/biz/ - Business & Finance

The remaining LINK borrowing wallets can be seen here:
https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances

This is the behavior of a gambler with no stop loss like Alameda and they got bailed out through the FTX crash as there was likely not enough liquidity without that event.

The biggest wallet which once had a 990k LINK debt repaid everything to withdraw ETH an convert it into mainly PAX Dollar USDP and USDC.
https://etherscan.io/address/0x9571140e9e02dd219f9984d1b2df771cef207626#tokentxns

tnn lol

The 16.5 million USDP seems to have been then sent to an exchange or some big entity with a high amount of BUSD:
https://etherscan.io/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1?a=0xc4ce5308eac575ebebe68f03ea032d2ae9378252

https://etherscan.io/address/0xe25a329d385f77df5d4ed56265babe2b99a5436e#tokentxns

Coincidentally Sam or someone related to him dumped 3.5 million LINK token stolen from FTX 2 days later.
The tokens were moved in this TX during the theft:
https://etherscan.io/tx/0x5501f92b6a8c17803ec6b4dd714ee99ed785c084b9e079b42a82737f5e15ad36

And sold through batches on DeFi a bit later like here:
https://etherscan.io/tx/0x601937e53eee3d26f71cd46bb7eb579fe46427337288eb7d74842de125a476bb

This may have impacted the LINK token liquidity and its current price action in addition to the FTX crash.

An interesting thing to note is that the short seller seems to have lost confidence if they decided to reduce by more than half their short position during this crash with a small profit incompatible with the high amount of risk and stress they endured for holding a losing trade for so long.
They were likely trapped before and unable to access millions of LINK token liquidity without moving the price further away from their break even and FTX's bankruptcy gave them an opportunity to find this liquidity.

Is there a way to find out who these wallets belong to?
https://etherscan.io/address/0xc4ce5308eac575ebebe68f03ea032d2ae9378252#tokentxns
transferred USDP to:
https://etherscan.io/address/0xe25a329d385f77df5d4ed56265babe2b99a5436e#tokentxns

bump

>>52540183
So he still made profit shorting link even given years of price collapse? Is it that easy?

There are a lot of movements on this wallet but mainly of BUSD:
https://etherscan.io/tokentxns?a=0xe25a329d385f77df5d4ed56265babe2b99a5436e&p=1

It seems to connect to Binance for deposits when looking at some of the addresses which deposit on the main address:
https://etherscan.io/address/0xc4dd2836607e77deea00659723fdaadf044d37d3#tokentxns
https://etherscan.io/address/0xc76cd7ae2be889128affd9c6dba21482331fedab#tokentxns
https://etherscan.io/address/0xf94917754ef3844398c0ea4cd27b924fb37b3417#tokentxns

But what is it doing?
I also see movements from Binance to Binance US here:
https://etherscan.io/address/0x40744e4bcba67e42fc52f3de3c7ab637b3d7556b#tokentxns

Do these wallets belong to Binance?
Did the person or group who shorted LINK used Okex to deposit their ETH and Binance to withdraw their stable coins in order to hide their identity?

Okex and Binance must know the identity of this person/group.

>>52540217
Faggotolduncle finally closing his shorts. Lmao.

>>52540183
What a lucky fella.

Prepare for a massive wave of fudders over the next few days for releasing this.

>>52540467
He was bailed out by Sam and CZ after being stuck in a losing trade for month.
The assumption that there was not enough liquidity was correct.
He certainly did not short Chainlink with this size at $7 to buy it back at $6.
In this case it would have been better to trade the accumulation range Chainlink was in.

>>52540589
The size makes even that $1 move very profitable.

>>52540589
So Link is going to $2?

>>52540467
At multiple moments his short was down by $10-15 millions at current prices knowing he would not be able to buy it back without pumping the price by $3-5 higher if he tried to buy it back increasing the losses to $30-40 millions.
He barely made $2-4 millions on it after risking liquidation for half a year after borrowing $33-40 million worth of LINK tokens.

>>52540385
paxos usd was one of the tokens link team pulled from celsius. kind of an obscure stablecoin not saying its them but maybe

Based thread.

>>52540648
I wish i got $2-4 million on my bad trades

>>52540648
Could have made more staking stable coins

>>52540615
That's pure gambling of someone with no risk management and no stop loss.
Likely a psychopath like Sam or like someone from Alameda.

You don't risk your money for a 1:0.5 risk reward as a trader.
You should at least have an expectation to double the gains you are risking to lose when making a trade.
The only way the risk would have justified this short would have been if Chainlink went to $3 quickly after it as opened and this short seller could have found the liquidity at that price to not pump it back while buying.

In reality this gambler risked $20-25 millions when adding liquidity risks in order to make $3 millions after FTX went bankrupt.

>>52540691
was the point to suppress link at all cost?

>>52540710
take your medication shizo

>>52540650
I think Paxos is using Chainlink Proof of Reserves.
CZ said that BUSD was also managed by Paxos and was supposedly collateralized with real dollars.

In that case the attacker used 2 stable coins from the same source.
Maybe this is seen as the safer option for stable coins currently.

>>52540627
The short seller is heavily worn down from holding this trade for so long and does not believe the token can easily crash to $3 or he would have held his short longer.
He was trying to reduce his short by half of its size while FTX was crashing.

The FTX "hacker" also dumped 3.5 million LINK tokens stolen from customers 1 and a half fay later.

I can't predict what will happen next, but this would be an indication that we are closer to the bottom if the biggest short sellers are trying to close their positions and FTX can't short LINK directly anymore after dumping all their remaining tokens.
They possess 200k of stolen ETH and used 25k to create fear in this market today by dumping it for RenBTC.
This is the last of their remaining power to induce fear in the market.

FTX was the main exchange for Celsius and Nexo.
FTX being gone will mean it will become a lot more difficult to continue shorting Chainlink like they did before.
This likely contributed to the Aave borrower closing his short.

Binance will not allow the remaining short sellers to do what FTX did and use fake paper tokens with derivatives to manipulate the price of the token held by their users.

This salty ass stink marine lmao

>>52540850
Absolutely based research autist thank you for throwing pearls in front of nubiz swine.

>>52540715
You admitted yourself they could have made more with less risk.

>>52540850
So will we see this wallet close its short completely? And link 3 digits next cycle?

>>52540933
Happy to help.

By the way do you remember the change in Binance's stance with Chainlink a few days ago?
It's difficult to see but the balance of power is moving behind the scenes.

Unfortunately we have to endure the bad situation created by FTX, but in a way we are getting the liquidation of the short sellers we expected, but not in the expected way.

