/biz/ - Business & Finance

>>56431865
For me, its Tellor TRB

>>56431865
>anxious bagholder dumping millions worth of link because it went up 20% after 7 months
bye retard

>>56431865
Post the link

>>56431865
This part was more concerning to me.
Since there isn't any specific news fueling this rally, it's possible that it's due to whale manipulation.

>>56431889
https://twitter.com/lookonchain/status/1716022923616809328

>>56431889

>>56431918
>Since there isn't any specific news fueling this rally
Why does there need to be? Besides, the news is BTC and the overall market is finally looking decent, with a bunch of potential catalysts for going up more (ETF, halving, etc). People are thinking the bear is nearly over. Then they see LINK has been sideways and low for 500 day+. So it was more likely to break up than down. And when something breaks up from a range like that, it goes up big. Helps that LINK is clearly not a dead project, and has had tons of positive developments like CCIP recently.

>>56431948
You're giving people too much credit.
Big price jumps that aren't the result of manipulation usually have some sort of catalyst and don't come out of nowhere.
How many people are actually sitting down and looking at the 5 year chart of Link?
Not enough to justify the volume in the last few days.

Don't get me wrong, I hope it runs nonstop until $1000, but I'm not going to get my hopes up.

>>56431918
WTF, how does one person have this much link??

>>56431948
This recent move has been pretty illuminating. It's literally only the price obsessed fuddies and nulinkers who are confounded by this move. All of the development and news that happened over the past 500 days genuinely meant nothing to them, it never factored into their analysis, and in spite of the move it still doesn't. It's nice to be able to say "we told you so" but at the same time it only reinforces just how stridently irrational the crypto market is. There will always be a large cohort of people to whom nothing can be said.

>>56431980
morons get misallocated capital all the time. soon he'll get liquidated and lose it all

>>56431918
Yeah , there is literally zaro catalyst that could make the price of the Link token go up .

Captcha : 4IR

>>56431918
>Since there isn't any specific news fueling this rally, it's possible that it's due to whale manipulation.
LPL integration just went live. Have you been living under a rock Bulgar?

>>56431918
>Since there isn't any specific news fueling this rally
lol

>>56431918
This could be anyone though. That's not a huge amount to trade. And swing trading LINK is a pretty obvious thing to do given how well it has held the range. Buy in the 6's. Sell in the 8's. Short in the 9's.

>>56432080
Based LPL kiddo how you doing kiddo?
pools closed

>>56431918
you don't need news to create a rally, you just need less sellers and more buyers. sellers are exhausted since the price has been in the same range for 1.5 years and buyers are going up due to the breakout potential and overall good news.

>>56431966
I think honestly, that something big is coming with the revelation of staking v2.
Whatever that is caught some attention and people are trying to get in on the wave.

>>56432056

and then it wont get misallocated to a moron?

do we know anything more about the 'erroneous' data via eric wallach?

>>56431918
>>56432100
>>56432107

Theres really no reason for chainlink to go
up at this point , just give it up .

I've been holding link since 2020 and stupidly didn't sell. Pretty much entirely numb to the price movements now, I expect it to dump back to $7 next week. I guarantee its pumping because of cynical whale games. In general I truly believe crypto has no real world applications. The people here that believe the copium of big institutions accumulating in the background need to pull their heads out of their asses.

Someone is going to ask me why I don't sell and the reason is simple - someday this market will pump again and that's when i'll finally offload this junk onto the next idiot

Whales became whales because they are smart. They sell on large overbought pumps like this. Maybe you should learn from them

>>56432159
Just out of curiousity, what's your average cost basis? I bought link in 2020 too, at an average of $17.40.

>>56431918
>Concerning
The best pumps happen without any news newfag, All turbopumps are coordinated by group of whales.

>>56431865
>ACK poster
pissed shill detected

>>56432323
DELETE YOUR FUCKING TRIP

>>56432313
>newfag
I know you are, but what am I?

>>56432355
>bought FCT
holy fuck you are a retard

>>56431865
Doesnt take a genius to see this isnt natural :DDDD

nigger

>>56432323
Fuck off Poopoo.

>>56432089
Based LPL kiddo how you doing kiddo?
pools closed

>>56432145
this

>>56432355
A poorfag.

>>56432647
>Based LPL kiddo how you doing kiddo?
>pools closed

>>56431980
what makes you think it's one person and not a fund retard?

>>56432024
im dumbfounded because I just opened an IRA LLC I was planning on going balls to the walls with LINK and now I will have 25% less LINK in a tax sheltered environment on both capital gains and income from staking at both the state and federal level.
so yeah, im kindof pissed.

>>56431918
news is bearish for link

>>56431918
>Since there isn't any specific news fueling this rally, it's possible that it's due to whale manipulation.
nominating this for cope of the year

>>56431918
>$38,000 link
>whale

>>56432313
bullshit.

the best pumps were.

coinbase listing pump
google blogpost pump
mainnet announcement pump
even the teeka tiwari pump was nice.

all news.
https://www.youtube.com/watch?v=Sa5eLNmtMiw&ab_channel=ScottStevenson

>>56433183
I'm not talking about LINK, But in general. The best pumps are those that "just happen" aka driven by insiders (Likely in coordination with the project foundation), Which naturally build up the hype and retail interest as price moon, Until they reach blowoff top.

The best pumps are ignited by whales who know exactly what they're doing, It always feels like somebody is "pushing" the price, I've seen it over and over again in crypto. Pumps that start with retail buying are usually weaker and shorter, Unless it's DOGE type of hype.