/biz/ - Business & Finance

>>56197502
LINK is a gas fee for its services for every bank, institution and user that's using its services.

ONE (1) entity (DTCC) processes over 2 QUADRILLION in value per year, and it will use CCIP. Can't you see how fucking low a $90 billion market cap is?

>>56197593
Most of that volume will be on their own chain cycling internally. Only a fraction will go between chains and use ccip.

>>56197502
Link can function at $1 or $100 the exact same. The network does not need token price appreciation.

>>56197502
$165 is the next top

>>56197502
Market cap is a completely retarded number. I can print a quadrillion tokens and sell you one of them for $10 and bam, $10 quadrillion market cap.
It's a stupid metric for brainlets.

>>56197593
>Most of that volume will be on their own chain cycling internall
What in the fuck are you talking about? If you're going to even attempt to FUD you have to know what you're saying otherwise people are instantly going to know how much of a dipshit you are.

Chainlink is not a chain, it's a service provider whose network is subsidized and and utilized by the LINK token. Every cross-chain transaction between blockchains, both private and public, will be through CCIP, which costs LINK. Every other service that Chainlink provides, runs on LINK. The amount of transactions made through CCIP will be tangible to the amount of value transferred between them.

$90 billion is FUD.

>>56197973
>we knew
Man. Anyone just been smiling lately? All we have to do is just (still) wait. God bless, I say!

>>56197502
Here is something you are missing. Who has sold their shitcoins so that they have money to buy new/old shit coins? What if BTC only hits $80k and looking down a 3 years bear market and people get scared that BTC won't go up forever. You probably want the singular project used by banks and FI worldwide. I can't get yield in equities, I can't get yield in RE, oh look a small crypto company that is working with banks to brings tokenized real world assets online, you need to stake link to back a contract and you get paid in link for services preformed. Should I invest my $30K into this or into a real estate market with shrinking returns?

when link was no.5 (it's top) you would have been able to sell for bitcoin or ethereum and move on to the next thing at the beginning of the bull market in 2020.
now link has retraced all of those gains, you can't, and when the next bull run starts link will (like all old altcoins) be left behind by newer ones.

the btc (or eth) price is the only thing that matters in this market.

>>56198053
>Who has sold their shitcoins so that they have money to buy new/old shit coins?
that's what people did when they cycled from link to something new for the 2020-2021 run.
new cycle, new alts.

>>56197802

Do you just have zero awareness of staking or what

>>56198101
staking can provide security at very low token prices in ways proof of work can't.
staking/proof of stake is about a minimally viable incentive while proof of work is about profitability after expenses. two completely different worlds.

>>56198135

staking with link has nothing to do with proof of work OR proof of stake, it's completely different. two completely different worlds indeed, and you are too dense to understand i'm talking about NEITHER of them

>>56198157
the only reason staking exists is to replace the security/incentive/misbehavior mechanism of proof of work. if it isn't doing that it's just another "please don't sell" mechanism and nothing else.

>>56197823
Pseudo-intellectual

>>56198076
just like Amazon, right?

>>56198072
Yeah, it's much easier for newer coins to pump 100x because they still have speculative happenings like a coinbase listing etc. Link will probably max out at 5x next cycle. It will unironically never see $59 again.

>>56198190
>the state of fud in 2023

>>56198182
with inflation amazon took 15+ years to break its bubble high in which time other companies solidly took over for growth and returns.

but trying to compare something like chainlink with amazon is the real reason why you've failed to capitalize on this now maturing market.

>>56198190
it won't see its btc high ever again with a very high certainty.
the problem is unlike when crypto was early before the 2017 cycle bitcoin still had huge room to grow. these topped alts can now hope for a whopping ~2-3x from bitcoin instead of the ~20x of a time long since gone. not great when you're now reliant on its for future fiat price growth.

>buttraped fuddies panicking in the troon discord at the barrage of link news
SWIFT will be dead in two weeks am I right trannies? Lmao
Oh wait what was it? SWIFT will never work with LINK?

YOU LOST SUBHUMANS
WE WON
EVERYTHING YOU DID WAS TO NO AVAIL
HOW DOES IT FEEL TO KNOW YOU HAVE NO SWAY IN THIS PLACE

>>56198222
>WE WON
unless you kept holding, of course.

>>56197502
i wish i didn't have to chip away at my link while i was at uni bros, i went from like 2k link down to only 400

>>56197973
bingo
this shit is going to hit damn near $1 trillion this upcoming bull run
that will be less money by then.
Im thinking the worlds largest company, whatever that maybe (AAPL, TSLA, AMZN, etc...) will be 5 T at that point.
$1 trillion is alot but not that huge.
BTC will probably peak around $2-5 Trillion this upcoming bullrun also.
just more upside on LINK
LINK will cross BTC eventually.

>it hasn't even reached $10
>linkies already at peak euphoria
the absolute state

>>56197813
Lol, I bet Supra Oracles will do better.

>>56197802
>Most of that volume will be on their own chain cycling internally. Only a fraction will go between chains and use ccip.
Do you think that's how it works now? DTCC just passes money from their left hand to their right all day long? They process every NYSE transaction, which involves thousands of banks associated with each counterparty. So unless you, the seller, and the NYSE all use the same bank, it will not stay on a private chain.

>>56197802
The security of the network is directly related to the price of the token. DTCC wont move billions through a bridge that requires a few million to 51% attack.

>>56197593
2 quadrillion processed does not equal a 2 quadrillion WORTH.

>>56198204
getting rich is getting rich, who cares also nice cope

>>56198922
dont matter, thats 400 more than the vast majority of the world

>>56205767
the difference is amazon saw another top while link's bitcoin highs have already been made.

>>56206022
lmao ok

>>56197502
marketcap is a meme
link to $1000
check my digits