants our money, instead of them having some special grudge against early token investors making it.
Occam's razor points to greed being their motive. Those in the know using their advantage to take from the outsiders

>>50260175
anon, you know there was a high profile short squeeze on LINK in summer 2020, the Nexo/Zeus situation.
It's not impossible for it to happen again.

>>50261892
What is the purpose of the Robinhood listing?

>>50262005
Sucking liquidity for Citadel, Virtu and co. SBF also just bought a cut of Robinhood. From what I hear, they were tipped off on something happening very very soon and wanted to try and take over the liquidity from CB and BN

>>50261892
How much link you sitting on uncle?

>>50262516
As of today about 1.6M LINK. 340k from ICO, been adding all through single digits. Sold off 200 BTC recently for more trading funds. Now own 10% of GLNK as well through my hedge fund

Celsius and CeFi run out of tokens soon to dump. Many counter parties are running dry on powder due to overleverage

>>50262587
What are your expectations for the end of the year?

>>50262708
Why do you fuckin retards entertain this loser? Michael is truly the biggest loser in biz history.

>>50262726
Your mouth is my toilet. Do not talk to me.

>>50262750
The sad state of the self sustaining biz loser contingency laid bare. Go find something to do instead of playing make believe with notorious larpers, you degenerate retard.

>>50257312
lol it wasn’t that long ago last time we short squeezed nexo to $20, newfag

>>50262726
Still following me like an AIDS ridden crackhead after all these years. When will you crawl back into whatever infested swamp you came out of? Meanwhile, life is fantastic for me. I can't wait for your response in 3 minutes, poorfag.

This is, again, MY fucking board. Get out or gg

>>50262708
More "presence", more attention. More inflows. Do the math

>>50261876
“Kek” huh??? Speak like a man you little fucking faggot. YEAH HILARIOUS we all got wrecked last two years. Still accumulating right??? Bc you work at mcdonalds and need six fucking years to load up. “Just lose money and dont complain broooo”
Faggot

>>50263521
>This is, again, MY fucking board

>>50261987
Ohhhh WOW WE CAN GO BACK TO WHERE WE WERE TWO FUCKING YEARS AGO!!!!!!!!! Muhhhhhh short squeeeze right??!!! Gamestop!!!!!!!!

I could literally be retired now if i rotated my link into eth in aug of 2020 but you fucking faggots were so convinced it was just muhhhhh start of da bull run and that sergey dumping every week was fud. Now i will fucking work at least five more years. I swear to god this wont go unpunished

>>50261647
it's true, all of it
https://www.youtube.com/watch?v=0KuGAUuoNFo&t=110s

>>50263699
Blessed, are the Linkies.
For they are truly tested.
For only they know a holy anguish.
For only they can be granted freedom.
For only their faith is righteous.
Praise Kek,
May our Lord grant his people mercy and guide them through the FUD.
May he bestow protection upon Sergey the Creator, solver of the Oracle.
May he grant shelter to AssBlaster, prophet of the Great Transfer.

Desperation to thee, who with weak hands, casts aside his stack.
Glory to those who hodl true, as they will be rewarded in this life and the next.
So it is written, so it shall be.

Check us our digits, our daily bread
forever and ever
amen

>>50260744
150k LPL
2k LINK

>>50263521
>turns up in LINK threads after being embarrassed and running off like a little nancy
>shits everywhere
>pretends to be something his parents might actually be proud of
>"Still following me heh"
Kek
How shit your life must be

>>50262415
interesting....this is the only reason a random LINK listing would make sense