Celsius sold 8 million LINK tokens belonging to customers before going bankrupt on FTX.
FTX shorted millions of tokens because they didn't hold the token balance.
Nexo dumped their customer's assets.
And the Aave borrower reduced his short size by half.

The short sellers are losing power.
FTX being removed from the picture means future buying pressure will be realized and not paper promises and will make it harder to manipulate the price.

>>52540933
What have you ever contributed here?

>>52541178
We're anon here. What a dumb question.

>>52541057
They will close it at one time yes.
But this depends on what happens next and if something manages to wash away this extremely negative sentiment and liquidate the massive shorts on Bitcoin from TradFi.

LINK at 3 digits should be possible if the breadcrumbs work out as expected.
I am waiting for the staking release to make my next evaluation, but the price suppression we have witnessed this cycle is so exceptional that we should assume in the eyes of this group Chainlink to be a lot more valuable than its current price.

They are still paying for fud on /biz/ in the current situation when most companies shorting it have either gone bankrupt or been weakened.

>>52541164
Lmao, no matter where linkies go, they're deposit always gets dumped and shorts never have to cover since they'd rather go bankrupt instead.
The absolute state.

>>52541280
It's actually really a sad state of affairs. Just imagine if all those greedy/lazy Linkies put everything in cold wallets like the rest of us. Then again, staking releasing 2 years earlier would have also saved us from this fate.

Thanks OP. Good info.

>>52541329
link was the first non stable erc20 to gain a large mcap and liquidity I think. If only everyone knew what that would ultimately mean for the token price.
Sergey did absolutely nothing to help as well.

>>52540183
Oh nice, a linkie cope thread to explain why it's just following the market like every other token. People shorted every token, because its been incredibly profitable.

>>52540850
Outstanding thread, OP. Would love to hear more updates as this progresses.

>>52540183
Great info OP. God Speed.

>>52541259
Where do you expect LINK to bottom?

>>52541164
the real redpill is that the only reason these companies were created in the first place was to steal link from retail and then redistribute it back into the market.

>>52540217
>They were likely trapped before and unable to access millions of LINK token liquidity without moving the price further away from their break even and FTX's bankruptcy gave them an opportunity to find this liquidity.

lucky bastard

>>52542166

Yeah. Fucking cunts making my life hell.
They were so close to liquidation. $10.50+ would have done it. Then the rug fell just because of FTX. I have no doubt that rally would have breached 10$ before a correction if not for the FTX ugly deranged orgie gang

this thread itt is so gosh darn redpilled

I hope ChainlinkGod, Bob4Punk or one of my other favorite twitter posters retweets this thread

It's crazy cause I was done with this shit, no more trading, no more liquidations, just hold spot

So I did that and was like phew, now the only thing that can screw me is if crypto goes to zero, haha

And it's actually going to zero

The lesson?

I have no fucking clue

I was also discussing and discovering all of this information before summer with OP.
What did i learn?
This space is fucking gay and RETARDED.
How much fucking money was there on the table in liquidating these cunts? So much. We provided proof upon proof of their positions and how vulnerable they were. Not only that but it was on an asset with incredible fundamentals and news coming.
Did anyone use it? No. This space is FUCKING RETARDED. Look now, it was obvious true(not that there was and doubt) and what else? It is fucking indeed all linked to FTX with this bullshit manipulation and suppression. Literally all these “players” linked by FTX. Was it “schitzo” noticing BTC dumping? No because they we’re protecting their vulnerable LINK positions.

So much information has come to light proving it all. We already knew and showed everyone. Did a single counter party hunt them despite this free money in doing so? Nope. Why? Because this place is so fucking amateur and full of retards, and thats as much the retail niggers buying cumrocket as it is these rich VCs.

Im glad these fucking cunts are now nuked out of the picture but im FUCKING PISSED it was with a wimper rather than a bang it could have been and they deserved, especially in light of handing this information to hunt them out on a silver platter.

>>52542415
Every strategy becomes stale, even if the HODL will become good again soon enough.

Say it with me: “I fumbled the bag this year.”

Internalize this. It’s unfortunate, but quite the lesson. You shouldn’t get blown out nearly as much next time.

>>52542226
You realize plenty of projects had that same fake breakout into the massive ftx dip. It's called a bulltrap for longs.

>>52542415
To add: the same volatility that made you paper rich (I assume) in 2021 is why no one has any idea how low a bear market can go. Then add on the unknown leverage wound up in these CeFi black boxes, and you’re playing roulette.

>>52542428

Idk even know what you are trying to say.
The fact is i along with OP did manor diligence on chain and connected some rather obvious pieces to find an incredibly easy short squeeze. Did anyone take the information and make millions for free? Nope.

If this was traditional markets, these absolute amateurs would have been raped for taking such easily figured out positions where a few frog posting niggers like us could have figured it out. No question they’d have been lambs for slaughter.

But nope. Its crypto where sloppy retards with too much money both get away with such positions even when everyone starts sharing their weakness and other similar retarded amateurs cant figure out how to even hunt each other when the hunt is done for them

>>52542431

No. Go look at the LINK/btc pair. It is and was in clear uptrend counter to everything else. You’re also a fool if you didnt see it was breaking out of huge resistance right before that event understandably caused it to rug.

The people with that short were going to be absolutely slaughtered but they got saved by luck. A dew days was all it would have took for the price to liquidate them before an epic correction

>>52542472
Something I’ve picked up over the years, when someone says something you don’t understand, you can ask “what did you mean by that” and then you can get some context

>>52542518

You’re on a tangent and just made all kinds of assumptions about me and my position and started talking about it when it had nothing to do with what i was talking about(how these whales didnt hunt them when the information was out there and plain to see).

Thats why i said what the fuck are you talking about nigger.

>>52542539
hearing things, hearing big things, hearing things from all directions, the hearing is getting loud, can’t even handle how much hearing you’re about to experience, truly a new paradigm in hearing things about hearing things, if only everybody hears the things I hear

>>52542568

This is a bot trying to 404/archive this thread ASAP buy boosting post counts. Why? Because as proof in this thread, vulnerable short on LINK to being hunted and losing millions, and a free lunch for whoever does it with basically no resistance now that the FTX cult is gone and protection is gone.
No longer responding, but everyone should be aware he’ll change IDs or maybe not, but try boost post count with pointless conversations trying to bait responses to get thread archived.

We also learned in summer whoever was involved in these token movements and positions were reading biz threads about them as they reacted swiftly when exposed

>>52541047
kek, shut him up

Also, you 140+ IQ guys are too fast for me. Is what you're saying is.. Short Squueze?

