/biz/ - Business & Finance

There is a laundry list of people suppressing this token. Celsius/Mashinsky, SBF, Simeon and Nexo, Sergey, SWIFT, too many to list. This isn't going up until we all capitulate

>>51005079
But why? Why just not let it go to $100 during the last bullrun? So many tokens did 1000x regardless, LINK could’ve went to $100 and had crashed with the market anyway and it would’ve been fine.

>>51005106
That’s all retarded cope bullshit. It’s just people selling because it’s a useless coin. On paper chainlink is an amazing project. In reality no one really needs oracles.

>>51005134
All I needed was $100+ to put it through my thick skull I should sell. But unfortunately my retarded gambler brain didn’t get the price target, and now I’m down 90%. It’s my fault obviously, but that’s all LINK needed to do and my life would’ve been so much better.

Because the team scammed their own investors. 500k weekly dumps, shilling celsius who actively shorted them. Sergey’s karmic debt is MASSIVE at this point, which helps me sleep at night

>>51005106
That was sarcasm anon. Fact of the matter is the public has no reason to buy this over a shitcoin going up 3x in 24 hours, or something like ETH which you need to send said shitcoins to a DEX. LINK would've gone to $100 if they released 0.1 last summer, or someone like Elon or Mark Cuban tweeted about it. That's how fickle the markets are

>>51005134
>In reality no one really needs oracles
Well over 99% of blockchain use cases require oracles. Chainlink is more valuable than every single other crypto project combined

>>51005217
Cope
Just look at the price.

Why do you faggots let sergey off the hook. Why arent we suing them for fraud seriously

>>51005192
Real shame Sergey never did ANYTHING to hype up token price during the bullrun, they could’ve sold less tokens for a higher price and had a larger war chest, but no they just couldn’t do that. A real shame.

>>51005408
yeah this is the best and worst thing about the team
could pump the token so much if they wanted but instead are completely pure

>>51005217
nah, you're just simple-minded
half of the interesting usecases don't need oracles
the other half get more from truly decentralized oracles than centralized oracle aggregators masquerading as decentralized
realistically there's no need to tie a shitcoin to a robust decentralized oracle system

>>51005432
Yeah, really hurts in retrospect. I was completely unable to mentally sell any LINK under $100. $100 was the first mega cash out point for me. Less than a 2x from making it and now I’m sitting here on a Friday night depressed wondering what could’ve been.

>>51005050
Token not needed.

99 link threads today and every day and for that reason alone I hope it goes to $0

>>51005408
He has had quite a few mishaps in the last two years including:
>Featuring Celsius/Bancor prominently as partners
>Selling way too many tokens at once for "node incentives"
>Just tweeting about binance casino shitcoins instead of Fortune 500 partnerships
>Overhiring roasties and marketing deadweight
>Releasing new years video and not delivering 8.5 months into the year

Let's hope the CEO change rumor is real

>>51005050
alt season cancelled, we had dogcoin season instead

>>51005050
Because the token just isn't needed.

>>51005486
All that was needed was just SOME sort of staking coming out last year, and the hype would’ve been huge and easily pushed LINK into triple digits. I don’t understand why Sergey couldn’t just do this staking 0.1 stuff last year, and everyone would’ve won (both team and investors).

>>51005432
>pure

The Fuck are you smoking

>lady luck
>celsius
>staking “almost finished” in 2019

>>51005510
Because hes a fucking scam artist, thats why. And staking still isnt ready now, nor will it be at ANY point this year

>>51005486
The problem is he didn't say his plans got delayed by the ETH merge delay.
Look at this slide from his initial presentation.
Not only the growth in contract calls got stalled by the mini bear market this year, but CCIP was a big plan for this year's increase in smart contract usage.
You don't add 50% of your previous year's contract usage in 2 month when releasing a new feature.

This chart hints that the release of CCIP got delayed and reality won't fit with this chart.
It will be interesting to see how Sergey updates his chart after this year ends.
We will then likely see that the smart contract growth has been slower than expected in his initial planning for this year.

