/biz/ - Business & Finance

>>50329059
Begun... The great short has.

>>50329078
Shorting link is a more reliable bet than the long term price growth of bitcoin.

>>50329059
has the squeeze been sqooze?

Attention all bizraelis: The Great Reset has come at a crossroads with humanity. We can not allow the WEF & the young globohomo leaders to manipulate the markets any longer with their fake wars. In order for the Golden Bullrun to resume, Chainlink(ticker: LINK) needs to be destroyed.
/biz/ will declare WAR on Chainlink next week and send globohomo a message.
You heard it here first. Linkies will be financially exterminated. Participation is mandatory btw, proof of short will be required to post on /biz/. I repeat everybody will have to participate.

Spread the word and prepare your shorts. It's finally happening... The Great Short is upon us lads.

>>50329059
I'm ready for some cheap stinkers

>>50329078
>shorting the bottom
t. retarded

>>50329318
>>50329113
>>50329078
>withdrew from AAVE
>bros they're shorting link!
Absolute state of this board

What are these fucking faggots up to now?

>>50329570
Yes that's literally how you short
> deposit stable
> borrow link
> sell link
> later rebuy at lower price
> pay off loan in profit

>>50329570
explain to a brainlet

Here's the wallet:
https://etherscan.io/address/0x8aceab8167c80cb8b3de7fa6228b889bb1130ee8#tokentxns

>>50329869
And you are retarded if you think that is what just happened. 2 million Link was used as a collateral and it was just withdrawn.

>>50329059
the curse of the manlet
they must have seen linkies leaving genesis wallets yday and are now shorting will full force

>>50330006
they could still move it to an exchange and try to dump it
i mean what do you think they are going to do, pay back their clients lol, their survival hinges on a massive crypto drop so they might as well gamble all the furniture while they are at it

>>50330350
what the fuck are you talking about? why would Celsius benefit from a crash? They are insolvent because of the crash. fucking 80 IQ posters on biz these days.

>>50330006
Every time they withdraw their LINK collateral from AAVE they send it to an exchange, and then a small price dump occurs. This is their last shot, after this they are out of ammo and can't short with user funds.

>>50329971
I justgot the brilliant idea of buying SNX after checking that wallet

>>50329059
Hola Link sis, Link bro here.

Thank You for pointing out this Sirgay approved short position.

Daily reminder: LL UI BE K is no it in for retail. You should only be accumulating if you're a node ops or a bank. Sorry sad truth.

>>50330766
>fucking 80IQ posters on biz these days

$kenshi rises to provide salvation to injured link marines in their darkest hour. Join the migration bizbros

>>50335232
Please

>>50330350
go shop for a new brain anon
use whatever funds you have left and borrow some to open massive short
dump all tokens during period of heightened market risk like lets say a hot cpi report
cash out on short buy back client tokens at great discount
not insolvent
they died because luna went to zero in a very short amount of time, real tokens and coins that don't die and have an active market to cash out shorts will benefit serial shorters at this point

>>50337523
shit obviously ment to reply
>>50330766

They moved the Chainlink to this wallet:
https://etherscan.io/address/0x41318419cfa25396b47a94896ffa2c77c6434040#tokentxns

>>50329059
Asking here because idk

> What do you think the % chance that Mashinsky goes to prison over the whole Celsius thing?
> Even assuming everyone gets 100% of their assets back (lol at me now) the investment strategy of the company was at the very least misrepresented to customers.
> I'd even wager there's a level of fraud in there, but idk not a lawyer
> For perspective, Martin Skrelli went to prison even though all of his investors MADE money because he misrepresented the risk level of his fund which is an attack on the financial system blah blah blah.
> So anyways what do you think? Fines/ jail likely?
> I wouldn't be surprised if he's made an example of even if clients get the majority of their funds back.
> inb4 I'm an idiot for having any amount of funds on there- counterparty risk- NYKNYC yeah yeah I know

>>50337613
This was the last aLink celsius had in their (officially tagged) wallets. They removed 2 mil link about 5 days ago. Anyone who still had some of their link on celsius just lost them

>>50337766
checked. rip.
i wonder how many people got wiped out because of this

>>50337766
kek
*dangles my linkys just over celsius and bancor baggies’ heads*
cmon you want my linkys dont cha? jump for em!
*jingles linkys*

>>50337766
checked
so then theoretically there can't be anymore unnatural downward pressure on link? The people who hold have little if any incentive to sell at this point (anyone who did would have sold already, its been in a 2 year downtrend against the market), the big CeFi institutions have run out of bullets (user funds) and nobody is depositing anymore cause bullrun's dead. Not saying link will pump but at the very least it can start to behave... normally?

>>50338310
Cefi still can dump bitcoin during major announcements to protect their shorts but this may not necessarily be a desirable strategy for them.

>>50338219

>>50338801
Isn't the entire strategy for shorting link revolving around using their customer's link deposits? If they're out of link, this no longer serves a purpose since they don't directly influence the short, and there's no advantage to shorting link specifically versus other assets

>>50339039
>and there's no advantage to shorting link specifically versus other assets
there is
if they shorted any other alt or shitcoin like link it would just die and their trade would be rendered worthless pretty quick
link is pretty unique in that it is a utility token that is really used and thus has a constant indiscriminate buying pressure for as long as oracles are in demand
this dynamic will stay bad until full steaking is announced, at that point the cefi circus either is in the money or they get perma rekt into the ground, but either way clients money is gone gone gone

>>50329059
>>50329078
They're just going to market dump them considering their bankruptcy filing was just confirmed.

>>50339177
While true, isn't this effectively just russian roulette for cefi at that point? If they can't influence the short its always possible that whales will counter trade them.

>>50329059
This is their last remaining tokens.
It's currently here and 2 move away from FTX:
https://etherscan.io/address/0x41318419cfa25396b47a94896ffa2c77c6434040

The good news is that this should be their last dump after which they will start bankruptcy.
Chainlink should start to show some change in its price movement in 1 week.

https://www.businesswire.com/news/home/20220713005911/en/Celsius-Network-Initiates-Financial-Restructuring-to-Stabilize-Business-and-Maximize-Value-for-All-Stakeholders

Criminals
How will selling all their tokens at the bottom help them restructure?

>>50339177
checked!

Seeing Celsius users discover they have nothing left will be a good resolution to this fuckery.

Also I am getting bombarded with Nexo advertising on twitter.
Nexo must be going all out with their advertising to try to hide their insolvency.
They are operating like a real life ponzi scheme...

Now that Celsius is bankrupt is this bullish or bearish for link?

>>50341303
We’ll just have to wait and see. We’ll find out just how much of an influence Celsius has had on LINK’s price, assuming other macro factors don’t completely anal rape us. It would be extra juicy if Nexo went under as well, hopefully that’s not too far off.

>>50341303
THE LINK TOKEN IS MEANT FOR YOU TO HODL.

IT IS MEANT FOR BANKS AND NODE OPS.

WHY CAN'T YOU LINK TARDS UNDERSTAND THIS.

>>50341580
*NOT MEANT FOR YOU

>>50341580
>>50341596
cope, buying more

>>50341303
Bullish.
The selling pressure is gone and Nexo will be left alone holding the short bag.
The price should start to recover in 1-2 weeks.