>>52542667
>>52542645
meant to post an image for attention

>>52542402
finrekt

>>52542667
earlier nexos was on the verge getting squeezed but then sergey bailed them out by announcing his 75m dump which instantly cratered the price.

>>52542667

Yes. It was shared and broken down here in excruciating detail early summer. I was also sharing the wallets that got NEXO raped in 2020 back then.

We made countless threads breaking it down. Was a easy risk free short squeeze yet nobody took it because the people with money in crypto are just as retarded as retail niggers buying doge. Had it been tradfi markets they would have been nuked before anons could have even figured out they were vulnerable.

>>52542696
The people with skills got them by working in traditional markets, which generally means they're legally not allowed to use company money to glass these roaches from space, even though they'd make a fortune doing it. They'd also be doing an unfettered good for the world so maybe thats the other reason they leave it be, can't break that track record

>>52542733

Yeah makes sense, but you’d think some entity like binance would notice and nuke them for all the free cash. I refuse to believe the information didnt get to eyes that would have been capable of using it.

Just amateur all over.
Even Chainlink labs themselves would have been capable of genocide on these cockroaches by just doing a buyback. It wouldn’t even be shady in terms of whatever the SEC think. Its pretty standard practice and most big companies use it as a form of short seller protection these days too.

sub-90 IQ here, so does this mean buy LINK?

>>52542696
>We made countless threads breaking it down. Was a easy risk free short squeeze yet nobody took it because the people with money in crypto are just as retarded as retail niggers buying doge. Had it been tradfi markets they would have been nuked before anons could have even figured out they were vulnerable.
Scariest thing about this market in retrospect is that linkies were still some of the smartest money despite getting cucked by link's price action. /biz/ was right about everything but wrong to think anyone would notice.

>>52542822

It means you’re about the same level of operation as the whales with money in crypto

>>52542693
>>52542696
I do pay attention to Link threads but I swear the sleepy spell has power here, like I literally do fell sleepy.

Ill put some more money on Link anyway, bought some the other day, thanks anons.

Oh and I swear these threads get nuked. Couldnt remember Sergey bailing out Nexos but I do remember them going insolvent

>>52540552
Kek yeah (((lucky))) am I right?

>>52542836

Yeah probably and when you word it that way it makes me feel fucking sick, delirious and mind fucked how reality is unfolding.

The market stays irrational longer than you stay solvent/sane. Link may be the most extreme example of this ever.

>>52542837
It's awesome I have potential to become a whale even with sub-90 IQ, guess I'll start dumping paychecks into LINK kek

>>52540183
>>52540199
>>52540217
>>52540385
>>52540467
>>52540522
>>52540589
>>52540648
>>52540701
>>52540740
>>52540850
>>52541164
>>52541259
tldr wich coin should I buy or sell?

smart anaons when’s a t good time to buy link? $4? $3?

>>52541259
i like your thinking but the chart for chainlink still looks like dogshit there still needs to be some sort of catalyst or change of public opinion to get things moving again atm this coin is just a bloated whale filled with hr roasties and staking is already priced in. i see nothing new in the short term which is going to change the market sentiment surrounding these facts regardless of short sellers leaving or not

>>52542816
Binance saw Chainlink as their competitor until this week when they announced using it on the BNB chain.
The goal of a whale is to force their competitors into a position of weakness, because they hope to get to buy them back for a cheap price.
That was the goal of CZ's announcement of "helping" developers through Binance Labs.

It will take a few weeks at least to see how everything which happened this month affects the future power dynamics.
But what we can expect now is the shorting CeFis will stop shorting so heavily most tokens including Chainlink.
Binance will be less predatory against Chainlink in the future.

Chainlink should have a major year in 2023.

>>52542693
As for the 50 million token announcement they moved around 18 million of them to Binance at the end of August, but this added liquidity seems to have been mostly quickly removed in 1 month.
Those token were likely sold OTC to Chainlink's partners and they should have some form of vesting schedule in that case.
A real partner which expects to grow their business with Chainlink should have similar 5, 10 and 15 year plans for their business and not behave like Sam dumping the next second on an exchange.

I don't have the update chart with the data for last week but the Chainlink reserve on exchange on the 15th of November decreased to a similar level as what we saw in December last year.
Of course this is partially caused by the exchange run and people withdrawing their token, but this displays a change of dynamic which last happened in the opposite direction end of December 2020 before the bull run when the BTC bull run started.
The crypto bull run last year was heavily impacted by the derivative market which allowed institutions to manipulate the price and move the money flows away from the real spot holdings and into fake paper products.

>>52542919
Smart anons who are bullish long term will tell you that conservatively LINK will reach $100 if it succeeds. If you want to take their word on it I would work backward from $100 to arrive at an entry point that makes sense for your financial needs.

>>52542994

I must have missed this binance/chainlink pivot can you share? I was going a shit 24hour fkight and jetlagged to shit the past days

>>52542973
Whenever I see terms like hr roasties I filter the post as a fud4fun nigger, I suggest others do the same, if you actually believed the hr salary fud it just shows how dumb newfags who bought link are. Won’t respond again so as not to derail an actual informative thread for once.

>>52543044
https://twitter.com/BNBChainDevs/status/1593279157663842308
BNB chain sucking Chainlink's cryptographic cock for 9 posts straight. Very odd considering Chinance oracles should deprecate the need for Chainlink on BNB.

The current risk is for an exchange heavily reliant on derivatives to go bankrupt if the price of the token moves too quickly and they don't have the spot token liquidity reserve to compensate for those moves.

FTX may have gone bankrupt partly because of derivative manipulation going against them, but this can still happen to another exchange with too many derivatives.

The FTX related group used paper derivatives to manipulate the price of crypto and tried to reproduce what they did to silver and gold.
However blockchain technology with self custody was created exactly for the purpose of making it easier to see who swims naked and to make these manipulations more difficult.
We saw a first result of a successful bank run against a cheating exchange with FTX.

A corrupt exchange can print an infinite amount of paper promises for a token but if everyone withdraws those tokens then they won't be able to survive if they cheated.

ETH and Bitcoin are in an interesting situation of having dangerously low exchange reserves.
This means that a smaller buying pressure can cause big price moves if there are no more sellers left.
Exchanges may not be able to cover their position on the derivative market in such a situation.

16.8% of the ETH supply is currently on exchanges and only 11.2% of the BTC supply is available.
When the short selling game ends some derivative exchanges could end up naked like FTX while the price goes up.

What goes down quickly can also go up quickly.

I can't wait until staking is here, and I mean real staking the v1.00 not this v0.01 bullshit. People will finally stop lending linkies to the shorters, there will be no way to stop the singularity

>>52543173
Still, no one has solved a medium of exchange,for crypto or at least a trusted medium... Or have they? Like, something to chain it all together I guess?