All the important features bringing new income sources and growth have been delayed by ETH. This delay is 5-6 month this year, but the reason we had to wait so long for staking is because ETH kept delaying their updates and not delivering on the scalability.

>>51005050
It's a wonder it even hit 50. The only reason it did so was because long time holders hyped it enough to offload their bags for a 250x profit. Ever wonder why the OG's all left /biz/?

>>51005151
kek same, triple digits and I probably would have cashed out a little and been chilling. Instead I'm poor and worried

>>51005605
Someone in the official LINK discord confirmed that staking is not delayed by the merge, has nothing to do with it

>>51005050
It’s because that faggot Elon tweeted and ended the bullrun

I am excited to receive stanking rewards from LINK token on the Chainlink Laboratories token network. This is a very good opportunity to buy Chainlink token to stank soon. After Ethereum and Chainlink token networks merge they will be a the largest stanking network in all of the Metaverse and not even Santoji will be able to stop the APY from going onto the moon

>>51005605
>updates his chart after this year ends

LOL

>>51005050
Because it's not worth $100. It only reach $50 during peak euphoria ffs. Even if the token did represent a part ownership in company which it doesn't, how much profit do they generate to justify that kind of valuation?

>>51005134
They are all a scam until someone completes something that actually does something lol.

>>51005652
Now just at gym peak /doomer/ vibes. Even if LINK goes to $100 in 5 years the time I wasted by not selling 10k LINK at $50 makes this shit suck.
>>51006304
Was LUNA worth the top 10 marker at the top? Point is LINK should’ve done more. Market makers sucked and also Sergey didn’t hype correctly.
>>51005605
Still could’ve BSed some hype but oh well.

At the end of the day, if Sergey was dedicated to building a massive ware chest by selling 700k+ LINK weekly, why didn’t he just hype the token during the first half of 2021 and get $100+ LINK? Would’ve been better for everyone involved.

My gut just tells me something isn't quite right with Chainlink at this point. I've really been iffy about their marketing leading up to SmartCon. First of all the initial pricing was outrageous. Whoever came up with $1477 should be fired. Absurd and unforgivable miscalculation. That fuck up has led to one of the most pathetic and desperate attempts of saving face I've ever seen. It's clear no one was paying $1477, and so they had to do huge discounts all the way down to $249 and come up with all sorts of incentives begging people to come. As soon as we got the Big Mac shit I just can't wrap my head around what the fuck they're thinking. First of all, it's insanely cringe and fucking lame that they're directly acknowledging the Big Mac shit. Second of all, it's screaming desperation. Something about it just really pisses me off that after 5 years, where we missed the bull run and have now gone down 90%, this is when they decide to reach out to their most dedicated supporters? I really don't understand the thought process. A part of me is concerned about how naive and daft they are, do they really think people are going to be stoked to sit face to face with the guy responsible for the last 2 years of pathetic price action? Unless they've really got something huge up their sleeve for SmartCon (seriously doubt it) then I'm just amazed at what they were thinking beyond pure desperation.
>>51005486
>Let's hope the CEO change rumor is real
This is quite possibly the dumbest fucking rumor that has emerged on this shithole. Was it really a rumor that just started because some retarded faggot noticed that Sergey's title on the SmartCon website is just "Co-founder"? See pic related and please put this retarded "rumor" to rest. He's been strictly referred to as just co-founder for a very long time now. And no, Eric Schmidt is not going to become CEO. He's way past that point in his career.

>>51006458
He's a fucking retard, he's not the God /biz/ makes him out to be. Biggest bull run in crypto history and he fumbled it completely. Bagholders will come up with a bunch of cope to justify it though. So fucking glad I didn't mess up the second run up in July. Also it was sort of obvious on one hand that Link wouldn't do shit after 100xing in a bear market.

