/biz/ - Business & Finance

Crypto is fucking dead

>>51720063
They apparently wont let it go past $8 no matter what. As the price and volume kept increasing before and during smartcon volume went through the fucking roof to dump it as hard as possible. There was significant and consistant price growth and it's been relentlessly stepped on. Which parties exactly are doing this and by what specific mechanisms seems to be less known now than before. They perhaps have enormous resource, maybe very large bitcoin and ethereum holdings, automated trading platforms. Its worthy of threads of its own for investigation

>>51720873
>apophenia: the post
define "significant" "and "consistent" you bagholding moron
it just did an anemic textbook "buy the rumor, sell the news" PnD
>volume went through the roof
lmao what?? it didn't even reach a billion in coinbase + binance + kraken combined, calm the fuck down
bottom line is, if there ever was actual buying pressure they could send it straight to $30 with like half a million dollars on a single exchange due to how illiquid and paper thin the order books are
tl;dr go outside

>>51720873
im starting to think sergey really is trying to keep the price down. The way the team handled day two of smartcon by playing pre recorded vods on youtube then having live chats be released on a slow drip is fucked up

>>51720873
SirGay still has some 500M chainstannk tokens to dump.

>>51720063

They want us to kill ourselves.

In all seriousness though - one thing this will show you, ESPECIALLY if you look at Twitter traction - the platforms that gain the most are the ones that enable people to develop *on* and create projects/scams. So they need you to buy the token, in order to buy their scam vs project.

Compare this to LINK: No retail user needs to buy LINK to buy into products that build with LINK. LINK is "just" a blockchain agnostic backend infrastructure product. In fact, it is against project's best interests to talk about LINK because it would only increase the cost of their services. If I made a SOL NFT project, I would go #SOL #SOLANA #NFT etc.

If i use Chainlink as an oracle solution, I say quietly: "Yeah we use LINK oracles." No need to tag $LINK holders. We don't get hype for projects because we hold LINK, we're hyped to hold LINK. Does this make sense? I would be more concise but i'm feeling low energy rn, probably because I haven't made money in years. But my eyes were really opened when I actually looked up the stats and saw how little twitter engagement LINK gets compared to so many dogshit L1s.

No idea how XRP memed itself into its spot though - you must also remember there is high level jewry going on with some of these projects, ppl just pumping tons of money into it to keep up appearances (LINK doesn't do this).

You said you wanted to be early to something, God gave you this gift. Monkey paw style

>>51720873
it literally went to 9.2 2 or 3 times in the last few months silly

>>51720983
Its possible, he may have a huge bitcoin stash since he was mining it at the beginning. Could be big finance firms but doing it out of malice or not? Eth mev fags? anythings on the table

>>51720063
>It pumps to $8 MULTIPLE times before smartcon and immediately loses ALL volume and people sell every single time BTC pumps now.
how do you guys still not realize it's a scam? kek

>>51720937
Against btc/eth and the entire global market is significant. Against its own volume which is the only relevant comparison not some arbitrary number you fraud. touch grass.

>>51721438
>Against btc/eth and the entire global market is significant
it did absolute shit "against btc/eth and the entire global market" you delusional retard
>Against its own volume
try against the global market and btc this time LEL
>touch grass
the fucking irony

>>51720063
The time is near. Do not lose sight of the objective anon. Link will rise and rise and rise when it is allowed.

>>51720063
there is not enough interest, liquidity is low. that's fine, many projects die this way, but CL accelerates this process by high operating costs

>>51722753
Too many 300k HR useless roasties...

>>51722845
their salary will also roughly rise with inflation, adding downward pressure proportional to it, making it the opposite of an inflation hedge

>>51722845
maybe another 100 roasties would help, then the roasties can hire bucket drummers for every programmer to help inspire and promote company diversity

it will slowly creep up but most of you will rope because it will be so slow - which is good.

>>51720873
this. we have to get to the bottom of this. it can't just be the delphi cult. they must have recruited some other group(s). people higher up than we can possibly imagine. hold strong, link marines. the road ahead is long.

>>51720063
We tried to warn you.

>>51720873
>They apparently wont let it go past $8 no matter what
I remember hearing this at $26 at one point.

>>51720873
I had my eye on Link's volume during the first day of smartcon. Volume was around 1.5-2 billion which is around half of Link's total marketcap. High volume doesn't necessarily mean price exploding but it's interesting to note.

>>51720063

>>51720063
It's 100% useless anon. Don't be retarded. The time to ride link was 2 years ago. This is just embarrassing watching other anons fuck with u 2022 link baggies.

>>51726658
You would think, that's 2 billion that's going to be held for a while. Still not sure who's selling at this point, old whales capitulating I guess.

>>51726896
Old whales on average have actually grown their stacks over the years if you follow all the top wallets

>>51726896
This is what I first suspected but like the anon above me said, the top wallets have all supposedly increased their stacks over the last month or two.
https://youtu.be/_tdUEOIU88g

Check to 13:15

>>51729086
people who were smart enough to accumulate whale stacks are not gonna suddenly capitulate, you retards

>>51729173
We know that my original point was link's insane volume during smartcon.