The real circulating supply for BTC may be more complicated to estimate.
If there are only 14 million token really accessible on the network then this also decreases the real market cap of Bitcoin to currently $226 billions.
Then the exchange available supply would be around 15.4% which is still a very low number.

When the supply reaches the 15% danger zone the effect of buying 1% of this remaining supply has an exponential multiplicative effect the lower the supply is and it becomes very risky for exchanges to gamble with paper derivatives.

This is similar to what would happen with a short squeeze once everyone needs to cover their shorts and there is not enough liquidity left.

Of course it's all speculation, but we have witnessed extreme attempts from corrupt governments to destroy crypto and their main hub for this, FTX, just collapsed.

It will be interesting to see how this develops.

>>52542492
>You’re also a fool if you didnt see it was breaking out of huge resistance right before that event understandably caused it to rug.
Again, plenty of projects had this exact same price movement. A clear breakout right before the ftx crash. After the crash many projects recovered much faster than LINK as well.

>>52543355

No they didnt you fucking nigger. I even checked many that week to make sure myself. Link was a stand out in breaking 2 year down trend and having maintained an uptrend since June against BTC.

>>52543319
AMPL
few

>>52543413
the ampl backed stablecoin being named spot should clue you in on what the plan is

>>52543319
ampl. the ampl backed stablecoin being named spot should clue you in on what the plan is.

>>52543319
It will be interesting to see how things develop.
Chainlink's Proof of Reserve is already used by Paxos for their token holdings and will gain more usage with time after this.

Vitalik shared a design on twitter about ways to improve the transparency of exchanges with Merkle trees:
https://twitter.com/VitalikButerin/status/1593913471967666176

I haven't followed this part a lot but the future world will need a lot more guarantees than "trust us" after the FTX debacle which should become a common memory for all the current crypto participants.
This is bullish for Chainlink's future adoption.
For example DEXs growing will increase their profits and usage of oracles.


One other thing to note is that the FTX hacker converted ETH to renBTC in order to move some of their stolen funds to the BTC chain.
Something tells me this was an attack against that protocol to be used by a future regulator, because FTX hated BTC more than anything and never held it.

I don't think they would have managed to do this with CCIP.
The Chainlink DON oracle network would have paused the transactions temporarily and could have prevented this transfer.

While CCIP is still not officially released, once it is we will be able to see the improvements it brings to the stability of the ecosystem.
It will make bridge hacks a lot more difficult, and help DeFi to have a correct understanding of their collateral to prevent something like soBTC which was BTC for SOL supposed to be held by FTX.
Chainlink is one of the best positioned to answer the needs of the space to recover the lost trust.

>>52543366
There's one off the top of my head you fucking dipshit. Literally half of all alts had this breakout you dim nigger

>>52543355
Yo you didn't get the memo bro we don't fud this thread cos the people in it are too knowledgeable and won't sell anyway, I hope you at least remembered to sage your post. Check the discord before you post in a new thread next time.

>>52543466

The thing i hate most about crypto is that it basically fights itself to prevent becoming what it is all about: transparency and low trust.
So we get all these projects advertising it and celebrating it for years but then implement it in a high trust and opaque way because the other way is too hard or not lucrative enough immediately. Or you get all these VCs and sharks using the system to fuck everything over the same way crypto exists to prevent.

Then you have Chainlink there for years saying “we are here to prevent all that, ready and waiting” and everyone just ignores it because they want to make money fucking people over and pretending to be transparent and low trust instead. You even had fucking Celsius working with LINk just to get inside information to fuck people over. Or AAVE being used to screw people over etc.

Its fucking infuriating to watch. I swear Chainlink has to literal drag the industry up and a snail pace

>>52543562
The next cope thread at least come with something creative, lying about something so easily disproven only works on the low IQ /pol/ migrants who loaded link at $20+.

high effort thread wtf

>>52543677
It's just standard cope. Basically making up an enemy to explain why LINK is just a standard high/mid-cap following the exact same price action as the rest of the market.
>people are shorting it
Wow, incredible. People are shorting everything because smarter people than baggies know how to make money in a bear market. People are shorting every token - LINK isn't being "suppressed" by shorters any more than any other high to mid cap project. Its price action is identical to the others. Not gaining more, not losing more, nothing special.

>>52543713
how big is your stack?

>>52543713
For fuck's sake cunt there 99 other threads for you to shit up, just fuck off

>>52543590
I think the >muh /pol/ angle is weak and you should try something else. Most people don't really care about /pol/ and it makes you look like an outsider. What works on /pol/ doesn't work here. Try harder.
>>52543713
You know we know all this because we saw it happen with actual on-chain proof. There were many, many, many threads. It's not even a secret. You aren't even fooling newfags because they aren't as stupid as you seem to believe. They will have seen the OP, his elegant explanations, his research, his deep analysis. In comparison you come across as a bitter little bitch. You're doing a very poor job and it is apparent. I think you should go for a smoke or maybe end your shift early, you're doing more harm than good.

>>52543764
>What works on /pol/ doesn't work here
Meant to say what works on reddit doesn't work here.

>>52543466
Thanks anon, really appreciate your thread

>>52543566
Greed attracts the worst people to this space.
The institutions people hoped to see chose to behave the same way as if it was a TradFi ponzi and got exposed.
The only difference with TradFi is that they won't allow it to fail and banks are allowed to hold 0% collateral for infinite leverage.
If the conditions became difficult like for crypto for TradFi it would have collapsed on itself in less than 1 week.

Despite everything crypto is still more resilient.
As for Chainlink, the problem is they are facing multiple mafias across the world who want to build ponzis and don't want to see Chainlink innovations make it impossible and more difficult.

As for a more positive news the staking contract audit ended last week:
https://blog.chain.link/chainlink-staking-crowdsourced-audit/
https://code4rena.com/contests/2022-11-chainlink-staking-contest

We may finally get to see the staking contract and get more details this or next week.

>>52543590
>the low IQ /pol/ migrants who loaded link at $20+.
It was $36 and fuck you!

>>52543551
>2 year downtrend
>against BTC
>fucking dipshit
fucking dipshit

>>52543566
What you’ve said has been weighing on my mind for so long and I haven’t been able to say it as well as you did. Just spot on. It’s absolutely infuriating to witness.

>>52544139
Diamond hands that shit. Be a hero and hold til $1k. I believe in you anon

>>52544419
I'm sure as fuck not selling now. I bought more at $15 and $7.
It's just so hard, bros. It hurts so much.