>>51006415
>why was this massively overvalued internet token valuer higher than my massively overvalued internet token

>>51005151
If it makes you feel any better my price target is and always has been $60. Imagine how much getting to $53 and then dumping endlessly stings for me.

>>51007205
My price point was literally $54 and it didn’t hit so I didn’t sell and now I’m left bagholding this shit I bought at $51 imagine my fucking stinging

>>51007376
I bought at 11 cents and would have retired at $60. Frankly I could have retired at $53 but set a round number and decided to stick to it. You on the other hand are just a cunt with nothing better to do than post inane shit on a message board filled with losers.

>>51005577
>unchecked holy dubs in a link bread
it is truly over

>>51006706
Sergey is too goodhearted in a space full of criminals and con artists. It's as simple as that.

>my ID
what the fuck did kek mean by this. also I have been seeing 216 every fucking where.
inform the kikes their reality sim is broken

>>51007394
My price point was $53.69 for retirement. I did not sell. You will never know how this feels.

>>51007394
So you’re an idiot. Guess it’s ok, not really.

>>51005648
I’m still here, and so are others. But yes, sold some and buying a 500k condo from that.

>>51005079
Everyone would capitulate at $100 though or $1000 its not like everyones going to hold everything till $81k

>>51007394
Go cry to your fucking mommy faggot

>>51007517

>>51005217
You are correct, but the problem is link don’t need retailers, so the token is useless to us.

honestly if you didnt take profits on the way up you are either
>a latefag
>a poorfag
>too greedy
and deserve your current predicament
anyone with a decent 2018 stack (five figs) have no excuse. the game plan was simple, pick some price targets (10, 20, 50, 100 etc) and exit with a small % of your position at each increment and improve your life while you wait. just selling 1k at 10, 1k at 20 and 1k at 50 would have netted you 80k, for a mid 20s guy this is enough to ride it out until you make it or enough to get a mortgage and start a business
making it with 100% of your original stack with 5 years spent in squalor or 90% making it moving your life forward, make your choice

>>51006699
yeah that smartcon stuff has been bizarre especially with the collapsing of Bancor and Celcius. We would need a major fucking turnaround to make the micmac with Sergey even slightly less awkward. who knows maybe we are on the precipice of a huge bunch of announcements.
I've been buying more but it is painful.

>>51005934
Post proof with statistics and an explanation for the "early announcement", DON staking wallet movement preparation in April, unplanned crash of both ETH and Chainlink and silence after that when the merge got delayed.
Someone from a Discord telling you something didn't happen is as believable as a jew saying he didn't steal your money.
In the best case he really believes this because he hasn't been told anything due to fears of information leaking, in the worst case he is lying.

Price movement is like water waves. Sergey created a big wave with his initial announcement, and when nothing happened this wave created a very strong reflection which pushed the price down with the same strength it pushed the price up.
He went through multiple crypto cycles and should know better than anyone what happens when you create hype and let it die.

Staking needs a high earning income source and increased efficiency to be tolerable by node operators as it decreases their profits.
Many things hint that they were waiting for the merge to improve the situation. For example with CCIP, but also the partner growth program and becoming more important in the ETH infrastructure and getting recognized as a public good by it with the advantages this brings.

>>51005466
its collateral

>>51007966
Idiot. No one who was early on this was looking to get a mortgage on 80k. We could still sell our link for 80k today. We genuinely believe this is going to 10k+ at some point. Call it greed call it delusion but it was never the game plan to DCA out at minimal levels less than $100...

>>51007966
>honestly if you didnt take profits on the way up you are either
I am a poorfag and have taken profits for the past three years. I have sold around ~1000 link, a pittance compared ot my total stack. I pay bills because my lifestyle is slightly mismatched with my wagie job. If you want to know what bleh feels like it is selling link to pay a power bill. Having said that I am glad I have been selling.. but also annoyed I didn't sell a bit more when it was above $40 as it would have resulted in me selling less now.

>>51008243
Not yet, right now it is for payments like ETH