>>52542415
This. I member, you did tell everyone, served anyone with a nice stack and two brain cells to rub together an amazing opportunity. Even /biz/ could have taken the opportunity if we could get our shit together, instead these dumb fucks swallow everything Sam’s shills fud them with
> haha incessantly spamming token not needed and derailing every link thread is just OGs self fudding..

>>52543812
just to be pedantic but it had multiple audits before this final crowdsourced one

>>52540530
imagine kek

i have to respect his hustle tho I would not have the kind of steel hands to have held that position

>>52541164
I would have rather seen them get liquidated
imagine how close we got, if only smartcon had been more bullish and hadn't had those dancing retards and Eric tearing into Sergey for no good reason

yes I blame that satanic pedo piece of shit. Fucking globo plant

>>52542305
shut the fuck up
even as a joke it pisses me off

>>52542437
exactly what Burry said, tho I hate to admit it...

>>52542492
stop calling it luck the FTX collapse was heavily initiated by a bankrun by CZ
he has now suddenly reversed his position on Chainlink

you think this only goes to ftx? Oldfags still remember BAND, which had ties to CZ. And CZ himself has ties to the CCP, he was on the leaked spy list.

>>52543466
have to disagree with you here anon, I know ccip could have paused it but that's not the way crypto should go, there should (and WILL) be permissionless bridges to monero and gold. Otherwise crypto will never be a real currency.

>>52544664
So how does it link together? Why did CZ fight CL tooth and nail only to reverse course?
Was he invoilved in LINK shorting but then closed his position? Is it political rather than financial?

>>52543566
it's simply the way people are, the only reason BTC succeeded was because it was a technological breakthrough that prevented these kinds of dynamics
the biggest thing to an actual breakthrough we've had since then is kaspa breaking the trillema, everything else has been shit

Chainlink staking/ccip could work and prove a breakthrough too but let's see.

>>52544718
CEXes will always fight LINK because ccip will literally make them not needed if it succeeds.
Only reason CZ changed course is because he still has BNB and the writing may be on the wall. Or he will simply reverse course again and is just pretending, we know Celsius did, fucking snakes

>>52543812
Make a thread about this man, cool information and I’m too lazy.

CZ is a bad faith actor, purposely shorting LINK in various ways. He will not use it if he doesn’t have too. LINK must be able to remove doubt about price action, then CZ will be forced to submit if retail doesn’t allow him to buy. Reminder as well to check LINK reserves held by official team, there will absolutely be more main wallet dumps as LINK climbs. The difference is that some of those dumps may actually be warranted. Final reminder is that Chainlink team is working on three stages, five year, ten year, fifteen year, they’ve said this themselves. 2023 must be successful, or actual real competitors can take its place, ala Binance if you give them enough time. CZ just flip flopped on Friedman, he was never going to bail that Jew out, he just wanted to be sadistic and have some internal documents handed over to him. He will absolutely flip on LINK if retail lets him, and retail is really fucking dumb.

Thanks for a good thread, op. Good luck anons.

based thread, thanks for the effort anons.
P.S. ignore the 90+ posts FUD faggot.

>>52545006
Cz owns the most individual Link out of everyone other than Chainlink themselves.

Very of nice threading, Originally Posting, but real question remaining: when moon? Will LINK getting to $1k?

Pls ser village. Pls tweet the coin name or is difficult to grow it I call a group on you and your sister and mother you son of basterd bich ok thanks.

>>52540850
2 more weeks. “Heavily worn down” hahahaha nice projection buddy. Youre down 90% and crypto is about to do another 50% drawdown across the board this week

>>52543812
nice
>>52545006
I thought CZ bent the knee shortly after the proof of reserves thing? I read elsewhere they (Binance) started shilling Chainlink. Haven't got the Link rn

Top thread, even if much of the technicals were over my head

>>52542994
>the wall of cope

Stop saying Binance announced Chainlink you delusional piece of shit. Youre talking about a random BNB developer twitter post. God damn thats desperate. Binance didnt announce shit

>>52543812
If they released staking details this week it would line up nicely with Newsletter #100. That would be neat.

>>52543234
As of now, this doesnt exist. Maybe a few more years

Great thread OP, as we've all been suspecting there has been an active campaign against link. Potentially an unspoken agreement between major traders. I'm seeing the collapse of these high risk orgs as beneficial for the space. Twitter personalities disappearing, I have an immense dislike for the personalities and the "degen" culture surrounding crypto. It was very different in 2013/2014 prior to Ethereum launching. The greed still existed but it was far more focused on exactly what a product like bitcoin could do.
One of the main things that attracted me to and has kept me with link is the focus on actually creating use in the space rather than printing "peepeepoopoo" tokens.
I think link would've also performed far better if the community modeled a professional image, the frog posting is getting long in the tooth and juvenile. At least the team has stuck to a more professional image.

>>52545006
>actual real competitors can take its place, ala Binance if you give them enough time
Chainlink could go on holiday for a decade and Binance still wouldn’t catch up lmao

>>52545162
>ID is an anagram of “U do kek 88”
Based

>>52543551
This. Half the alts had that chart. It was just an alt relief rally.

>>52543466
> While CCIP is still not officially released

Now youre just trolling right? “CCIP” doesnt exist either. Its an idea Sergey had, where he lied about it coming out in ‘22 when they hadnt even built it yet.

>>52545184

meds

>>52545184
Did he ever say CCIP was coming this year? I know he said staking and yes the v0.1 is a pretty disappointing cuck out on that but i don't recall him ever saying CCIP this year.

>>52544758
For anyone new reading this thread, CZ absolutely did NOT reverse course and start shilling Link. These guys are referring to a BNB developer twitter account started two months ago. It has no official ties to Binance.

>>52545221
Sergey has major integrity issues

>>52545279
> chainlink today
Did the team actually say it?

>>52545294
didnt the fat fuck said so himself in his january 1st video

>>52545251
I see.

So the Twitter trannies got together on discord and came up with this thread on how Link losing 90% of its value is TOTALLY not the teams fault for not delivering a single announced feature this year, but is instead the fault of these mysterious ((short sellers)). Sergey and the team must be feeling the heat if the Twitter trannies have been recruited to run this deflection technique. Real men take accountability for when they fail, little bitch boys try and blame someone else.

>>52545359
I don't know. Frankly I've stopped paying any attention to what the team says. I only watched the schmidt talk and the nigger dancers from smartcon this year where previously I watched every small talk remotely associated with chainlink.

>>52545395
your mom's cunt lost 90% of its value, nigger

Cool thread and buy shib

>>52545398
same thing here

>>52545279
You have bowel integrity issues. It's leaking from your mouth.v

>>52545395
This kek. They have to be paid link shillers because nobody is EVER allowed to question the team’s actions

Trannies have landed. Abandon thread. Thanks OP for the insight.

>>52545593

As soon as faggot burgers wake up. Burger incels are the most annoying thoe

>>52540217
>>52542166
>lucky bastard
Isn't it amazing how Link shorters somehow always get magically rescued from bankruptcy?

>>52542431
>plenty of projects had that same fake breakout into the massive ftx dip
Most coins did not have any kind of pump/breakout, and none of them had this exact timing: >>52545721

>>52543551
>>52545183
Matic was going pretty much flat when this exact event happened: >>52545721

>>52545827
> half of alts having the exact same pump
> "but look this one wasn't!"
This is delectable cope

>>52541259
>but the price suppression we have witnessed this cycle is so exceptional that we should assume in the eyes of this group Chainlink to be a lot more valuable than its current price.
lmao
if that was true they would be gobbling up the limited supply at serious premiums you pathetic bagholder
exchange charts would be full of wicks where people are slurping up above market sell walls
but guess what, there's none of that

>>52545934
> "but look this one wasn't!"
"This one" is the example given by deniers to prove that other alts also had the same pump.
You fucking retard kek

Virtually zero alts were having the same pump as Link.

>>52545128
stop fudding you nigger u telling me this account is fake?
https://twitter.com/BNBCHAIN/status/1593680441361502209?t=j2Cv6GvV9GuEKCG-NAFqug&s=19

>>52540183
Where can someone find insightful posts now that /biz/ is heavily censored by jannies? Where are breadcrumbs shared these days?

>>52541329
This is why I have no sympathy for them losing their coins. Fuck them, because of their greed we've all suffered, it's better they lose it all.

>>52541164
You're forgetting blockfi which was FTT house of cards. SBF propped blockfi up so they wouldn't dump FTT and SRM on their books but I assume this also meant not dumping other tokens like LINK.
Now that blockfi is going bankrupt, ally hose tokens, including remaining LINK will be liquidated in bankruptcy proceedings

>>52545162
> I have an immense dislike for the personalities and the "degen" culture surrounding crypto
it was fun for the first 2 hours but became stale really quick

>>52545006
This is why what the team is doing is retarded. If they end 2022 with the same radio silence, they will continue to have to sell metric shit tons to pay overhead. Sergey is retarded

>>52540183
let me start by saying thank you op for your high value thread not many of your caliber are still around, effort posting should be celebrated when encountered in the wild

then as to the rest of the posts here what a massive wall of really low tier effort fud, just who is still paying these retards and just how big is link going to become to warrant all of this

>>52545949
for all of us following the addressed rankings on ethplorer we know there is massive accumulation taken place across all cohorts since the june lows
cant fake onchain data you discord tranny

>>52545184
CCIP is running on testnet, you will see full release q1 along with v1.0staking

>>52541164
>FTX being removed from the picture means future buying pressure will be realized and not paper promises and will make it harder to manipulate the price.
until the next run up and they start shorting again

>>52545128
>th-that wasn't actually binance, it was just a BNB dev!
holy fucking cope

>>52542415
>Because this place is so fucking amateur and full of retards,
nigger if i had the capital to do something i would. I like everyone else is waiting for link

>>52542696
why didnt you do it?

>>52540584
it's begun

>>52540183
>>52540199
OP how did you go about learning how to use etherscan? everything just looks like shit to me

>>52545162
>I think link would've also performed far better if the community modeled a professional image
link is a hype token. this entire market is built on speculation and hype. i feel like you are in the wrong place if you are asking for more professionalism in this market.

>>52543812
Sergey is on their list like Schmidt said.

>>52545827
HAHAHA the incredibly zoomed in to-the-hour-cope. Jesus Christ. Matic had the exact same breakout in price.
>>52540701
>That's pure gambling of someone with no risk management and no stop loss.
So is having 99% of your networth in LINK and eating Ramen to survive. All of crypto is gambling. He made a lot of money on his trade.
>>52542402
>It's crazy cause I was done with this shit, no more trading, no more liquidations, just hold spot
>So I did that and was like phew, now the only thing that can screw me is if crypto goes to zero, haha
>And it's actually going to zero
>The lesson?
The lesson is that you learned exactly what bear market psychology does to someone who's married to their bags and drank the "my asset is the super secret, forever bullish" koolaid. The bear market played you like a fiddle.
>>52544232
>>52542492
>No. Go look at the LINK/btc pair. It is and was in clear uptrend counter to everything else.
Hey dumb nigger! Here's RLC in a btc pair uptrend since June. Just one of many, as like I said, most alts had the exact same chart and breakout as LINK. in fact, LINK underperformed, as my example RLC actually broke out regardless of FTX. Again, one more time, there was nothing unique about LINKs chart, and in terms of alts, it underperformed.

>>52545294
why don't you take 5 minutes and google it dude. Imagine claiming the official news source of the team isn't official enough. There's no debate over whether he said it...christ the delusion

>>52545395
Exactly. So pathetic seeing them point fingers when the team literally executed on ZERO of what they boisterously claimed they'd do in '22.

>>52546255
Where did I say fake? I said it's not the official Binance channel which it isn't. Let's see CZ endorse Link before you do all of the "bend the knee" cringe posts. A few developers using Link for their BSC shitcoins is not the same thing and you know it.

Also, how's the FruttiDino integration going?

>>52547633
source on this? You're not gonna send me a TVL infographic are you? I mean an actual source, not Sergey screenshotting the world's GDP and saying Link runs it in the background.
>>52547749
>even though you were accurate you can't say this b b because I'm emotional about my investment

ok...

>>52548355
>itsth a consthpirathy

>>52548557
Kek FruttiDino, another amazing scam supported by the Chainlink team

>>52548577
>source on this? You're not gonna send me a TVL infographic are you? I mean an actual source, not Sergey screenshotting the world's GDP and saying Link runs it in the background.

Synthetix confirmed theyre using it on testnet.

>>52548557
check the link i posted dumb fuck its not bnbdeveloppers fking nigger

>>52548659
>0 fees
oh so link token not needed was true.

>>52548454
Pic

>>52548703
0 fees for the user. Token still needed. S/C/D

>>52546053
this. link gained 4 spots in rank during the pump. other alts pumped but it was minor relative to link.

>>52548703
0 Fees for the user. Token still needed. C/S/D

>>52548454
>Matic had the exact same breakout in price.

t. literal schizo

>>52548577
>>even though you were accurate
Who else but Binance employees would be making Binance tweets, tardboi

haha oops i'm sorry did I bump this thread? my bad sorry you'll have to keep flooding/sliding it haha

>>52548826
>it wasnt the exact same hour
Cope is palpable. The daily charts are the exact same breakout. The same as most alts, and LINKs was less of a breakout than most.

>>52549537
>>it wasnt the exact same hour
Yes.
When Link pumped, Bitcoin dumped immediately.
When Matic pumped, Bitcoin didn't care.

>>52549544
The crux of the entire point was that LINK/BTC was in a clear breakout since June, which was unique from the entire market. This is completely false, as most alts were bullish on the btc pair since June, and most outperformed LINK during that time. If you'd like to shift the goalpost to the 15 minute chart, go ahead.

>>52548773
no fees = no use for token
good try sloppy simon

>>52549601
>The crux of the entire point was that LINK/BTC was in a clear breakout since June
Hell no, the crux of the entire point was you saying "plenty of projects had this exact same price movement. A clear breakout right before the ftx crash".

Which is completely and utterly wrong, as proven.

>>52549601

you:
>LINK HAS BEEN IN DOWNTREND FOR 2 YEARS HAHAHA CHAINSHIT COOE NIGGERS TRANNIES WEF COCK!!!!

also you:
>NOOOO LINK WAS PERFORMING JUST LIKE EVERY OTHER COIN THAT OUTPERFORMED IT FOR YEARS.

Nice job ignoring the breaking of the 2 year downtrend you desperate little cockroach. You think tourists and newfags are that stupid to fall for what you are attempting? It ruins your efforts and makes them ignore you.

>>52549661
>Hell no
Wrong.
>>52542492
>No. Go look at the LINK/btc pair. It is and was in clear uptrend counter to everything else.
>>52543366
>No they didnt you fucking nigger. I even checked many that week to make sure myself. Link was a stand out in breaking 2 year down trend
>>52544232

You are the first to limit the qualifiers of "breakout" to the 15 minute chart. The LINK daily against USD is identical to the general alt market. If you'd like to narrow it to the 15 minute chart to desperately make a point, that's fine.

>>52549811

Here's how it went: Anon posted this:
>>52542492
>You’re also a fool if you didnt see it was breaking out of huge resistance right before that event

And then you replied:
>plenty of projects had this exact same price movement

Which is obviously false.

>>52549749
>you:
>>LINK HAS BEEN IN DOWNTREND FOR 2 YEARS HAHAHA CHAINSHIT COOE NIGGERS TRANNIES WEF COCK!!!!
Never said this. Desperate strawman.
>Nice job ignoring the breaking of the 2 year downtrend you desperate little cockroach
Never ignored it. I said it was par for the course for the general market - and a little bit less of a breakout on the BTC pair than most other alts. I even posted an example pic of RLC that started its BTC breakout at the same moment, in June, and has done better in that timeframe.

>>52549842
Its not false. The alt market started eating at BTCs market share in June, nearly all of them.

>>52549842
>You’re also a fool if you didnt see it was breaking out of huge resistance right before that event
And again, you're ignoring the crux of his argument - which was
>No. Go look at the LINK/btc pair. It is and was in clear uptrend counter to everything else.
This is demonstrably false. Youre grasping at straws.

>>52549882
>>52549919
Forgot to change IDs lol

And what I replied to was the part about the breakout right before the crash.
The BREAKOUT, not the trend.
Link was the only one breaking out right before the FTX crash.

>>52543234
this. Good hopium thread, I just bought another 500 after reading it

Stop responding to these faggots and stop taking their fucking bait. I know its hard. They will do and say anything to get you to respond , even posting blatantly stupid things like he has been because he WANTS you to respond and using lame easily identifiable fud is an easy way to do it.

He wants the thread to slide and be archived as there is very valuable information in this thread putting him or his boss a risk. Reminder: last time this information was shared the person was moving funds about and closing positions immediately. He DEFINITELY KNOWS ABOUT THESE THREADS.

He proved us all right by closing half his short, and was a degen close to liquidation and still is for not closing it all. He can easily be hunted still and this is basically free money for anyone who has the funds to do it and he does not want this thread’s information shared.

The only defence is to get it archived also by spamming posts and baiting replies.

STOP RESPONDING TO THIS NIGGER.

>>52549992
anon if faggots are still engaging with obvious bad faith actors this message will be lost on them

don't worry though I intend to keep this thread bumped and then repost it after it dies because the response it engenders is funny

>>52549992
If you want people to see your information, isn’t it better to keep it bumped to the front page?

I think anons did listen to the thread and buy more, causing pumps, but then institutions or whales or whatever kept initiating bitcoin dumps to stop any impending chainlink short squeezes. So it's not a failure of us anons, it's a failure (or rather a malicious coordination) of institutions. If you have a preponderance of capital working together to stop short queezes on link, even other funds or whales trying to cause them won't be able to.

>>52542641
Two of the posts I've seen on Twitter verbatim. Bot is just copy pasting from twitter.

gentlemen the details and roadmap for chainlink just drop on their blog i will not post anything here because it will be called into question so go see for yourself
its beyond catastrophic

>>52549942
>And what I replied to was the part about the breakout right before the crash.
I had two thoughts, so I responded twice, both of which you ignored, conveniently. So, yes, you decided to ignore the crux in favor of the 5 or 15 minute chart. Again, the LINK breakout was identical to most alts on their daily charts. Youre ignoring the claim of
>btc link pair was in a breakout since June, counter to the entire market
Which is smart, as nearly all btc pairs brokeout then, and LINKs was on the smaller end.
>>52549992
>stop responding please!!!
It bumps the thread nigger. You are so desperate for an in-group narrative to cling to.
>>52550125
>i think anons bought more causing pumps
Hilarious. Once again, LINKs price action is identical, and underperforming, to most alts today. LINK is just another token reacting to the general market. It doesnt pump the most, it doesn't dip the most. Nothing special.

>>52550364
>14 hours of seething and damage control because OP hit the mark
Hahahhahahahhahaha eat shit you esl cockroach. Just go back to spamming the catalogue with fud threads that no one reads or cares about.
/spit

>>52550540
go stake your link for 2 years disgusting shill

>>52550364
>LINK is just another token reacting to the general >market.

this. link marines are the jews of crypto. they think everything in crypto is about them and they are the chosen one. LINK has literally the identical chart pattern as VET. let that sink in, boys.

>>52550597
>switches ips to cry
>"g-go stake then"
Powerful. Truly massive.

>>52550629
holy fucking shit I'm not the same anon you schizoid retard
fuck yourself

>>52550540
>14 hours
After last night of tearing this shill narrative apart, boned my wife and slept like a baby. Woke up and checked back to even more flimsy cope posts. Linkmarines are the king of midwits, its fun to rip apart their elaborate coping mechanisms of being just-another-shitcoin that's no different, price action wise, from something like NEO.
>>52550629
I wouldnt post something as low effort, but you having fallen into the mental schizoid trap of most epic marines is humourous. Its that same mentality that spawns threads and coping mechanisms like this.

>>52550649
Aww did I upset you? Sorry lil fella I'll play along.

Oh well I was just told to stake by a different anon! I'll definitely sell 100k now because of the completely organic negative sentiment being presented by the same 5-6 esl cockroaches on biz 24/7.

>>52540584
Lol stfu you fags are literally at 5$. Just another dumpster fire shitcoin full of bagholders making ridiculous excuses

>>52550600
No, no. LINK is only identical to every other shitcoin because some smart whales are shorting crypto. That's the reason uts printing the exact same chart as VET. It's purely coincidence. >>52550799
>I'll definitely sell 100k now
Kek, you wouldnt have 100k link on 20x leverage baggie.

>>52540850
2 more weeks the suppression whales are stopping. Marines are in control!! I repeat the link marines are in control!! Sit tight and HODL trust the plan! -sergey:Q216

>>52550745
>after tearing the shill narrative apart
He has wallets and explanations. You have nothing. Not only do you have nothing, you've been monitoring this thread for 14 hours posting paragraphs of nothing. Who are you and your shit-for-brains esl colleagues exactly? Why did you ever think - even through the jenkem haze over whatever dump you live in - that anyone would ever listen to you over Citibank or Eric Schmidt?

>>52542166
>>52542226
My almonds are activated

>>52550984
Kek

Is Nexo the only link shorter left standing?

>>52550984
>He has wallets and explanations
Wallets and explanations of a smart whale shorting crypto - incredible, surely there arent whales shorting ETH with exponentially more money, and every other shitcoin under the sun. No, this only applies to LINK, and its specifically the only reason its printing the exact same chart as every other shitcoin. It couldnt just be that a few whales and a sea of other, smaller traders went short while crypto was tanking.
>that anyone would ever listen to you over Citibank or Eric Schmidt?
Trust the experts, chud!!! Odd, seeing as I thought the elite were the ones suppressing price. Could it be that big players gave you a crumb of hope to hold onto so that you'd hold just another bleeding shitcoin, like VET or NEO, back down to $3?

>>52551596
>i-it's just a smart whale! it happens to every token!
oh yes lets pretend that all the threads predicting btc dumps and black swan events specifically when and only when chainlink was leading the pack (just like the recent run) in pumps didn't happen! IT JUST DIDNT HAPPEN STOP TALKING ABOUT IT LINKIE REEEEE
lmfao
>b-but it's also the elites
>it's just another bleeding shitcoin but the elites apparently need money from chainlink holders
you're so shit at this you don't even know what theories to base your strawmen on
it's time for you to start looking for a real job, faggot
do something more on your level - like digging ditches

Chainlink is really making this board seethe today. Who would have thought that a little old token could be so polarizing

>>52540183
CRV is being shorted in the order of >10% circulating supply. Tether was shorted by some whale borrowing via compound and other protocols. Seems like they're betting on a lot of projects completely collapsing in the next year or so

>>52550984
my sides

>>52551853
Anon your rebuttals are amazing. I’m crying laughing right now

>>52540183
Thanks OP. Excellent thread.

>>52551853
>only when chainlink was leading the pack
Was it leading the pack, or last to pump right before the crash? Remember to keep your story straight, dont just say whatevers convenient.
>you're so shit at this you don't even know what theories to base your strawmen on
The absolute delusion. I was pointing out the doublespeak in your theories.
>shit at this
As you imply holding gives anyone else money. This doesnt even make sense.

oopsie just accidentally a bump

>>52553505
>Nooooo it wasn't pumping hard its not real stop pointing it out STOP IT STOP IT
>I was only pretending to be retarded to pretend to be you doing doublespeak
>I-I'm not shit at my job just sell please sirs I don't know what you mean when you say I'm shit at this
It's like we both know you've wasted hours of your life fudding and the only thing you know how to do is double down because you're too stupid to do anything else.
If you're going to dig your own hole like this you should probably use pic related. Also try not to eat the dirt you fucking retard lmao.

>>52553899
checked
also reminder, the usual fud talking point was
>I was like you and held, I already sold, can't you see how stupid you are you should sell too
now its
>oh staking 2 years away, I'm not locking it up for 2 years
>oh no taxes
nevermind that they supposedly already sold, and the tax fud can be sniffed out in minutes with a little research. its low tier and meant to filter out newfags that bought the top and never researched at all, which it probably will filter a few of them.

>>52554085
>tax fud
Speaking of tax fud, do US citizens have to pay taxes on the link rewards?

>>52554161
No, you cannot be taxed for crypto you haven't cashed out. For anyone to even try to come after you for taxes you'd have to sell, and even then there are people who haven't paid taxes who have already been selling crypto for years (note they are in danger of the IRS coming after them one day but audits are completely random unless you are on their radar).

At best you can try to argue part of the regulatory fud will be the IRS implementing a method to tax staking rewards in crypto, but even in that scenario link is one of the projects in the space that will benefit the most from regulation since they have been doing everything above board (note regulation in general is still bearish in short-medium term).

>>52553505
ROFL at this absolute gremlin and his day of seethe

>>52554288
>you cannot be taxed for crypto you haven't cashed out
Isn't crypto to crypto taxed? Or does that count as cashing out?

>>52554391
Let me put it this way, if crypto to crypto was taxed and more importantly enforced, half this board would be behind bars already. Its low effort fud to scare newfags. Don't get me wrong, the IRS would love to figure this all out and start properly going after people, but its not there yet, they still suck at just getting the average joe. Note if they ever decide to audit you and get serious about it you're going to get fucked in the ass even if you never touched crypto in your life, but audits are almost entirely random/arbitrary unless you somehow end up on the governments radar.

whoopsie misclick

>>52554514
This and your previous comment are so beyond false its probably criminal. I wouldnt go posting stuff like this.

>>52555540
>1pbtid
Just fucking give up, or if you want to shit up a thread choose another one to do it in, you have no power here

>>52555827
>you have no power here

>>52556272
Eth is down 90% on link

>>52540650
paxos is a legitimate custody company who also have PAXG a gold backed crypto...
So their stable coin isn't obscure but secure...
though it is trusted, not trustless but maybe moving towards trustless according to >>52540740

>>52548727
Link and RLC specifically are correlated assets though, and their price action broadly started reflecting this around mid-October. Bullish for Link, apparently.

UPSIE DAISIES

Just lock up your tokens for two years while the team dumps another 50 million you kek